Amazon.com (AMZN) Revenue — Quarter Ended Mar 31, 2023
Revenue increased compared with the same quarter one year earlier, but declined from the immediately preceding quarter. Sequentially, revenue fell, while on an annual basis it rose.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue increased compared with the same quarter one year earlier, but declined from the immediately preceding quarter. Sequentially, revenue fell, while on an annual basis it rose.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$127.4B
Revenue reported for this quarter.
Quarter-over-quarter
-14.6%
Change from the immediately preceding quarter.
Year-over-year
+9.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$524.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $121.2B | +7.2% |
| Sep 30, 2022 | $127.1B | +14.7% |
| Dec 31, 2022 | $149.2B | +8.6% |
| Mar 31, 2023 | $127.4B | +9.4% |
Revenue performance
Reported revenue for the quarter moved higher year over year, marking an expansion from the prior year's comparable period.
Quarterly comparison
Sequentially, revenue decreased from the level posted in the quarter immediately prior. Year-over-year, revenue was above the figure reported for the same quarter one year earlier.
What to watch
The sequential revenue decline warrants monitoring for demand trends in the near term.