If you’ve been tracking Amazon lately, you know the vibe in the market is "cautious but obsessed." Everyone wants to know when the next shoe drops—or in this case, when the next multibillion-dollar cloud revenue figure gets released. Tracking the amzn earnings date 2025 isn't just about marking a calendar; it’s about timing the heartbeat of the entire tech economy.
Honestly, the retail side of Amazon is almost like the "legacy" business at this point. The real drama happens in the cloud and AI space. If you missed the updates throughout the year, or you're looking back to see how the patterns settled, the schedule for 2025 was a masterclass in consistency, even when the numbers themselves were full of surprises.
The 2025 Earnings Calendar: When it Actually Happened
Amazon doesn't usually play games with their timing. They like Thursdays. Specifically, they like Thursdays after the closing bell rings on Wall Street. If you were looking for the amzn earnings date 2025 schedule, here is how the year actually shook out:
- First Quarter (Q4 2024 Results): February 6, 2025
- Second Quarter (Q1 2025 Results): May 1, 2025
- Third Quarter (Q2 2025 Results): July 31, 2025
- Fourth Quarter (Q3 2025 Results): October 30, 2025
It’s a rhythm. Investors basically set their watches by these dates. But why does the specific date matter so much? Because in the three days leading up to these calls, the volatility in AMZN stock typically spikes by about 4% to 6%. If you're holding options or trying to swing trade the news, that Thursday afternoon is the "make or break" moment.
Why Q1 Was the "Wake-Up Call"
The May 1st report was a bit of a shocker. Everyone expected AWS to grow, sure. But it hit $29.3 billion for the quarter. That’s a 17% jump. While the retail side was dealing with "frugal" consumers who were tired of inflation, the cloud side was basically printing money.
What the Numbers Actually Told Us
You've probably heard talking heads on CNBC scream about "margins." Basically, Amazon spent most of 2025 trying to prove they could be lean. For a long time, the company was just a giant warehouse with a website attached. Now? It’s an AI powerhouse.
The third quarter results, which dropped on October 30, 2025, were the real turning point. Net sales hit $180.2 billion. That is a massive number. But here's the catch—they took some big hits. They had to pay out $2.5 billion for a legal settlement with the FTC and another $1.8 billion in severance because, let’s be real, they’ve been trimming the fat on their corporate headcount for a while now.
Without those charges? Their operating income would have been over $21 billion. That is wild. It shows that even when they’re getting sued or laying people off, the core machine is more efficient than it’s ever been.
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The Anthropic Factor
Something most casual observers missed in the 2025 reports was the Anthropic investment. In the Q3 report, Amazon revealed a $9.5 billion pre-tax gain just from their stake in Anthropic. It’s a paper gain, but it tells you where the value is moving. Amazon isn't just selling soap and books anymore; they are a venture capital firm with a delivery fleet.
AWS and the AI Arms Race
If you look at the amzn earnings date 2025 through the lens of AWS, you see a re-acceleration. By October, AWS was growing at 20% year-over-year. That’s the fastest growth they’ve seen since 2022.
Why? AI workloads.
Andy Jassy, the CEO, has been beating the drum about "custom silicon" like Trainium2 chips. They are trying to build an ecosystem where you don't need Nvidia to run high-level AI. If they pull that off, the margins in 2026 and beyond are going to be even more insane. They already have a $200 billion backlog in AWS contracts. Think about that. $200 billion in "guaranteed" future revenue just sitting there.
The Ad Business: Amazon's Secret Weapon
We can't talk about these earnings dates without mentioning the ads. Honestly, it's the part of the business I find most fascinating. When you search for "dog food" on Amazon, the first three results are ads. You know it, I know it.
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In Q3 2025, that business grew 22% to $17.7 billion.
It is almost pure profit. Unlike shipping a 40-pound bag of kibble to your door, which costs a lot of money in gas and labor, showing you a digital ad costs almost nothing. This is the "flywheel" everyone talks about. The retail side brings you in, the ads pay the bills, and AWS funds the future.
Misconceptions About the 2025 Dates
A lot of people think that "earnings date" just means "stock goes up." Sorta.
In 2025, we saw several instances where Amazon beat their revenue targets but the stock still dipped. Why? Guidance. Wall Street doesn't care what you did yesterday; they care what you’re doing for the holidays.
For example, when the July 31st report came out, the stock was shaky because the "guidance" for the next quarter felt a little conservative to some analysts. They were worried about "Capex"—the money Amazon spends on buildings and servers. Amazon spent nearly $90 billion on infrastructure in the first nine months of 2025. Some investors look at that and see a "spending problem." Jassy looks at it and sees a "moat."
Looking Ahead to 2026
The final amzn earnings date 2025 (which technically reports the final months of the year) is expected to land around February 5, 2026.
If you're planning your portfolio for the next few months, keep an eye on these factors:
- Capex Levels: Will they keep spending $30B+ a quarter on AI data centers?
- International Margins: Can they finally make the European and Asian markets as profitable as the US?
- The FTC Hangover: Now that the $2.5 billion settlement is out of the way, will the legal clouds clear?
Actionable Steps for Investors
If you're tracking these dates to make a move, don't just look at the "Beat" or "Miss" on the headline.
First, go straight to the AWS growth percentage. If it’s above 19%, the "AI story" is intact.
Second, check the Free Cash Flow. Amazon's FCF has been a roller coaster because of their massive building projects. In 2025, it took a dip because of that $50 billion increase in property and equipment purchases. If that starts to stabilize in 2026, the stock could see a massive re-rating.
Lastly, watch the Advertising growth. It’s the most resilient part of the company. Even in a bad economy, sellers have to advertise to move their inventory. It’s basically a tax on the e-commerce world.
Amazon is no longer just a "store." It’s a utility for the internet. The 2025 earnings dates proved that while the "store" part is steady, the "utility" part is where the real wealth is being created. Keep your eyes on early February 2026—it’s going to set the tone for the rest of the decade.