"We welcomed notable brands to our store throughout 2024, including Clinique, Estee Lauder, Aura Rings, and Armani Beauty."
— Andy Jassy
03Detailed Report
AMZN
Amazoncom Inc
Period
Q4 2024
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedMay 14, 2026
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Executive Summary
Amazon.com Inc (AMZN) delivered impressive Q4 2024 results, reporting revenue of $187.8 billion, a 10% increase from the previous year, which suggests strong consumer demand notwithstanding foreign exchange challenges. Notably, the company's operating income surged to $21.2 billion, reflecting a 61% year-over-year growth and showcasing significant operational efficiencies across segments. Key highlights include the exceptional growth in AWS revenue, which increased by 19%, and the successful extension of Prime delivery services, adding momentum to both retail and membership segments. Looking ahead, Amazon remains committed to enhancing customer experiences and driving innovations that position it strongly in the competitive landscape.
Key Performance Indicators
Revenue
Increasing
187.79B
QoQ: 18.20% | YoY: 10.49%
Gross Profit
Increasing
84.51B
45.00% margin
QoQ: 8.48% | YoY: 9.17%
Operating Income
Increasing
21.20B
QoQ: 21.78% | YoY: 60.52%
Net Income
Increasing
20.00B
QoQ: 30.51% | YoY: 88.29%
EPS
Increasing
1.90
QoQ: 30.14% | YoY: 84.47%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue Analysis: Q4 2024 revenue reached $187.8 billion, driven by a 10% year-over-year increase, though it faced a $900 million foreign exchange headwind. Excluding this, year-over-year growth was effectively 11%. Q4 saw total operating income rise to $21.2 billion, with a notable increase of 61% from Q4 2023.
Key Ratios:
- Operating Margin: 11.2%
- Net Profit Margin: 10.7%
- ROE: 7.00%
- Current Ratio: 1.064
Profitability Trends: Net income significantly increased by 88.29% year over year to reach $20 billion, with EPS at $1.90, reflecting a robust demand and effective cost management strategies.
Cash Flow: Trailing twelve-month free cash flow adjusted for equipment finance leases was reported at $36.2 billion, indicating healthy cash generation capabilities.
Quarter-over-Quarter Performance: Compared to Q3 2024, total revenue increased by 18.20% and net income by 30.51%, demonstrating consistent upward momentum.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
187.79B
10.49%
18.20%
Gross Profit
84.51B
9.17%
8.48%
Operating Income
21.20B
60.52%
21.78%
Net Income
20.00B
88.29%
30.51%
EPS
1.90
84.47%
30.14%
Key Financial Ratios
Gross Profit Margin
Good
45.00%
Gross profit margin is healthy and competitive within industry standards
Operating Profit Margin
Fair
11.30%
Operating margin is moderate, room for improvement in cost management
Net Profit Margin
Good
10.70%
Net profit margin is healthy and competitive within industry standards
Return on Assets
Fair
3.20%
Return on assets is acceptable but below top-tier companies
Return on Equity
Fair
7.00%
Return on equity is acceptable but below top-tier companies
Current Ratio
Adequate
1.06
Current ratio meets minimum requirements but limited cushion
Debt to Equity
Moderate
0.46
Debt-to-equity indicates balanced capital structure with manageable debt
P/E Ratio
Growth
28.93x
Elevated P/E suggests growth expectations or premium valuation
Price to Book
High Premium
8.10x
Very high premium suggests asset-light business model or lofty expectations
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