Rocket Mortgage
Financial Performance
Rocket Mortgage Revenue & Financials
Revenue
$5.1B (FY2024)
Market Cap
$54.6B
Net Income
$636M
Employees
13,000
What is Rocket Mortgage's revenue?
Rocket Mortgage had $5.1B in revenue for fiscal year 2024, up 34.3% from 2023. Net income was $636M.
- Latest revenue
- $5.1B (FY2024)
- Year-over-year
- +34.3%
- Growth rate (CAGR)
- 3.9% over 9 years
- Peak revenue
- $15.7B (FY2020)
- Years of data
- 10
- Employees
- 13,000
- How much profit does Rocket Mortgage make?
- Rocket Mortgage reported net income of $636M for fiscal year 2024.
- How many employees does Rocket Mortgage have?
- Rocket Mortgage has about 13,000 employees.
Financial Analysis
In fiscal year 2024, Rocket Companies achieved a financial turnaround, generating $5.101B in total net revenue and $636M in GAAP net income, up from $3.799B in revenue and an underwriting loss of $390M in 2023. Closed loan origination volume rose to $101.15B, supported by higher gain-on-sale margins, strong recurring servicing cash flows, and rapid growth in Rocket Money subscription engagement.
Revenue Trend Analysis
YoY Change
+34.3%
9-Year CAGR
+3.9%
Peak Year
2020
Trend
Mostly Growing
Rocket Mortgage has 10 full fiscal year figures on this page, compounding at +3.9% annually over 9 years. The most recent year saw a 34.3% increase versus the prior year. Annual revenue peaked in fiscal year 2020 at $15.7B. 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 | $5.1B | $636M | +34.3% |
| FY2023 | $3.8B | -$390M | -34.9% |
| FY2022 | $5.8B | $700M | -54.8% |
| FY2021 | $12.9B | $6.1B | -17.9% |
| FY2020 | $15.7B | $9.4B | +207.5% |
| FY2019 | $5.1B | $894M | +21.5% |
| FY2018 | $4.2B | $549M | +6.8% |
| FY2017 | $3.9B | $1.1B | -3.9% |
| FY2016 | $4.1B | $960M | +13.9% |
| FY2015 | $3.6B | $720M | — |
Click any row to see year details.
Keep researching Rocket Mortgage
Rocket Mortgage Revenue and Financial FAQ
What was Rocket Companies' revenue and net income for FY2024?
Rocket Companies reported consolidated net revenue of $5.101 billion and GAAP net income of $636 million for fiscal year 2024, demonstrating strong recovery and margin discipline in a 7%+ interest rate environment.
How much total mortgage volume does Rocket Mortgage originate annually?
Rocket Mortgage originated approximately $100 billion in total closed loan volume in FY2024, maintaining its position as America's largest non-bank retail mortgage lender.
What is the value of Rocket Companies' Mortgage Servicing Rights portfolio?
Rocket's MSR portfolio represents over $500 billion in total unpaid principal balance (UPB), valued at approximately $6.5 billion to $7.0 billion on its balance sheet.
How much cash and liquidity does Rocket Companies hold?
Rocket maintains an industry-leading liquidity position with approximately $8.5 billion to $9.0 billion in total available liquidity, including cash on hand and undrawn warehouse credit lines.
What is Rocket's dividend and share repurchase policy?
Rocket Companies prioritizes internal fintech reinvestment and programmatic share repurchases, utilizing its board-authorized buyback programs to repurchase undervalued RKT shares during cyclical rate troughs.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Rocket Mortgage Revenue & Financials." CorpDigest, https://corpdigest.com/company/rocket-mortgage/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>Rocket Mortgage reported $5.1B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/rocket-mortgage/financials" target="_blank" rel="noopener">CorpDigest — Rocket Mortgage financials</a></div>Related Financial Audits
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