Think Amazon Rakes In Most of Its Profit Through E-Commerce? Nope -- 74% of Its Operating Income Instead Comes From This.
If your family is like mine, you kept Amazon (NASDAQ: AMZN) busy over the last few months. Rarely a day went by when we didn't have at least one Amazon package at our doorsteps.
Amazon's e-commerce unit has made the company a household name. The scale of its operations surpasses all others. So it would make sense if Amazon rakes in most of its profits from e-commerce. But it doesn't. Nearly three-quarters -- 74% -- of its operating income comes from another source.
Image source: Amazon.
Source Fool.com