It already exceeds 8,000 million in income and manages to be profitable

Amazon managed Your corporate blog. That is 13% more than the previous year, marking a new record since its arrival in the country in 2010. But the most notable is the turn in its profitability.

The Spanish subsidiaries 36 million losses in 2023 were passed to 1.5 million benefits. Its main logistics division, Amazon Spain Fulfillment, multiplied by ten its benefit to 19.2 million, while Amazon Road Transport quintupled it to 10.45 million.

This growth is mainly driven by its holy Trinity:

1. Online store.
2. Cloud services.
3. Digital advertising.

Why is it important. The technological giant has established itself as one of the ten largest employers in Spain with 28,000 permanent workers, being the company that has created the most stable employment in the last five years.

Its total fiscal contribution exceeded 1.3 billion euros, distributed among more than 400 million in direct taxes (mainly social security and companies tax) and more than 900 million in indirect taxes (VAT and withholdings).

The panoramic. The company has invested 4,500 million in Spain during 2024, 32% more than the previous year, with special focus on logistics infrastructure and data centers.

Amazon has 40 logistics facilities throughout the country and has announced an investment of 15.7 billion to expand its Cloud region in Aragon. Its template reached 28,000 employees, adding 3,000 positions for 2024.

Yes, but. Although Amazon speaks of a fiscal contribution of 1,300 million, its taxation for benefits in Spain is still completely broken down.

The company emphasizes that it paid more than 400 million in direct taxes, but this figure mainly includes contributions to social security and other taxes, without specifying how strictly corresponds to the Corporation Tax.

In detail. The greatest growth occurred in its technological areas: the Data Services subsidiary increased income by 60%, and the audiovisual division, 55.7%.

• Amazon Data Services, which manages data centers, received an injection of 500 million to expand its infrastructure in Aragon.
• Amazon Digital Spain, responsible for Prime videohe invoiced 312 million, almost doubleing his benefit.
• Amazon Online Spain, dedicated to advertising, multiplied its benefit for ten to 6.3 million.

And now what. Amazon still does not reveal the specific income of your online store and AWS In Spain, when operating these areas through luxembourg branches.

It is estimated that these operations generate about 4,650 million euros in Spain, approximately 58% of the total business, but its results do not break down with the same transparency as the subsidiaries constituted in the country.

Outstanding image | Adrian Sulyok (UNSPLASH)

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