Amazon reported $386 billion in revenue for fiscal year 2020, up 38% from $281 billion in 2019. They reported a net income of $21.3 billion for the year, after paying $364 billion in expenses and provisioning $2.8 billion for income taxes.
Of Amazon’s $386 billion in revenue, retail earned $319 billion, or 86% of the total. $197 billion came from first-party purchases made on Amazon’s website, with another $80.4 billion coming from Amazon’s cut of third-party sellers. Amazon also made $16.2 billion from physical stores, and $25.2 billion from subscription services – namely Amazon Prime, which covers both retail sales and streaming media.
Amazon Web Services made $45.4 billion in 2020, up 29% from $35.1 billion in 2019. Other revenue sources, which includes services like Twitch and IMDB, totaled $21.5 billion for the year.
Cost of sales comprises the biggest expense category for Amazon, totaling $233 billion. They also spent $58.5 billion on fulfillment, $42.7 billion on technology and content, $22 billion on marketing, and $6.7 billion on general and administrative expenses. All-in-all, these add up to $363 billion in operating expenses. After provisioning $2.9 billion for income taxes, Amazon’s net income for 2020 came out to $21.3 billion.
You can read more in Amazon’s full earnings report for Q4 2020.