The above graph represents Facebook revenue and net income by year, starting from fiscal 2007 to the recently completed year. The company reported its highest-ever annual revenue of $70,697 million in 2019, with an impressive 26.6% YoY growth. However, despite that the net profit declined a notable 16.4% YoY to $18,485 million during the whole year.
Facebook Revenue vs Net Income: History
|Source||Facebook Annual Reports, SEC Filings|
|Note||Facebook fiscal year starts from January 1st|
Interestingly, the fiscal 2018 remained one of the most memorable years for Facebook as the annual revenue crossed $50 billion mark and net income crossed $20 billion mark for the first time. While Facebook’s global revenue in 2018 increased a massive 37% YoY to $55,838 million ($55.8 billion), the net profit also soared 38.8% YoY to $22,112 million ($22.1 billion).
As the graph shows, Facebook’s revenue and net income, both have been increasing at a phenomenal pace between 2009 and 2019. It was fiscal 2010 when Facebook achieved ~$2 billion annual revenue milestone, globally. In just one year, the company’s revenue increased a whopping 154% YoY, from $777 million in 2009 to $1,974 million in 2010. While Facebook net income crossed $500 million mark for the first time in 2010. The company recorded a massive 164.6% YoY growth in its net profit, increased from $229 million in 2009 to $606 million in 2010.
In 2011, the company achieved another milestone of touching $1 billion net profit. Facebook’s net profit in 2011 soared 65% YoY to $1000 million ($1 billion), globally. The revenue also increased a huge 88% YoY to $3,711 million ($3.7 billion).
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