Amazon.com Inc. said it’s bracing for a tougher business climate in the coming months, echoing concerns from a range of companies that tariffs and related economic turmoil could crimp consumer spending.

Amazon disclosed roughly $1 billion in one-time charges during its first-quarter results. Tariffs were at least partly to blame.

The tech giant reported revenue grew by 9% during its first quarter to $155.7 billion. Its profit was $17.1 billion. The figures topped Wall Street projections.

Several companies have pulled their full-year outlook for 2025, with many citing market uncertainty exacerbated by Trump’s tariffs.

Amazon CEO Andy Jassy says the company hasn’t seen a meaningful impact from tariffs yet, citing stable prices and forward-buying—but warns of uncertainty ahead.

Amazon CEO Andy Jassy said May 1 that the retailer hasn't seen an increase in prices and is optimistic the company can weather the tariff situation.