In the third quarter of 2024, Google's revenue amounted to over 96.05 billion U.S. dollars, up from the 85.5 billion U.S. dollars registered in the same quarter a year prior. The company amounted to an annual revenue of 348.16 billion U.S. dollars throughout 2024, its highest value to date, with most of its earnings being powered by advertising through Google sites and its network. Google advertising The foundations of Google's earnings are its advertising revenues, generated through its Google Ads platform, which enables advertisers to display ads, product listings, and service offerings across its extensive network (properties, partner sites, and apps) to web users via programs like AdSense or AdSearch. In 2024, Google accounted for most of its parent company Alphabet's annual revenues with 234.2 billion U.S. dollars in Google website ad revenues alone. Other sources of revenue Google's multitude of income sources also includes digital content products and apps sold through the digital content distribution platform Google Play, as well as hardware including Chromecast devices and smartphones. Geographically, the biggest single country share of Alphabet’s revenue comes from the United States, and close to 30 percent of revenues originate from the EMEA region.
In the most recently reported fiscal year, Google's revenue amounted to 348.16 billion U.S. dollars. Google's revenue is largely made up by advertising revenue, which amounted to 264.59 billion U.S. dollars in 2024. As of October 2024, parent company Alphabet ranked first among worldwide internet companies, with a market capitalization of 2,02 billion U.S. dollars. Google’s revenue Founded in 1998, Google is a multinational internet service corporation headquartered in California, United States. Initially conceptualized as a web search engine based on a PageRank algorithm, Google now offers a multitude of desktop, mobile and online products. Google Search remains the company’s core web-based product along with advertising services, communication and publishing tools, development and statistical tools as well as map-related products. Google is also the producer of the mobile operating system Android, Chrome OS, Google TV as well as desktop and mobile applications such as the internet browser Google Chrome or mobile web applications based on pre-existing Google products. Recently, Google has also been developing selected pieces of hardware which ranges from the Nexus series of mobile devices to smart home devices and driverless cars. Due to its immense scale, Google also offers a crisis response service covering disasters, turmoil and emergencies, as well as an open source missing person finder in times of disaster. Despite the vast scope of Google products, the company still collects the majority of its revenue through online advertising on Google Site and Google network websites. Other revenues are generated via product licensing and most recently, digital content and mobile apps via the Google Play Store, a distribution platform for digital content. As of September 2020, some of the highest-grossing Android apps worldwide included mobile games such as Candy Crush Saga, Pokemon Go, and Coin Master.
Meta Platforms, formerly known as Facebook Inc., continues to dominate the digital landscape with impressive financial growth. In 2024, the company's annual revenue reached a staggering 164.5 billion U.S. dollars, marking a significant increase from 134.9 billion U.S. dollars in the previous year. This upward trajectory reflects Meta's ability to monetize its vast user base across multiple platforms, solidifying its position as a tech giant. Advertising remains the primary revenue driver The bulk of Meta's revenue stems from its advertising operations, particularly within its Family of Apps segment. In 2024, this segment, which includes Facebook, Instagram, Messenger, and WhatsApp, generated 162 billion U.S. dollars. Despite a slight dip in 2022, Meta's advertising revenue has shown remarkable resilience and growth potential. User engagement and global reach The company's global influence is further illustrated by the fact that every minute, 138.9 million Reels are played on Facebook and Instagram, showcasing the ongoing evolution of user engagement within the Meta ecosystem.
The net profit of Wise, formerly known as TransferWise, increased sharply between 2016 and 2024, reaching a peak in 2024 as profits of the neobank skyrocketed. In the 2024 fiscal year, the London-based company reported annual net profits of 354.6 million British pounds, an exceptionally sharp increase compared to the previous twelve months.
At the end of fiscal year 2023, the net loss of Air India stood at over 44.4 billion Indian rupees. It was a significant decrease in comparison with the previous year at 60 percent. Meanwhile, the revenue of the airline reached around 388 billion rupees. Air India was sold by the Indian government to Tata Group in October 2021. And it's to be merged with another airline under the Tata Group, Vistara by the end of 2024.
For the first time in almost a decade, online retail platform Amazon reported a net loss of 2.7 billion U.S. dollars in 2022. After that, in the fiscal year ending December 31st 2024, the net income amounted to 59.2 billion U.S. dollars. Amazon Web Services Amazon does not rely on retailing alone to generate profits. Its cloud business, AWS, is the one segment raking in steady profits with a 24.6 billion U.S. dollar operating income in the most recently reported year. The annual revenue of the business segment came to 90.3 billion U.S. dollars in 2023. As of the fourth quarter 2023, Amazon Web Services accounted for 31 percent of the global cloud infrastructure service market. Amazon’s other businessesDue to the company’s financial resources, Amazon has the capability to invest in new products and markets, such as online and offline grocery sales. In June 2017, Amazon purchased grocery retailer Whole Foods Market for 13.7 billion U.S. dollars, the company’s most expensive acquisition by far. This acquisition was primarily a move to expand the company's online grocery business, one of the fastest growing online shopping trends in the United States.
Apple reported net income of 93.74 billion U.S. dollars in its 2024 fiscal year, down from the highest net income to date in 2022. Apple’s global revenue amounted to 391 billion U.S. dollars in that same year. Founded in 1976 in California by Steve Jobs, Steve Wozniak and Ronald Wayne, Apple has over the years developed into one of the most valuable brands worldwide. The fiscal year end of the company is September, 30th. Apple’s products The product that contributed most to Apple’s success is the iPhone, which brought in 52 billion U.S. dollars sales revenue in the first quarter of 2019 alone. Revenues generated from iPhone sales consistently make up around 50 percent of Apple’s overall revenue in recent years. Other major Apple products include consumer electronic devices such as the Mac computers, iPad, Apple Watch and the smart speaker HomePod. Apple’s service products, such as the iTunes Store and iCloud, are becoming a greater part of the company’s business and provides new sources of revenue stream.
In 2024, EY generated a record global revenue of approximately 51 billion U.S. dollars. Between 2011 and 2024, the annual revenue of EY grew exponentially. The professional partnership firm saw their highest growth in almost two decades in fiscal year 2022. EY - Global powerhouse Ernst & Young is a global professional services firm and one of the Big Four auditing firms, the others being Deloitte, KPMG and PricewaterhouseCoopers (PwC). The company now abbreviates its name to EY since rebranding in 2013. EY provides several business services including, assurance, advisory, tax, and transaction advisory services. The company is spread globally with operations in Europe, the Middle East, Africa, the Americas, Asia-Pacific and Japan. Since 2010, the revenue of Ernst & Young has continuously grown, increasing nearly twofold in one decade. Employee growth In 2023, EY was the third third largest accounting firm in the world in terms of revenue, following Deloitte and PwC. In the same year the firm also ranked second in terms of employment with approximately 400,000 employees worldwide. The next largest was PwC with approximately 365,000 employees worldwide. Global revenue sources In 2024, EY generated the majority of its revenue in the Americas, grossing approximately 24 billion U.S. dollars. Prior to 2015, Ernst & Young consistently generated its highest revenues in the EMEIA (Europe, Middle East, India and Africa) business region, accumulating over 200 million U.S. dollars more than in the Americas in 2014.
First time since financial year 2019, IndiGo reported a profit before tax of nearly 80.5 billion rupees at the end of fiscal year 2024. It is the market leader in the Indian air carrier industry, The company had significant losses due to national lockdown and restrictions on air travel due to the COVID-19 pandemic.
Tough year for Indian air-carriers According to IndiGo’s CEO, 2019 was a year of two halves – the first involving declines resulting in losses due to high fuel prices and a weak rupee, in addition to fierce competition. Jet Airways’ declaration of bankruptcy earlier that year also had an impact on the industry as other companies tried to fill in its gaps. IndiGo hired 285 pilots from the Jet Airways staff and was looking to increase those numbers further. Reaching greater heights As part of expanding its wings, IndiGo launched international flights in 2011, five years after being in operation. This, along with fleet development, made the private-owned budget carrier one of the fastest-growing in 2013, after Indonesian Lion Air. A couple of years later, Airbus received its largest single order from the Indian passenger carrier. Since its last quarter recovery in fiscal year 2019, the airline was reportedly studying the inclusion of business class for its long-haul flights. With Air India hanging by a thread, and players like SpiceJet and Vistara seizing growth opportunities, IndiGo depends on innovation and development to retain its market leading position.
In the fourth quarter of 2024, SVOD platform Netflix reported its highest revenue in North America. Indeed, in the United States and Canada, Netflix's revenue amounted to over 4.5 billion U.S. dollars. In comparison, Netflix's revenue in Latin America was around 1.2 billion U.S. dollars.
HSBC posted a profit after tax of 25 billion U.S. dollars in 2024, up from 24.06 billion U.S. dollars in 2023. 2023 and 2024 were well-performing years for the bank in terms of profits, with 2024 recording the highest profits ever during the period. The operating income of the bank also increased by more than 15 billion U.S. dollars in 2024 when compared to 2022.HSBC bank HSBC is a British banking and financial services company and one of the major players in the global banking market. As of December 2024, the bank had one of the highest market capitalization in the world, ranking 10th with a value of 176 billion U.S. dollars. HSBC brand and people The fact that the bank is a recognized brand all over the world helps the bank attract investors, clients, and employees. The total number of employees at the bank is in the hundreds of thousands, with the main employment centers being India, the United Kingdom, Mainland China, and Hong Kong.
BigBasket, an Indian grocery delivery service, reported a revenue of over 100 billion Indian rupees in the financial year 2024. This was an increase of 6.27 percent in comparison to the previous financial year.
From 2004 to 2024, the net revenue of Amazon e-commerce and service sales has increased tremendously. In the fiscal year ending December 31, the multinational e-commerce company's net revenue was almost 638 billion U.S. dollars, up from 575 billion U.S. dollars in 2023.Amazon.com, a U.S. e-commerce company originally founded in 1994, is the world’s largest online retailer of books, clothing, electronics, music, and many more goods. As of 2024, the company generates the majority of it's net revenues through online retail product sales, followed by third-party retail seller services, cloud computing services, and retail subscription services including Amazon Prime. From seller to digital environment Through Amazon, consumers are able to purchase goods at a rather discounted price from both small and large companies as well as from other users. Both new and used goods are sold on the website. Due to the wide variety of goods available at prices which often undercut local brick-and-mortar retail offerings, Amazon has dominated the retailer market. As of 2024, Amazon’s brand worth amounts to over 185 billion U.S. dollars, topping the likes of companies such as Walmart, Ikea, as well as digital competitors Alibaba and eBay. One of Amazon's first forays into the world of hardware was its e-reader Kindle, one of the most popular e-book readers worldwide. More recently, Amazon has also released several series of own-branded products and a voice-controlled virtual assistant, Alexa. Headquartered in North America Due to its location, Amazon offers more services in North America than worldwide. As a result, the majority of the company’s net revenue in 2023 was actually earned in the United States, Canada, and Mexico. In 2023, approximately 353 billion U.S. dollars was earned in North America compared to only roughly 131 billion U.S. dollars internationally.
Starbucks’ net revenue reached 36.18 billion U.S. dollars in 2024. This shows an increase over the previous year's total of 35.98 billion U.S. dollars. The global coffeehouse chain has seen a year-over-year increase in revenue over the past decade, except for the decline in 2020 which could be attributed to stay-at-home measures implemented due to the coronavirus (COVID-19) pandemic. How many Starbucks stores are there? In recent years, Starbucks has expanded exponentially, more than doubling its units over the past 10 years. The number of Starbucks stores worldwide exceeded 40 thousand in 2024. This figure also included other segments owned by the coffee-chain such as Siren Retail and Teavana. In that year, Starbucks had the most stores outside of its home country. Countries the company has expanded to include Turkey, Taiwan, and Indonesia. Starbucks units have grown almost every year over the past decade. The only drop was in 2009, most likely due to the global financial crisis. What Starbucks products are the most popular? While Starbucks is primarily a coffeehouse chain it also offers consumers a variety of other products. These include beverages such as teas, hot chocolates, smoothies and iced drinks, and a selection of food products. Perhaps unsurprisingly, the Starbucks revenue breakdown showed that the sale of beverages has been the number one source of revenue for the chain over the last decade. Meanwhile, food sales have also been a large contributor to Starbucks’ revenue in recent years.
With a total revenue of over 67 billion U.S. dollars, Deloitte was the largest of the Big Four accounting firms in 2024. The combined revenue of the firms increased steadily in the last decade and exceeded 212 billion U.S. dollars in 2024. The Big Four accounting firms The leading accounting firms in the world are Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young (EY), and Klynveld Peat Marwick Goerdeler (KPMG). The firms provide their clients with various professional services that include auditing, corporate finance, and legal advice. Consulting revenue accounted for around 40 percent of Deloitte’s record total in 2024, whereas PwC and EY received most of their revenue from auditing services. International firms with workforces to match When broken down by geographical region, the three biggest firms generated most of their revenue in the Americas region – KPMG’s most lucrative region was its network of firms in Europe, the Middle East, and Africa (including India). The United States has remained a major market for all four firms, where Deloitte generated nearly half of its total revenue in 2024. In terms of the number of employees, the four firms had a combined global workforce of more than one million people, as Deloitte once again led the way in 2024.
The Indian online marketplace Nykaa experienced an exponential growth since 2018. Starting with a revenue of only a little more than five billion Indian rupees, the yearly revenue amounted to over 64 billion rupees in the fiscal year 2024. The Indian beauty industry The Indian beauty industry is a significantly expanding market. This expansion went hand in hand with an increase in the per capita spending on beauty and personal care products. Despite its potential in an ever-growing e-commerce industry, the beauty market accounted for only a marginal share of online sales. Filling the online beauty product niche With the foundation of Nykaa in 2012, entrepreneur Falguni Nayar attempted to conquer the beauty market, by filling the niche of online sellers for beauty products. Considering the high influence of online sources such as online videos and social media on the beauty behavior of women, the online market appeared promising. Addressing the problem of availability and fake products in tier 2 and 3 cities, Nykaa met less competition compared to marketplaces like Amazon or Flipkart, focused more on other segments. Nykaa covered a wide price range from luxury products to mass products, but its main source of revenue was the sale of make-up.
Apple’s iPhone sales accounted for around 55 percent of the company’s overall revenue in the first quarter of fiscal year 2025, the largest share of all Apple products. Over the years, services as well as wearables, home and accessories have made a growing contribution to Apple’s net sales. Apple’s revenue growth amid the pandemic In the first quarter of financial year 2025, Apple’s global revenue reached around 124 billion U.S. dollars. The Americas are Apple’s largest regional market and contributed to around 42 percent of the firm’s sales in that quarter. Who are Apple’s competitors? Having a broad family of products, Apple competes with different companies in different markets. Samsung is Apple’s largest adversaries in the global smartphone market, where the company had a share of almost 21 percent in the second quarter of 2024. Similarly, Apple has a solid position in the PC market without a leading advantage. The situation is reversed in the tablet market and the smartwatch market, where Apple has remained the leader since the early days, staying ahead of Samsung, Huawei, Amazon, etc.
In financial year 2024, the operating revenue of BoAt was worth over 31 billion Indian rupees. BoAt is an Indian consumer electronics company that manufactures earbuds, stereo headphones, portable chargers, and cables.
Tata Group, owned by principal holding company Tata Sons reported a revenue of 165 billion U.S. dollars in financial year 2024. This was a stark increase as compared to the previous year. Tata – most profitable businesses Tata Consultation Services is the most profitable subsidiary of the Tata Group. Established in 1968, it is now the leading information technology consulting and services company in India based on market capitalization. Tata Consumer Products, primarily owns and distributes tea brands such as Tata Tea, Tetley and Good Earth Teas. Tata Consumer Products also produces coffee and has a joint venture with Starbucks in India. Titan Company, the consumer goods company mainly manufactures fashion accessories such as watches, jewelry, and eyewear. Titan Company manufactures and sells the accessories under the brands like Tanishq, Titan Eyeplus, Sonata, Fastrack and Titan watches. Diversification and corporate responsibility Taj Hotels is a chain of luxury hotels and hotel-resorts in India and across the world. Taj Hotels has various hotel brands like Taj, Seleqtions, Vivanta and Ginger under its wings. Tata Motors launched the first indigenous fully Indian passenger car, Indica in 1998 and the world's cheapest car, the Tata Nano in 2008. Tata Motors manufactures trucks, vans, coaches, buses, sports cars, construction equipment and military vehicles. Tata Steel operates in 26 countries with primary operations in India, Netherlands, and United Kingdom. Tata Chemicals, through Tata Chemicals Society of Rural Development is helping the country in its fight against the coronavirus (COVID-19) pandemic by supplying disinfectants, producing masks, ensuring food availability, and augmenting medical facilities for the local communities.
In 2024, nearly 40 percent of The Coca-Cola Company’s revenue was specifically generated in North America. The American multinational corporation owns various brands, such as Sprite, Minute Maid, and Aquarius. Coca-Cola worldwide In 2023, Coca-Cola generated net operating revenues of about 46 billion U.S. dollars. While the company’s global net operating earnings spiked between 2010 and 2011, numbers have been decreasing steadily since 2012. Between 2012 and 2018, the net operating revenue decreased by roughly a third. Biggest brands worldwide With a brand value of around 98 billion U.S. dollars, Coca-Cola was by far the most valuable soft drink in the world in 2023, beating out competitors, such as Red Bull and Pepsi. Globally, Coca-Cola was the seventh most valuable brand, after brands such as Google and Amazon. Apple stood in first place with a value of over 500 billion U.S. dollars.
In the third quarter of 2024, Google's revenue amounted to over 96.05 billion U.S. dollars, up from the 85.5 billion U.S. dollars registered in the same quarter a year prior. The company amounted to an annual revenue of 348.16 billion U.S. dollars throughout 2024, its highest value to date, with most of its earnings being powered by advertising through Google sites and its network. Google advertising The foundations of Google's earnings are its advertising revenues, generated through its Google Ads platform, which enables advertisers to display ads, product listings, and service offerings across its extensive network (properties, partner sites, and apps) to web users via programs like AdSense or AdSearch. In 2024, Google accounted for most of its parent company Alphabet's annual revenues with 234.2 billion U.S. dollars in Google website ad revenues alone. Other sources of revenue Google's multitude of income sources also includes digital content products and apps sold through the digital content distribution platform Google Play, as well as hardware including Chromecast devices and smartphones. Geographically, the biggest single country share of Alphabet’s revenue comes from the United States, and close to 30 percent of revenues originate from the EMEA region.