AMZN Q2 2024 Earnings — Income Statement Breakdown
For its Q2 2024 period (ending 2024-06-30), AMZN reported revenue of $148.0B, gross profit of $74.2B (50.1% gross margin), operating income of $14.7B, and net income of $13.5B (9.1% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AMZN was profitable; revenue grew 3.3% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +3.3% | +29.3% | +1.8 pp |
Consensus estimate data is not available for this report.
AMZN Q2 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $148.0B | 100% |
| Cost of Revenue | −$73.8B | 49.9% |
| Gross Profit | $74.2B | 50.1% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | −$13.6B | 9.2% |
| Other Operating Expenses | −$46.0B | 31.1% |
| Operating Income | $14.7B | 9.9% |
| Interest Expense | −$589M | 0.4% |
| Other Income, net | $1.2B | 0.8% |
| Income Tax Expense | −$1.8B | 1.2% |
| Net Income | $13.5B | 9.1% |
Source: original SEC filing (filed 2024-08-01). Accession 0001018724-24-000128. Data normalized by EarningsFyi.