"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 from a split-adjusted IPO price of roughly seven cents to massive market capitalization, becoming a core member of the largest tech leaders. From 2014 to 2024, shares climbed over 1,025%, with substantial gains during the COVID-19 period. Revenue expanded from $89 billion to $638 billion, while net income rose from a loss to $59.2 billion, reflecting extraordinary growth. Pandemic-era demand accelerated sales but also led to pulled-forward demand and a 2022 earnings setback. Future performance through 2030 depends on e-commerce momentum, cloud and services growth, macro conditions, and valuation metrics such as P/E ratios.
Read at 24/7 Wall St.
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