Q4 24 EPS
$1.86
BEAT +25.36%
Est. $1.48
Q4 24 Revenue
$187.79B
vs S&P Since Q4 24
-2.9%
TRAILING MARKET
AMZN +17.1% vs S&P +20.0%
Full Year 2024 Results
FY 24 EPS
$5.53
FY 24 Revenue
$637.96B
Market Reaction
Did AMZN Beat Earnings? Q4 2024 Results
Amazon closed out 2024 with a blowout fourth quarter, posting earnings per share of $1.86 and beating the Wall Street consensus of $1.48 by 25.36%, as revenue climbed 10.5% year-over-year to $187.79 billion. The headline driver was a sweeping expansi… Read more Amazon closed out 2024 with a blowout fourth quarter, posting earnings per share of $1.86 and beating the Wall Street consensus of $1.48 by 25.36%, as revenue climbed 10.5% year-over-year to $187.79 billion. The headline driver was a sweeping expansion in profitability, with operating income rising 61% to $21.20 billion and net income nearly doubling to $20.00 billion, as the company's relentless push into cloud and artificial intelligence paid off in scale. AWS was central to that story, growing segment sales 19% to $28.79 billion while generating $10.63 billion in operating income, roughly half of the company's consolidated total, at a 36.9% margin. CEO Andy Jassy has leaned heavily into AI infrastructure, unveiling the Trainium2 chip, Amazon Nova foundation models, and a massive compute cluster built in collaboration with Anthropic, investments that are already straining capital budgets but positioning the business for future growth. Looking ahead, Amazon guided Q1 2025 revenue of $151.00 billion to $155.50 billion, with operating income of $14.00 billion to $18.00 billion, absorbing a roughly $2.10 billion foreign exchange headwind.
Key Takeaways
- • AWS revenue growth accelerated to 19% YoY driven by AI workloads and cloud migration demand
- • Advertising services grew 18% to $17.3 billion in Q4
- • Operating margin expanded to 11.3% from 7.8% a year ago
- • International segment swung to $1.3 billion operating profit from $419 million loss
- • Record-breaking Black Friday Week and Cyber Monday deal event
- • Same-day/overnight delivery increased over 65% YoY for U.S. Prime members
- • Fastest delivery speeds ever for Prime members in 2024
AMZN YoY Financials
Q4 2024 vs Q4 2023, source: SEC Filings
AMZN Revenue by Segment
With YoY comparisons, source: SEC Filings
AMZN Revenue by Geography
With YoY comparisons, source: SEC Filings
“The holiday shopping season was the most successful yet for Amazon and we appreciate the support of our customers, selling partners, and employees who helped make it so.”
— Andy Jassy, Q4 2024 Earnings Press Release
AMZN Earnings Trends
AMZN vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AMZN EPS Trend
Earnings per share: estimate vs actual
AMZN Revenue Trend
Quarterly revenue: estimate vs actual
AMZN Quarterly Results
11 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $1.73 | $2.78 | +60.69% | $181.52B | — |
| Q4 25 BEAT FY | $1.95 | $1.95 | +0.00% | $213.39B | — |
| FY Full Year | — | $7.17 | — | $716.92B | — |
| Q3 25 BEAT | $1.54 | $1.95 | +26.62% | $180.17B | — |
| Q2 25 BEAT | $1.33 | $1.68 | +26.32% | $167.70B | — |
| Q1 25 BEAT | $1.36 | $1.59 | +16.91% | $155.67B | — |
| Q4 24 BEAT FY | $1.48 | $1.86 | +25.36% | $187.79B | — |
| FY Full Year | — | $5.53 | — | $637.96B | — |
| Q3 24 BEAT | $1.14 | $1.43 | +25.44% | $158.88B | — |
| Q2 24 BEAT | $1.03 | $1.26 | +22.33% | $147.98B | -0.39% |
| Q1 24 BEAT | $0.83 | $0.98 | +18.07% | $143.31B | +0.57% |
| Q4 23 BEAT FY | $0.80 | $1.00 | +25.00% | $169.96B | +2.25% |
| FY Full Year | — | $2.90 | — | $574.79B | — |
| Q3 23 BEAT | $0.55 | $0.94 | +70.91% | $143.08B | +7.26% |