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Sep 30, 2024
Amazon Q3 2024 Earnings Report
Amazon's Q3 2024 results showcased strong growth and profitability.
Key Takeaways
Amazon reported a strong third quarter with net sales increasing by 11% to $158.9 billion and operating income rising to $17.4 billion, a significant increase from $11.2 billion in the same quarter last year. Net income also saw a substantial increase to $15.3 billion, or $1.43 per diluted share, compared to $9.9 billion, or $0.94 per diluted share, in Q3 2023.
Net sales increased by 11% to $158.9 billion, driven by growth across all segments.
Operating income surged to $17.4 billion, reflecting improved profitability.
AWS segment operating income grew to $10.4 billion, highlighting the continued strength in cloud services.
Net income rose to $15.3 billion, or $1.43 per diluted share, showcasing strong overall financial performance.
Amazon
Amazon
Amazon Revenue by Segment
Amazon Revenue by Geographic Location
Revenue by Segment
North America Revenue
CapyFin.comInternational Revenue
CapyFin.comAWS Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Amazon anticipates net sales between $181.5 billion and $188.5 billion, representing a growth of 7% to 11% compared to Q4 2023. Operating income is projected to be between $16.0 billion and $20.0 billion, compared to $13.2 billion in the fourth quarter of 2023.
Positive Outlook
- Net sales are expected to grow between 7% and 11% compared to Q4 2023.
- Operating income is expected to increase significantly compared to Q4 2023.
- Guidance reflects continued strong performance and growth trajectory.
- Anticipates an unfavorable impact of approximately 10 basis points from foreign exchange rates.
- Expects continued growth in key segments and overall market share.
Challenges Ahead
- Guidance is subject to substantial uncertainty due to various factors.
- Fluctuations in foreign exchange rates could impact results.
- Changes in global economic and geopolitical conditions may affect performance.
- Customer demand and spending could be influenced by recessionary fears.
- Inflation and interest rates may pose challenges.
Revenue & Expenses
Visualization of income flow from segment revenue to net income