Amazon delivered strong financial results for fiscal year 2024, with total net sales increasing 11% to $638 billion and net income nearly doubling to $59.2 billion. Operating income surged 86% to $68.6 billion, driven by growth across all segments. North America segment operating income grew 68% to $25 billion, while International turned profitable with $3.8 billion in operating income.AWS maintained robust momentum with revenue growing 19% to $107.6 billion and operating income increasing 62% to $39.8 billion. The cloud division benefited from increased customer usage and operational efficiencies, including reduced depreciation expense from extended server life. Advertising services revenue rose 20% to $56.2 billion while third-party seller services grew 11% to $156.1 billion.Looking ahead, Amazon expects Q1 2025 revenue between $151.0-155.5 billion, representing 5-9% growth. The company continues to invest heavily in AI infrastructure and technology, with capital expenditures rising 61% to $77.7 billion in 2024. Free cash flow improved to $38.2 billion, while cash and marketable securities reached $101.2 billion by year-end.

Amazon delivered strong financial results for fiscal year 2024, with total net sales increasing 11% to $638 billion and net income nearly doubling to $59.2 billion. Operating income surged 86% to $68.6 billion, driven by growth across all segments. North America segment operating income grew 68% to $25 billion, while International turned profitable with $3.8 billion in operating income.AWS maintained robust momentum with revenue growing 19% to $107.6 billion and operating income increasing 62% to $39.8 billion. The cloud division benefited from increased customer usage and operational efficiencies, including reduced depreciation expense from extended server life. Advertising services revenue rose 20% to $56.2 billion while third-party seller services grew 11% to $156.1 billion.Looking ahead, Amazon expects Q1 2025 revenue between $151.0-155.5 billion, representing 5-9% growth. The company continues to invest heavily in AI infrastructure and technology, with capital expenditures rising 61% to $77.7 billion in 2024. Free cash flow improved to $38.2 billion, while cash and marketable securities reached $101.2 billion by year-end.