Amazon today released second quarter results for fiscal year 2020. According to the report, Amazon’s net profit in the second quarter was $5.243 billion, up 100% from $2.625 billion in the same period of last year; its net sales volume was $88.912 billion, up 40% from $63.404 billion in the same period of last year. Excluding the impact of exchange rate changes, the net profit increased by 41% year-on-year. Amazon’s second quarter net sales and earnings per share exceeded Wall Street analysts’ expectations, and its third quarter revenue outlook also exceeded expectations, driving its share price up nearly 5% after hours.

in the quarter ended June 30, Amazon’s net profit was $5.243 billion and diluted earnings per share was $10.50, better than the same period last year. In the second quarter of fiscal year 2019, Amazon’s net profit was $2.625 billion, with diluted earnings per share of $5.22. Amazon’s operating profit in the second quarter was $5.843 billion, compared with $3.084 billion in the same period of last year, and its net sales was $88.912 billion, up 40% from $63.404 billion in the same period of last year. Excluding the negative impact of exchange rate changes of $582 million, Amazon’s second quarter net sales increased 41% year-on-year.
net earnings per share exceeded analysts’ expectations. According to data provided by Yahoo Finance Channel, 39 analysts had expected Amazon’s earnings per share to reach $1.46 per share in the second quarter, while 38 analysts had expected Amazon’s second quarter net sales to reach $81.53 billion.

in April this year, Amazon predicted that net sales in the second quarter of fiscal year 2020 would reach US $75 billion to US $81 billion, an increase of 18% to 28% over the same period of last year, including the negative impact of exchange rate changes of about 70 basis points. Amazon also expected operating profit in the second quarter of fiscal year 2020 to be – 1.5 billion to $1.5 billion, compared with $3.1 billion in the same period in 2019. This expectation assumes that the cost associated with the new coronavirus will be about $4 billion.

Amazon’s net product sales in the second quarter were US $50.244 billion, up from US $35.856 billion in the same period of last year; and net service sales were $38.668 billion, up from $27.548 billion in the same period last year.

by region, Amazon’s North America Division (USA, Canada) had net sales of US $55.436 billion in the second quarter, up 43% from US $38.653 billion in the same period of last year, and operating profit of US $2.141 billion, compared with us $1.564 billion in the same period of last year.

Amazon International (UK, Germany, France, Japan and China) had net sales of US $22.668 billion in the second quarter, up 38% from US $16.370 billion in the same period of last year; the operating profit was $345 million, compared with the operating loss of $601 million in the same period of last year.

the net sales of Amazon AWS cloud service in the second quarter was 10.808 billion US dollars, 29% higher than that of 8.381 billion US dollars in the same period of last year, and the operating profit was 3.357 billion US dollars, compared with 2.121 billion US dollars in the same period of last year.

Amazon’s sales from North America accounted for 62% of total sales in the second quarter, compared with 61% in the same period of last year; sales from international departments accounted for 26% of total sales, which was flat compared with the same period of last year; sales from AWS cloud services accounted for 12% of total sales, compared with the same period of last year 13% in the same period.

by service and business type, Amazon’s net sales from online stores in the second quarter were 45.896 billion U.S. dollars, up 48% compared with 31.053 billion US dollars in the same period of last year, with a year-on-year increase of 49%, excluding the impact of exchange rate changes; the net sales of

from physical stores was 3.774 billion U.S. dollars, down 13% compared with the same period last year of $4.330 billion, not included

net sales from third-party seller services increased by 52% compared with $11.962 billion in the same period of last year, with a year-on-year increase of 53%, excluding the impact of exchange rate changes.

the net sales of subscription services were $6.018 billion, 29% higher than that of $4.676 billion in the same period last year

the net sales of AWS cloud services were $108.08, 29% higher than that of $8.381 billion in the same period of last year, and the same 29% increase was not included in the impact of exchange rate changes;

the net sales from other businesses were $4.221 billion, 41% higher than that of $3.002 billion in the same period of last year, not included in the exchange rate The impact of the change was also 41% year-on-year.

in the 12 months to June 30, 2020, Amazon’s operating cash flow was $51.2 billion, an increase of 42% over the same period of the previous year; in the 12-month period ending June 30, 2019, Amazon’s operating cash flow was $36 billion. In the 12 months to June 30, 2020, Amazon’s free cash flow was $31.9 billion, up from the same period in the previous year; in the 12-month period ending June 30, 2019, Amazon’s free cash flow was $25 billion. After deducting the principal repayment, Amazon’s free cash flow in the past 12 months was $21.3 billion, higher than that in the same period of last year; in the 12 months ending June 30, 2019, Amazon’s free cash flow after deducting the above items was $16.1 billion. After deducting the principal repayment and the assets acquired under the capital lease, Amazon’s free cash flow in the past 12 months was $19.4 billion, higher than that in the same period of the previous year; in the 12 months ending June 30, 2019, Amazon’s free cash flow after deducting the above items was $13 billion.

Amazon expects net sales of $87 billion to $93 billion in the third quarter of fiscal year 2020, up 24% to 33% year-on-year, including the negative impact of exchange rate changes expected to bring about about about 20 basis points. The median of this outlook is $90 billion, exceeding analysts’ previous expectations; operating profit is between $2 billion and $5 billion, compared with operating profit in the same period of 2019 At $3.2 billion, this outlook assumes that the costs associated with the new coronavirus outbreak will reach $2 billion. According to data provided by Yahoo Finance Channel, 37 analysts had expected Amazon’s net sales in the third quarter to reach $86.29 billion.

on the same day, Amazon shares rose $18.35, or 0.60%, to close at $3051.88 in Nasdaq regular trading. Amazon shares rose another $152.12, or 4.98%, to $3204.00 in after hours trading that ended at 4:53 p.m. EDT (4:53 a.m. Beijing time) on Thursday. In the past 52 weeks, Amazon’s highest price was $3344.29 and its lowest price was $3005.05.