As Amazon Net Sales continues to grow, net income remains flat as Amazon manages all income it receives to spend it on the future.
Highly profitable Amazon Web Services has raised net income over the last few years.
Last reported quarter 2023 Q3 it was $9,879.00 million, up by 244% year-over-year from $2,872.00 million. From $33,364.00 million in 2021 it decreased by -108% to $-2,722.00 million in 2022.