Amazon: annual net income 2004-2019
In 2019, online retail platform Amazon reported a net income of 11.59 billion U.S. dollars, up from a 10 billion U.S. dollar net income in the previous year. During the same fiscal period, the company’s revenue amounted to more than 280.5 billion U.S. dollars.
Amazon’s other businesses Due to the company’s financial resources, Amazon has the capability to invest in new products and markets, such as online and offline grocery sales. In June 2017, Amazon purchased grocery retailer Whole Foods Market for 13.7 billion U.S. dollars, the company’s most expensive acquisition by far. This acquisition was primarily a move to expand the company's online grocery business, one of the fastest growing online shopping trends in the United States.
Amazon Web Services
The Seattle-based company does not rely on retailing alone to generate profits. 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. As of the fourth quarter 2018, Amazon Web Services accounted for 34 percent of the global cloud infrastructure service market.Amazon’s other businesses Due to the company’s financial resources, Amazon has the capability to invest in new products and markets, such as online and offline grocery sales. In June 2017, Amazon purchased grocery retailer Whole Foods Market for 13.7 billion U.S. dollars, the company’s most expensive acquisition by far. This acquisition was primarily a move to expand the company's online grocery business, one of the fastest growing online shopping trends in the United States.
