October 21, 2010, 6:18 PM

Web sales grow nearly 40% for Amazon in Q3

Total net sales increased year over year 38.7% to $7.56 billion.

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It was another strong top and bottom line performance for Amazon, the largest online retailer, in the third quarter.

 For the three months ended Sept. 30, Amazon, No. 1 in the Internet Retailer Top 500 Guide, reported:

  • Net sales increased year over year 38.7% to $7.56 billion from $5.45 billion.  
  • North American net sales totaled $4.13 billion, up about 45% from $2.84 billion in Q3 2009.
  • International net sales totaled $3.43 billion, up 32% from $2.60 billion in Q3 2009.
  • Operating income grew year over year 14.6% to $401 million from $350 million.
  • Net income grew year over year 16% to $231 million from $199 million in Q3 2009.
  • Spending on marketing increased 61.7% to $241 million from $149 million in Q3 2009.
  • Spending on technology and content increased 40.3% to $442 million from $315 million in Q3 2009. 
  • Spending on fulfillment increased 45.9% to $680 million from $466 million in Q3 2009.
  • General and administrative spending rose year over year to $117 million from $83 million, an increase of 41%.

For the first nine months, Amazon reported: 

  • Net sales were $21.3 billion, a 42% increase from $15 billion in the first three quarters of 2009.
  • North American net sales totaled $11.5 billion, up 47.4% from $7.8 billion in the first three quarters of 2009
  • International net sales totaled $9.8 billion, up 38% from $7.1 billion in the first three quarters of 2009.
  • Operating income grew year over year 33.3% to $1.3 billion from $975 million.
  • Net income grew year over year 42.1% to $736 million from $518 million in the first three quarters of 2009.

Amazon expects net sales in the fourth quarter to range from $12 billion to $13.3 billion and operating income to range from $360 million to $560 million.

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