SEATTLE—(BUSINESS WIRE) October 30, 2025—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2025.
•Net sales increased 13% to $180.2 billion in the third quarter, compared with $158.9 billion in third quarter 2024. Excluding the $1.5 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 12% compared with third quarter 2024.
•North America segment sales increased 11% year-over-year to $106.3 billion.
•International segment sales increased 14% year-over-year to $40.9 billion, or increased 10% excluding changes in foreign exchange rates.
•AWS segment sales increased 20% year-over-year to $33.0 billion.
•Operating income was $17.4 billion in the third quarter, compared with $17.4 billion in third quarter 2024. Third quarter 2025 operating income includes two special charges—$2.5 billion related to a legal settlement with the Federal Trade Commission and $1.8 billion in estimated severance costs primarily related to planned role eliminations. Without these charges, operating income would have been $21.7 billion.
•North America segment operating income was $4.8 billion, compared with $5.7 billion in third quarter 2024. Excluding the $2.5 billion charge related to a legal settlement with the Federal Trade Commission, North America operating income would have been $7.3 billion. These results also include estimated severance costs primarily related to planned role eliminations.
•International segment operating income was $1.2 billion, compared with $1.3 billion in third quarter 2024. These results also include estimated severance costs primarily related to planned role eliminations.
•AWS segment operating income was $11.4 billion, compared with $10.4 billion in third quarter 2024. These results also include estimated severance costs primarily related to planned role eliminations.
•Net income increased to $21.2 billion in the third quarter, or $1.95 per diluted share, compared with $15.3 billion, or $1.43 per diluted share, in third quarter 2024.
•Third quarter 2025 net income includes pre-tax gains of $9.5 billion included in non-operating income (expense) from our investments in Anthropic, PBC.
•Operating cash flow increased 16% to $130.7 billion for the trailing twelve months, compared with $112.7 billion for the trailing twelve months ended September 30, 2024.
•Free cash flow decreased to $14.8 billion for the trailing twelve months, driven primarily by a year-over-year increase of $50.9 billion in purchases of property and equipment, net of proceeds from sales and incentives. This compares to free cash flow of $47.7 billion for the trailing twelve months ended September 30, 2024.
“We continue to see strong momentum and growth across Amazon as AI drives meaningful improvements in every corner of our business,” said Andy Jassy, President and CEO, Amazon. “AWS is growing at a pace we haven’t seen since 2022, re-accelerating to 20.2% YoY. We continue to see strong demand in AI and core infrastructure, and we’ve been focused on accelerating capacity – adding more than 3.8 gigawatts in the past 12 months. In Stores, we continue to realize the benefits of innovating in our fulfillment network, and we’re on track to deliver to Prime members at the fastest speeds ever again this year, expand same-day delivery of perishable groceries to over 2,300 communities by end of year, and double the number of rural communities with access to Amazon’s Same-Day and Next-Day Delivery.”
Some other highlights since the company’s last earnings announcement include that Amazon:
•Saw continued strong adoption of Trainium2, its custom AI chip, which is fully subscribed and a multi-billion-dollar business that grew 150% quarter over quarter.
•Launched Project Rainier, a massive AI compute cluster containing nearly 500,000 Trainium2 chips, to build and deploy Anthropic’s leading Claude AI models.
•Announced new Amazon EC2 P6e-GB200 UltraServers using NVIDIA Grace Blackwell Superchips, designed for training and deploying the largest, most sophisticated AI models.
•Added 3.8 gigawatts of power capacity in the past 12 months – more than any other cloud provider.
•Added new foundation models in Amazon Bedrock, including open weight models from OpenAI, DeepSeek-V3.1, and Qwen3, as well as Anthropic’s Claude Sonnet 4.5, Claude Opus 4.1, and Claude Haiku 4.5.
•Announced a number of new Amazon EC2 instances for general purpose computing, including AWS Graviton4 chips for fast networking and custom Intel Xeon 6 processors for heavy computing tasks–both only available on AWS, as well as AMD EPYC processors for a wide range of applications, and Apple M4 chips for building iPhone and Mac apps.
•Expanded access to Kiro, an agentic coding integrated development environment that brings clarity through spec-driven development, with more than 100,000+ developers jumping in during the first days of preview and more than doubling since.
•Launched Quick Suite agentic AI app that acts as an AI teammate – connecting to business data and apps, and letting employees interact with AI agents that can find insights, conduct research, and take actions across systems. Quick Suite helps turn month-long projects into days, get 80%+ time savings on complex tasks, and realize 90%+ cost savings.
•Saw strong adoption of Transform, an AI agent that makes it easy for customers to migrate to AWS. Transform has saved 700,000 hours of manual migration effort—equivalent of 335 developer years of work—year to date.
•Grew Connect—an AI solution that enables contact centers to provide consistent, personalized customer experiences—to a $1 billion annualized revenue run rate business in recent weeks, with 12 billion minutes of customer interactions being handled by AI in the last year.
•Announced general availability of AgentCore, a set of infrastructure building blocks for developers and companies to build secure, scalable agents.
•Released Nova Multimodal Embeddings, the first unified model that enables search results with leading accuracy across text, documents, images, video, and audio. In addition, Web Grounding is a new built-in tool for Nova models to retrieve and incorporate publicly available information in responses.
•Announced general availability of Elastic VMware Service, the fastest and easiest path for customers to run VMware workloads on AWS.
•Added AWS Region in New Zealand, with plans for 10 more Availability Zones and three more Regions.
•Signed new AWS agreements with Delta Air Lines, Volkswagen Group, Fox Corporation, ServiceNow, Qantas Airways Limited, U.S. General Services Administration, SAP, lululemon athletica inc., Live Nation, AXA, BT Group, Vonage, Upstage, Arm, Fundamental, Periodic Labs, Cursor, Perplexity, and Lila Sciences.
•Increased number of rural communities with access to Amazon’s Same-Day and Next-Day Delivery by 60% in past four months.
•Expanded Same-Day Delivery of perishable groceries to 1,000+ cities and towns in the U.S., with plans to reach 2,300+ locations by end of 2025.
•Saw strong usage of Rufus (AI-powered assistant in Amazon’s store), with 250 million customers using it this year. Shoppers using Rufus are 60% more likely to complete a purchase.
•Launched Help Me Decide, an AI feature to help customers zero in on the right product using browsing activity, searches, shopping history, and preferences.
•Empowered sellers with genAI tools, with over 1.3 million independent sellers using these tools to easily create high quality, engaging product listings and bring even more selection to customers.
•Expanded Multi-Channel Fulfillment to sellers using Walmart, Shopify, and SHEIN, so brands can reach customers wherever they shop while leveraging Amazon’s fast, reliable fulfillment network.
•Announced partnerships that allow advertisers to buy ad space on Netflix, Spotify, and SiriusXM Media through Amazon Ads.
•Drew 70 million+ viewers globally for The Summer I Turned Pretty Season 3 (through 7 days post finale), delivered global viewership growth for second consecutive season (exceeding Season 2 by 65%), and announced feature film.
•Kicked off fourth season of Thursday Night Football on Prime Video, averaging 15.3 million viewers (the best for TNF on any network in a decade) according to Nielsen, which is a 16% increase over last season’s seven-game average.
•Debuted NBA on Prime in more than 200 countries, delivering average audience of 1.25 million viewers in the U.S. during season-opening double header, according to Nielsen.
•Added Peacock Premium Plus and Fox One to Prime Video add-on subscription offering of 100+ channels in the U.S.
•Launched the reimagined Luna cloud gaming service, including GameNight, a new collection of living room games, at no additional cost to Prime members.
•Continued rolling out Alexa+, which customers engage with two times more than the original Alexa, have longer conversations, cover a broader range of topics, and complete more tasks. Customers are using Alexa+ on Fire TV 2.5 times more than the original, using natural conversation to discover audio content 4 times more, engaging with photos 4 times more, and completing 4 times more shopping conversations that end in a purchase.
•Launched four AI-powered Echo devices built for Alexa+, expanded Alexa+ to new Fire TV device lineup for fast content discovery, and launched Alexa+ features for Ring devices that act as an intelligent doorbell attendant.
•Expanded Project Kuiper fleet to 150+ satellites, demonstrated industry-leading downlink speeds of 1+ Gbps, and announced commercial agreements with JetBlue, Australia’s National Broadband Network, and Kazakhtelecom (leading telecommunications provider in Kazakhstan).
•Began offering Zoox’s robotaxi service to customers in Las Vegas—becoming first fully autonomous ride-hailing service in a purpose-built robotaxi—and announced Washington D.C. as eighth testing location.
•Announced $1 billion investment in U.S. employee pay and benefits, bringing average hourly wage to $30+ per hour including elected benefits. Amazon also increased wages for hourly fulfillment and transportation employees in Canada, the Czech Republic, Poland, and the UK.
•Announced Future Ready 2030, a $2.5 billion commitment to expand access to education and skills training for at least 50 million people, empowering both employees and the broader workforce.
•Announced plans to add hundreds of thousands of seasonal jobs this holiday season, including 250,000 in the U.S., 150,000 in India, and thousands across Australia, Canada, France, Spain, and Central Europe.
•Announced planned $1.9 billion investment in Delivery Service Partner program in North America, adding to total investment of $16.7 billion over last seven years, supporting safety programs, training, and new technology.
Financial Guidance
The following forward-looking statements reflect Amazon.com’s expectations as of October 30, 2025, and are subject to substantial uncertainty. Our results are inherently unpredictable and may be materially affected by many factors, such as fluctuations in foreign exchange rates, changes in global economic and geopolitical conditions, tariff and trade policies, and customer demand and spending (including the impact of recessionary fears), inflation, interest rates, regional labor market constraints, world events, the rate of growth of the internet, online commerce, cloud services, and new and emerging technologies, and the various factors detailed below.
Fourth Quarter 2025 Guidance
•Net sales are expected to be between $206.0 billion and $213.0 billion, or to grow between 10% and 13% compared with fourth quarter 2024. This guidance anticipates a favorable impact of approximately 190 basis points from foreign exchange rates.
•Operating income is expected to be between $21.0 billion and $26.0 billion, compared with $21.2 billion in fourth quarter 2024.
•This guidance assumes, among other things, that no additional business acquisitions, restructurings, or legal settlements are concluded.
Conference Call Information
A conference call will be webcast live today at 2:00 p.m. PT/5:00 p.m. ET, and will be available for at least three months at amazon.com/ir. This call will contain forward-looking statements and other material information regarding the Company’s financial and operating results.
Forward-Looking Statements
These forward-looking statements are inherently difficult to predict. Actual results and outcomes could differ materially for a variety of reasons, including, in addition to the factors discussed above, the amount that Amazon.com invests in new business opportunities and the timing of those investments, the mix of products and services sold to customers, the mix of net sales derived from products as compared with services, the extent to which we owe income or other taxes, competition, management of growth, potential fluctuations in operating results, international growth and expansion, the outcomes of claims, litigation, government investigations, and other proceedings, fulfillment, sortation, delivery, and data center optimization, risks of inventory management, variability in demand, the degree to which the Company enters into, maintains, and develops commercial agreements, proposed and completed acquisitions and strategic transactions, payments risks, and risks of fulfillment throughput and productivity. Other risks and uncertainties include, among others, risks related to new products, services, and technologies, security incidents, system interruptions, government regulation and taxation, and fraud. In addition, global economic and geopolitical conditions and additional or unforeseen circumstances, developments, or events may give rise to or amplify many of these risks. More information about factors that potentially could affect Amazon.com’s financial results is included in Amazon.com’s filings with the Securities and Exchange Commission (“SEC”), including its most recent Annual Report on Form 10-K and subsequent filings.
Additional Information
Our investor relations website is amazon.com/ir and we encourage investors to use it as a way of easily finding information about us. We promptly make available on this website, free of charge, the reports that we file or furnish with the SEC, corporate governance information (including our Code of Business Conduct and Ethics), and select press releases, which may contain material information about us, and you may subscribe to be notified of new information posted to this site.
About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.
AMAZON.COM, INC.
Consolidated Statements of Cash Flows
(in millions)
(unaudited)
Three Months Ended September 30,
Nine Months Ended September 30,
Twelve Months Ended September 30,
2024
2025
2024
2025
2024
2025
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, BEGINNING OF PERIOD
$
71,673
$
61,453
$
73,890
$
82,312
$
50,081
$
78,677
OPERATING ACTIVITIES:
Net income
15,328
21,187
39,244
56,478
49,868
76,482
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization of property and equipment and capitalized content costs, operating lease assets, and other
13,442
16,796
37,164
46,285
50,984
61,916
Stock-based compensation
5,333
4,847
17,016
15,070
23,335
20,065
Non-operating expense (income), net
(141)
(10,112)
2,498
(14,187)
2,159
(14,673)
Deferred income taxes
(1,317)
10,130
(3,040)
10,648
(4,504)
9,040
Changes in operating assets and liabilities:
Inventories
(1,509)
(827)
(2,818)
(6,103)
(175)
(5,169)
Accounts receivable, net and other
(701)
(1,977)
774
(1,855)
(6,673)
(5,878)
Other assets
(4,537)
(4,039)
(10,293)
(10,412)
(13,095)
(14,602)
Accounts payable
(477)
2,151
(5,754)
166
5,134
8,892
Accrued expenses and other
129
(1,999)
(6,946)
(11,012)
(352)
(6,970)
Unearned revenue
421
(632)
2,396
(23)
6,025
1,588
Net cash provided by (used in) operating activities
25,971
35,525
70,241
85,055
112,706
130,691
INVESTING ACTIVITIES:
Purchases of property and equipment
(22,620)
(35,095)
(55,165)
(92,297)
(69,753)
(120,131)
Proceeds from property and equipment sales and incentives
1,342
867
3,559
2,446
4,794
4,228
Acquisitions, net of cash acquired, non-marketable investments, and other, net
(622)
(786)
(4,547)
(2,438)
(4,928)
(4,973)
Sales and maturities of marketable securities
8,069
16,367
12,726
35,545
14,294
39,222
Purchases of marketable securities
(3,068)
(7,426)
(13,472)
(38,556)
(13,907)
(51,089)
Net cash provided by (used in) investing activities
(16,899)
(26,073)
(56,899)
(95,300)
(69,500)
(132,743)
FINANCING ACTIVITIES:
Proceeds from short-term debt, and other
1,725
3,223
2,588
7,131
3,322
9,685
Repayments of short-term debt, and other
(1,820)
(1,826)
(2,453)
(5,300)
(8,791)
(7,907)
Proceeds from long-term debt
—
—
—
746
—
746
Repayments of long-term debt
(2,183)
(1,008)
(6,682)
(3,759)
(6,972)
(6,259)
Principal repayments of finance leases
(402)
(351)
(1,710)
(1,172)
(2,489)
(1,505)
Principal repayments of financing obligations
(78)
(82)
(247)
(276)
(320)
(698)
Net cash provided by (used in) financing activities
(2,758)
(44)
(8,504)
(2,630)
(15,250)
(5,938)
Foreign currency effect on cash, cash equivalents, and restricted cash
690
(397)
(51)
1,027
640
(223)
Net increase (decrease) in cash, cash equivalents, and restricted cash
7,004
9,011
4,787
(11,848)
28,596
(8,213)
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH, END OF PERIOD
$
78,677
$
70,464
$
78,677
$
70,464
$
78,677
$
70,464
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest on debt, net of capitalized interest
$
266
$
249
$
1,215
$
1,008
$
2,002
$
1,651
Cash paid for operating leases
2,940
4,155
9,116
11,475
11,882
14,700
Cash paid for interest on finance leases
71
76
217
219
291
289
Cash paid for interest on financing obligations
47
52
161
159
207
217
Cash paid for income taxes, net of refunds
2,004
1,136
8,162
6,774
12,359
10,920
Assets acquired under operating leases
3,571
5,057
11,235
13,999
14,212
18,188
Property and equipment acquired under finance leases, net of remeasurements and modifications
186
977
409
1,968
620
2,413
Increase (decrease) in property and equipment acquired but not yet paid
1,622
3,341
4,793
4,849
4,769
7,095
AMAZON.COM, INC.
Consolidated Statements of Operations
(in millions, except per share data)
(unaudited)
Three Months Ended September 30,
Nine Months Ended September 30,
2024
2025
2024
2025
Net product sales
$
67,601
$
74,058
$
190,085
$
206,274
Net service sales
91,276
106,111
260,082
297,264
Total net sales
158,877
180,169
450,167
503,538
Operating expenses:
Cost of sales
80,977
88,670
227,395
246,455
Fulfillment
24,660
27,679
70,543
78,248
Technology and infrastructure
22,245
28,962
64,973
79,122
Sales and marketing
10,609
11,686
30,783
32,865
General and administrative
2,713
2,875
8,496
8,468
Other operating expense (income), net
262
2,875
587
3,382
Total operating expenses
141,466
162,747
402,777
448,540
Operating income
17,411
17,422
47,390
54,998
Interest income
1,256
1,100
3,429
3,251
Interest expense
(603)
(538)
(1,836)
(1,595)
Other income (expense), net
(27)
10,186
(2,718)
14,052
Total non-operating income (expense)
626
10,748
(1,125)
15,708
Income before income taxes
18,037
28,170
46,265
70,706
Provision for income taxes
(2,706)
(6,910)
(6,940)
(14,141)
Equity-method investment activity, net of tax
(3)
(73)
(81)
(87)
Net income
$
15,328
$
21,187
$
39,244
$
56,478
Basic earnings per share
$
1.46
$
1.98
$
3.76
$
5.31
Diluted earnings per share
$
1.43
$
1.95
$
3.67
$
5.22
Weighted-average shares used in computation of earnings per share:
Basic
10,501
10,674
10,447
10,638
Diluted
10,735
10,845
10,705
10,815
AMAZON.COM, INC.
Consolidated Statements of Comprehensive Income
(in millions)
(unaudited)
Three Months Ended September 30,
Nine Months Ended September 30,
2024
2025
2024
2025
Net income
$
15,328
$
21,187
$
39,244
$
56,478
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax of $(45), $27, $43, and $(181)
1,911
(690)
178
4,159
Available-for-sale debt securities:
Change in net unrealized gains (losses), net of tax of $(55), $(3,797), $(282), and $(3,820)
167
12,397
944
12,474
Less: reclassification adjustment for losses (gains) included in “Other income (expense), net,” net of tax of $0, $512, $(1), and $1,326
—
(1,795)
4
(4,266)
Net change
167
10,602
948
8,208
Other, net of tax of $3, $0, $1, and $0
(3)
1
(4)
—
Total other comprehensive income (loss)
2,075
9,913
1,122
12,367
Comprehensive income
$
17,403
$
31,100
$
40,366
$
68,845
AMAZON.COM, INC.
Segment Information
(in millions)
(unaudited)
Three Months Ended September 30,
Nine Months Ended September 30,
2024
2025
2024
2025
North America
Net sales
$
95,537
$
106,267
$
271,911
$
299,222
Operating expenses
89,874
101,478
256,200
281,075
Operating income
$
5,663
$
4,789
$
15,711
$
18,147
International
Net sales
$
35,888
$
40,896
$
99,486
$
111,170
Operating expenses
34,587
39,697
97,009
107,460
Operating income
$
1,301
$
1,199
$
2,477
$
3,710
AWS
Net sales
$
27,452
$
33,006
$
78,770
$
93,146
Operating expenses
17,005
21,572
49,568
60,005
Operating income
$
10,447
$
11,434
$
29,202
$
33,141
Consolidated
Net sales
$
158,877
$
180,169
$
450,167
$
503,538
Operating expenses
141,466
162,747
402,777
448,540
Operating income
17,411
17,422
47,390
54,998
Total non-operating income (expense)
626
10,748
(1,125)
15,708
Provision for income taxes
(2,706)
(6,910)
(6,940)
(14,141)
Equity-method investment activity, net of tax
(3)
(73)
(81)
(87)
Net income
$
15,328
$
21,187
$
39,244
$
56,478
Segment Highlights:
Y/Y net sales growth:
North America
9
%
11
%
10
%
10
%
International
12
14
9
12
AWS
19
20
18
18
Consolidated
11
13
11
12
Net sales mix:
North America
60
%
59
%
60
%
59
%
International
23
23
22
22
AWS
17
18
18
19
Consolidated
100
%
100
%
100
%
100
%
AMAZON.COM, INC.
Consolidated Balance Sheets
(in millions, except per share data)
(unaudited)
December 31, 2024
September 30, 2025
ASSETS
Current assets:
Cash and cash equivalents
$
78,779
$
66,922
Marketable securities
22,423
27,275
Inventories
34,214
41,494
Accounts receivable, net and other
55,451
61,175
Total current assets
190,867
196,866
Property and equipment, net
252,665
324,435
Operating leases
76,141
83,456
Goodwill
23,074
23,260
Other assets
82,147
99,904
Total assets
$
624,894
$
727,921
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable
$
94,363
$
106,032
Accrued expenses and other
66,965
68,051
Unearned revenue
18,103
21,113
Total current liabilities
179,431
195,196
Long-term lease liabilities
78,277
84,677
Long-term debt
52,623
50,742
Other long-term liabilities
28,593
27,675
Commitments and contingencies
Stockholders’ equity:
Preferred stock ($0.01 par value; 500 shares authorized; no shares issued or outstanding)
—
—
Common stock ($0.01 par value; 100,000 shares authorized; 11,108 and 11,202 shares issued; 10,593 and 10,687 shares outstanding)
111
112
Treasury stock, at cost
(7,837)
(7,837)
Additional paid-in capital
120,864
135,679
Accumulated other comprehensive income (loss)
(34)
12,333
Retained earnings
172,866
229,344
Total stockholders’ equity
285,970
369,631
Total liabilities and stockholders’ equity
$
624,894
$
727,921
AMAZON.COM, INC.
Supplemental Financial Information and Business Metrics
(1)Includes product sales and digital media content where we record revenue gross. We leverage our retail infrastructure to offer a wide selection of consumable and durable goods that includes media products available in both a physical and digital format, such as books, videos, games, music, and software. These product sales include digital products sold on a transactional basis. Digital media content subscriptions that provide unlimited viewing or usage rights are included in “Subscription services.”
(2)Includes product sales where our customers physically select items in a store. Sales to customers who order goods online for delivery or pickup at our physical stores are included in “Online stores.”
(3)Includes commissions and any related fulfillment and shipping fees, and other third-party seller services.
(4)Includes sales of advertising services to sellers, vendors, publishers, authors, and others, through programs such as sponsored ads, display, and video advertising.
(5)Includes annual and monthly fees associated with Amazon Prime memberships, as well as digital video, audiobook, digital music, e-book, and other non-AWS subscription services.
(6)Includes sales related to various other offerings (such as shipping services, healthcare services, and certain licensing and distribution of video content) and our co-branded credit card agreements.
(7)Excludes the impact of Whole Foods Market.
Amazon.com, Inc.
Certain Definitions
Customer Accounts
•References to customers mean customer accounts established when a customer places an order through one of our stores. Customer accounts exclude certain customers, including customers associated with certain of our acquisitions, Amazon Payments customers, AWS customers, and the customers of select companies with whom we have a technology alliance or marketing and promotional relationship. Customers are considered active when they have placed an order during the preceding twelve-month period.
Seller Accounts
•References to sellers means seller accounts, which are established when a seller receives an order from a customer account. Sellers are considered active when they have received an order from a customer during the preceding twelve-month period.
AWS Customers
•References to AWS customers mean unique AWS customer accounts, which are unique customer account IDs that are eligible to use AWS services. This includes AWS accounts in the AWS free tier. Multiple users accessing AWS services via one account ID are counted as a single account. Customers are considered active when they have had AWS usage activity during the preceding one-month period.
Units
•References to units mean physical and digital units sold (net of returns and cancellations) by us and sellers in our stores as well as Amazon-owned items sold in other stores. Units sold are paid units and do not include units associated with AWS, certain acquisitions, certain subscriptions, rental businesses, or advertising businesses, or Amazon gift cards.
