The above graph represents Amazon net income by year, starting from fiscal 1996 to 2020. The Washington based company reported its highest-ever annual net profit of $21,331 million in 2020, with an astonishing 84.1% YoY growth. Over 33.9% of that generated during the three months ended December 31, 2020.
Amazon Annual Net Income: History
|Source||Amazon Annual Reports, SEC Filings|
|Note||Amazon Fiscal Year starts from January|
As the graph shows, the global net loss of Amzon.com, Inc. had consistently increased from fiscal 1996 to 2000. In fact, in 2000, the company reported its highest-ever net loss of $1,411 million. However, the company’s investor finally took a sigh of relief in 2003 when the company reported its first profitable year, with a net income of $35 million. Surprisingly, after one year, the net profit of Amazon increased an astonishing 1580% in 2014, to $588 million.
Interestingly, the year 2010 was the first time when Amazon’s net income crossed the $1 billion mark. However, after that, it had started declining until 2016 when the company once again achieved another milestone of hitting the $2 billion mark in its net income.
In 2018, Amazon achieved over $10 billion in net profit, globally. The total net profit increased an eye-popping 232.1% YoY to $10,073 million. This is mainly due to the net profit of $3,027 million the company posted in the last quarter of 2018.
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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