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The above graph represents Amazon revenue vs net income by year, starting from fiscal 1996 to the recently completed year. The company reported its highest-ever annual revenue of $280,522 million in 2019, with a net profit of $11,588 million. That’s an impressive 20.5% YoY growth in revenue and 15% YoY growth in net profit.
Amazon Annual Revenue and Net Income: History
| Region | Worldwide |
| Source | Amazon Annual Reports, SEC Filings |
| Graph ID | 304 |
| Note | Amazon Fiscal Year starts from January to December |
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.
On the other hand, 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.
As the graph shows, Amazon.com, Inc. had consistently been losing money from fiscal 1994 to 2002. While the revenue increased significantly by each passing year. In fact, in 2000, the company’s net loss increased to a massive $1,411 million, from just $720 million in the previous year. The Seattle-based company reported net loss of $308.4 million in Q1, $317.3 million in Q2, $240.5 million in Q3, and a huge $545.1 million in Q4 2000.
In fiscal 2003, the investors finally took a sigh of relief when the company reported its first profitable year, with a net profit of $35 million.
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.
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.
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