3 ms·

An important note, because Amazon is now profitable (though not wildly so, given their revenue)

• adventured 1y ago
  $651 billion in revenue, $71 billion in operating income. They're approaching wildly profitable for an extremely large business. To be that big and to eclipse a 10% op income margin is exceptional. It's closing in on three times the margin of Walmart (obviously Amazon is making their margin in AWS and ads, not retail). $71 billion in operating income is so exceptional only seven other companies in history have gotten that large: Apple, Microsoft, Google, Nvidia, Facebook, Exxon and Aramco (if you count them as a company). And importantly, that $71 billion is rapidly expanding - it has doubled just since fiscal 2023. In 15 months sales increased $76 billion and op income increased by $35 billion. The spigot is flowing. $100b in op income is likely not far away.
  • turnsout 1y ago
    I guess that’s fair—10% is impressive at that scale