NASDAQ$AMZN
Amazon.com Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Amazon's Q4 2022 results saw a net sales increase of 9% to $149.2 billion, but operating income decreased to $2.7 billion and net income decreased to $0.3 billion.
Amazon's Q4 2022 net sales increased by 9% to $149.2 billion, while operating income decreased to $2.7 billion, and net income decreased significantly to $0.3 billion, impacted by valuation losses in Rivian Automotive, Inc.
- Net sales increased 9% to $149.2 billion, or 12% excluding foreign exchange impacts.
- North America segment sales increased 13% to $93.4 billion.
- AWS segment sales increased 20% to $21.4 billion.
- Operating income decreased to $2.7 billion, including $2.7 billion of charges.
Headline financials
Revenue & EPS history
Amazon · Revenue · Quarterly
$149B
Revenue by segment
Amazon · $149B total across 3 segments · Q4 2022
- North America$93.4B+13.4%62.6%
- International$34.5B-7.5%23.1%
- AWS$21.4B+20.2%14.3%
Forward guidance
Amazon anticipates net sales between $121.0 billion and $126.0 billion, representing growth between 4% and 8% compared to Q1 2022. Operating income is expected to be between $0 and $4.0 billion.
Tailwinds
- Net sales are expected to grow between 4% and 8% compared with first quarter 2022.
- Guidance anticipates an unfavorable impact of approximately 210 basis points from foreign exchange rates.
- Operating income is expected to be between $0 and $4.0 billion, compared with $3.7 billion in first quarter 2022.
- Guidance assumes no additional business acquisitions.
- Guidance assumes no additional restructurings.
Headwinds
- Our results are inherently unpredictable and may be materially affected by many factors.
- Uncertainty regarding the impacts of the COVID-19 pandemic.
- Fluctuations in foreign exchange rates.
- Changes in global economic and geopolitical conditions and customer demand and spending (including the impact of recessionary fears).
- Inflation, interest rates, regional labor market and global supply chain constraints, world events, the rate of growth of the Internet, online commerce, and cloud services.
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 Q4 2022
+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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