The above graph represents the quarterly distribution of Amazon revenue by groups of Products and Services. Interestingly, Amazon’s online stores accounted for half of the company’s total revenue generated in Q3 2019. The total net sales from online stores increased an impressive 20.6% YoY to in the third quarter of 2019, to $35,039 million ($35 billion). On the other hand, Amazon revenue from Physical stores clocked $4,192 million ($4.2 billion) in Q3 2019, registering a 1.32% year-over-year decline.
Amazon third-party seller services revenue in Q3 2019 increased an appreciable 27% YoY to $13,212 million ($13.2 billion). Approximately 18.9% of the company’s total revenue in the third quarter came from third-party seller services.
Amazon revenue from subscription services and AWS, both reached an all-time high in Q3 2019.
Amazon Products and Services Revenue: History
|Source||Amazon Quarterly Reports, SEC Filings|
|Last Updated||05 November 2019|
|Note||Amazon Fiscal Year – from January to December|
Amazon’s revenue from the third-party seller services (include commissions and any related fulfilment and shipping fees, etc.) has been increasing since the last 3 years. It is the second-largest revenue segment for the online retailer. Over 15% of the company’s total revenue in every quarter comes from the third-party seller services.
It was the first time in Q2 2016 when Amazon quarterly revenue from the third-party seller services crossed the $5 billion mark. Interestingly, the company took only 18 months to achieve another $10 billion revenue milestone.
Amazon Subscription services revenue includes annual and monthly fees associated with Amazon Prime memberships, as well as audiobook, digital video, e-book, digital music, and other non-AWS subscription services. In Q2 2019, Amazon’s quarterly revenue from Subscription services reached an all-time high of $4,676 million, with 37.2% YoY growth.
Similarly, the AWS revenue in Q2 2019 also reached a record-high $8,381 million ($8.4 billion), registering 37.3% YoY growth.
Amazon’s other revenue primarily includes the revenue from advertising services and other service offerings.
About Amazon.com, 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.
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