EI Earnings Insight Lab
Amazon.com Inc.

Amazon.com Inc. Q2 2024 Earnings Analysis

Reported on 2024-08-02 / Fiscal Quarter Q2 2024
Revenue Up YoY Sequential Improvement Margin Improving EPS Up YoY Strong Quarter
Amazon.com Inc. delivered a constructive Q2 2024, with growth supported by improving profitability.

Revenue grew 10.1% year over year and rose 3.3% sequentially. Margins improved from the previous quarter, suggesting stronger cost discipline and operational efficiency. Amazon.com Inc. also posted year-over-year earnings growth, reinforcing a more resilient operating profile.

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Source: Company filings / processed earnings data
Summary Charts Key Takeaways Revenue Analysis Profitability FAQ
Revenue
$148.0B
YoY: 10.1159%
QoQ: 3.2544%
Net Income
$13.5B
YoY: 99.7778%
QoQ: 29.28%
EPS (Diluted)
$1.26
YoY: 93.85%
Net Margin
9.1%
YoY: 4.09 pts
QoQ: 1.83 pts
Gross Margin
50.1%
Operating Margin
9.9%
Growth

Revenue trend

Revenue growth stayed positive, supporting a healthier topline trend.

Profitability

Margin and earnings quality

Margins improved from last quarter, suggesting that cost controls are starting to offset topline weakness.

Investor Focus

What matters next

Investors will continue watching execution quality.

Revenue & YoY Growth

Quarterly

Revenue trend and year-over-year growth across recent reported quarterly periods.

Net Income & Net Margin

Quarterly

Net income and net margin trend over recent reported quarterly periods.

Revenue Analysis

Amazon.com Inc. reported $148.0B in revenue for Q2 2024, up 10.1% YoY and up 3.3% QoQ. Positive year-over-year growth suggests healthier revenue momentum.

Revenue Snapshot
Current Quarter $148.0B
Previous Quarter $143.3B
Same Quarter Last Year $134.4B
YoY Change +10.1%
QoQ Change +3.3%

Profitability Analysis

Net income came in at $13.5B, up 99.8% YoY and up 29.3% QoQ. Net margin was 9.1%. Sequential margin improvement suggests stronger operating discipline despite a mixed revenue environment.

Profitability Snapshot
Net Income $13.5B
EPS $1.26
Net Margin 9.1%
QoQ Margin Change +1.8 pts

Frequently Asked Questions

Quick factual answers for this report. Need the why behind them? Ask the report assistant.

What was Amazon.com Inc.'s revenue in Q2 2024?

Amazon.com Inc. reported revenue of $148.0B in Q2 2024.

What was Amazon.com Inc.'s net income in Q2 2024?

Amazon.com Inc. reported net income of $13.5B in Q2 2024.

How did Amazon.com Inc.'s revenue change year over year?

Amazon.com Inc.'s revenue increased by 10.1% year over year in Q2 2024.

What was Amazon.com Inc.'s net margin in Q2 2024?

Amazon.com Inc.'s net margin was 9.1% in Q2 2024.

Related
Amazon.com Inc. Q1 2024 Earnings

Compare this quarter with the previous earnings report.
Related
Amazon.com Inc. Company Overview

Explore company profile, industry, and historical context.
Related
Amazon.com Inc. Revenue & Profit Trends

View more quarterly financial trend pages for this company.

Data Source & Methodology

Financial data is sourced from company filings and internal processed earnings data.

YoY and QoQ values are derived from reported quarterly figures when not directly available.

This page is for informational purposes only and does not constitute investment advice.

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