Amazon Just Posted a Record Profit Margin: 3 Reasons It Will Get Even Better

Gone are the days when Amazon (NASDAQ:AMZN) was just a company operating at breakeven, surrounded by doubts over whether it would ever be profitable. Today, the company is an absolute profit-generating machine. Amazon finished 2020 with $21.3 billion in net income, making it one of the most profitable companies in the world, and in the first quarter of this year, the company posted a bottom-line result of $8.1 billion, setting a new quarterly record. At a net margin of 7.5%, the quarter also represented its highest profit margin in more than a decade.