IKEA: net income worldwide 2009-2023

The furniture and home goods retailer IKEA had a global net income of approximately 1.5 billion euros in the financial year 2023, marking a significant increase from the previous year. The company’s net income peaked in FY 2016 at 4.2 billion euros but has fluctuated since then.

IKEA

The Swedish furniture company IKEA was founded in 1943 as a mail-order catalogue before opening its first retail location; it has since made a name for itself as an affordable, modern, and stylish furniture retailer, with a global presence. In 2023, IKEA Group’s annual revenue amounted to 47.6 billion euros, up from 44.6 billion euros in the previous year. Despite exhibiting consistent growth over the last two decades, sales in 2020 were slightly affected mainly due to the coronavirus (COVID-19) crisis.

IKEA online presence

In the financial year of 2023, online sales represented 23 percent of the total retail sales of IKEA. The company's web site ikea.com received 3.8 billion visitors in 2023, a slight decrease compared to the previous year. In 2021, the number of online visits to the IKEA website hit its peak at five billion, likely due to the COVID-19 lockdowns and limited access to physical stores.