Amazon goes from strength to strength

Fourth quarter sales at grew 21% to $87.4 billion.

Across the whole year, Amazon’s net sales grew 20% to $280.5bn, an increase of 22% compared to 2018. Operating income grew to $14.5bn, and net income $11.6bn in the same 12 months.

Amongst other highlights, operating cash flow grew 25% to $38.5bn for the 12 months previously as against $30.7bn for the year before.

“Prime membership continues to get better for customers year after year. And customers are responding — more people joined Prime this quarter than ever before, and we now have over 150 million paid Prime members around the world,” said Jeff Bezos, Amazon founder and CEO. “We’ve made Prime delivery faster — the number of items delivered to U.S. customers with Prime’s free one-day and same-day delivery more than quadrupled this quarter compared to last year. Members now have free two-hour grocery delivery from Amazon Fresh and Whole Foods Market in more than 2,000 U.S. cities and towns.“

Net sales are 21% to $87.4bn in Q4. Operating income grew to $3.9bn in the quarter, while net income grew to $3.9bn.