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ETFs in Spotlight as Amazon Tops Q3 Earnings, Raises Capex Plan

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Shares of Amazon.com, Inc. ((AMZN - Free Report) ) rose 9.6% during the last trading session, after the company’s third-quarter 2025 earnings and revenues comfortably surpassed analysts’ expectations. AMZN also raised its capital expenditure plan for 2025 from $118 billion to $125 billion (as per a CNBC report), which may have served as a catalyst for the recent rise in its share price.

Against this backdrop, investors may want to monitor exchange-traded funds (ETFs) with significant exposure to Amazon. These include Global X PureCap MSCI Consumer Discretionary ETF (GXPD - Free Report) , ProShares Online Retail ETF (ONLN - Free Report) , Vanguard Consumer Discretionary ETF (VCR - Free Report) and Consumer Discretionary Select Sector SPDR Fund (XLY - Free Report) .

But before diving into the specifics of these ETFs, let us do a detailed analysis of how the world’s largest e-commerce platform performed in the third quarter, in terms of other metrics.

A Brief Analysis of AMZN’s Q3 Results

Amazon’s third-quarter earnings of $1.95 beat the Zacks consensus estimate by 23.4% and were quite higher than the year-ago figure of $1.43. Its sales surpassed both the Zacks Consensus Estimate and the company’s guidance, apart from rising a double-digit percentage on a year-over-year basis.

Segment-wise, the company witnessed solid sales growth from all three segments, with the Amazon Web Service (AWS) continuing to be a major growth engine for AMZN, which delivered a solid 18.3% year-over-year top-line surge.

Amazon witnessed strong demand for its custom artificial intelligence (AI) chip, Trainium2, driven by the growing requirement for powerful chips to process enormous amounts of data amid the ongoing AI revolution.

On the other hand, its subscription services revenues for Amazon Prime grew 12% year over year to $12.2 billion. The Same-Day Delivery of perishable groceries expanded to 1,000+ cities and towns in the United States.

The company ended September 2025 with cash and cash equivalents worth $66.9 billion compared with $57.7 billion as of June 30, 2025. Its operating cash flow increased 16% to $130.7 billion for the trailing 12 months.

Amazon expects to maintain record-fast delivery speeds for Prime members in 2025 and expand Same-Day Delivery of perishable groceries to more than 2,300 locations by the end of the year.

It also announced its plan to invest $1.9 billion in Delivery Service Partner program in North America, to support safety programs, training, and new technology.

For the fourth quarter of 2025, Amazon expects to generate net sales in the range of $206-$213 billion, the midpoint of which lies just below the consensus estimate of $210.6 billion.

Following AMZN’s earnings release, Citi analyst Ronald Josey raised the firm’s price target on Amazon from $270 to $320, citing solid optimism in favor of accelerating revenue growth from its AWS unit and mentioned AMZN as Citi’s top internet stock (as per a report by MSN).

Amazon-Heavy ETFs Under Spotlight

Global X PureCap MSCI Consumer Discretionary ETF ((GXPD - Free Report) )

This fund, with net assets worth $17.78 million, provides exposure to 51 U.S.-listed Consumer Discretionary companies. Of these, Amazon takes the first spot, holding 21.87% of the fund.

GXPD has gained 7.2% year to date and charges 15 basis points (bps) in fees.

ProShares Online Retail ETF ((ONLN - Free Report) )

This fund, with an average market capitalization worth $179.17 billion, provides exposure to 20 companies that are at the forefront of the rising e-commerce theme. Of these, Amazon takes the first spot, holding 24.40% of the fund.

ONLN has surged 34.5% year to date and charges 58 bps in fees.

Vanguard Consumer Discretionary ETF ((VCR - Free Report) )

This fund, with net assets worth $6.5 billion, offers exposure to 292 U.S. companies that come from the consumer discretionary sector. Of these, Amazon takes the first spot, holding 21.54% of the fund.

VCR has risen 5.9% year to date and charges 9 bps in fees.

Consumer Discretionary Select Sector SPDR Fund ((XLY - Free Report) )

This fund, with assets under management (AUM) worth $24.67 billion, offers exposure to 50 U.S. companies that come from specialty retail; broadline retail; hotels, restaurants and leisure; textiles, apparel and luxury goods; household durables; automobiles; automobile components; distributors; leisure products; and diversified consumer services industries. Of these, Amazon takes the first spot, holding 22.16% of the fund.

XLY has risen 7.6% year to date and charges 8 bps in fees.

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