ABB Ltd revenue by segment ABBNY

Annual Quarterly

ABB Ltd splits its revenue 2 ways in its filings. By operating segments, the largest line in fiscal 2023, which ended Dec 31, 2023 was Electrification at $14.6 billion, 45% of the total. By sales mix, the largest line in fiscal 2023, which ended Dec 31, 2023 was Product at $27.0 billion, 84% of the total.

USD in millions. The percent under a figure is the change from the year before.

Line	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016	FY 2015 Dec 31, 2015	FY 2014 Dec 31, 2014
Revenue	32,235	29,446	28,945	26,134	27,978	27,662	25,196	24,929	35,481	39,830
Operating segments
Electrification	14,584 +7.1% share 45.2%	13,619 +5.6% share 46.3%	12,894 +8.1% share 44.5%	11,924 -6.3% share 45.6%	12,728 +8.9% share 45.5%	11,686 +15.8% share 42.2%	10,094 share 40.1%	—	—	—
Motion	7,814 +15.8% share 24.2%	6,745 -2.6% share 22.9%	6,925 +8.1% share 23.9%	6,409 -1.9% share 24.5%	6,533 +1.1% share 23.4%	6,463 +10.0% share 23.4%	5,877 share 23.3%	—	—	—
Process Automation	6,270 +3.7% share 19.5%	6,044 -3.4% share 20.5%	6,259 +8.1% share 21.6%	5,792 -7.7% share 22.2%	6,273 -3.5% share 22.4%	6,500 +0.4% share 23.5%	6,472 share 25.7%	—	—	—
Robotics Discrete Automation	3,640 +14.4% share 11.3%	3,181 -3.5% share 10.8%	3,297 +13.4% share 11.4%	2,907 -12.3% share 11.1%	3,314 -8.2% share 11.8%	3,611 +22.1% share 13.1%	2,957 share 11.7%	—	—	—
Corporate And Other	-73 +49.0% share -0.2%	-143 +66.7% share -0.5%	-430 +52.1% share -1.5%	-898 -3.2% share -3.4%	-870 -45.5% share -3.1%	-598 -193.1% share -2.2%	-204 share -0.8%	—	—	—
Sales mix
Product	27,010 +10.4% share 83.8%	24,471 +3.1% share 83.1%	23,745 +11.9% share 82.0%	21,214 -5.9% share 81.2%	22,554 +0.8% share 80.6%	22,366 +9.4% share 80.9%	20,438 share 81.1%	—	—	—
Services	5,225 +5.0% share 16.2%	4,975 -4.3% share 16.9%	5,200 +5.7% share 18.0%	4,920 -9.3% share 18.8%	5,424 +2.4% share 19.4%	5,296 +11.3% share 19.1%	4,758 share 18.9%	—	—	—
Intersegment Revenues	67 +3.1% share 0.2%	65 +97.0% share 0.2%	33 share 0.1%	—	—	—	—	—	—	—

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions. Each group is a separate split of total revenue, so the groups are not added together. Share of revenue is that line divided by total revenue. More on our methodology.

Company profile

Industry: Switchgear & Switchboard Apparatus (SIC 3613)
Listed as: ABBNY (OTC), ABLZF (OTC)
Fiscal year ends: December 31
Headquarters: Zurich Switzerland, Switzerland
SEC filer status: Large accelerated filer
SEC CIK: 1091587

Other Switchgear & Switchboard Apparatus companies

Littelfuse Inc /DE LFUS
Powell Industries Inc POWL

All 3 Switchgear & Switchboard Apparatus companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.