How did Adidas AG's revenue change from 2021 to 2022?

Adidas AG revenue grew from $22.9B in 2021 to $24.3B in 2022, a change of 6.0%.

Was 2022 Adidas AG's best revenue year?

No. Adidas AG's highest recorded revenue year was 2025 at $26.8B. In 2022, Adidas AG reported $24.3B.

What was Adidas AG's highest ever annual revenue?

Adidas AG's highest ever annual revenue was $26.8B recorded in fiscal year 2025.

Adidas AG Revenue in 2022: $24.3B

Q: What was Adidas AG's revenue in 2022?

Adidas AG reported $24.3B in revenue for fiscal year 2022. This represents a +6.0% change compared to 2021. 2022 was Adidas's last year before the Yeezy fallout. In October 2022 it terminated the partnership with Kanye West (Ye) following his antisemitic remarks, leaving roughly EUR1.2 billion of unsold Yeezy inventory and setting up the revenue decline that followed.

FY2022 Revenue

$24.3B

▲ 6% vs FY2021 ($22.9B)

Source: Annual report / company filing

Adidas AG reported $24.3B in revenue for fiscal year 2022. This represents a growth of 6% compared to the 2021 figure of $22.9B. In 2023, revenue declined to $23.1B.

2022 was Adidas's last year before the Yeezy fallout. In October 2022 it terminated the partnership with Kanye West (Ye) following his antisemitic remarks, leaving roughly EUR1.2 billion of unsold Yeezy inventory and setting up the revenue decline that followed.

Revenue by Year

FY2025 FY2024 FY2023 FY2022 FY2021

Adidas AG Annual Revenue History

Year	Revenue	Net Income	YoY Change
FY2025	$26.8B	$1.3B	+4.8%
FY2024	$25.6B	—	+10.5%
FY2023	$23.1B	—	-4.8%
FY2022	$24.3B	—	+6.0%
FY2021	$22.9B	—	—

Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.