Global revenue of Best Buy 2007-2024

Best Buy's global revenue has been  decreasing since 2022 with the loss of around 8 billion U.S. dollars in 2024 the revenue the company generated plummeted to 43 billion U.S. dollars.

Computing and mobile phones lead Best Buy's sales

Best Buy generates almost half of its revenue from the sales of computing and mobile phones. Consumer electronics are second in line, accounting for about a third of the company's revenue. Both segments together make up nearly 75 percent of the company's revenue from domestic and international markets. Best Buy also generates revenue from appliances, entertainment, and services. The company earns the majority of its revenue from brick and mortar store sales, but also has a presence in the e-commerce market.

E-commerce sales are growing

   Best Buy is a global retailer and developer of technology products and services. The company operates around 1,200 domestic and international outlets, with the majority of outlets located in the United States. Best Buy earns around 70 percent of its revenue from brick and mortar store sales. The number of stores and square footage in both domestic and international outlets has declined in recent years, while the company’s online revenue has grown. The growth in Best Buy’s online sales has been higher than its overall sales growth in recent years, leading to an increased share of online revenue as total revenue.