Amazon's net sales rise 10%, net income jumps 88% in Q4
Amazon's net sales and income surged in Q4 2024, growing 10% and 88% respectively compared to 2023, with net sales reaching $187.3 billion and net income hitting $20 billion. The company also reported a yearly increase of 11% in sales and a 94% rise in income, while projecting first-quarter 2025 sales between $151 billion and $155.5 billion.
- Economy
- Anadolu Agency
- Published Date: 09:52 | 07 February 2025
- Modified Date: 10:05 | 07 February 2025
US e-commerce giant Amazon's net sales and net income grew 10% and 88% respectively in the last quarter of 2024 compared to the same period in 2023, according to figures the company released on Thursday.
The company posted a net sales figure of $187.3 billion, exceeding expectations and a net income of $20 billion for the last quarter of 2024.
Meanwhile, net income per diluted share was $1.86 in the fourth quarter of 2024, compared to $1 in the same period of the previous year.
Yearly, Amazon's net sales increased 11% to $638 billion and the net income also grew by 94%, reaching $59.2 billion in 2024, compared to 2023.
In the same period, e-commerce giant's net income per diluted share rose to $5.53 in 2024 from the previous year's $2.9.
Amazon also announced that it expects net sales between $151 billion and $155.5 billion in the first quarter of 2025.