Slack’s Revenue Breakdown Worldwide (2019 – 2022)

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This statistic highlights Slack’s Revenue Breakdown Worldwide split between the United States and International, from 2019 onwards.
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This statistic highlights Slack’s Revenue Breakdown Worldwide split between the United States and International, from 2019 onwards.

Slack generates its revenue from the following regions:

  • United States
  • International

Slack’s Revenue Breakdown Worldwide

Region Q1 2021 Q1 2022 YoY Growth Revenue Share Q1 2022
United States $125.39 $163.92 30.72% 59.97%
International $76.26 $109.43 43.50% 40.03%
Total Revenue $201.65 $273.35 35.55% 100.00%

(all figures in millions, except percentages)

Slack’s total revenue rose from $201.65 million in Q1 2021 to $273.35 million in Q1 2022, marking an increase of 35.55% on a year-on-year basis. During this period, the company added a record number of paid subscriptions. The company’s paid subscriptions increased from 122,000 in Q1 2021 to 169,000 in Q1 2022, marking a growth of 39% on a year-on-year basis.

Slack offers four types of subscription plans to its clients:

  • Free: The company’s free subscription allows 1:1 voice and video calls between team members and allows 5GB of file storage.
  • Standard: Slack’s standard subscription allows group voice and video calls between 15 team members. The standard subscription plan starts at $2.67 per month. This plan allows 10GB of file storage per team member.
  • Plus: Slack’s plus subscription is mainly used by small and medium-sized organizations. The plus subscription plan starts at $5 per month. This plan allows 20GB of file storage per team member.
  • Enterprise: Slack’s enterprise subscription is used by large organizations which require more flexibility, functionality, administrative control, and protection. The enterprise subscription allows 1 TB of file storage per team member.

United States

Slack’s revenue from the United States increased from $125.39 million in Q1 2021 to $163.92 million in Q1 2022, a growth of 30.72% on a year-on-year basis. During this period, the United States contributed 59.97% to Slack’s total revenue. In the United States, Slack’s offices are located in San Francisco, New York, Chicago, and Denver. 

In the United States, Slack’s customers include companies like Ameritrade, Uber, Benefit Cosmetics, Survey Monkey, Netflix, ZipCar, Expedia, Oscar Health, Autodesk, Intuit, and many more. The United States Department Of Veterans Affairs also uses Slack’s software.

International

Slack’s revenue from International rose from $76.26 million in Q1 2021 to $109.43 million in Q1 2022, an increase of 43.50% on a year-on-year basis. In Q1 2022, International regions contributed 40.03% to Slack’s total revenue. In the International region, Slack has operations in countries like France, Canada, Germany, the United Kingdom, Australia, Japan, and India. 

Slack’s International customers include companies like HelloFresh, Shopify, Culture Amp, Tyro Payments, AirWallex, and many more.  

Company Overview

Slack Technologies Inc is an American software company. Slack Technologies was founded by Eric Costello, Cal Henderson, Stewart Butterfield, and Serguei Mourachov in 2009. The company’s main office is located in San Francisco, California, United States. Slack Technologies provides a range of services like messaging, voice and video calls, file sharing, enterprise key management, security, and many other services. Slack replaces the use of e-mail in an organization. Slack’s software is also used for reviewing candidates for jobs, negotiating budget plans, coordinating election coverage, organizing marketing campaigns, and many other tasks.

Slack’s competitors include Microsoft Teams, Telegram, Facebook, Google, Mattermost, and Flock. Over the years, Slack has acquired companies like HipChat, Rimeto, Woven, Missions, Spaces, and many more. These acquisitions have helped the company in increasing its product portfolio and fight competition in the market. Slack Technologies listed on the NYSE in June 2019, and is traded under the stock code “WORK”.

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