Amazon Beats Q2 Expectations as Revenue Rises 13% to Nearly $168 Billion

Amazon reported its second-quarter 2025 earnings Thursday.

Wall Street forecast earnings per share (EPS) of $1.33 on $162.11 billion in revenue, according to analyst consensus data provided by LSEG. Amazon reported adjusted EPS of $1.68 on $167.7 billion in revenue. That revenue figure marks a 13% increase over the comparable April 1-June 30, 2024 period. Per Amazon, excluding a $1.5 billion “favorable impact from year-over-year changes in foreign exchange rates” the revenue increase adjusts down to 12%.

Operating income for the quarter stood at $19.2 billion vs. $14.7 billion in Q2 2024.

Back in May, Amazon had projected revenue between $159 to $164 billion for the second quarter and operating income between $13 billion to $17 billion.

“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 CEO and president Andy Jassy said in a letter to shareholders. “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.”

More to come…