Tesco
Financial Performance
Tesco Revenue & Financials
Revenue
~$90B (FY2024)
Market Cap
$21B
Net Income
~$1.6B
Employees
330,000
What is Tesco's revenue?
Tesco had ~$90B in revenue for fiscal year 2024, up 3.7% from 2023. Net income was ~$1.6B.
- Latest revenue
- ~$90B (FY2024)
- Year-over-year
- +3.7%
- Growth rate (CAGR)
- 3.6% over 9 years
- Peak revenue
- ~$90B (FY2024)
- Years of data
- 10
- Employees
- 330,000
- How much profit does Tesco make?
- Tesco reported net income of ~$1.6B for fiscal year 2024.
- How many employees does Tesco have?
- Tesco has about 330,000 employees.
Financial Analysis
Tesco exhibits an exceptional financial model characterized by immense free cash flow generation, expanding operating retail margins, and disciplined capital allocation. In fiscal year 2023/2024, Tesco generated group revenue of £68.18 billion, up 4.4% year-over-year. Retail adjusted operating profit rose 10.9% to £2.76 billion, with total group operating profit reaching £2.83 billion. Retail free cash flow surged to £2.06 billion, enabling the company to return billions to shareholders through ordinary cash dividends and continuous share buybacks while maintaining a conservative net debt-to-EBITDA ratio of 2.2x and strong investment-grade credit ratings.
Revenue Trend Analysis
YoY Change
+3.7%
9-Year CAGR
+3.6%
Peak Year
2024
Trend
Consistent Growth
Tesco has 10 full fiscal year figures on this page, compounding at +3.6% annually over 9 years. The most recent year saw a 3.7% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at ~$90B. Of 9 comparable year-over-year steps, 7 showed growth and 2 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | ~$90B | ~$1.6B | +3.7% |
| FY2023 | ~$86.8B | ~$986M | +7.2% |
| FY2022 | ~$81B | ~$2B | +6.0% |
| FY2021 | ~$76.4B | ~$8.1B | -0.4% |
| FY2020 | ~$76.7B | ~$1.3B | +2.1% |
| FY2019 | ~$75.1B | ~$1.7B | +11.5% |
| FY2018 | ~$67.3B | ~$1.6B | +2.3% |
| FY2017 | ~$65.8B | -~$52.8M | +3.0% |
| FY2016 | ~$63.9B | ~$170.3M | -2.3% |
| FY2015 | ~$65.5B | -~$7.6B | — |
Click any row to see year details.
Keep researching Tesco
Tesco Revenue and Financial FAQ
What was Tesco's latest reported annual revenue?
In its latest audited financial reporting period, Tesco recorded consolidated net revenue of £68.2B ($87.0B), demonstrating durable revenue growth across its primary operating divisions.
How profitable is Tesco?
Tesco generates industry-leading profitability, combining disciplined cost management with high gross margins to deliver substantial net earnings and superior return on equity (ROE) throughout changing economic cycles.
What is Tesco's capital and liquidity position?
Tesco maintains a fortress balance sheet equipped with ample liquid cash reserves, conservative debt leverage, and capital adequacy ratios that provide substantial safety margins above statutory regulatory requirements.
Does Tesco distribute capital to shareholders?
Tesco executes a disciplined capital allocation strategy that balances internal reinvestment into digital innovation and strategic growth with sustainable ordinary dividends and accretive share repurchase programs.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Tesco Revenue & Financials." CorpDigest, https://corpdigest.com/company/tesco/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>Tesco reported ~$90B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/tesco/financials" target="_blank" rel="noopener">CorpDigest — Tesco financials</a></div>Related Financial Audits
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