Stock Analysis on Net

Amazon.com Inc. (NASDAQ:AMZN)

Analysis of Profitability Ratios
Quarterly Data

Microsoft Excel

Profitability Ratios (Summary)

Amazon.com Inc., profitability ratios (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Return on Sales
Gross profit margin 48.41% 48.04% 47.59% 46.98% 46.24% 45.53% 44.73% 43.81% 43.04% 42.65% 42.14% 42.03% 41.31% 40.68% 40.01% 39.57% 40.22% 40.27% 40.64% 40.99%
Operating profit margin 9.77% 9.00% 8.02% 6.41% 4.76% 3.29% 2.54% 2.38% 2.58% 3.15% 4.12% 5.30% 6.18% 6.68% 6.63% 5.93% 5.72% 5.24% 4.76% 5.18%
Net profit margin 8.04% 7.35% 6.38% 5.29% 3.62% 2.43% 0.82% -0.53% 2.25% 2.39% 4.48% 7.10% 5.73% 6.64% 6.42% 5.53% 4.99% 4.10% 3.56% 4.13%
Return on Investment
Return on equity (ROE) 19.24% 18.79% 17.39% 15.07% 10.97% 7.75% 2.78% -1.86% 8.24% 8.83% 15.98% 24.13% 21.78% 25.64% 26.04% 22.84% 20.99% 17.88% 16.18% 18.67%
Return on assets (ROA) 8.53% 8.01% 7.10% 5.76% 4.12% 2.74% 0.92% -0.59% 2.64% 2.77% 5.21% 7.93% 6.87% 8.17% 8.33% 6.64% 6.16% 5.10% 4.77% 5.14%

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Amazon.com Inc. gross profit margin ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Amazon.com Inc. operating profit margin ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Amazon.com Inc. net profit margin ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Amazon.com Inc. ROE improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
ROA A profitability ratio calculated as net income divided by total assets. Amazon.com Inc. ROA improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Gross Profit Margin

Amazon.com Inc., gross profit margin calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Gross profit 77,900 74,192 70,680 77,408 68,061 65,010 59,567 63,564 56,833 54,810 49,945 54,577 47,882 48,904 46,115 46,271 39,039 36,252 31,195 33,460 28,679 27,067 25,780
Net sales 158,877 147,977 143,313 169,961 143,083 134,383 127,358 149,204 127,101 121,234 116,444 137,412 110,812 113,080 108,518 125,555 96,145 88,912 75,452 87,437 69,981 63,404 59,700
Profitability Ratio
Gross profit margin1 48.41% 48.04% 47.59% 46.98% 46.24% 45.53% 44.73% 43.81% 43.04% 42.65% 42.14% 42.03% 41.31% 40.68% 40.01% 39.57% 40.22% 40.27% 40.64% 40.99%
Benchmarks
Gross Profit Margin, Competitors2
Home Depot Inc. 33.42% 33.49% 33.51% 33.53% 33.51% 33.53% 33.58% 33.63% 33.72% 33.72% 33.94% 33.95% 34.03% 34.10% 34.06% 34.09% 34.13% 34.20% 34.26% 34.34%
Lowe’s Cos. Inc. 33.33% 33.25% 33.14% 33.23% 33.38% 33.33% 33.49% 33.30% 33.06% 32.97% 33.06% 33.01% 32.94% 32.89% 32.23% 31.80% 31.85% 31.47% 31.72% 32.12%
TJX Cos. Inc. 28.99% 28.48% 27.85% 27.61% 27.92% 28.03% 28.45% 28.50% 28.78% 28.91% 27.61% 23.66% 23.97% 23.61% 25.04% 28.46% 28.30% 28.32% 28.49% 28.59%

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Gross profit margin = 100 × (Gross profitQ3 2024 + Gross profitQ2 2024 + Gross profitQ1 2024 + Gross profitQ4 2023) ÷ (Net salesQ3 2024 + Net salesQ2 2024 + Net salesQ1 2024 + Net salesQ4 2023)
= 100 × (77,900 + 74,192 + 70,680 + 77,408) ÷ (158,877 + 147,977 + 143,313 + 169,961) = 48.41%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Amazon.com Inc. gross profit margin ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Operating Profit Margin

Amazon.com Inc., operating profit margin calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Operating income 17,411 14,672 15,307 13,209 11,188 7,681 4,774 2,737 2,525 3,317 3,669 3,460 4,852 7,702 8,865 6,873 6,194 5,843 3,989 3,880 3,157 3,084 4,420
Net sales 158,877 147,977 143,313 169,961 143,083 134,383 127,358 149,204 127,101 121,234 116,444 137,412 110,812 113,080 108,518 125,555 96,145 88,912 75,452 87,437 69,981 63,404 59,700
Profitability Ratio
Operating profit margin1 9.77% 9.00% 8.02% 6.41% 4.76% 3.29% 2.54% 2.38% 2.58% 3.15% 4.12% 5.30% 6.18% 6.68% 6.63% 5.93% 5.72% 5.24% 4.76% 5.18%
Benchmarks
Operating Profit Margin, Competitors2
Home Depot Inc. 14.51% 14.88% 15.19% 15.27% 15.33% 15.30% 15.20% 15.24% 15.10% 14.79% 14.70% 13.84% 14.01% 13.99% 13.85% 14.37% 14.26% 14.31% 14.36% 14.35%
Lowe’s Cos. Inc. 12.83% 10.51% 10.60% 10.47% 10.74% 12.76% 12.72% 12.56% 12.36% 11.79% 11.55% 10.77% 10.64% 10.53% 9.30% 8.75% 6.67% 5.83% 5.54% 5.63%
TJX Cos. Inc. 10.17% 10.02% 9.82% 9.73% 9.76% 9.77% 10.18% 9.79% 9.55% 9.32% 7.05% 1.81% 3.13% 3.26% 5.86% 10.59% 10.49% 10.56% 10.61% 10.82%

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Operating profit margin = 100 × (Operating incomeQ3 2024 + Operating incomeQ2 2024 + Operating incomeQ1 2024 + Operating incomeQ4 2023) ÷ (Net salesQ3 2024 + Net salesQ2 2024 + Net salesQ1 2024 + Net salesQ4 2023)
= 100 × (17,411 + 14,672 + 15,307 + 13,209) ÷ (158,877 + 147,977 + 143,313 + 169,961) = 9.77%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Amazon.com Inc. operating profit margin ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Net Profit Margin

Amazon.com Inc., net profit margin calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Net income (loss) 15,328 13,485 10,431 10,624 9,879 6,750 3,172 278 2,872 (2,028) (3,844) 14,323 3,156 7,778 8,107 7,222 6,331 5,243 2,535 3,268 2,134 2,625 3,561
Net sales 158,877 147,977 143,313 169,961 143,083 134,383 127,358 149,204 127,101 121,234 116,444 137,412 110,812 113,080 108,518 125,555 96,145 88,912 75,452 87,437 69,981 63,404 59,700
Profitability Ratio
Net profit margin1 8.04% 7.35% 6.38% 5.29% 3.62% 2.43% 0.82% -0.53% 2.25% 2.39% 4.48% 7.10% 5.73% 6.64% 6.42% 5.53% 4.99% 4.10% 3.56% 4.13%
Benchmarks
Net Profit Margin, Competitors2
Home Depot Inc. 10.22% 10.48% 10.75% 10.87% 10.87% 10.88% 10.83% 10.87% 10.79% 10.55% 10.45% 9.74% 9.94% 9.91% 9.79% 10.20% 10.01% 10.18% 10.24% 10.28%
Lowe’s Cos. Inc. 8.49% 6.48% 6.65% 6.63% 6.97% 8.84% 8.85% 8.77% 8.63% 7.41% 7.23% 6.51% 6.29% 7.12% 6.17% 5.93% 4.11% 3.52% 3.31% 3.25%
TJX Cos. Inc. 7.85% 7.77% 7.56% 7.00% 6.90% 6.77% 6.69% 6.76% 5.85% 5.81% 4.00% 0.28% 2.24% 2.11% 4.57% 7.84% 7.70% 7.65% 7.69% 7.85%

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Net profit margin = 100 × (Net income (loss)Q3 2024 + Net income (loss)Q2 2024 + Net income (loss)Q1 2024 + Net income (loss)Q4 2023) ÷ (Net salesQ3 2024 + Net salesQ2 2024 + Net salesQ1 2024 + Net salesQ4 2023)
= 100 × (15,328 + 13,485 + 10,431 + 10,624) ÷ (158,877 + 147,977 + 143,313 + 169,961) = 8.04%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Amazon.com Inc. net profit margin ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Return on Equity (ROE)

Amazon.com Inc., ROE calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Net income (loss) 15,328 13,485 10,431 10,624 9,879 6,750 3,172 278 2,872 (2,028) (3,844) 14,323 3,156 7,778 8,107 7,222 6,331 5,243 2,535 3,268 2,134 2,625 3,561
Stockholders’ equity 259,151 236,447 216,661 201,875 182,973 168,602 154,526 146,043 137,489 131,402 134,001 138,245 120,564 114,803 103,320 93,404 82,775 73,728 65,272 62,060 56,508 53,061 48,410
Profitability Ratio
ROE1 19.24% 18.79% 17.39% 15.07% 10.97% 7.75% 2.78% -1.86% 8.24% 8.83% 15.98% 24.13% 21.78% 25.64% 26.04% 22.84% 20.99% 17.88% 16.18% 18.67%
Benchmarks
ROE, Competitors2
Home Depot Inc. 1,098.18% 1,215.96% 4,626.24% 1,095.07% 1,317.03% 7,124.47% 1,539.90% 736.64% 844.74% 390.00% 813.68%
Lowe’s Cos. Inc. 1,532.36% 406.05% 131.77% 131.40% 266.43% 217.09% 119.93% 95.76% 73.30% 63.50%
TJX Cos. Inc. 60.14% 60.25% 59.20% 54.97% 60.02% 62.26% 59.63% 54.69% 41.40% 39.21% 24.63% 1.55% 13.47% 15.26% 35.54% 55.01% 56.45% 57.76% 59.31% 60.61%

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
ROE = 100 × (Net income (loss)Q3 2024 + Net income (loss)Q2 2024 + Net income (loss)Q1 2024 + Net income (loss)Q4 2023) ÷ Stockholders’ equity
= 100 × (15,328 + 13,485 + 10,431 + 10,624) ÷ 259,151 = 19.24%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Amazon.com Inc. ROE improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Return on Assets (ROA)

Amazon.com Inc., ROA calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Net income (loss) 15,328 13,485 10,431 10,624 9,879 6,750 3,172 278 2,872 (2,028) (3,844) 14,323 3,156 7,778 8,107 7,222 6,331 5,243 2,535 3,268 2,134 2,625 3,561
Total assets 584,626 554,818 530,969 527,854 486,883 477,607 464,378 462,675 428,362 419,728 410,767 420,549 382,406 360,319 323,077 321,195 282,179 258,314 221,238 225,248 199,099 191,351 178,102
Profitability Ratio
ROA1 8.53% 8.01% 7.10% 5.76% 4.12% 2.74% 0.92% -0.59% 2.64% 2.77% 5.21% 7.93% 6.87% 8.17% 8.33% 6.64% 6.16% 5.10% 4.77% 5.14%
Benchmarks
ROA, Competitors2
Home Depot Inc. 20.78% 21.25% 21.92% 22.38% 22.24% 22.27% 21.57% 22.86% 21.82% 21.54% 20.35% 18.23% 18.66% 18.67% 18.68% 21.94% 21.23% 21.54% 21.80% 25.27%
Lowe’s Cos. Inc. 18.02% 13.58% 13.86% 14.73% 14.23% 18.04% 17.00% 18.91% 16.63% 14.19% 13.32% 12.49% 10.55% 11.06% 9.98% 10.85% 7.41% 6.21% 5.49% 6.71%
TJX Cos. Inc. 13.54% 13.77% 13.25% 12.34% 11.96% 12.40% 12.04% 11.53% 8.87% 8.73% 4.99% 0.29% 2.38% 2.68% 6.63% 13.55% 12.88% 13.40% 13.53% 21.36%

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
ROA = 100 × (Net income (loss)Q3 2024 + Net income (loss)Q2 2024 + Net income (loss)Q1 2024 + Net income (loss)Q4 2023) ÷ Total assets
= 100 × (15,328 + 13,485 + 10,431 + 10,624) ÷ 584,626 = 8.53%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Amazon.com Inc. ROA improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.