It is probably not surprising to you that Amazon is ranked as one of the top-valued companies in the world and now has a valuation of over $1 Trillion dollars.
With such a staggering net worth and income, this might have you wondering how much Amazon makes a second, minute, hour, day, and week. Here is what I found.
How Much Does Amazon Make?
Amazon makes over $638 million each day in revenue. If you do the math, Amazon makes an average of $7,300 each second, $443,000 per minute, and $26.6 million per hour. On a weekly basis, Amazon makes an average of $4.4 billion and an average of $17.6 billion per month.
Want to know exactly how much money Amazon makes? Keep reading to find out.
How Much Does Amazon Make Per Second, Minute & Hour?
The retail website and physical stores remain the company’s main source of income.
It is considered one of the largest companies by revenue in the world, bringing in nearly $233 Billion each year.
So, how does this break down? How much does Amazon make each month? Each week?
The following estimates may surprise you and are based on the most recent marketing information available.
Amazon reports revenues of around $232.9 billion per year.
That means Amazon earns $19.4 billion monthly, which breaks down to $4.4 billion weekly or $638 million daily.
To further expand Amazon’s revenues means that the company brings in around $26.6 million per hour, or approximately $443,112.63 each minute.
Want your mind blown? Consider this- based on these estimates, Amazon earns around $7,385.21 each-and-every second.
While most of Amazon’s revenues are generated from online sales of products via the website marketplace, additional revenues are from the third-party retail seller services that utilize the website.
Additionally, Amazon’s services like Prime and Kindle, contribute to their annual earnings.
How Much Does Jeff Bezos Make?
Jeff Bezos founded Amazon in 1994, and in the early days, Bezos operated the site out of his Seattle garage.
It is reported that Bezos’ earnings equate to around $150,000 per minute. By US Labor Market standards, this is around three times the median salary of the average US worker.
By contrast, the regular Amazon worker making the minimum wage of $15 per hour would need to put in nearly 600,000 hours- 24 hours each day, every day, for 68 years- to earn what Jeff Bezos makes in a single hour on the job.
How Much Does Amazon Make On Prime Day?
Amazon sells a reported $5 Billion dollars worth of merchandise every year on its Amazon Prime Day.
The event is tied to the company’s Prime membership service, which offers a free two-day shipping service on items that are fulfilled and shipped by Amazon itself.
It is estimated that Prime members saved around one billion dollars during this event, from VIP discounts to Lightning Deals, in addition to the saved shipping charges that Prime members enjoy.
How Does Amazon Make Its Money?
While Amazon initially was an online book marketplace, it has evolved into much more.
Beyond the marketplace that boasts over 12 million products fulfilled and shipped by Amazon, a mere 10% of its overall listed merchandise on the site.
Third-party sellers and sites comprise the rest of the offered products, bringing the total number of goods sold on Amazon to around 350 million.
Amazon continues to diversify with its own new and inventive offerings to its customers.
Some of the unique and popular offerings that Amazon now provides include voice recognition services with Alexa and IT services through Amazon Web.
Amazon offers gaming streams, like Twitch, and food delivery services with their acquisition of Whole Foods.
Also, let’s not forget about the wildly popular Amazon Prime, which currently lauds around 26 million subscribers.
In fact, founder Jeff Bezos has recently announced that he plans to take the Amazon brand into space through his recent endeavor, Blue Origin.
As mentioned, third-party Amazon sellers account for a fair share of the products found for sale on the Amazon website. In fact, around 53% of all sales from the Amazon site come from third-party sellers or sites.
More third-party sellers are finding their way to the marketplace, as it has a built-in global audience that is unsurpassed and simply not feasible elsewhere. When prospective buyers think about shopping online, most think first of Amazon.
Who Buys From Amazon?
A recent survey asked teens what their favorite online shopping site was, and over 40% responded with Amazon.
Each month, there are over 206 million visitors to the Amazon website, and Amazon is utilized across the world in more countries than ever before.
Here are some interesting facts about the average Amazon shopper demographics to consider.
- Female shoppers comprise around 51% of all Amazon buyers.
- Around 57% of Amazon shoppers have blue-collar jobs.
- About 55% of Amazon shoppers have a family.
- Around 35% of Amazon shoppers hold Bachelor’s degrees from college.
- Estimates show that 80% of Amazon shoppers own their own homes.
Since today’s shopper tends to research their purchase before making it, Amazon is the perfect contender for potential sales of any niche.
It is estimated that Amazon makes over $7,300 per second, equating to an average of around $443,000 per minute.
Amazon reports revenues of over $638 million each and every day and Amazon Prime Day, an annual occurrence, shows revenues of over $5 billion dollars annually.