Amazon capex, CY2025 Q1

Amazon reported $25B of capex for CY2025 Q1, the quarter covering January to March 2025. That is +68% on the $14.9B of the same quarter a year earlier (CY2024 Q1).

Amazon sells AWS cloud services to enterprises and developers and operates retail and logistics businesses. Its reported capex also includes fulfillment infrastructure, so these figures are not AWS-only.

Capex, CY2025 Q1$25B

Year on year+68%

Announced1 May 2025

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Verified 11 Nov 2026

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Source per value

Reported quarter: CY2025 Q1 1
Calendar quarter: 2025 Q1 1
Announced: 2025-05-01 1
“May 01, 2025”
Capex (USD million): 25,019 1
“(25,019”
Capex definition: Gross cash purchases of property and equipment for Amazon as a whole, before proceeds from asset sales and incentives; excludes noncash finance-lease asset acquisitions. 1

Sources

Amazon investor relations: Amazon CY2025 Q1 accessed 2026-11-11

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