Amazon Revenue: $470 Billion in 2021

Amazon reported $470 billion in revenue for fiscal year 2020, up 22% from $386 billion in 2019. They reported a net income of $33.3 billion for the year, after paying $445 billion in operating expenses and provisioning $4.8 billion for income taxes.

Of Amazon’s $470 billion in revenue, $222 billion came from product sales – down 1% from 2020. Physical stores comprised $17 billion in revenue (up 17% year-over-year), with third party seller services bringing in another $103 billion for Amazon (up 11%).

Amazon Web Services brought in $62 billion in revenue, +40% year-over-year – making it Amazon’s fastest-growing revenue segment, comprising 13% of Amazon’s total revenue. Subscription services made $32 billion (+15%), and advertising services made $31 billion (+32%). “Other” revenue channels brought in $2 billion.

Cost of sales comprises the biggest expense category for Amazon, totaling $272 billion. They also spent $75 billion on fulfillment, $56 billion on technology and content, $33 billion on marketing, and $8.8 billion on general and administrative expenses. All-in-all, these add up to $445 billion in operating expenses. After provisioning $4.8 billion for income taxes, Amazon’s net income for 221 came out to $33.4 billion.

You can read more in Amazon’s full earnings report for Q4 2021.

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Michael X. Heiligenstein

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