Amazon Q1 2021 Quarterly Results [pdf]
ir.aboutamazon.com
ir.aboutamazon.com
2021: $108.5 billion
2020: $75.5 billion
2019: $59.7 billion
2018: $51.0 billion
2017: $35.7 billion
2016: $29.1 billion
2015: $22.7 billion
2014: $19.7 billion
2013: $16.1 billion
2012: $13.2 billion
2011: $9.9 billion
2010: $7.1 billion
2009: $4.9 billion
2008: $4.1 billion
2007: $3.0 billion
2006: $2.3 billion
2005: $1.9 billion
2004: $1.5 billion
2003: $1.1 billion
2002: $847 million
2001: $700 million
2000: $574 million
1999: $294 million
1998: $87 million
1997: $16 million
I'm in Canada, with the locks downs, curfews, etc my entire shopping experience since 2020 March has been:
- Amazon
- Costco
- GoodFood (Had before covid)
- UberEats (Twice because of work vouchers)
- Home Depot (soil & lumber to build a raised garden bed)
Nothing else.
Edit: Formatting & added home depot
as for non grocery items, there were pandemic related purchases for sure, but for my family, it was at Home Depot.
With that said though, I think the Q1 YoY revenue jump is still huge.
Top y/y Q1 growth (according to numbers from op):
1998: 443.8%
1999: 237.9%
2000: 95.2%
2010: 44.9%
2021: 43.7%
2018: 42.9%
2011: 39.4%
That's a pretty good year, especially considering growth usually gets harder as you grow.
So volume moght have increased but avg revenue per user would still grow less.
Operating margin Q1 2020: 5.3%, Q1 2021: 8.2%
Which is somewhat interesting. I wonder if there was a set of deliberate prices raise while they have this upper hand, or just economy of scale.
What products of theirs have seen prices rise? I can't think of any, except some AWS services where the price rise accompanies a serious rise in utilisation (ie the user is getting more per dollar, so the dollar price is rising commensurate)
2020 Q1: $2.5 billion
2021 Q1: $8.1 billion
The pandemic has been good to amazon.
And to most other tech companies.
Had they not been thoroughly competent, the pandemic would've destroyed them.
Many large companies emerged worse for the pandemic.
Rest of Amazon Q1: 4.7 billion net revenue.
Ebay and Paypal split, but Paypal was worth a lot more than Ebay at the time and now it is worth ~10x as much.
If their scale allows it then you may wish to look closer, but their scale also allows them to offer unprecedented value to customers, which is generally the highest value for commerce in the first place.
Let's not destroy a good thing just because we can imagine it having some consequences.