The above graph represents Amazon revenue and net income by quarter, starting from fiscal Q1 1997 to the most recent quarter. Amazon global revenue in Q4 2019 reached an all-time high of $87,437 million, with a net profit of $3,268 million. The company recorded 20.8% YoY and 8% YoY growth in its quarterly revenue and net profit.
Amazon Revenue vs Net Income by Quarter: History
|Source||Amazon Quarterly Reports, SEC Filings|
|Note||Amazon Fiscal Year – from January to December|
One must note that in Q1 2019, the global net income of Amazon reached a record high of $3,561 million ($3.6 billion), representing 118.6% year-over-year growth. During the quarter, the total revenue stood at $59,700 million ($59.7 billion).
Amazon achieved its first $50 billion revenue milestone in Q1 2018; the company’s quarterly revenue increased from $35,714 million ($35.7 billion) in Q1 2017 to a whopping $51,042 million ($51 billion) in Q1 2018. Meanwhile, the net profit also increased from just $724 million to $1,629 million during the same period.
One must note that in fiscal Q4 2001, Amazon achieved two big milestones in terms of revenue and net income; Amazon quarterly revenue crossed $1-billion mark for the first time in Q4 2001. The total revenue increased a 15% YoY to $1,115.2 million ($1.1 billion), globally. On the other hand, the company reported its first-ever profitable quarter in 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.
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.
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