XML 36 R25.htm IDEA: XBRL DOCUMENT v3.25.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Information on Reportable Segments and Reconciliation to Consolidated Net Income
Information on reportable segments and reconciliation to consolidated net income is as follows (in millions):
Three Months Ended
March 31,
20242025
North America
Net sales$86,341 $92,887 
Operating expenses81,358 87,046 
Operating income$4,983 $5,841 
International
Net sales$31,935 $33,513 
Operating expenses31,032 32,496 
Operating income$903 $1,017 
AWS
Net sales$25,037 $29,267 
Operating expenses15,616 17,720 
Operating income$9,421 $11,547 
Consolidated
Net sales$143,313 $155,667 
Operating expenses128,006 137,262 
Operating income15,307 18,405 
Total non-operating income (expense)(2,324)3,274 
Provision for income taxes(2,467)(4,553)
Equity-method investment activity, net of tax(85)
Net income$10,431 $17,127 
Disaggregation of Revenue
Net sales by groups of similar products and services, which also have similar economic characteristics, is as follows (in millions):    
Three Months Ended
March 31,
20242025
Net Sales:
Online stores (1)$54,670 $57,407 
Physical stores (2)5,202 5,533 
Third-party seller services (3)34,596 36,512 
Advertising services (4)11,824 13,921 
Subscription services (5)10,722 11,715 
AWS25,037 29,267 
Other (6)1,262 1,312 
Consolidated$143,313 $155,667 
____________________________
(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.
Reconciliation of Assets from Segment to Consolidated Total segment assets reconciled to consolidated amounts are as follows (in millions):
 December 31, 2024March 31, 2025
North America (1)$210,120 $210,198 
International (1)69,487 70,231 
AWS (2)155,953 179,386 
Corporate189,334 183,441 
Consolidated$624,894 $643,256 
___________________
(1)North America and International segment assets primarily consist of property and equipment, operating leases, inventory, accounts receivable, and digital video and music content.
(2)AWS segment assets primarily consist of property and equipment, accounts receivable, and operating leases.
Reconciliation of Property and Equipment from Segments to Consolidated
Property and equipment, net by segment is as follows (in millions):
 December 31, 2024March 31, 2025
North America$103,041 $102,301 
International25,618 26,170 
AWS110,683 130,919 
Corporate13,323 13,391 
Consolidated$252,665 $272,781 
Reconciliation of Property and Equipment Additions and Depreciation from Segments to Consolidated Total net additions to property and equipment are as follows (in millions):
Three Months Ended
March 31,
 20242025
North America (1)$5,151 $5,096 
International (1)1,109 1,506 
AWS (2)7,925 20,464 
Corporate372 383 
Consolidated$14,557 $27,449 
___________________
(1)Includes property and equipment added under finance leases of $7 million and $54 million in Q1 2024 and Q1 2025.
(2)Includes property and equipment added under finance leases of $35 million and $0 million in Q1 2024 and Q1 2025.
Total depreciation and amortization expense, by segment, is as follows (in millions):
 Three Months Ended
March 31,
 20242025
North America$3,373 $3,530 
International1,054 1,136 
AWS2,839 4,390 
Consolidated$7,266 $9,056