Best Buy
Financial Performance
Best Buy Revenue & Financials
Revenue
$43.5B (FY2024)
Market Cap
$20.1B
Net Income
$1.2B
Employees
100,000
What is Best Buy's revenue?
Best Buy had $43.5B in revenue for fiscal year 2024, down 6.1% from 2023. Net income was $1.2B.
- Latest revenue
- $43.5B (FY2024)
- Year-over-year
- -6.1%
- Growth rate (CAGR)
- 0.8% over 9 years
- Peak revenue
- $51.8B (FY2022)
- Years of data
- 10
- Employees
- 100,000
- How much profit does Best Buy make?
- Best Buy reported net income of $1.2B for fiscal year 2024.
- How many employees does Best Buy have?
- Best Buy has about 100,000 employees.
Financial Analysis
In FY2024, Best Buy generated $43.45 billion in total revenue and $1.24 billion in GAAP net income, generating over $2.1 billion in operating cash flow while returning over $1.1 billion to shareholders via dividends and share repurchases.
Revenue Trend Analysis
YoY Change
-6.1%
9-Year CAGR
+0.8%
Peak Year
2022
Trend
Mostly Growing
Best Buy has 10 full fiscal year figures on this page, compounding at +0.8% annually over 9 years. The most recent year saw a 6.1% decline versus the prior year. Annual revenue peaked in fiscal year 2022 at $51.8B. Of 9 comparable year-over-year steps, 5 showed growth and 4 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | $43.5B | $1.2B | -6.1% |
| FY2023 | $46.3B | $1.4B | -10.6% |
| FY2022 | $51.8B | $2.5B | +9.5% |
| FY2021 | $47.3B | $1.8B | +8.3% |
| FY2020 | $43.6B | $1.5B | +1.8% |
| FY2019 | $42.9B | $1.5B | +1.7% |
| FY2018 | $42.2B | $1B | +7.0% |
| FY2017 | $39.4B | $1.2B | -0.3% |
| FY2016 | $39.5B | $897M | -2.0% |
| FY2015 | $40.3B | $1.2B | — |
Click any row to see year details.
Keep researching Best Buy
Best Buy Revenue and Financial FAQ
What was Best Buy's total revenue and net income for FY2025?
According to Best Buy Co., Inc.'s Form 10-K filed with the SEC, the company generated $43.452 billion in consolidated enterprise revenue for fiscal year 2025, with GAAP net income of $1.241 billion and diluted earnings per share of $5.75.
What percentage of Best Buy's sales come from online e-commerce?
Digital sales account for approximately 33% to 35% of Best Buy's domestic sales, up dramatically from approximately 16% in fiscal 2019, reflecting its mature omnichannel ship-from-store and curbside fulfillment infrastructure.
What is Best Buy's capital allocation and dividend policy?
Best Buy maintains an investment-grade balance sheet, returning capital to shareholders through consecutive quarterly dividend increases (yielding roughly 4-5%) and disciplined share repurchase authorizations funded by annual operating cash flows exceeding $1.5 billion.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Best Buy Revenue & Financials." CorpDigest, https://corpdigest.com/company/best-buy/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Best Buy reported $43.5B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/best-buy/financials" target="_blank" rel="noopener">CorpDigest — Best Buy financials</a></div>Related Financial Audits
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