2021 was a tumultuous year for the e-commerce giant. Founder Jeff Bezos formally stepped down as president and CEO on July 5, 2021, and Andy Jassy, longtime head of the Amazon Web Services (AWS) cloud juggernaut, took the reins. The company struggled with labor shortages, a massive surge in employee turnover, and the biggest unionization push since its founding. But those obstacles didn’t stop Amazon from growing its headcount by a net of 310,000 employees in 2021. It also increased its minimum hourly wage from $15 to $18 in September of that year. Amazon’s streaming service sowed the seeds for further growth as the company acquired Hollywood studio MGM in an $8.5 billion deal. Amazon Prime Day sales in 2021 reached a record-breaking total of $11.19 billion. And overall, the retail and cloud-computing powerhouse grew revenue by more than 21% and brought in $33.3 billion in profits, a stunning 56.4% increase over 2020.
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Company Information
As of 6/5/23
Country/Territory
U.S.
Headquarters
Seattle
Industry
Internet Services and Retailing
CEO
Andrew R. Jassy
Website
Company Type
Public
Ticker
AMZN
Revenues ($M)
$513,983
Profits ($M)
$-2,722
Market Value ($M)
$1,058,440
Employees
1,541,000
Market value as of March 31, 2023.
Key Financials (Last Fiscal Year)As of 8/3/2022
($ Millions)
% change
Revenues ($M)
$469,822
21.7%
Profits ($M)
$33,364
56.4%
Assets ($M)
$420,549
-
Total Stockholder Equity ($M)
$138,245
-
Profit RatiosAs of 8/3/2022
Profit as % of Revenues
7.1%
Profits as % of Assets
7.9%
Profits as % of Stockholder Equity
24.1%
Amazon Rank History
Historical Data
| Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
|---|---|---|---|---|
| 2021 | $386,06437.6% | $21,33184.1% | $321,195 | $93,404 |
| 2020 | $280,52220.5% | $11,58815% | $225,248 | $62,060 |
| 2019 | $232,88730.9% | $10,073232.1% | $162,648 | $43,549 |
| 2018 | $177,86630.8% | $3,03327.9% | $131,310 | $27,709 |
| 2017 | $135,98727.1% | $2,371297.8% | $83,402 | $19,285 |
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