Amazon: Net Revenue, by year
YearNet revenue,
in billion $US
  • Region: Worldwide
  • Time period: 2004 to 2022
  • Published: Feb 2023

Data Analysis and Insights

Updated: Mar 27, 2024 | Published by: Statistico

Overall Revenue Growth

Amazon's net revenue experienced a significant increase, from $6.92 billion in 2004 to $513.98 billion in 2022, showcasing a remarkable growth trajectory over 18 years.

Annual Growth Rate Variation

The annual growth rate of Amazon's net revenue showed fluctuations, with a peak increase observed between 2020 and 2021, amounting to approximately $83.76 billion, compared to the previous year's growth.

Doubling Revenue Milestones

Amazon's revenue more than doubled from $48.08 billion in 2011 to over $107.01 billion in 2015, highlighting a significant growth phase within four years.

Decadal Growth Comparison

Comparing the decade ending in 2022 to the one ending in 2012, Amazon's net revenue increased from $61.09 billion to $513.98 billion, indicating an over eightfold increase in a decade.

Recent Growth Trends

The most recent years, particularly from 2019 to 2022, have seen a rapid increase in net revenue, with the company adding over $233.46 billion to its annual sales, reflecting strong growth momentum.

Early Years Growth

In its earlier years, between 2004 and 2007, Amazon's revenue grew from $6.92 billion to $14.84 billion, doubling in a span of three years, showcasing the initial stages of its exponential growth.

Acceleration in Revenue Growth

Amazon's revenue growth accelerated significantly in recent years, with the revenue increase between 2021 and 2022 alone being $44.16 billion, illustrating the company's expanding scale and market dominance.

Growth Consistency Over Years

Despite the varying annual growth rates, Amazon consistently increased its net revenue every year, demonstrating a strong and steady growth pattern without any year-over-year declines.

Frequently Asked Questions

What was the increase in Amazon's net revenue from 2018 to 2022?

Amazon's net revenue saw a 122% increase, from $232.89 billion in 2018 to $513.98 billion in 2022.

What was the percentage change in Amazon's annual net revenue growth rate between 2020 and 2021?

Between 2020 and 2021, Amazon's annual net revenue growth rate had an increase of approximately 21.7%.

What was the growth percentage of Amazon's net revenue from 2012 to 2022?

From 2012 to 2022, Amazon's net revenue saw an increase of over 740%.

What are some notable growth milestones for Amazon's net revenue?

Amazon's net revenue crossed the $100 billion mark in 2015 and surpassed $500 billion in 2022.

Terms and Definitions

Amazon is a multinational technology company that focuses on e-commerce, digital streaming, artificial intelligence, and cloud computing. The company was founded by Jeff Bezos and is one of the biggest online marketplaces globally, providing goods ranging from electronics to clothing, to approximately 300 million users worldwide.

Annual sales figures refer to the total revenue a company generates from the sale of its products or services in a given financial year. This statistic does not consider the costs associated with these sales, such as production, marketing, and overhead costs.

Annual sales performance measures how well a company's sales strategy performs over an entire fiscal year. It is usually compared against the company’s sales targets or goals for that period. The performance can provide insights into the effectiveness of the company's sales activities and strategies.

Annual net sales are calculated as a company's gross sales minus its returns, allowances for damaged or missing goods, and any discounts it provides. This value provides a more accurate representation of the company's revenue from sales since it considers factors that reduce total revenue.

E-commerce, or electronic commerce, involves buying and selling goods and services over the internet. It includes online retail or electronic markets, electronic data interchange, and mobile commerce. Amazon is an example of a company engaging heavily in e-commerce.

A fiscal year is a period that a company or government uses for accounting and budgeting purposes. It is used to prepare financial statements. A fiscal year may not coincide with the calendar year and often varies between companies and countries.

Revenue, also known as sales, is the total amount of money a company generates by selling its goods and services. It forms the top line of the income statement before any costs or expense deductions.

In a business context, discounts refer to the reduction in the original selling price of goods or services. Companies can offer discounts as a part of their marketing strategies to attract customers and increase sales volume.

Returns refer to the products that customers send back to the retailer. These can occur due to many reasons including unsatisfactory product, incorrect items delivered, and more. They can affect a company's net sales, since they lead to a reduction in total sales revenue.
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