![Featured image of the article [Amazon results] Amazon doubles net margin in 9 months to September and announces record CAPEX for 2024](https://www.mind.eu.com/wp-content/uploads/sites/6/2024/11/Illustration_Amazon_Q3_2024-978x652.png)
In Q3 2024, Amazon's sales and profitability exceeded analysts' expectations. The group has managed to maintain the online business and accelerated the strongest P&L contributors, in order to finance massive investment in AI. Looking beyond Q3, our long term analysis covers the period from January to September 2024.
On October 31, 2024, Amazon published Q3 2024 results, beating analysts’ expectations in terms of both sales and profitability. Quarterly sales rose by 11% at constant exchange rates to US$158.9 billion (US$15.8 billion more than a year ago). In the first 9 months of 2024 – and we will focus our analysis on the period from January to September – Amazon’s sales rose by 11.2% to US$450.2 billion. This represents a 9-month incremental uplift of US$45.4 billion (year-on-year evolution).
In Q3, Amazo
…Do you have information to share with us?
Article authors
Sophie Baqué
Chief Editor of mind Retail