Amazon grew sales 11% year over year again, reaching a new quarterly high in its fiscal Q4, which ended Dec. 31, 2024.
At the same time, Amazon operating income increased 61% year over year, CEO Andy Jassy told investors on the merchant’s Q4 earnings call.
Entering the holiday season, Amazon had the lowest online prices for the eighth year in a row, Jassy said, citing a report. It found that Amazon’s provide, on average, were 14% lower than other leading retailers in the U.S.
The retailer launched Amazon Haul, a competitor to Shein and Temu, during the quarter. Amazon Haul focuses on low-price products. Jassy said it’s “off to a very strong start,” without quantifying sales from that storefront.
Jassy also said consumers saved more than $15 billion in Q4 via Amazon’s “record-setting events during Prime Big Deal Days in October and Black Friday and Cyber Monday around Thanksgiving.”
And because 2024 was a leap year, chief financial officer Brian Olsavsky said the extra day contributed to about $1.5 billion in Amazon’s Q1 net sales, impacting all segments.
Amazon ranks No. 1 in Digital Commerce 360’s Top 1000 Database. The database is how Digital Commerce 360 tracks the largest North American online retailers by their annual ecommerce sales. Amazon is also No. 3 in Digital Commerce 360’s Global Online Marketplaces Database. That database ranks the 100 largest global marketplaces by third-party gross merchandise value…
