Was 2020 The Vanguard Group, Inc.'s best revenue year?

No. The Vanguard Group, Inc.'s highest recorded revenue year was 2024 at $9.2B. In 2020, The Vanguard Group, Inc. reported $7.2B.

What was The Vanguard Group, Inc.'s highest ever annual revenue?

The Vanguard Group, Inc.'s highest ever annual revenue was $9.2B recorded in fiscal year 2024.

The Vanguard Group, Inc.

Asset Management and Investment ServicesFounded 1974

Reviewed by Swet Parvadiya

Last reviewed: July 2025

Explore The Vanguard Group, Inc.

Core profile pages, annual revenue records, and related research hubs for this company.

The Vanguard Group, Inc.

Asset Management and Investment ServicesFounded 1974

Reviewed by Swet Parvadiya

Last reviewed: July 2025

Annual Revenue

The Vanguard Group, Inc. Revenue in 2020

Q: What was The Vanguard Group, Inc.'s revenue in 2020?

The Vanguard Group, Inc. reported $7.2B in revenue for fiscal year 2020. Estimated fiscal 2020 revenue of about $7.2 billion reflects Vanguard's at-cost model, where fund fees track a growing base of assets under management rather than external profit targets.

FY2020 Revenue

$7.2B

Source: Annual report / company filing

The Vanguard Group, Inc. reported $7.2B in revenue for fiscal year 2020. In 2021, revenue increased to $8.1B.

Estimated fiscal 2020 revenue of about $7.2 billion reflects Vanguard's at-cost model, where fund fees track a growing base of assets under management rather than external profit targets.

Revenue by Year

FY2024 FY2023 FY2022 FY2021 FY2020

The Vanguard Group, Inc. Annual Revenue History

Year	Revenue	YoY Change
FY2024	$9.2B	+8.2%
FY2023	$8.5B	+9.0%
FY2022	$7.8B	-3.7%
FY2021	$8.1B	+12.5%
FY2020	$7.2B	—

Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.

Next year →

FY2021: $8.1B

Explore The Vanguard Group, Inc.

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