Amazon.com, Inc. on Thursday announced its financial results for the fourth quarter ending Dec. 31, 2024, with net sales of 187.8 billion U.S. dollars, up 10 percent year on year.

The company's net income increased to 20.0 billion dollars in the fourth quarter, or 1.86 dollars per diluted share, compared with 10.6 billion dollars, or 1.00 dollars per diluted share, in the fourth quarter of 2023.

Its net income increased to 59.2 billion dollars in the full year of 2024, or 5.53 dollars per diluted share, compared with 30.4 billion dollars, or 2.90 dollars per diluted share, in 2023.

Amazon's net sales increased 11 percent to 638.0 billion dollars in 2024, compared with 574.8 billion dollars in 2023.

The company's operating cash flow increased 36 percent to 115.9 billion dollars for the trailing 12 months, compared with 84.9 billion dollars for the trailing 12 months ending Dec. 31, 2023.

Its free cash flow increased to 38.2 billion dollars for the trailing 12 months, compared with 36.8 billion dollars for the trailing 12 months ending Dec. 31, 2023.

"The holiday shopping season was the most successful yet for Amazon," said Andy Jassy, president and CEO of Amazon.

The introduction of new Trainium2 artificial intelligence chip, the foundation models in Amazon Nova, and the next edition of Amazon SageMaker are among the most remarkable innovation delivered across Amazon's businesses, he said, adding that these are substantial enablers in the emerging technology environment.