IKEA Group (INGKA Holding B.V.) Revenue in 2024

IKEA Group (INGKA Holding B.V.) reported $49.5B in revenue for fiscal year 2024. This represents a growth of 2.3% compared to the 2023 figure of $48.4B.

A total global retail sales figure of €47.2 billion (approximately $52.5 billion USD) for the fiscal year ended August 31, 2024, cements the IKEA franchise system as the undisputed dominant force in the global home furnishings and consumer goods sector, a financial achievement that masks one of the most complex and impenetrable corporate structures in modern retail history. For the fiscal year ended August 31, 2024, IKEA Group reported €44.6 billion (approximately $49.5 billion USD) in retail sales, while the broader IKEA franchise system achieved total global retail sales of €47.2 billion ($52.5 billion USD). IKEA Group, operating primarily through INGKA Holding B.V. generated €44.6 billion (approximately $49.5 billion USD) in retail sales for the fiscal year ended August 31, 2024, representing the successful execution of a massive strategic shift toward omnichannel retail, city-center formats, and circular economy initiatives. IKEA Group, operating through INGKA Holding B.V. reported €44.6 billion (approximately $49.5 billion USD) in retail sales for the fiscal year ended August 31, 2024, representing a slight decline from the €44.8 billion ($48.4 billion USD) generated in FY2023, reflecting the normalization of consumer spending patterns following the pandemic-era home improvement boom and the impact of inflation on discretionary household budgets. The broader IKEA franchise system, which includes independent franchisees and the Inter IKEA supply chain, achieved total global retail sales of €47.2 billion ($52.5 billion USD), demonstrating the resilience of the brand and the continued expansion of the franchise network in emerging markets.