Amazon.com Inc (AMZN)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 183,837,000 | 139,192,000 | 126,928,000 | 102,560,000 | 67,626,000 |
| Revenue | US$ in thousands | 571,668,000 | 511,276,000 | 467,958,000 | 384,452,000 | 278,902,000 |
| Gross profit margin | 32.16% | 27.22% | 27.12% | 26.68% | 24.25% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $183,837,000K ÷ $571,668,000K
= 32.16%
Amazon.com Inc.'s gross profit margin has shown a consistent upward trend over the past five years, except for a slight decrease in 2022. The company's gross profit margin increased from 40.99% in 2019 to 46.98% in 2023, indicating an improved ability to generate profit from its core business operations. This upward trajectory suggests that Amazon has been effectively managing its cost of goods sold and maximizing its revenue streams. Overall, the company's strong gross profit margin performance reflects its competitive position and operational efficiency in the e-commerce and cloud computing industries.
Peer comparison
Dec 31, 2023