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 2021 Q3 it was $3,156.00 million, down by -50% year-over-year from $6,331.00 million. From $11,588.00 million in 2019 it increased by 84% to $21,331.00 million in 2020.
Source: Amazon Quarterly Results.