AMZN Q1 2024 Earnings — Income Statement Breakdown
For its Q1 2024 period (ending 2024-03-31), AMZN reported revenue of $143.3B, gross profit of $70.7B (49.3% gross margin), operating income of $15.3B, and net income of $10.4B (7.3% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AMZN was profitable; revenue fell 15.7% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | −15.7% | −1.8% | +1.0 pp |
Consensus estimate data is not available for this report.
AMZN Q1 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $143.3B | 100% |
| Cost of Revenue | −$72.6B | 50.7% |
| Gross Profit | $70.7B | 49.3% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | −$12.4B | 8.7% |
| Other Operating Expenses | −$43.0B | 30.0% |
| Operating Income | $15.3B | 10.7% |
| Other Income, net | −$2.4B | 1.7% |
| Income Tax Expense | −$2.5B | 1.7% |
| Net Income | $10.4B | 7.3% |
Source: original SEC filing (filed 2024-04-30). Accession 0001018724-24-000081. Data normalized by EarningsFyi.