How much money does Amazon make per second, minute, hour, day, week and month?
It probably doesn’t surprise you that Amazon has been ranked as one of the most valuable companies in the world, now valued at over $1 trillion.
With such a staggering net worth and income, you might be wondering how much Amazon makes every second, minute, hour, day, and week. Here’s what I found.
How Much Money Does Amazon Make?
Amazon rakes in more than $638 million a day. If you do the math, Amazon makes an average of $7,300 per second, $443,000 per minute, and $26.6 million per hour. Amazon earns an average of $4.4 billion per week and $17.6 billion per month.
Wondering how much money Amazon actually makes? Read on to find out.
How Much Money Does Amazon Make Every Second, Minute, and Hour?
Retail websites and brick-and-mortar stores remain the company’s main source of revenue.
It is considered one of the largest corporations in the world by revenue, bringing in nearly $233 billion annually.
So, how does this break down? How much does Amazon make each month? weekly?
The following estimates may surprise you and are based on the latest marketing information available.
Amazon reports annual revenue of about $232.9 billion.
That translates to $19.4 billion in monthly revenue for Amazon, which breaks down to $4.4 billion per week or $638 million per day.
Extending Amazon’s revenue even further means the company rakes in about $26.6 million per hour, or about $443,112.63 per minute.
Want to clear your head? Consider this – Amazon makes about $7,385.21 per second based on these estimates.
While the majority of Amazon’s revenue comes from online product sales through the site’s marketplace, additional revenue comes from third-party retailer services that use the site.
Also, services like Amazon’s Prime and Kindle contribute to their annual revenue.
How Much Money Does Jeff Bezos Make?
Jeff Bezos, who founded Amazon in 1994, ran the site from his garage in Seattle early on.
According to reports, Bezos earns the equivalent of around $150,000 per minute. By the standards of the U.S. labor market, that’s roughly three times the median wage of the average American worker.
By comparison, the average Amazon employee earning the $15-an-hour minimum wage would need to put in nearly 600,000 hours — 24 hours a day for 68 years — to earn what Jeff Bezos earns in one hour. income from work.
How much money did Amazon make on Prime Day?
Amazon reportedly sells $5 billion worth of merchandise each year on its Amazon Prime day.
The campaign is tied to the company’s Prime membership service, which offers free two-day shipping on items Amazon fulfills and fulfills itself.
Prime members are estimated to have saved roughly $1 billion during the event, from VIP discounts to Lightning Deals, in addition to shipping savings enjoyed by Prime members.
How does Amazon make money?
While Amazon started out as an online book marketplace, it has grown to be much more.
Apart from the marketplace, which has more than 12 million products fulfilled and shipped by Amazon, that only accounts for 10% of the total number of items listed on the site.
Third-party sellers and websites make up the rest of the offering, bringing the total number of items sold on Amazon to about 350 million.
Amazon continues to diversify its offerings to customers through its own innovative offerings.
Some of the unique and popular products that Amazon now offers include Alexa voice recognition service and IT services through Amazon Web.
Amazon offers game streaming and food delivery services like Twitch through its acquisition of Whole Foods.
Also, let’s not forget about the wildly popular Amazon Prime, which currently has around 26 million subscribers.
In fact, founder Jeff Bezos recently announced that he plans to bring an Amazon brand into the space with his latest endeavor, Blue Origin.
As mentioned earlier, third-party Amazon sellers make up a sizable portion of the products sold on Amazon.com. In fact, about 53% of sales on Amazon.com come from third-party sellers or websites.
More and more third-party sellers are finding their way into the marketplace with an unrivaled built-in global audience and simply not available elsewhere. When potential buyers think of online shopping, the first thing most think of is Amazon.
Who buys from Amazon?
A recent survey asked teens what their favorite online shopping site was, and more than 40 percent answered Amazon.
Every month, Amazon.com has more than 206 million visitors, and Amazon is used in more countries around the world than ever before.
Here are some interesting facts about the average Amazon shopper demographic to consider.
- Female shoppers make up about 51% of all Amazon buyers.
- Some 57% of Amazon shoppers work in blue-collar jobs.
- About 55% of Amazon shoppers have families.
- About 35% of Amazon shoppers have a bachelor’s degree from a university.
- An estimated 80% of Amazon shoppers own their own homes.
Since today’s shoppers tend to do research before buying, Amazon is the perfect contender for potential sales in any niche.
To learn more, you may also be interested in reading Amazon Target Market, Amazon Book Sales Statistics, and Amazon Tagline.
in conclusion
Amazon is estimated to make over $7,300 per second, which equates to an average of about $443,000 per minute.
Amazon reports more than $638 million in revenue each day, while the annual Amazon Prime Day shows annual revenue of more than $5 billion.
