The chart above displays the quarterly net income of Amazon from 2020 to 2023. Amazon has generated a net income of $3,172 million in the first quarter of 2023 compared to a net loss of $3,844 million in the prior year.
Compared to 2022, Amazon’s financial performance has been significantly better in 2023. Amazon incurred heavy net losses during the first two quarters of 2022. In the fourth quarter of 2022, its net income was only $278 million. However, in 2023, it has seen its net income rise significantly. During the first two quarters, it generated $3.17 billion and $6.75 billion in net income respectively.
Net income of Amazon (quarterly) 2011-2023.
Amounts are in millions.
FY 2023
Net Income (millions)
Q1
$3,172
Q2
$6,750
Fiscal year 2022 remained both a good and bad year for Amazon. The company generated more than $500 billion in net sales for the first time in its history. However, it incurred net losses worth $2.7 billion in 2022. Fiscal 2023 has opened with improved financial performance. Amazon’s net income in the first quarter of 2023 was $3,172 million compared to a net loss of $3,844 million in the same quarter of the prior year.
FY 2022
Net Income (millions)
Q1
$(3,844)
Q2
$(2,028)
Q3
$2,872
Q4
$278
Total
$(2,722)
FY 2021
Net Income (millions)
Q1
$8,107
Q2
$7,778
Q3
$3,156
Q4
$14,323
Total
$33,364
Amazon’s financial performance remained solid in fiscal 2021, when it generated total more than $33 billion in net income. In the fourth quarter of the fiscal particularly, the company generated $14.3 billion in net income compared to $7.2 billion in the same quarter of the previous year.
FY 2020
Net Income ($mn)
Q1
$2,535
Q2
$5,243
Q3
$6,331
Q4
$7,222
Total
$21,331
Again in 2020, Amazon generated its highest ever quarterly net income. In the fourth quarter of 2020, Amazon generated $7.222 billion in net income and $6.331 in the third quarter of 2020.
2019
Net Income ($mn)
Q1
$3,561
Q2
$2,625
Q3
$2,134
Q4
$3,268
Total
$11,588
Amazon recorded its highest ever quarterly net income in the first quarter of 2019 when it generated $3.6 billion in net income. During the 4th quarter of 2019, the net income of Amazon was $3.3 billion.
FY 2018
Net Income (millions)
Q1
$1,629
Q2
$2,534
Q3
$2,883
Q4
$3,027
FY 2017
Net Income (Millions)
Q1
724
Q2
197
Q3
256
Q4
1,856
FY 2016
Net Income (Millions)
Q1
513
Q2
857
Q3
252
Q4
749
FY 2015
Net Income (Millions)
Q1
724
Q2
197
Q3
256
Q4
1,856
FY 2014
Net Income (Millions)
Q1
108
Q2
(126)
Q3
(437)
Q4
214
FY 2013
Net Income (Millions)
Q1
82
Q2
(7)
Q3
(41)
Q4
239
FY 2012
Net Income (Millions)
Q1
130
Q2
7
Q3
(274)
Q4
97
FY 2011
Net Income (Millions)
Q1
201
Q2
191
Q3
63
Q4
177
About Amazon:
Amazon (NASDAQ: AMZN) is the largest ecommerce brand as well as one of the leading cloud services brand. The company which was founded in 1994 has seen enormous growth over the last five years and has greatly extended its range of cloud based services. Amazon has its headquarters in Seattle, Washington, United States. The CEO of Amazon is Jeff Bezos. Amazon Web Services (AWS) is the cloud services platform of Amazon. Amazon is also the largest R&D spender in the entire industry. The company has divided its business into three main segments that include Amazon North America, Amazon International and AWS.