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 Q1 it was $8,107.00 million, up by 220% year-over-year from $2,535.00 million. From $11,588.00 million in 2019 it increased by 84% to $21,331.00 million in 2020.
Source: Amazon Quarterly Results.