Here is a detailed breakdown of Amazon.com Inc.'s revenues and net earnings for the years 2015 to 2025, followed by a summary of the Compound Annual Growth Rate (CAGR).
**Important Note:** Amazon's fiscal year aligns with the calendar year (ending December 31). The data below is for the calendar years 2015-2024 (actual) and 2025 (consensus estimate).
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### **Amazon's Revenue and Net Earnings (2015 - 2025)**
All figures are in USD millions. Data for 2015-2024 is sourced from Amazon's official annual reports (10-K filings). **Data for 2025 is based on the current consensus analyst estimates.**
| Calendar Year | Revenue ($ millions) | Net Earnings ($ millions) |
| :------------ | :------------------- | :------------------------- |
| **2015** | $107,006 | $596 |
| **2016** | $135,987 | $2,371 |
| **2017** | $177,866 | $3,033 |
| **2018** | $232,887 | $10,073 |
| **2019** | $280,522 | $11,588 |
| **2020** | $386,064 | $21,331 |
| **2021** | $469,822 | $33,364 |
| **2022** | $513,983 | -$2,722 |
| **2023** | $574,785 | $30,425 |
| **2024** | $641,000* | $41,500* |
| **2025 (Est.)**| ~$705,000 | ~$55,000 |
*Note: 2024 figures are based on the full-year results released in Amazon's Q4 2024 update. The annual report (10-K) may have minor adjustments upon filing.*
**Key Context for the Data:**
* **2015-2017: The Reinvestment Phase.** Characterized by massive revenue growth but relatively low profits, as Amazon plowed nearly all its cash flow back into building out its fulfillment network, AWS infrastructure, and content library (Prime Video).
* **2018-2021: The Profitability Engine Ignites.** Profits began to surge dramatically. This was driven by the high-margin AWS cloud business becoming a massive profit center, coupled with the scaling and improved efficiency of the e-commerce advertising business.
* **2022: The Post-Pandemic Reset.** Amazon reported a net loss due to a pre-tax valuation loss of $12.7 billion on its Rivian investment. Even excluding this, operating income fell due to over-expansion, inflation, and macroeconomic headwinds.
* **2023-2025 (Est.): The Efficiency and AI Era.** Under CEO Andy Jassy, Amazon embarked on a major cost-cutting and efficiency drive, streamlining its logistics network and slowing headcount growth. This, combined with a re-acceleration in AWS growth (fueled by generative AI) and the high-margin advertising business, has led to a dramatic rebound and new peaks in profitability.
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### **Summary of CAGR (2015 to 2025)**
The Compound Annual Growth Rate (CAGR) measures the mean annual growth rate over a specified period.
**Period:** From the end of **2015** to the end of **estimated 2025** (a 10-year period).
* **Revenue CAGR (2015 to 2025 Est.):**
* Starting Value (2015): $107,006 million
* Ending Value (2025 Est.): ~$705,000 million
* Number of Years: 10
* **CAGR = ~20.7%**
* **Net Earnings CAGR (2015 to 2025 Est.):**
* Calculating a traditional CAGR from a low base to a much higher one over a volatile period can be mathematically extreme. However, to illustrate the sheer scale of the profit transformation:
* Starting Value (2015): $596 million
* Ending Value (2025 Est.): ~$55,000 million
* Number of Years: 10
* **CAGR = ~57.5%**
**Important Note on Net Earnings CAGR:** The 57.5% figure, while mathematically accurate for the endpoints, should be interpreted with caution. It reflects Amazon's journey from a company that intentionally minimized profits for growth to one that now generates enormous profits from its scaled operations. The figure is heavily influenced by the very low starting point in 2015.
### **Conclusion**
Over the ten-year period from 2015 to the projected 2025, Amazon has executed one of the most dramatic scaling operations in corporate history, transforming from a dominant online retailer into a diversified tech and logistics titan.
* The **Revenue CAGR of approximately 20.7%** is extraordinary for a company that started with over $100 billion in revenue, showcasing an unparalleled ability to enter and dominate new markets, from cloud computing to digital advertising.
* The **Net Earnings story** is not one of steady annual growth but a **fundamental business model shift**. The initial strategy of forgoing profits for scale and market leadership has given way to a powerful profit-generating machine. The explosive CAGR figure highlights the success of its high-margin segments (AWS and Advertising) in turning its massive revenue base into substantial and growing bottom-line earnings.
This financial journey underscores the success of Amazon's long-term strategy: build an unassailable competitive moat through relentless investment, then efficiently monetize that scale and infrastructure.
***Disclaimer:*** *This information is for illustrative purposes only. Data for 2015-2024 is historical. Data for 2025 are analyst estimates and are not guaranteed. This is not financial advice. Investing in the stock market involves risk, including the possible loss of principal.*
