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Amazon Net Income Quarterly

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 2023Net 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 2022Net Income (millions)
Q1$(3,844)
Q2$(2,028)
Q3$2,872
Q4$278
Total$(2,722)

FY 2021Net 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 2020Net 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.

2019Net 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 2018Net Income (millions)
Q1$1,629
Q2$2,534
Q3$2,883
Q4$3,027
FY 2017Net Income (Millions)
Q1724
Q2197
Q3256
Q41,856
FY 2016Net Income (Millions)
Q1513
Q2857
Q3252
Q4749
FY 2015Net Income (Millions)
Q1724
Q2197
Q3256
Q41,856
FY 2014Net Income (Millions)
Q1108
Q2(126)
Q3(437)
Q4214
FY 2013Net Income (Millions)
Q182
Q2(7)
Q3(41)
Q4239
FY 2012Net Income (Millions)
Q1130
Q27
Q3(274)
Q497
FY 2011Net Income (Millions)
Q1201
Q2191
Q363
Q4177

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.