FAQs
Revenue at the company rose 13% to $143.1bn in the three months to 30 September, clearing expectations on Wall Street. Profits surged to $9.9bn, from $2.9bn a year ago.
What is Amazon's profit revenue? ›
According to Amazon's latest financial reports the company's current revenue (TTM ) is $590.74 B. In 2023 the company made a revenue of $574.78 B an increase over the years 2022 revenue that were of $513.98 B. The revenue is the total amount of income that a company generates by the sale of goods or services.
What is the most profitable business unit of Amazon? ›
Amazon Web Services
It's also Amazon's most profitable business by far, according to EMARKETER's The Power of Amazon in 2023 report.
Why has Amazon's revenue increased? ›
The company attributed the boost to artificial intelligence and advertising sales. Amazon reported overall revenue of $143.3bn in the first three months of the year – up 13% from the same period in 2023 and surpassing Wall Street expectations of $142.65bn.
What was Amazon 3 quarter report? ›
Net sales increased 13% to $143.1 billion in the third quarter, compared with $127.1 billion in third quarter 2022. Excluding the $1.4 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 11% compared with third quarter 2022.
What is Amazon's profit status? ›
For the first time in almost a decade, online retail platform Amazon reported a net loss of 2.7 billion U.S. dollars in 2022. After that, in 2023, the net income amounted to 30.4 billion U.S. dollars.
What does "in revenue" mean? ›
The basic revenue definition is the total amount of money brought in by a company's operations, measured over a set amount of time. A business's revenue is its gross income before subtracting any expenses. Profits and total earnings define revenue—it is the financial gain through sales and/or services rendered.
What company is richer than Amazon? ›
Tech companies dominate a ranking of the ten biggest companies in 2023 by market cap. Apple tops the ranking, which was commissioned by City Index, with a market cap of $3.03 trillion, followed by Microsoft ($2.51 trillion), Saudi Aramco ($2.08 trillion), Alphabet/Google ($1.52 trillion) and Amazon ($1.34 trillion).
What company owns the most of Amazon? ›
Who owns Amazon now? As of January 2024, Jeff Bezos remains Amazon's largest individual shareholder, followed by Vanguard Group, the company's biggest institutional shareholder.
Who are Amazon's biggest competitors? ›
Amazon's biggest direct competitors include Walmart, eBay, the Alibaba Group, Target, as well as more localized eCommerce marketplaces (such as Otto or Rakuten). In the video streaming segment, Amazon's biggest competitors are Netflix, Rakuten, HBO, Disney, and Apple TV+. Who are Amazon's indirect competitors?
Jeff Bezos founded Amazon.com in 1994. Amazon's mission is to be Earth's most customer-centric company.
How is Amazon doing financially in 2024? ›
Here are some standout numbers that shape the narrative of the company's performance in the first quarter of 2024: $143.3 Billion in Overall Revenue: Amazon reported a strong start to the year with a 13% increase in net sales, jumping from $127.4 billion in Q1 2023.
Which country generates highest revenue for Amazon? ›
The United States and Amazon
Amazon has the most revenue from the United States, with the United States reportedly holding approximately 45 percent of the market share.
Was Amazon stock ever $3,000? ›
Amazon split its shares last summer when its price tag reached over $3,000.
Does Amazon pay dividends? ›
Amazon has never paid a dividend, and the company rarely buys back its stock.
How is Amazon doing financially? ›
After posting a loss in 2022, Amazon's earnings bounced back in a big way last year. Now, Wall Street analysts are expecting further earnings growth for 2024. Consensus projections see Amazon's posting adjusted earnings of $4.57 per share for the December 2024 fiscal year, according to FactSet.
What is Amazon's profit to earnings ratio? ›
The PE ratio for Amazon Com stock stands at 50.31 as of Jul 19, 2024. This is calculated based on the TTM EPS of $3.64 and the stock price of $183.13 per share. A decrease of 25% has been observed in the PE ratio compared to its average of 67.2 of the past four quarters.
What percent of Amazon profit is AWS? ›
AWS accounts for 17% of Amazon's $143,313 billion in overall revenue. Cloud is also a reliable source of profit for Amazon, thanks to high software margins. AWS delivered $9.42 billion in operating income, or about 62% of Amazon's total.
When did Amazon start making profit? ›
It wasn't until the fourth quarter of 2001 that Amazon first turned a profit, earning $0.01 per share on revenue of more than $1 billion.
Is Amazon financially stable? ›
Amazon.com Inc shows strong financial strength.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors: 1. The debt burden that the company has as measured by its Interest Coverage (current year).