"Amazon.com Inc. ( NASDAQ: AMZN) has been one of the stock market's biggest success stories ever. The company had its initial public offering in May 1997 and traded for an astonishingly low split-adjusted price of just seven cents per share. Since then, the stock has gained over 306,500% as the company has grown into the linchpin of e-commerce. Since its inception, Amazon has become a mainstay in the Magnificent 7 and now commands the five-largest market cap of any publicly traded company."
"From 2014 to 2024, shares of Amazon surged by more than 1,025%, from $19.94 to $223.75. A considerable amount of that gain came between March 2020-coinciding with the arrival of the COVID-19 pandemic-and last year. From March 13, 2020, through the end of December 2024, the stock climbed from $89.25 per share to $134.50, a gain of 150.70%, as the company became the focal point for sourcing materials during lockdowns."
"Over the past decade, revenue increased from $89 billion to $638 billion, an astounding increase of more than 616%. At the same time, net income (profit) grew from −$0.241 billion to $59.2 billion, which translates to an incredible gain of 24,664.3%. The ride up was not always smooth, though. All those COVID-19 era sales being "pulled forward" led to challenges in 2022, and the company swung to a surprise loss."
Amazon's stock rose over 306,500% since its 1997 IPO priced at seven cents split-adjusted. The company became a linchpin of e-commerce, a mainstay of the Magnificent 7, and now commands the five-largest market cap of any publicly traded company. From 2014 to 2024, shares climbed more than 1,025%, with a large portion of gains occurring between March 2020 and December 2024 as the company served as a sourcing focal point during lockdowns. Revenue grew from $89 billion to $638 billion and net income expanded from −$0.241 billion to $59.2 billion. COVID-era pulled-forward sales caused 2022 challenges and a surprise loss. Three key areas will determine performance through 2030.
Read at 24/7 Wall St.
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