The above graph represents Amazon net income by quarter, starting from fiscal Q1 1997 to the most recent quarter. Amazon net income fell to $2,134 million in Q3 2019 – the lowest net income since Q1 2018. The company witnessed a massive 26% YoY and 18.7% QoQ decline in its Q3 2019 net profit.
However, Amazon net income in Q2 2019 increased a considerable 3.59% YoY to $2,625 million ($2.6 billion). But, on a quarterly basis, it is a whopping 26.3% decline.
Amazon Quarterly Net Income: History
|Source||Amazon Quarterly Reports, SEC Filings|
|Last Updated||05 November 2019|
|Note||Amazon Fiscal Year – from January to December|
In Q1 2019, the retail giant reported a record $3,561 million ($3.6 billion) in net profit – the highest-ever till date.
One must note that in fiscal Q4 2018, Amazon quarterly net income crossed $3-billion mark for the first time, globally. The revenue also rose to a record-high $72.4 billion during the fourth quarter.
As the graph shows, Amazon reported its first profitable quarter in fiscal Q4 2001 since its inception. After reporting the combined loss of -$572.4 million in Q1, Q2 and Q3 2001, the company generated a net profit of $5.1 million during Q4 2001. However, in Q1 2002, the retail giant again reported a net loss of $23 million.
It is important to note that fiscal 2004 was the first time when Amazon posted profits in all of its four quarters. The company generated $111 million in Q1, $76 million in Q2, $54 million in Q3 and a whopping $347 million in Q4 2004. This trend continued till fiscal 2011.
The graph also reveals that between fiscal 2001 and 2010, the Washington-based giant performed much better in the fourth quarter compared to the first three-quarters of each of those years.
About Amazon Inc: Additional Information
Amazon.com, Inc. (NASDAQ: AMZN) is an American multinational internet and e-commerce company, founded by Jeff Bezos and is headquartered in Seattle, Washington. The company was initially incorporated on July 5, 1994, as Cadabra, Inc, and reincorporated on May 28, 1996, in the state of Delaware.
In July 1995, Amazon began its service as an online bookstore. However, later it started offering an array of products and services to the people around the world. Today, the online retail behemoth has got hands almost in every business related to tech, from retail e-commerce to cloud computing and IoT.
On May 15, 1997, Amazon completed its initial public offering (IPO) of 3,000,000 shares of its common stock, at a price of $18.00 per share.
Amazon’s major products and services include Amazon Web Services, Amazon Prime (February 2, 2005) Amazon Music ( September 25, 2007), Amazon Kindle ( November 19, 2007), Amazon Echo (November 6, 2014), Fire Phone (announced on June 18, 2014), etc.
In June 2013, Amazon finally launched its market place in India.
With $97 billion value, Amazon ranks 4th among the world’s most valuable brands 2019 by Forbes.
The above graph is a part of Dazeinfo GraphFarm – the most trusted source of hundreds of thousands of market graphs. Our team of researchers mines millions of data points every month to bring the most updated and validated set of data points representing the comprehensive view in a graphical format. From mobile to e-commerce, from Retail to healthcare, from startups to SMEs we have carefully designed thousands of graphs for those who value and understand the importance of data visualisation.