Executive Summary
In Q3 2024, Amazon.com Inc (AMZN) delivered impressive financial results with revenue reaching $158.9 billion, marking an 11% increase year-over-year, adjusted for foreign exchange impacts. This growth is attributed to strong performance across the North America and International segments, with 9% and 12% revenue growth respectively. Operating income soared to $17.4 billion, up an impressive 56% year-over-year, reflecting the company's focus on operational efficiencies despite ongoing economic challenges. CEO Andy Jassy highlighted the $14.3 billion revenue generated from advertising, driven by robust customer engagement and innovative advertising solutions. Additionally, Amazon's commitment to enhancing its supply chain and reducing costs has yielded significant advantages, placing the company in a favorable position as it heads into the holiday shopping season.
Key Performance Indicators
Revenue
158.88B
QoQ: 7.37% | YoY:11.04%
Gross Profit
77.90B
49.00% margin
QoQ: 5.00% | YoY:14.46%
Operating Income
17.41B
QoQ: 18.67% | YoY:55.62%
Net Income
15.33B
QoQ: 13.67% | YoY:55.16%
EPS
1.46
QoQ: 13.18% | YoY:52.08%
Revenue Trend
Margin Analysis
Key Insights
- **Total Revenue:** $158.9 billion (YoY: +11%, QoQ: +7.37%)
- **Gross Profit:** $77.9 billion (YoY: +14.46%, QoQ: +5.00%)
- **Operating Income:** $17.4 billion (YoY: +55.62%, QoQ: +18.67%)
- **Net Income:** $15.3 billion (YoY: +55.16%, QoQ: +13.67%)
- **EPS (Diluted):** $1.43 (YoY: +52.08%, QoQ: +13.18%)