IKEA Revenue & Financials

Scope matters for IKEA financials. The EUR 44.6 billion figure for FY2025 is total IKEA retail sales to customers across all 13 franchisee groups. It is not consolidated revenue for Ingka Group or Inter IKEA Group. IKEA is a franchise system, and there is no single consolidated income statement for the entire system. Its fiscal year ended 31 August 2025. Total IKEA retail sales were EUR 47.6 billion in FY2023, EUR 45.1 billion in FY2024 and EUR 44.6 billion in FY2025. Inter IKEA attributes the FY2025 decline largely to lower prices; it reported 2.6% higher sales volumes. A sales decline therefore does not by itself show that fewer products were sold. Ingka Group, the largest IKEA retailer, separately reported EUR 41.5 billion in FY2025 total revenue, EUR 39.0 billion in IKEA Retail sales, EUR 1.5 billion in operating income and EUR 1.4 billion in net profit. Inter IKEA Group, the franchisor and wholesale business, reported EUR 26.3 billion in FY2025 revenue. These numbers describe different entities and transactions. Adding Ingka revenue to Inter IKEA revenue would double-count some activity within the IKEA system. The retail-sales series below covers all franchisees. It should not be treated as Ingka Group's profit-and-loss statement. The linked IKEA, Ingka Group and Inter IKEA reports provide the underlying figures and definitions. IKEA is privately held; the foundation ownership of parts of the system does not make the operating companies non-profit businesses.