Amazon.com (AMZN) Revenue — Quarter Ended Mar 31, 2024
Revenue for the reporting quarter increased from the same period a year earlier but decreased from the prior quarter.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the reporting quarter increased from the same period a year earlier but decreased from the prior quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$143.3B
Revenue reported for this quarter.
Quarter-over-quarter
-15.7%
Change from the immediately preceding quarter.
Year-over-year
+12.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$590.7B
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, 2023 | $134.4B | +10.8% |
| Sep 30, 2023 | $143.1B | +12.6% |
| Dec 31, 2023 | $170B | +13.9% |
| Mar 31, 2024 | $143.3B | +12.5% |
Revenue performance
The year-over-year growth indicates continued expansion, while the sequential decline reflects a slowdown following the previous quarter.
Quarterly comparison
Revenue was lower than the immediately preceding quarter and higher than the same quarter one year earlier.
What to watch
The sequential decline from the prior quarter is notable given the year-over-year growth.