As a household name across the globe, Amazon needs little introduction. Founded by Jeff Bezos in 1994 as a niche online bookstore, the company evolved into one of the world’s largest and most influential technology conglomerates. With almost $1.7 trillion in market capitalization, the company manages enormous capital and employs more than one and a half million people. That said, how much does Amazon make a day?
About Amazon
Founded in 1994 by Jeff Bezos as an online bookstore, Amazon offers virtually everything from books to consumer goods, clothing, and groceries. It features a sprawling logistics network for quick delivery.
Besides e-commerce, Amazon offers cloud computing, digital streaming, and artificial intelligence services. These include popular features like Prime Video, a cloud computing service called Amazon Web Services (AWS), a digital entertainment segment called Amazon Studios, and Alexa, an artificial intelligence virtual assistant.
How to invest in Amazon?
Amazon’s earnings
According to its 2023 yearly financial report, the company’s net sales amounted to $574.8 billion, its operating income was $36.9 billion, and its net income, which represents the company’s net profit, was $30.4 billion.
In fact, Amazon did exceptionally well in 2023, beating Wall Street’s expectations for earnings. After the company laid off 27,000 of its workforce between 2022 and 2023 to cut expenses, it announced it would continue investing in new technologies, including its AI sector.
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The methodology
So, how much does Amazon make a day? To come up with this figure, we will take its net income, which represents its profit after all expenses, and divide the number across days, but also weeks, hours, minutes, and seconds for reference.
Disclaimer: The figure relies on publicly available data in quarterly fiscal reports. Our calculations depend on the net income numbers from 2023 to provide a general statement of Amazon’s net profit in a day.
How much does Amazon make a day?
As we’ve already said, the company’s yearly financial report for 2023 showed a net income of $30.4 billion. Today’s article will use this figure for further calculations.
So, how much does Amazon make a day? Let’s divide $30.4 billion by the number of seconds in a year (31,536,000), then count our way up.
The numbers are as follows: Amazon makes approximately $83.29 million per day based on the calculation and methodology above. This sum equals $963.98 per second, $57,838.66 per minute, $3.47 million per hour, and $583 million per week.
| Per second | $963.98 |
| Per minute | $57,838.66 |
| Per hour | $3.47 million ($3,470,319.63) |
| Per day | $83.29 million ($83,287,671.232) |
| Per week | $583 million ($583,013,698.63) |
The bottom line
With a market cap of almost $1.7 trillion, Amazon is the sixth-largest public company in the world. In fact, it is one of the most ubiquitous and influential firms today. As such, it does not raise any eyebrows that the e-commerce giant earns a small fortune every day it does business.
But how much does Amazon make a day, really? The precise answer is $83.29 million per day. Furthermore, this number represents net income, or pure profit, and not just revenue. It makes sense for a company with a market cap larger than most countries’ GDP.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how much does Amazon make a day
How much money does Amazon make a day?
Based on its 2023 annual fiscal report, Amazon makes $83.29 million daily in net profit.
What is Amazon's market capitalization?
As of August 2024, Amazon’s total market capitalization is $1.699 trillion.
How much money does Amazon make a second?
Amazon makes approximately $964 per second, based on its 2023 net income report.
How much money does Jeff Bezos make a day?
Jeff Bezos, the founder of Amazon, makes approximately $85.1 million per day.
