The above graph represents Amazon annual revenue worldwide. From 1996 to 2018, Amazon’s annual revenue increased from nearly $0.016 billion to a whopping $232.89 billion, globally. Amazon’s total revenue in 2018 reached an all-time high of $232.89 billion, globally – representing a massive 30.9% YoY increase.
Growth in Amazon Annual Revenue: History
|Source||Amazon Annual Reports, SEC Filings|
|Last Updated||05 November 2019|
|Note||Amazon Fiscal Year – from January to December|
In July 1995, Amazon opened its first online bookstore. In just five months, the company generated $0.5 million in revenue, globally.
The Washington-based retail giant achieved its first $1-billion revenue milestone in December 1999. The company recorded a whopping 168.9% YoY growth in its annual revenue, increased from 0.6 billion in 1998 to $1.6 billion in 1999.
Amazon took 7 years to achieve another revenue milestone; the annual revenue surpassed $10-billion mark for the first time in 2006, with a considerable 26% YoY growth.
December 2012 was the first time when Amazon posted over $50-billion in annual revenue, globally. A massive $61.1 billion in revenue was generated in 2012, compared to $ $48 billion in the previous year. Interestingly, the fourth quarter alone accounted for nearly 35% of the company’s total revenue in 2012.
It is important to note that Amazon is the fastest company ever to reach $100 billion in annual sales in just 21 years. In 2015, Amazon’s annual revenue increased a notable 20.2% YoY to reach $107 billion, globally, breaking through the $100 billion barrier for the first time in its history. This proves the e-commerce giant has always been witnessing significant year-over-year growth in its annual revenue, by each passing year.
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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