Amazon Q4 2024 Earnings Report

Key Takeaways

Amazon reported strong Q4 2024 results, with net sales increasing by 10% year-over-year to $187.8 billion. Operating income surged to $21.2 billion, and net income nearly doubled to $20.0 billion. AWS segment revenue grew 19% to $28.8 billion, contributing significantly to profitability.

Total Revenue

$188B

Previous year: $170B

+10.5%

EPS

$1.86

Previous year: $1

+86.0%

Operating Margin

11.29%

Previous year: 7.77%

+45.3%

AWS Operating Income

$10.6B

Previous year: $7.17B

+48.3%

North America Operating Income

$9.26B

Previous year: $6.46B

+43.3%

Cash and Equivalents

$78.8B

Free Cash Flow

$38.1B

Total Assets

$625B

Amazon Revenue

Amazon EPS

Amazon Revenue by Segment

Amazon Revenue by Geographic Location

Forward Guidance

Amazon expects Q1 2025 revenue to be between $151.0 billion and $155.5 billion, reflecting 5-9% growth. Operating income is projected between $14.0 billion and $18.0 billion, compared to $15.3 billion in Q1 2024.

Positive Outlook

Continued strong AWS revenue growth and cloud computing leadership.
Higher operating margins and efficiency improvements.
Strong demand for e-commerce and third-party seller services.
Expanding advertising business with increasing profitability.
Improved international segment profitability.

Challenges Ahead

Unfavorable foreign exchange impact expected in Q1 2025.
Macroeconomic uncertainties affecting consumer spending.
Potential regulatory challenges in key international markets.
Higher investment in technology and infrastructure.
Competition in the cloud computing and e-commerce sectors.