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Best Buy revenue
Best Buy's revenue is $41.5 billion.
What is Best Buy's revenue?
- Best Buy's revenue growth from 1997 to 2024 is 398.07%.
- Best Buy has 102,000 employees, and the revenue per employee ratio is $407,137.
- Best Buy's peak quarterly revenue was $16.9B in 2020(q4).
- Best Buy peak revenue was $51.8B in 2021.
- Best Buy annual revenue for 2023 was 43.5B, -6.15% growth from 2022.
- Best Buy annual revenue for 2024 was 41.5B, -4.43% growth from 2023.
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Best Buy historical revenue
Best Buy's peak revenue was $51.8B in 2021. The peak quarterly revenue was $16.9B in 2020(q4).
Best Buy's revenue increased from $8.3b in 1997 to $41.5B currently. That's a 398.07% change in annual revenue.
Best Buy annual revenue
Best Buy annual revenue over time
| Fiscal year / year | Best Buy revenue |
|---|---|
| 2009 | $45.0B |
| 2010 | $49.2B |
| 2011 | $49.7B |
| 2012 | $41.3B |
| 2013 | $38.3B |
| 2014 | $40.3B |
| 2015 | $39.5B |
| 2016 | $39.4B |
| 2017 | $42.2B |
| 2018 | $42.9B |
| 2019 | $43.6B |
| 2020 | $47.3B |
| 2021 | $51.8B |
| 2022 | $46.3B |
| 2023 | $43.5B |
| 2024 | $41.5B |
How accurately did Best Buy's revenue projections match actual performance?
Best Buy annual growth
Best Buy saw the greatest revenue growth in 2007, when revenue increased by 29.74%.
Best Buy had the lowest revenue growth in 2012, when revenue changed by -16.96%.
Best Buy annual growth rate over time
| Year | Best Buy growth |
|---|---|
| 2009 | 12%↑ |
| 2010 | 9%↑ |
| 2011 | 1%↑ |
| 2012 | -17%↓ |
| 2013 | -7%↓ |
| 2014 | 5%↑ |
| 2015 | -2%↓ |
| 2016 | -0%↓ |
| 2017 | 7%↑ |
| 2018 | 2%↑ |
| 2019 | 2%↑ |
| 2020 | 8%↑ |
| 2021 | 10%↑ |
| 2022 | -11%↓ |
| 2023 | -6%↓ |
| 2024 | -4%↓ |
Best Buy quarterly revenue over time
- Q1
- Q2
- Q3
- Q4
Best Buy quarterly growth rate over time
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2009 | $10.1B | $11.0B | $11.5B | $16.1B |
| 2010 | $10.8B | $11.0B | $12.0B | $16.1B |
| 2011 | $10.8B | $11.3B | $11.9B | $11.1B |
| 2012 | $11.4B | $10.9B | $11.1B | $7.9B |
| 2013 | $10.4B | $9.3B | $9.4B | $9.2B |
| 2014 | $9.3B | $9.3B | $9.3B | $12.4B |
| 2015 | $8.6B | $8.5B | $9.0B | $13.4B |
| 2016 | $8.4B | $8.5B | $8.9B | $13.5B |
| 2017 | $8.5B | $8.9B | $9.3B | $15.4B |
| 2018 | $9.1B | $9.4B | $9.6B | $14.8B |
| 2019 | $9.1B | $9.5B | $9.8B | $15.2B |
| 2020 | $8.6B | $9.9B | $11.9B | $16.9B |
| 2021 | $11.6B | $11.8B | $11.9B | $16.4B |
| 2022 | $10.6B | $10.3B | $10.6B | $14.7B |
| 2023 | $9.5B | $9.6B | $9.8B | $14.6B |
| 2024 | $8.8B | $9.3B | $9.4B | $13.9B |
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Is Best Buy transparent about its revenue structure?
Best Buy financial information
| CEO | Corie Barry |
| Industry | Retailing |
| Company Type | Public |
| Employees Number | 102,000 |
| Date Founded | 1966 |
| Headquarters | Richfield, Minnesota |
| Number of Locations | 24 |
| Revenue | $41.5B |
| Net Income | $1,419,000,000 |
| Gross Proft | $9.4B (2024) |
| PE Ratio | 15.03 |
| Tax Rate | 0.3% |
| Market Capitalization | $13.9B |
| Total Assets | $15,803,000,000 |
| Ticker | BBY |
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Best Buy competitors
Best Buy's top competitor, Walmart, earned an annual revenue of $681.0B.
Best Buy's smallest competitor is Sears Holdings with revenue of $1.4B last year.
| Company name | Average salary | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Staples | $37,239 | $18.2B | 75,000 | 2,038 |
| Walmart | $31,618 | $681.0B | 2,300,000 | 43,881 |
| Fry's Electronics | $31,361 | $2.4B | 14,000 | - |
| JCPenney | $28,425 | $11.2B | 60,000 | 4,876 |
| Sears Holdings | $31,936 | $1.4B | 85,000 | 457 |
| Macy's | $30,203 | $23.0B | 130,000 | 2,409 |
| Lowe's Companies | $30,203 | $83.7B | 300,000 | 3,628 |
| Nordstrom | $33,810 | $15.0B | 74,000 | 1,449 |
| The Home Depot | $31,965 | $159.5B | 500,001 | 17,137 |
| Office Depot | $35,997 | $7.0B | 38,000 | 1,044 |
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Zippia gives an in-depth look into the details of Best Buy, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Best Buy. The employee data is based on information from people who have self-reported their past or current employments at Best Buy. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Best Buy. The data presented on this page does not represent the view of Best Buy and its employees or that of Zippia.
Best Buy may also be known as or be related to Best Buy, Best Buy Co Inc, Best Buy Co., Inc., Sound of Music (1966–1983) Best Buy Co. Superstores (1983–1984) Best Buy Superstores (1984–1989) and best buy geek squad.