Amazon.com Reports Strong Q2 Financial Results for Fiscal Year 2023
August 23, 2023
☀️Earnings Overview
Amazon.com ($NASDAQ:AMZN) released its financial results for the second quarter of fiscal year 2023 on June 30, 2023. The company achieved a total revenue of USD 134383.0 million, 10.8% higher than the same period the previous year. Moreover, the reported net income for the quarter was USD 6750.0 million, a considerable improvement from the net loss of -2028.0 million in the same quarter of the previous year.
Price History
On Thursday, Amazon.com, Inc. reported strong financial results for the second quarter of fiscal year 2023, with a 0.5% increase from the prior closing price of $128.2. The stock opened at $127.5 and closed at $128.9, indicating a positive sentiment for the company. Other divisions such as Amazon Prime and Advertising saw a significant growth as well in the quarter. This is mainly driven by increased demand from customers due to the pandemic and new initiatives such as Amazon Fresh and Whole Foods Market.
Overall, Amazon’s financial results have been overwhelmingly positive, with increases in net income, revenue, and gross merchandise sales all indicating a strong future for the company. With the continued success of its various services and the expansion of its markets, Amazon is well-positioned to remain one of the most dominant businesses in the world for years to come. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Amazon.com. More…
| Total Revenues | Net Income | Net Margin |
| 538.05k | 13.07k | 2.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Amazon.com. More…
| Operations | Investing | Financing |
| 61.84k | -51.91k | 2.92k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Amazon.com. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 477.61k | 309k | 16.35 |
Key Ratios Snapshot
Some of the financial key ratios for Amazon.com are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.7% | 1.6% | 3.1% |
| FCF Margin | ROE | ROA |
| 0.6% | 6.4% | 2.2% |
Analysis
However, our analysis has detected one risk warning in the income sheet. If you’d like to learn more about the risk warning, become a registered user with our platform and check it out. Amazon.com_Reports_Strong_Q2_Financial_Results_for_Fiscal_Year_2023″>More…
Peers
Amazon.com Inc is an American multinational technology company based in Seattle, Washington, that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is considered one of the Big Four technology companies, alongside Google, Apple, and Facebook.
PChome Online Inc is a Taiwanese online shopping company established in 2000. PChome Online is the largest e-commerce platform in Taiwan, with over 60% of the country’s online shopping market share.
The RealReal Inc is an American online luxury resale store headquartered in San Francisco, California. The company sells consigned clothing, accessories, jewelry, watches, and art from a variety of luxury brands.
Zalando SE is a German e-commerce company headquartered in Berlin, that specializes in selling shoes, clothing, and other fashion items. The company was founded in 2008 and has since grown to become one of the largest online fashion retailers in Europe.
– PChome Online Inc ($TPEX:8044)
PChome Online Inc is a Chinese internet company that provides online services through its websites. The company offers a variety of services, including online shopping, online payments, online advertising, and others. PChome Online Inc is listed on the Nasdaq Global Market under the ticker symbol PCLN.
As of 2022, PChome Online Inc had a market capitalization of 5.78 billion US dollars. The company’s return on equity was 3.34 percent. PChome Online Inc is a leading player in the Chinese internet market, with a strong presence in online shopping and online payments. The company is well positioned to benefit from the growing trend of online shopping in China.
– The RealReal Inc ($NASDAQ:REAL)
The RealReal Inc is a luxury consignment company with a market cap of 117.51M as of 2022. The company offers consignment services for luxury items such as clothing, jewelry, and watches. The company has a return on equity of 137.64%.
– Zalando SE ($OTCPK:ZLDSF)
Zalando SE is a German e-commerce company that specializes in selling shoes, clothing and other fashion items. The company was founded in 2008 and is headquartered in Berlin. As of 2022, Zalando SE has a market cap of 5.66B and a return on equity of 4.78%. The company’s main competitors are Amazon, eBay and Alibaba.
Summary
Investors can be optimistic about Amazon.com‘s financial performance for the second quarter of 2023. The company reported total revenue of $134383 million, representing a 10.8% year-over-year increase. Net income for the quarter was $6750.0 million, compared to a net loss of -2028.0 million in the same period of the previous year.
This significant turnaround in profitability indicates that Amazon’s business strategies are paying off, and the company’s future outlook is promising. Going forward, investors should watch out for further developments in Amazon’s financials that could drive better returns in the long-term.
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