Amazon.com (AMZN) FY2024 results: revenue $638.0 billion, up 11.0% on the year
Amazon.com Inc. (AMZN) reported revenue of $638.0 billion for fiscal 2024, the year ended 31 December 2024, up 11.0% on the year before. Net income was $59.2 billion, up 94.7%, and diluted earnings per share $5.53. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2025.
Revenue
$638.0 billion
+11.0% on the year
FY2017FY2024
Operating margin
10.8%
6.4% a year earlier
FY2017FY2024
Net income
$59.2 billion
+94.7% on the year
FY2017FY2024
Diluted EPS
$5.53
+90.7% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
115,877
84,946
46,752
+36.4%
Capital expenditure
82,999
52,729
63,645
+57.4%
Free cash flow
32,878
32,217
-16,893
+2.1%
Free cash flow margin
5.2%
5.6%
-3.3%
Cash from investing
-94,342
-49,833
-37,601
Cash from financing
-11,812
-15,879
9,718
Depreciation and amortisation
52,795
48,663
41,921
+8.5%
Share-based compensation
22,011
24,023
19,621
-8.4%
Buybacks
0.0
0.0
6,000
Diluted shares, weighted
10,721m
10,492m
10,189m
+2.2%
Shares outstanding at period end
10,593m
10,383m
10,242m
+2.0%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
285,970
201,875
146,043
+41.7%
Short-term borrowings
151
147
1,200
+2.7%
Debt
58,000
67,182
70,542
-13.7%
Operating lease liabilities
69,050
67,220
61,582
+2.7%
Finance lease liabilities
9,227
10,077
11,386
-8.4%
Other liabilities
202,496
181,353
171,922
+11.7%
Total liabilities and equity
624,894
527,854
462,675
+18.4%
Fixed assets
252,665
n/a
n/a
Goodwill
23,074
22,789
20,288
+1.3%
Intangible assets
8,602
7,687
6,097
+11.9%
Investments
22,423
13,393
16,138
+67.4%
Cash and equivalents
78,779
73,387
53,888
+7.3%
Receivables
55,451
52,253
42,360
+6.1%
Inventory
34,214
33,318
34,405
+2.7%
Other assets
149,686
325,027
289,499
-53.9%
Total assets
624,894
527,854
462,675
+18.4%
10-K for the year ended 31 December 2024, filed 7 February 2025: the filing.