What Was Amazon’s Net Profit In 2019?

Amazon today reported earnings for its third fiscal quarter of 2019, including revenue of $70.0 billion, net income of $2.1 billion, and earnings per share of $4.23 (compared to revenue of $56.6 billion, net income of $2.9 billion, and earnings per share of $5.75 in Q3 2018).

What was Amazon’s profit in 2019?

Amazon today reported earnings for its fourth fiscal quarter of 2019, including revenue of $87.4 billion, net income of $3.3 billion, and earnings per share of $6.47 (compared to revenue of $72.4 billion, net income of $3 billion, and earnings per share of $6.04 in Q4 2018).

What is Amazon’s annual profit?

Amazon’s cloud business, AWS, is the one segment raking in steady profits with a 7.3 billion U.S. dollar operating income in the most recently reported year. The annual revenue of the business segment came to 25.66 billion U.S. dollars in 2018.

What is Amazon’s most profitable business?

Retail remains Amazon’s primary source of revenue, with online and physical stores accounting for the biggest share. Amazon Advertising Services is one of company’s fastest growing businesses.

How long before Amazon made a profit?

Since June 19, 2000, Amazon’s logotype has featured a curved arrow leading from A to Z, representing that the company carries every product from A to Z, with the arrow shaped like a smile. According to sources, Amazon did not expect to make a profit for four to five years.

What is the monthly income of Amazon?

At the annual earnings rate Business Insider calculated — again, an estimation based on the change in his Forbes net worth year-over-year — Bezos has earned $6.54 billion a month, more than $1.5 billion a week, and more than $215 million a day in the last 12 months.

Why is Amazon’s profit so low?

Amazon intentionally posts low profits because it takes the vast majority of the money it earns and invests it right back into the company so that it will profit all the more in the future.

What is Amazon’s gross profit margin?

Understanding Amazon’s gross margins

Its gross margin increased from 29% in 2014 to 37% in 2017. Its gross profit grew 53% to $42.6 billion in the six months ended June 30, 2018. Its sales growth was affected by the cost of sales for the period.

What is Amazon’s main source of revenue?

Amazon makes money through its retail, subscriptions, and web services, among other channels. Retail remains Amazon’s primary source of revenue, with online and physical stores accounting for the biggest share. Amazon Advertising Services is one of company’s fastest growing businesses.

How much does the CEO of Amazon make?

Jeff Bezos Was Paid $81,840 in 2018.