Free Plan
Segment Analysis: AWS = 15.8% of revenue but 66.8% of operating profit (24.6B / 36.9B total). Cloud subsidizes retail market share strategy.
| Segment | Revenue | % of Total | Operating Income | Op. Margin | YoY Growth |
|---|---|---|---|---|---|
North America All Amazon operations in USA, Canada, Mexico (retail + AWS + ads allocated to NA) | $352.8B | 61.4% | $14.9B | 4.2% | +11.7% |
International All Amazon operations outside North America (UK, Germany, Japan, India, etc.) | $131.2B | 22.8% | $-2.7B | -2.0% | +11.2% |
AWS Global cloud infrastructure services (not allocated by geography in Amazon's reporting) | $90.8B | 15.8% | $24.6B |
USA, Canada, Mexico
UK, Germany, Japan +7 more
| 27.1% |
| +13.3% |
Turned profitable after FY2022 losses. Cost discipline + fulfillment efficiency.
Loss narrowed by $5.1B vs FY2022. Still investing heavily in India, Brazil, Middle East.
Margin compressed from 29% due to AI infrastructure investment. Still 27% margin at scale.