Amazon is one of the largest online marketplaces in the world, offering everything from books and electronics to clothing, groceries, and home goods. Beyond its retail operations, Amazon has ventured into various other domains, including cloud computing services through Amazon Web Services (AWS), digital streaming services like Amazon Prime Video, and AI. Its advancement in AI and the deployment of AI across its businesses have propelled the company to grow further.
| Financial indicators |
Q3 2023 (US$ million) |
Q3 2024 (US$ million) |
Percentage change |
| Revenue |
143,083 |
158,877 |
+11.0% |
| – North America |
87,887 |
95,537 |
+8.7% |
| – International |
32,137 |
35,888 |
+11.7% |
| – AWS |
23,059 |
27,452 |
+19.1% |
| Operating income |
11,188 |
17,411 |
+55.6% |
| Net income |
9,879 |
15,328 |
+55.2% |
| Operating cash flow |
21,217 |
25,971 |
+22.4% |
Revenue increased 11.0% year-on-year to US$158.9 billion, excluding a negative 20 basis-point impact from foreign exchange rates (much lower than the previous guidance at 90 basis points). Operating income increased 55.6% year-on-year to US$17.4 billion, which was a record high and exceeded the high end of its guidance range by US$2.4 billion.
Revenue from North America and the International segment grew 8.7% and 11.7% year-on-year to US$95.5...
