Best Buy reported revenue of approximately $43.5 billion for fiscal year 2024, down 6% year over year as consumer electronics demand contracted after the pandemic-driven spending surge. The decline continues a trend from the FY2022 peak of $51.8 billion, with the company cutting costs and leaning into its Geek Squad services business to defend margins.
Best Buy Revenue
Best Buy Annual Revenue
| Fiscal Year | Revenue (USD) | YoY Change |
|---|---|---|
| FY2015 | $40.3B | — |
| FY2016 | $39.5B | −2.0% |
| FY2017 | $39.4B | −0.3% |
| FY2018 | $42.2B | +7.1% |
| FY2019 | $43.6B | +3.3% |
| FY2020 | $43.6B | Flat |
| FY2021 | $47.3B | +8.5% |
| FY2022 | $51.8B | +9.5% |
| FY2023 | $46.3B | −10.6% |
| FY2024 | $43.5B | −6.0% |