Overview
- Amazon reported about $716.9–$717 billion in annual revenue, topping Walmart’s roughly $713 billion after both companies filed results, ending Walmart’s 13-year run at No. 1.
- Sales grew 12% year over year, with Amazon Web Services contributing around one-fifth of revenue and expanding 24% in the period.
- Operating profit rose to roughly $80 billion, supported by major administrative layoffs last fall with additional reductions planned.
- The company announced $200 billion of investments focused on artificial intelligence, chips, robotics and satellites.
- North America accounts for about 60% of Amazon’s business, while international operations contribute around 23%.