"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 transformed from a May 1997 IPO priced at roughly $0.07 (split-adjusted) into a dominant e-commerce and technology company with one of the largest market capitalizations. Between 2014 and 2024, shares rose over 1,025% while revenue expanded from $89 billion to $638 billion and net income moved from a small loss to $59.2 billion. COVID-19 accelerated sales and drove notable stock gains from March 2020 through 2024, but pulled-forward demand caused 2022 challenges and a surprise loss. Future performance hinges on macroeconomic conditions, industry trends, growth metrics, and valuation multiples.
Read at 24/7 Wall St.
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