Amazon.com (AMZN) risk factors, FY2025 10-K

Amazon.com's FY2025 10-K, filed Feb 06, 2026, lists 18 risk factors in 8 groups. Against the prior year's 18: 1 substantially reworded.

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Risk factors listed
188 groups
New this year
0vs 18 last year
Dropped
0since the prior 10-K
Substantially reworded
1of those kept
Section length
9k wordsItem 1A

What the changes say

  • Artificial intelligence and machine learning adoption is now identified as adding strain to Amazon’s expansion.
  • Technology infrastructure scaling is explicitly included alongside broader global operational growth.
  • No risks were added or removed; the existing growth-management risk was expanded.

What changed since the prior 10-K

Reworded

  • 31% rewrittenOperating Risks

    Our Expansion Places a Significant Strain on our Management, Operational, Financial, and Other Resources

    Adds technology infrastructure scaling and adoption of artificial intelligence and machine learning technologies to the expansion-related strain.

All 18 risk factors

Headings as the filing states them, in filing order.

Business and Industry Risks

  1. 01We Face Intense Competition
  2. 02Our Expansion into New Products, Services, Technologies, and Geographic Regions Subjects Us to Additional Risks

Our International Operations Expose Us to a Number of Risks

  1. 03The Variability in Our Retail Business Places Increased Strain on Our Operations
  2. 04We Are Impacted by Fraudulent or Unlawful Activities of Sellers

Operating Risks

  1. 05Our Expansion Places a Significant Strain on our Management, Operational, Financial, and Other Resources31% rewritten
  2. 06We Experience Significant Fluctuations in Our Operating Results and Growth Rate
  3. 07We Face Risks Related to Successfully Optimizing and Operating Our Fulfillment Network and Data Centers
  4. 08We Could Be Harmed by Data Loss or Other Security Incidents
  5. 09We Face Risks Related to System Interruption and Lack of Redundancy

Our Supplier Relationships Subject Us to a Number of Risks

  1. 10Our Commercial Agreements, Strategic Alliances, and Other Business Relationships Expose Us to Risks
  2. 11As our agreements terminate, we may be unable to renew or replace these agreements on comparable terms, or at all. We may in the future enter into amendments on less favorable terms or encounter parties that have difficulty meeting their contractual obligations to us, which could adversely affect our operating results
  3. 12Our Business Suffers When We Are Unsuccessful in Making, Integrating, and Maintaining Acquisitions and Investments

We Are Subject to Payments-Related Risks

  1. 13We Have a Rapidly Evolving Business Model and Our Stock Price Is Highly Volatile

Legal and Regulatory Risks

  1. 14Government Regulation Is Evolving and Unfavorable Changes Could Harm Our Business
  2. 15Claims, Litigation, Government Investigations, and Other Proceedings May Adversely Affect Our Business and Results of Operations
  3. 16We Are Subject to Product Liability Claims When People or Property Are Harmed by the Products We Sell or Manufacture
  4. 17We Face Additional Tax Liabilities and Collection Obligations
  5. 18We Are Subject to Risks Related to Government Contracts and Related Procurement Regulations

Other Amazon.com 10-Ks

  • FY2024 10-K risk factors
    24 risks

    Retail demand swings, fulfillment capacity, data centers, inventory, suppliers, and payments create significant operating-execution risks.

    Filed Feb 06, 2025

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.