Daily Data Dive

PYMNTS Daily Data Dive: Amazon’s Growth

Overall, publicly traded online retailers outperformed even the overall well-performing eCommerce market — but gains were largely due to Amazon.

Total online sales grew 15.6 percent in the third quarter year over year, reaching a total of $93.67 billion. The 32 publicly held eCommerce companies with quarterly data actually grew 22.5 percent in the third quarter of 2016 to $41.32 billion, up from $33.73 billion in the same period of 2015.

Amazon’s third-quarter revenue from sales, commissions and merchant fees rose 26.7 percent to $29.48 billion, up from $23.27 billion a year ago. This means that Amazon accounted for 81.7 percent of the third quarter’s total web revenue growth reported for the 32 publicly held online retailers.

The other 31 public e-retailers saw online sales revenue growth of 13.3 percent on average.

15.6 percent | Online sales growth in Q3 2016

$93.67 billion | Value of online sales growth in Q3

32 | Publicly held eCommerce companies surveyed

22.5 percent | Sales growth among publicly held companies in Q3

$41.32 billion | Value of publicly held companies’ Q3 sales growth

26.7 percent | Amazon’s Q3 sales growth

$29 billion | Value of Amazon’s Q3 sales growth

81.7 percent | Amazon’s share of Q3 web revenue growth of the 32 publicly held companies

13.3 percent | The other 31 online merchants’ average growth in Q3

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New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

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