Amazon Revenues Jump 13 Percent to $167.7 Billion

Amazon reported that it earned a net income of $18.2 billion on revenues of $167.7 billion in the quarter ending June 30, 2025. Those figures represent a decline of 26 percent and a gain of 13 percent, respectively, year-over-year (YOY).

“Our conviction that AI will change every customer experience is starting to play out as we’ve expanded Alexa+ to millions of customers, continue to see our shopping agent used by many millions of customers, launched AI models like DeepFleet that optimize productivity paths for our 1M+ robots, made it much easier for software developers to write code with Kiro (our new agentic IDE), launched Strands to make it easier to build AI agents, and released Bedrock AgentCore to enable agents to be operated securely and scalably,” Amazon president and CEO Andy Jassy said. “Our AI progress across the board continues to improve our customer experiences, speed of innovation, operational efficiency, and business growth, and I’m excited for what lies ahead.”

Amazon’s earnings announcements are mostly a rote recap of products and services that the company released in the quarter. But sticking just to the technology offerings we care about at Thurrott.com, a few points stand out.

Key among them, Amazon Web Services (AWS) revenues were up 18 percent YOY in the quarter to $30.9 billion, and AWS now represents 18 percent of Amazon’s revenues overall. Most of Amazon’s operating profit, or about $10.2 billion came from AWS in the quarter.

Related to that, Amazon said ahead of its earnings report that it would spend up to $100 billion this year on AI as it builds out data centers and tries to compete with Microsoft, which spent roughly $85 billion in the most recent fiscal year on AI and will spend $30 billion in the current quarter.

Additionally, Amazon reported that revenues in its Subscription services business, which includes the Prime membership, were up 12 percent YOY to $12.2 billion.