Rakuten
Financial Performance
Rakuten Revenue & Financials
Revenue
~$16.7B (FY2025)
Market Cap
$9.8B
Employees
33,000
What is Rakuten's revenue?
Rakuten had ~$16.7B in revenue for fiscal year 2025, up 9.5% from 2024. It reported a net loss of ~$1.2B.
- Latest revenue
- ~$16.7B (FY2025)
- Year-over-year
- +9.5%
- Growth rate (CAGR)
- 10.4% over 4 years
- Peak revenue
- ~$16.7B (FY2025)
- Years of data
- 5
- Employees
- 33,000
- How much profit does Rakuten make?
- Rakuten reported a net loss of ~$1.2B for fiscal year 2025. stockanalysis.com
- How many employees does Rakuten have?
- Rakuten has about 33,000 employees.
Financial Analysis
Rakuten's results for most of the 2020s were shaped by one decision: building Japan's fourth mobile network from 2018 onward. Net losses reached ~$2.5 billion (¥372.9 billion) in FY2022 and ~$2.27 billion (¥339.5 billion) in FY2023 while revenue kept growing. Losses narrowed to ~$1.09 billion (¥162.4 billion) in FY2024 and about $1.19 billion (¥177.9 billion) in FY2025 on revenue of ~$16.8 billion (¥2.50 trillion). The turn came in Q2 2026: revenue of ~$4.46 billion (¥665.5 billion) (+11.6%), EBITDA of ~$773 million (¥115.3 billion) and net income of ~$182 million (¥27.2 billion), the first quarterly profit since Q2 2020, with management targeting a full-year profit for 2026. Rakuten Group, Inc. is a massive Japanese electronic commerce and online retailing company, operating a highly diverse global ecosystem with a market valuation generally exceeding $10 billion.
Revenue Trend Analysis
YoY Change
+9.5%
4-Year CAGR
+10.4%
Peak Year
2025
Trend
Consistent Growth
Rakuten has 5 full fiscal year figures on this page, compounding at +10.4% annually over 4 years. The most recent year saw a 9.5% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at ~$16.7B. Of 4 comparable year-over-year steps, 4 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2025 | ~$16.7B | -~$1.2B | +9.5% | Rakuten Group (TYO:4755) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2025-12-31. |
| FY2024 | ~$15.3B | -~$1.1B | +10.0% | Rakuten Group (TYO:4755) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2024-12-31. |
| FY2023 | ~$13.9B | -~$2.3B | +7.4% | Rakuten Group (TYO:4755) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2023-12-31. |
| FY2022 | ~$12.9B | -~$2.5B | +14.6% | Rakuten Group (TYO:4755) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2022-12-31. |
| FY2021 | ~$11.3B | -~$896.6M | — | Rakuten Group (TYO:4755) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2021-12-31. |
Click any row to see year details.
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Rakuten Revenue and Financial FAQ
What was Rakuten Group's revenue in FY2025?
Rakuten reported revenue of ~$16.7 billion (¥2,496.6 billion) for the year ended December 31, 2025, up 9.5%, with Internet Services, FinTech and Mobile all growing. It still recorded a net loss of about $1.19 billion (¥177.9 billion).
Is Rakuten profitable in 2026?
Rakuten posted net income of ~$182 million (¥27.2 billion) in Q2 2026, its first quarterly profit since Q2 2020, on record Q2 revenue of ~$4.46 billion (¥665.5 billion). Non-GAAP operating income rose to ~$281 million (¥42.0 billion) from ~$135 million (¥20.1 billion), and management is aiming for a full-year profit in 2026.
What is Rakuten Group's market capitalization?
Rakuten's market value was about $10.7 billion (¥1.6 trillion) in mid-September 2026, roughly $9.8 billion.
How profitable is Rakuten's FinTech segment?
In Q2 2026 FinTech revenue rose 27% to ~$1.98 billion (¥295.4 billion) and non-GAAP operating income rose 60.1% to ~$464 million (¥69.2 billion), making it the group's main profit source.
How large are Rakuten Bank and Rakuten Securities?
As of Q2 2026, Rakuten Bank had 18.46 million accounts and ~$89.1 billion (¥13.3 trillion) of standalone deposits, and Rakuten Securities had 14.39 million accounts, up 14.5% year over year.
What is the October 2026 fintech reorganization?
Rakuten Card and Rakuten Securities Holdings are being consolidated under a new Rakuten Bank group in October 2026. Rakuten expects at least about $221 million (¥33 billion) of combined synergies in the fiscal year ending March 2028 and about $570 million (¥85 billion) by the fiscal year ending March 2030.
How did Rakuten Mobile affect results?
The network build-out drove net losses of ~$2.5 billion (¥372.9 billion) in FY2022 and ~$2.27 billion (¥339.5 billion) in FY2023. Losses narrowed in FY2024 and FY2025 as Mobile revenue grew and costs fell, setting up the Q2 2026 return to profit.
What is Rakuten Group’s annual revenue scale?
Rakuten Group generates over 2.0 trillion to 2.2+ trillion Japanese Yen (approx. $14B–$15B+ USD) in consolidated annual revenues, driven by steady expansion in Internet Services and double-digit growth in FinTech.
How profitable is Rakuten’s FinTech segment?
Rakuten FinTech is a highly profitable growth engine, consistently generating over 100 billion to 125+ billion Yen in annual operating income across Rakuten Card, Rakuten Bank, and Rakuten Securities.
What financial impact did the Rakuten Mobile buildout have on corporate earnings?
Constructing Japan’s fourth national mobile network required heavy capital expenditure and generated cumulative operating losses in the Mobile segment, temporarily depressing group consolidated net earnings from 2020 through 2023.
How is Rakuten executing its financial deleveraging and debt management plan?
Rakuten completed successful partial public listings of Rakuten Bank, sold minority stakes in Rakuten Securities to Mizuho Financial Group, issued US Dollar bonds, and reduced network CapEx as cell site coverage reached over 99% of Japan’s population.
What is Rakuten’s Gross Merchandise Sales (GMS) scale in Japan?
Domestic E-Commerce Gross Merchandise Sales (GMS) across Rakuten’s Japanese internet services exceeds 5.5 trillion to 6.0 trillion Yen annually, demonstrating strong merchant volume and consumer loyalty.
What was the financial outcome of the Rakuten Bank IPO in 2023?
In April 2023, Rakuten completed the IPO of Rakuten Bank on the Tokyo Stock Exchange, raising over 70 billion Yen in fresh capital while retaining controlling majority ownership.
When does Rakuten Mobile project reaching operating EBITDA breakeven?
Through roaming cost rationalization with KDDI, network base station completion, and subscriber expansion past 7 million to 8+ million users, Rakuten Mobile is on track toward monthly EBITDA profitability.
How do institutional credit rating agencies evaluate Rakuten Group?
Agencies monitor Rakuten’s debt maturity schedule closely; management’s proactive asset monetizations and capital partnerships with Japan Post and Mizuho have strengthened liquidity to meet bond repayment obligations.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Rakuten Revenue & Financials." CorpDigest, https://corpdigest.com/company/rakuten/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>Rakuten reported ~$16.7B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/rakuten/financials" target="_blank" rel="noopener">CorpDigest — Rakuten financials</a></div>Related Financial Audits
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