Tesco reported group revenues of approximately £68.2 billion for fiscal year 2024, up around 7% year over year, driven by food price inflation and volume recovery across its UK stores. The UK segment accounts for roughly 85% of group revenue, with Ireland, Central Europe, and Tesco Bank making up the remainder.
Tesco Revenue
Tesco Group revenue in USD equivalent from 1960 through FY2024. GBP/USD at approximate annual averages. Tesco's fiscal year ends in late February. The post-2013 decline reflects disposals of international businesses in Thailand, South Korea, and Turkey.
Tesco Annual Revenue
| Fiscal Year | Revenue (GBP) | YoY Change |
|---|---|---|
| FY2015 | £70.4B | — |
| FY2016 | £54.4B | −22.7% |
| FY2017 | £55.9B | +2.8% |
| FY2018 | £57.5B | +2.9% |
| FY2019 | £63.9B | +11.1% |
| FY2020 | £64.8B | +1.4% |
| FY2021 | £53.4B | −17.6% |
| FY2022 | £54.8B | +2.6% |
| FY2023 | £65.8B | +20.1% |
| FY2024 | £68.2B | +3.6% |
Note: The FY2016 step-down reflects the disposal of Tesco's South Korean business (Homeplus) for £4.2B and the Thai business exit. FY2021 reflects the divestiture of Tesco's Polish, Czech, Slovak, and Hungarian operations to Spar and local buyers, significantly reducing the European segment.