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Major Growth Could Be Ahead for Amazon: 1 Chart All Investors Should See

TheMotleyFool

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Major Growth Could Be Ahead for Amazon: 1 Chart All Investors Should See: https://g.foolcdn.com/editorial/images/755591/getty-images-amazon-packaged-delivery-online-shopping-e-commerce-mercadolibre.jpeg

Amazon (NASDAQ: AMZN) founder Jeff Bezos once said, "Your margin is my opportunity." Today, the e-commerce giant helmed by Andy Jassy is on a path to generating better profit margins than it has in its history.

Amazon's North American business, accounting for over 60% of the company's revenue, has improved its operating margin for six straight quarters. And it's likely to build on that progress in the fourth quarter and throughout 2024.

There are several factors driving the improved profitability of Amazon's core business. One chart shows where Amazon's bottom line could go in 2024.

Source Fool.com

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