How did Diageo plc's revenue change from 2022 to 2023?

Diageo plc revenue grew from $21.1B in 2022 to $26.1B in 2023, a change of 23.7%.

Was 2023 Diageo plc's best revenue year?

Yes — 2023 was Diageo plc's highest recorded revenue year at $26.1B, the peak across all 3 years of available data.

What was Diageo plc's highest ever annual revenue?

Diageo plc's highest ever annual revenue was $26.1B recorded in fiscal year 2023.

Diageo plc

Global Premium Spirits and BeerFounded 1997

Reviewed by Swet Parvadiya

Last reviewed: July 2026

Explore Diageo

Core profile pages, annual revenue records, and related research hubs for this company.

Diageo plc

Global Premium Spirits and BeerFounded 1997

Reviewed by Swet Parvadiya

Last reviewed: July 2026

Annual Revenue

Diageo plc Revenue in 2023

Q: What was Diageo plc's revenue in 2023?

Diageo plc reported $26.1B in revenue for fiscal year 2023. This represents a +23.7% change compared to 2022. Revenue climbed 23.7% to a $26.1 billion peak as the post-pandemic on-trade recovery and accelerating premiumization powered the premium spirits boom across North America and Europe.

FY2023 Revenue

$26.1B

▲ 23.7% vs FY2022 ($21.1B)

Source: Annual report / company filing

Diageo plc reported $26.1B in revenue for fiscal year 2023. This represents a growth of 23.7% compared to the 2022 figure of $21.1B. In 2024, revenue declined to $25.7B.

Revenue climbed 23.7% to a $26.1 billion peak as the post-pandemic on-trade recovery and accelerating premiumization powered the premium spirits boom across North America and Europe.

Revenue by Year

FY2024 FY2023

Diageo plc Annual Revenue History

Year	Revenue	Net Income	YoY Change
FY2024	$25.7B	$4.7B	-1.4%
FY2023	$26.1B	—	+23.7%
FY2022	$21.1B	—	—

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

Next year →

FY2024: $25.7B

Explore Diageo

Core profile pages, annual revenue records, and related research hubs for this company.