The e-commerce giant occupies the No. 2 spot on our list for the fourth consecutive year, though revenue growth, at 9% year over year, was the slowest in Amazon’s history as a public company to date.
- Amazon swung from a hefty profit in 2021 to a $2.7 billion loss in 2022. Slowing growth in e-commerce and in the Amazon Web Services (AWS) cloud division contributed to the slump. CEO Andy Jassy said in April 2023 that he anticipated a “pending deluge” in spending on A.I. and machine learning that would revive growth at AWS.
- The company announced layoffs of about 27,000 employees in 2023, with cuts concentrated in cloud computing and human resources. -
- Amazon lost half of its market value between April 2022 and the end of the year, though its stock has since partly rebounded. The company was hit by a tech-stock rout that also affected many of its rivals.
- The company closed its physical bookstores and other retail shops in March 2022 to focus on other store formats.
- In July 2022 Amazon announced that it would pay $3.5 billion to acquire primary care provider One Medical, adding the company to its growing health care services portfolio.
Michael Nagle—Bloomberg/Getty Images
Company Information
As of 6/5/23
Country
U.S.
Headquarters
Seattle
Industry
Internet Services and Retailing
CEO
Andrew R. Jassy
Website
Company Type
Public
Ticker
AMZN
Revenues ($M)
$513,983
Profits ($M)
$-2,722
Market Value ($M)
$1,058,440
Employees
1,541,000
Market value as of March 31, 2023.
Key Financials (Last Fiscal Year)
$ millions
% change
Revenues ($M)
$513,983
9.4%
Profits ($M)
$-2,722
-108.2%
Assets ($M)
$462,675
-
Total Stockholder Equity ($M)
$146,043
-
Profit Ratios
Profit as % of Revenues
-0.5%
Profits as % of Assets
-0.6%
Profits as % of Stockholder Equity
-1.9%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
-0.27
EPS % Change (from 2021)
-108.3%
EPS % Change (5 year annual rate)
-
EPS % Change (10 year annual rate)
-
Total Return
Total Return to Investors (2022)
-49.6%
Total Return to Investors (5 year, annualized)
7.5%
Total Return to Investors (10 year, annualized)
20.9%
Amazon Rank History
Historical Data
| Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
|---|---|---|---|---|
| 2022 | $469,82221.7% | $33,36456.4% | $420,549 | $138,245 |
| 2021 | $386,06437.6% | $21,33184.1% | $321,195 | $93,404 |
| 2020 | $280,52220.5% | $11,58815% | $225,248 | $62,060 |
| 2019 | $232,88730.9% | $10,073232.1% | $162,648 | $43,549 |
| 2018 | $177,86630.8% | $3,03327.9% | $131,310 | $27,709 |
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