Earnings preview

Amazon.com, Inc. Amazon.com, Inc. Q4 2025 Earnings Results vs. Expectations

ReportsFeb 5, 2026
SlotAfter Market Close
Beats vs our estimate4 of 4

Results are out

This quarter has reported. The consensus below is what we expected going in.

Read the release →

What the Street expects

EPS
$1.97
consensus · see the release
QoQ—
YoY—
Revenue
$211.4B
consensus · see the release
QoQ—
YoY—

QoQ and YoY are what the consensus implies against the prior quarter and the prior year.

Also on the card
AWS Growth 21% expected
Op. Margin 11.7% expected

Q4 2025 reported results

Estimate against reported

$3.00$1.50$0.002025 Q1 estimate $1.372025 Q1 reported $1.592025 Q12025 Q2 estimate $1.332025 Q2 reported $1.682025 Q22025 Q3 estimate $1.572025 Q3 reported $1.952025 Q32025 Q4 estimate $1.972025 Q4 reported $1.952025 Q42026 Q1 reported $2.782026 Q12026 Q2 estimate $1.832026 Q2 reported $1.882026 Q22026 Q32026 Q4
Our published estimate Reported EPS Average surprise +17% over 4 graded quarters
QuarterEstimateReportedSurprise
2025 Q1 $1.37 $1.59 +16%
2025 Q2 $1.33 $1.68 +26%
2025 Q3 $1.57 $1.95 +24%
2025 Q4 $1.97 $1.95 −1%
2026 Q1 — $2.78 —
2026 Q2 $1.83 $1.88 +3%
2026 Q3 — not yet reported —
2026 Q4 — not yet reported —

Estimates are the consensus we published on our own preview for that quarter; quarters we did not preview carry the reported figure only. Where a consensus was set on a non-GAAP basis, the reported column shows that same measure.

Every quarter

Q3 2026Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025

Read the full preview → Q4 2025 release page View AMZN stock page