NASDAQ$AMZN
Amazon.com Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Amazon's Q3 2024 results showcased strong growth and profitability.
Amazon reported a strong third quarter with net sales increasing by 11% to $158.9 billion and operating income rising to $17.4 billion, a significant increase from $11.2 billion in the same quarter last year. Net income also saw a substantial increase to $15.3 billion, or $1.43 per diluted share, compared to $9.9 billion, or $0.94 per diluted share, in Q3 2023.
- Net sales increased by 11% to $158.9 billion, driven by growth across all segments.
- Operating income surged to $17.4 billion, reflecting improved profitability.
- AWS segment operating income grew to $10.4 billion, highlighting the continued strength in cloud services.
- Net income rose to $15.3 billion, or $1.43 per diluted share, showcasing strong overall financial performance.
Headline financials
Revenue & EPS history
Amazon · Revenue · Quarterly
$159B
Revenue by segment
Amazon · $182B total across 3 segments · Q1 2026
- North America$104B—57.4%
- International$39.8B—21.9%
- AWS$37.6B—20.7%
Forward guidance
Amazon anticipates net sales between $181.5 billion and $188.5 billion, representing a growth of 7% to 11% compared to Q4 2023. Operating income is projected to be between $16.0 billion and $20.0 billion, compared to $13.2 billion in the fourth quarter of 2023.
Tailwinds
- Net sales are expected to grow between 7% and 11% compared to Q4 2023.
- Operating income is expected to increase significantly compared to Q4 2023.
- Guidance reflects continued strong performance and growth trajectory.
- Anticipates an unfavorable impact of approximately 10 basis points from foreign exchange rates.
- Expects continued growth in key segments and overall market share.
Headwinds
- Guidance is subject to substantial uncertainty due to various factors.
- Fluctuations in foreign exchange rates could impact results.
- Changes in global economic and geopolitical conditions may affect performance.
- Customer demand and spending could be influenced by recessionary fears.
- Inflation and interest rates may pose challenges.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2024
+0.7%
Avg return
Earnings day
-0.0%
Avg return
5 days after
+0.5%
Avg return
30 days after
47%
31 / 66 earnings
Positive
+18.4%
Q1 2012
Best reaction
-10.6%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.0% | +4.0% | +2.9% | |
| Q4 2025 | -5.6% | -8.4% | -4.3% | |
| Q3 2025 | +1.9% | +12.3% | +4.6% | |
| Q2 2025 | -6.2% | -5.0% | -2.2% | |
| Q1 2025 | -0.2% | -0.8% | +7.8% | |
| Q4 2024 | -4.1% | -4.1% | -16.6% | |
| Q3 2024 | +2.7% | +3.5% | +7.9% | |
| Q2 2024 | -10.2% | -13.4% | -4.5% | |
| Q1 2024 | -1.1% | +2.9% | -0.9% | |
| Q4 2023 | +10.7% | +9.0% | +14.8% | |
| Q3 2023 | +5.2% | +9.6% | +20.9% | |
| Q2 2023 | +8.9% | +9.1% | +7.7% | |
| Q1 2023 | +0.4% | -1.3% | +14.4% | |
| Q4 2022 | -1.7% | -2.9% | -9.7% | |
| Q3 2022 | -10.6% | -16.3% | -19.2% | |
| Q2 2022 | +11.6% | +10.9% | +8.1% | |
| Q1 2022 | -10.1% | -10.1% | -16.7% | |
| Q4 2021 | +4.7% | +7.2% | -3.3% | |
| Q3 2021 | -0.6% | -2.4% | +3.3% | |
| Q2 2021 | -8.3% | -7.3% | -7.7% | |
| Q1 2021 | +0.3% | -4.2% | -6.8% | |
| Q4 2020 | -0.9% | +0.3% | -10.9% | |
| Q3 2020 | -4.0% | -3.6% | +1.0% | |
| Q2 2020 | +4.3% | +3.5% | +12.1% | |
| Q1 2020 | -3.7% | -2.3% | +2.9% | |
| Q4 2019 | +8.1% | +10.3% | +1.4% | |
| Q3 2019 | -0.0% | +0.0% | -0.9% | |
| Q2 2019 | -2.9% | -5.1% | -12.6% | |
| Q1 2019 | +2.6% | +1.3% | -4.1% | |
| Q4 2018 | -2.6% | -0.7% | +0.1% | |
| Q3 2018 | -1.3% | -8.0% | -9.7% | |
| Q2 2018 | -2.5% | -4.6% | +2.2% | |
| Q1 2018 | +7.7% | +8.4% | +10.3% | |
| Q4 2017 | -1.4% | -0.6% | +3.4% | |
| Q3 2017 | +13.2% | +13.6% | +21.9% | |
| Q2 2017 | -3.1% | -5.4% | -10.2% | |
| Q1 2017 | +1.7% | +4.1% | +9.5% | |
| Q4 2016 | -2.7% | -2.4% | +2.1% | |
| Q3 2016 | -5.6% | -4.5% | -5.1% | |
| Q2 2016 | +3.0% | +3.2% | +4.4% | |
| Q1 2016 | +8.7% | — | — | |
| Q4 2015 | +0.6% | — | — | |
| Q3 2015 | +7.8% | — | — | |
| Q2 2015 | +8.4% | — | — | |
| Q1 2015 | +14.2% | — | — | |
| Q4 2014 | +16.6% | — | — | |
| Q3 2014 | -8.3% | — | — | |
| Q2 2014 | -9.5% | — | — | |
| Q1 2014 | -6.4% | — | — | |
| Q4 2013 | -6.7% | — | — | |
| Q3 2013 | +11.2% | — | — | |
| Q2 2013 | +4.3% | — | — | |
| Q1 2013 | -5.2% | — | — | |
| Q4 2012 | -1.2% | — | — | |
| Q3 2012 | +4.3% | — | — | |
| Q2 2012 | +9.4% | — | — | |
| Q1 2012 | +18.4% | — | — | |
| Q4 2011 | -6.5% | — | — | |
| Q3 2011 | -9.0% | — | — | |
| Q2 2011 | +4.6% | — | — | |
| Q1 2011 | +6.9% | — | — | |
| Q4 2010 | -8.0% | — | — | |
| Q3 2010 | +2.4% | — | — | |
| Q2 2010 | -1.3% | — | — | |
| Q1 2010 | -1.9% | — | — | |
| Q2 2009 | -10.2% | — | — |
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