AMZN Q3 2024 Earnings — Income Statement Breakdown
For its Q3 2024 period (ending 2024-09-30), AMZN reported revenue of $158.9B, gross profit of $77.9B (49.0% gross margin), operating income of $17.4B, and net income of $15.3B (9.6% net margin). The flow of revenue into costs and profit is visualized below.
What changed
AMZN was profitable; revenue grew 11.0% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +11.0% | +55.2% | +2.7 pp |
| Quarter over quarter | +7.4% | +13.7% | +0.5 pp |
Consensus estimate data is not available for this report.
AMZN Q3 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $158.9B | 100% |
| Cost of Revenue | −$81.0B | 51.0% |
| Gross Profit | $77.9B | 49.0% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | −$13.3B | 8.4% |
| Other Operating Expenses | −$47.2B | 29.7% |
| Operating Income | $17.4B | 11.0% |
| Interest Expense | −$603M | 0.4% |
| Other Income, net | $1.2B | 0.8% |
| Income Tax Expense | −$2.7B | 1.7% |
| Net Income | $15.3B | 9.6% |
Source: original SEC filing (filed 2024-10-31). Accession 0001018724-24-000158. Data normalized by EarningsFyi.