Amazon, founded by Jeff Bezos in 1994, has evolved from an online bookstore into a global e-commerce and technology giant. Headquartered in Seattle, the company offers a vast range of products and services, including e-commerce, cloud computing, digital streaming, and artificial intelligence. Amazon’s commitment to customer-centric innovation has driven its success, with services like Prime, AWS, and Kindle becoming integral parts of modern life. Known for disrupting industries, Amazon continues to shape the future of commerce and technology, holding a prominent position as one of the world’s most influential and valuable companies.
Amazon Net Worth
Understanding the financial trajectory of a powerhouse like Amazon (AMZN) involves exploring its market capitalization (net worth) over the past 10 years. Market capitalization is a key metric, calculated by multiplying the current stock price by the number of shares outstanding.
As of June 2024, Amazon Net Worth is $1.90 trillion. This is a huge jump as compare to March 2024, Amazon net worth which was $1644.35 billion. This figure encapsulates the company’s continuous evolution and financial prowess. Also, have a look at Amazon’s net worth year over year.
Amazon net worth 2023
The financial year end (March 2022-23) Amazon’s net income had a impressive $37.684 billion, with a staggering 777.6% year-over-year increase. The major contribution was seen at the end of quarter, where Amazon net income surge to $10.43 Billion which was 228% growth same quarter previous year. One of the reasons why there was a 777% increase net income was due to the drop of 1217% on the financial year 2021-22.
Revenue Insights:
Delving deeper into Amazon’s financial performance, revenue figures provide a comprehensive view:
- Quarterly Revenue (Q3 2023): Amazon generated $143.083 billion, showcasing a robust 12.57% increase compared to the same quarter in the previous year.
- Twelve-Month Revenue (Ending Q3 2023): Over the twelve months ending September 30, 2023, Amazon’s revenue reached an impressive $554.028 billion, reflecting a substantial 10.32% year-over-year growth.
Annual Revenue Highlights:
- 2022: Amazon’s annual revenue for 2022 reached $513.983 billion, marking a notable 9.4% increase from the preceding year.
- 2021: The year 2021 witnessed Amazon’s annual revenue climb to $469.822 billion, indicating a substantial 21.7% surge compared to 2020.
- 2020: Amazon’s annual revenue for 2020 stood at $386.064 billion, showcasing a remarkable 37.62% increase from 2019.
Analyzing the year-over-year growth of Amazon’s annual stock prices reveals a compelling trajectory of significant expansion and value appreciation over the years. Here are some key observations:
- Consistent Upward Trend: Amazon has consistently demonstrated a positive growth trend in its annual stock prices over the past two decades. From the late 1990s to the present, there is a clear pattern of increasing stock values, indicating the company’s sustained success.
- Remarkable Growth in Recent Years: The most recent years, particularly from 2015 to 2024, showcase a remarkable surge in Amazon’s stock prices. The yearly average prices, year highs, and year closes all exhibit substantial growth, reaching unprecedented levels in 2024.
- Challenges in the Early 2000s: The early 2000s presented challenges for Amazon’s stock prices, with the aftermath of the dot-com bubble evident in the dip during 2001-2002. However, the company rebounded and experienced a strong recovery in subsequent years.
- Strategic Growth in the 2010s: The 2010s saw strategic growth for Amazon, with the company achieving a balance between expanding its business operations and delivering consistent shareholder value. The stock prices reflect this stability and upward trajectory during the decade.
- Investor Confidence: The consistent growth and overall positive trend in Amazon’s stock prices suggest strong investor confidence in the company’s performance and future prospects. Investors seem to perceive Amazon as a reliable and valuable investment.
- Volatility in the Early Years: The early years, particularly in the late 1990s, were marked by significant volatility, common in the nascent stages of tech companies. However, Amazon managed to navigate this volatility and establish itself as a major player in the e-commerce and technology industries
| Year | Yearly Average Price | Year High | Year Low | Year Close |
|---|---|---|---|---|
| 2024 | $152.80 | $159.12 | $144.57 | 159.12 |
| 2023 | $121.37 | $154.07 | $83.12 | 151.94 |
| 2022 | $125.80 | $170.00 | $81.82 | 84 |
| 2021 | $166.79 | $186.12 | $147.24 | 166.3164 |
| 2020 | $133.72 | $176.15 | $83.63 | 162.4552 |
| 2019 | $89.24 | $100.81 | $74.83 | 92.17 |
| 2018 | $81.89 | $101.73 | $59.31 | 74.9181 |
| 2017 | $48.29 | $59.65 | $37.59 | 58.333 |
| 2016 | $34.89 | $42.12 | $24.05 | 37.4034 |
| 2015 | $23.85 | $34.62 | $14.31 | 33.7133 |
| 2014 | $16.59 | $20.30 | $14.32 | 15.4802 |
| 2013 | $14.87 | $20.17 | $12.38 | 19.8916 |
| 2012 | $10.99 | $13.05 | $8.78 | 12.5134 |
| 2011 | $9.81 | $12.31 | $8.03 | 8.6342 |
| 2010 | $6.94 | $9.22 | $5.42 | 8.9784 |
| 2009 | $4.35 | $7.10 | $2.42 | 6.7098 |
| 2008 | $3.49 | $4.80 | $1.75 | 2.5578 |
| 2007 | $3.35 | $5.03 | $1.82 | 4.6209 |
| 2006 | $1.79 | $2.39 | $1.30 | 1.9683 |
| 2005 | $1.99 | $2.47 | $1.58 | 2.3518 |
| 2004 | $2.17 | $2.85 | $1.69 | 2.2092 |
| 2003 | $1.88 | $2.99 | $0.98 | 2.6247 |
| 2002 | $0.82 | $1.21 | $0.46 | 0.9422 |
| 2001 | $0.61 | $1.09 | $0.30 | 0.5397 |
| 2000 | $2.32 | $4.46 | $0.76 | 0.7761 |
| 1999 | $3.45 | $5.32 | $2.13 | 3.7974 |
| 1998 | $0.78 | $2.93 | $0.21 | 2.6711 |
Analyzing the Growth Trajectory:
Amazon’s consistent year-over-year revenue growth, coupled with its soaring net worth, underscores the company’s strategic positioning and resilience in the ever-evolving market.
This interactive historical net worth chart serves as a testament to Amazon’s financial ascent over the past decade. The company’s ability to adapt, innovate, and expand its market presence has positioned it as a global leader in the e-commerce and technology landscape.
As we navigate through Amazon’s financial journey, it becomes evident that the company’s success is not merely a result of its past performance but is indicative of its potential for future growth and continued market influence.
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