Slide 1: Q2 2025 Financial Results Conference Call Slides
Q2 2025 Financial Results Conference Call Slides
Slide 2: Forward-looking statements
This presentation may contain forward-looking statements which are inherently difficult to predict. Actual results and outcomes could differ materially for a variety of reasons, including, among others, fluctuations in foreign exchange rates, changes in global economic conditions, tariff and trade p
Slide 3: Net Sales
Net Sales MM $280,000 Net Sales (MM) Up 13% Y/Y; Up 12% F/X Adjusted (1) $30,873 18% $167,702 $147,977 $36,761 $100,068 $140,000 22% 60% North America International AWS $0 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 (1) Information throughout this presentation regarding the effect of foreign exchange ra
Slide 4: Net Sales – TTM
Net Sales – TTM (1) MM $1,000,000 Net Sales - TTM (MM) Up 11% Y/Y $116,378 18% $670,038 $604,334 $149,582 $404,078 22% $500,000 60% North America International AWS $0 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 (1) Trailing twelve-month period. 4
Slide 5: Operating Income
Operating Income MM $30,000 Up 31% Y/Y; Up 30% F/X Adjusted $19,171 $14,672 $15,000 $0 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 5
Slide 6: Operating Income – TTM
Operating Income – TTM MM $100,000 Up 40% Y/Y $76,190 $54,376 $50,000 $0 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 6
Slide 7: Net Income
Net Income MM $30,000 Up 35% Y/Y $18,164 $15,000 $13,485 $0 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 7
Slide 8: Net Income – TTM
Net Income – TTM MM $90,000 Up 59% Y/Y $70,623 $44,419 $45,000 $0 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 8
Slide 9: Segment Results – North America
Segment Results – North America MM Net Sales MM Operating Income $180,000 $15,000 Up 11% Y/Y Up 48% [Down 31%]Y/Y; Y/Y; Up 49% [Down 32%]F/X Adjusted F/X Adjusted $100,068 $90,033 $7,517 $90,000 $7,500 $5,065 $0 $0 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 TTM N
Slide 10: Segment Results – International
Segment Results – International MM Net Sales MM Operating Income $70,000 $2,500 Up 16% Y/Y; Up 448% Y/Y; Up 11% F/X Adjusted Up 324% F/X Adjusted $1,494 $36,761 $35,000 $31,663 $1,250 $273 $0 $0 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 TTM Net Sales $149.6B; TT
Slide 11: Segment Results – AWS
Segment Results – AWS MM Net Sales MM Operating Income $50,000 $18,000 Up 17% Y/Y Up 9% Y/Y; Up 10% F/X Adjusted $30,873 $10,160 $26,281 $9,334 $25,000 $9,000 $0 $0 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 TTM Net Sales $116.4B; TTM Operating Income $42.8B 11
Slide 12: Free Cash Flow – TTM
Free Cash Flow – TTM (1) MM $80,000 Up 101% Y/Y Down 66% Y/Y (2) $52,973 $40,000 $18,184 $0 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Long-Term Goal – Optimize Free Cash Flows (1) Free cash flow is cash flow from operations reduced by “Purchases of property and equipment, net of proceeds from sales an
Slide 13: Shares
Shares MM 16,000 10,871 10,952 381 292 8,000 10,490 10,660 0 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Common Shares Outstanding Stock-Based Awards Outstanding Long-Term Goal – Efficiently Managing Dilution 13
Slide 14: Appendix
amazon Appendix
Slide 15: Free Cash Flow Reconciliation – TTM
Free Cash Flow Reconciliation – TTM MM Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Operating Cash Flow $107,952 $112,706 $115,877 $113,903 $121,137 Purchases of property and equipment, net of proceeds from (54,979) (64,959) (77,658) (87,978) (102,953) sales and incentives Free Cash Flow $52,973 $47,747