Amazon Earnings Passed $10 Billion In 2018

For the 2018 fiscal year, Amazon.com earnings surpassed $10 billion and sales gained by almost a third as the company continued to build the smart home, delivery and pickup elements of its retail operations.

The company posted net income of $10.07 billion, or $20.14 per diluted share, versus $3.03 billion, or $6.15 per diluted share, in the fiscal year earlier.

Net sales increased 31% to $232.89 billion versus the year earlier, with product sales reaching $141.92 billion versus $118.57 billion in the fiscal year previous. Operating income increased to $12.42 billion from $4.11 billion a year before. In North America, net sales were $141.37 billion versus $106.11 billion, and operating income was $7.27 billion versus $2.84 billion in the quarter a year previous.

For the fourth quarter, Amazon posted net income of $3.03 billion, or $6.04 per diluted share, compared to $1.86 billion, or $3.75 per diluted share, in the fiscal 2017 fourth quarter. Amazon noted that the fourth quarter of 2017 included a provisional tax benefit of $789 million as a consequence of the U.S. Tax Cuts and Jobs Act of 2017.

Net sales advanced 20% to $72.38 billion versus the year-prior fourth quarter, with product sales reaching $44.7 billion versus $41.33 billion in the year-earlier quarter. Operating income reached $3.79 billion from $2.13 billion in year-previous quarter.

In North America, net sales in the fourth quarter were $44.12 billion versus $37.3 billion, and operating income was $2.25 billion versus $1.69 billion in the quarter a year prior.