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Amazon recorded solid growth over the first 9 months of 2025, driven by e-commerce, cloud activities and a rebound in advertising. However, the group is seeing profitability ease under record investments in AI and financial penalties imposed by the FTC. Here is an analysis of the Q3 results and the January–September 2025 period.
After announcing 14,000 layoffs in support functions, Amazon published on October 30, 2025 results for the quarter to September 30. Above analysts’ expectations, quarterly revenue increased by 13.4% at constant rates, reaching US$180.2 billion (US$21.3 billion more than a year earlier). Over the first 9 months of 2025 – and we will focus our analysis on this January–September period – sales grew by 11.9% to US$503.5 billion. This represents an incremental US$53.4 billion over 9 months (annual c
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Article authors
Aymeric Marolleau
Editor-in-Chief Data & Lab
Datajournalisme, économie et numérique. J’enseigne aussi le journalisme de données à l’EDJ de Sciences Po Paris.
Morgane Monteiro
Journalist
Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.