Amazon.com Inc (AMZN)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	184,107,000	143,346,000	131,278,000	122,175,000	115,785,000	138,008,000	132,088,000	128,906,000	126,928,000	231,620,000	226,307,000	217,794,000	205,378,000	167,260,000	157,525,000	148,351,000	146,314,000	131,260,000	130,557,000	129,735,000
Revenue (ttm)	US$ in thousands	571,668,000	550,716,000	534,914,000	521,895,000	511,276,000	499,803,000	483,634,000	475,856,000	467,958,000	456,610,000	442,115,000	417,869,000	384,831,000	346,713,000	320,581,000	295,093,000	279,382,000	264,328,000	250,961,000	240,483,000
Gross profit margin		32.21%	26.03%	24.54%	23.41%	22.65%	27.61%	27.31%	27.09%	27.12%	50.73%	51.19%	52.12%	53.37%	48.24%	49.14%	50.27%	52.37%	49.66%	52.02%	53.95%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $184,107,000K ÷ $571,668,000K
= 32.21%

The gross profit margin of Amazon.com Inc. has shown a generally positive trend over the past eight quarters, indicating an improvement in the company's ability to generate profits from its core operations. From Q1 2022 to Q4 2023, the gross profit margin has steadily increased from 42.14% to 46.98%. This upward trajectory suggests that Amazon has been effectively managing its cost of goods sold and/or increasing its pricing strategies to enhance profitability.

Overall, Amazon's gross profit margin has shown consistent growth, reflecting the company's strong operational efficiency and pricing strategies. The successive quarterly improvements in the gross profit margin indicate that Amazon has been successful in effectively controlling its production and distribution costs, thereby increasing its profitability over time.