Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $386,064 | $469,822 | $513,983 | $574,785 | $637,959 |
| Gross Profit | $152,757 | $197,478 | $225,152 | $270,046 | $311,671 |
| Operating Income | $22,899 | $24,879 | $12,248 | $36,852 | $68,593 |
| Net Income | $21,331 | $33,364 | -$2,722 | $30,425 | $59,248 |
Over the five-year period, Amazon’s revenue and gross profit have shown a steady upward trajectory, indicating robust top-line growth and continued efficiency in managing cost of goods sold. Revenue increased from US$386B in 2020 to US$638B in 2024, while gross profit similarly expanded from US$153B to US$312B over the same period. Such consistent growth underscores Amazon’s ability to scale operations within its competitive e-commerce and cloud computing sectors. Operating income experienced notable fluctuations, rising modestly from US$23B in 2020 to US$25B in 2021, then dipping sharply to US$12B in 2022—more than a 50% drop—before rebounding to US$37B in 2023 and surging to US$69B in 2024. This volatility suggests that 2022 was likely an outlier, potentially due to increased investments, changes in operational strategy, or market pressures, which briefly affected profitability despite continued revenue expansion. Net income largely mirrored these trends, with positive figures in 2020 and 2021 (US$21B and US$33B respectively), a significant swing to a US$2.7B loss in 2022, and subsequent strong recoveries to US$30B and US$59B in 2023 and 2024, respectively. The marked negative net income in 2022 represents a notable over-20% (in fact, over 100%) year-over-year decline compared to 2021, which may have been driven by extraordinary factors affecting margins. Overall, despite the temporary setback in 2022, Amazon’s financial performance remains robust. The resumption of growth in both operating and net income in the following years indicates the company’s effective strategic adjustments and continued financial health in a highly competitive and evolving industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.