AMZN Amazon (AMZN) Q3 FY25 earnings call
Amazon delivered strong Q3 FY25 results, driven by significant reacceleration in AWS revenue and robust growth in advertising. The company is heavily investing in AI, with custom silicon like Trainium gaining traction and new AI-powered features like Rufus and AgentCore showing promising early results. Despite special charges impacting operating income, Amazon remains focused on operational efficiencies, capacity expansion, and customer experience innovations, particularly in fast delivery and agentic commerce.
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AMZN operating KPIs by quarter
| KPI | Mar 2025 Q1 FY25 | Jun 2025 Q2 FY25 | This call Sep 2025 Q3 FY25 | Dec 2025 Q4 FY25 | Change vs prior quarter |
|---|---|---|---|---|---|
| Third-party seller unit mix Worldwide | 61%And worldwide third-party selling unit mix was 61% in Q1, consistent with Q1 of last year.Source: earnings call transcript | 62%In Q2, worldwide third-party seller unit mix was 62%, the highest ever, up on 100 basis points from Q2 of last year.Source: earnings call transcript | 62%And in Q3, worldwide third-party seller unit mix was 62%, up 200 basis points from Q3 of last year.Source: earnings call transcript | 61%In Q4, Worldwide third-party seller unit mix was 61%.Source: earnings call transcript | -1 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.