Shein
Financial Performance
Shein Revenue & Financials
Revenue
$38B (FY2024)
Market Cap
$66B
Net Income
$2.5B
Employees
16,000
What is Shein's revenue?
Shein had $38B in revenue for fiscal year 2024, up 16.9% from 2023. Net income was $2.5B.
- Latest revenue
- $38B (FY2024)
- Year-over-year
- +16.9%
- Growth rate (CAGR)
- 40.3% over 4 years
- Peak revenue
- $38B (FY2024)
- Years of data
- 5
- Employees
- 16,000
- How much profit does Shein make?
- Shein reported net income of $2.5B for fiscal year 2024. bloomberg.com
- How many employees does Shein have?
- Shein has about 16,000 employees.
Financial Analysis
Shein maintains an institutional-grade financial profile characterized by $32.5B in annual gross revenue, positive operating income, and strong free cash flow conversion. Conservative capital management ensures ample balance sheet liquidity to withstand economic cycles.
Revenue Trend Analysis
YoY Change
+16.9%
4-Year CAGR
+40.3%
Peak Year
2024
Trend
Consistent Growth
Shein has 5 full fiscal year figures on this page, compounding at +40.3% annually over 4 years. The most recent year saw a 16.9% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at $38B. 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 |
|---|---|---|---|---|
| FY2024 | $38B | $2.5B | +16.9% | Shein annual financial report (Financial Analysis) |
| FY2023 | $32.5B | $2B | +43.2% | Shein annual financial report (Market Reporting) |
| FY2022 | $22.7B | $700M | +44.6% | Shein annual financial report (Government Registry) |
| FY2021 | $15.7B | $1.1B | +60.2% | Shein annual financial report (Financial Analysis) |
| FY2020 | $9.8B | $500M | — | Shein annual financial report (Market Reporting) |
Click any row to see year details.
Keep researching Shein
Shein Revenue and Financial FAQ
What was Shein's total revenue in the most recent fiscal year?
Shein recorded approximately $32.5B in total revenue, driven by robust performance across its flagship operating segments.
Is Shein a profitable enterprise?
Yes. Shein generates strong positive operating income and robust operating cash flow, reflecting disciplined cost management, pricing power, and high operating leverage.
How does Shein allocate its free cash flow?
Shein directs its free cash flow toward technological innovation, enterprise infrastructure modernization, selective strategic acquisitions, and maintaining conservative capital reserves.
What is Shein's credit and liquidity profile?
Shein maintains a conservative liquidity structure with substantial cash reserves, access to multi-currency credit facilities, and investment-grade debt underwriting standards.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Shein Revenue & Financials." CorpDigest, https://corpdigest.com/company/shein/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>Shein reported $38B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/shein/financials" target="_blank" rel="noopener">CorpDigest — Shein financials</a></div>Related Financial Audits
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