Splunk’s Revenue Breakdown Worldwide (2017-2022)

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This chart highlights Splunk’s Revenue Breakdown Worldwide, split between the United States and International regions from 2017 onwards.
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This chart highlights Splunk’s Revenue Breakdown Worldwide, split between the United States and International regions from 2017 onwards.

Splunk Inc. is an American multinational technology company.  They make software for searching, monitoring, and analyzing machine-generated data through a Web-style interface.

Splunk’s Revenue Breakdown Worldwide

Region Q1 2021 Q2 2021 Q3 2021 Q4 2021 Revenue share in Q4 2021
International $150.95 $163.28 $159.13 $288.77 39%
United States $283.13 $328.37 $399.45 $456.31 61%
Total $434.08 $491.66 $558.58 $745.08 100%

(All figures in millions, except percentages)

International Revenue

Splunk earned a revenue of $288.77 million from International markets during Q4 2021, which was a 28% increase when compared to Q3 2021, where $159.13 million were earned. International revenue contributed 39% of the total revenue of the company during Q4 2021.

In the International markets, the company has operations in China, Belgium, Denmark, France, Hong Kong, Malaysia, New Zealand, South Africa, Singapore, Australia, Switzerland, Sweden, Malaysia, Taiwan, Japan, Spain, Canada, Germany, United Kingdom, Italy, and the United Arab Emirates.

Revenue from the United States 

A majority of Splunk’s revenue comes from the United States, which contributed about 61% of total revenue in Q4 2021. The revenue from this region in Q4 2021 amounted to $456.31 million, which was a 14% increase in revenue compared to the Q3 2021 where the revenue generated was $ 399.45 million.

The data also shows that the total revenue of the company has increased from $434.08 million to $745.08 million, between Q1 2021 and Q4 2021, which was a 71% increase. Further analysis reveals that revenue from the International markets has grown at a rate of 91%, while that from the United States has grown at a rate of 61% during this period. While the revenue from the United States has shown a continuous growth between Q1 2021 and Q4 2021, the revenue from the International markets while generally showing a growing trend has had a dip during Q3 2021. While the COVID-19 pandemic has adversely affected the revenue of businesses worldwide,  IT, ITES, and IT Security service providing companies have generally managed to buck this trend, since their businesses are generally conducted online. Splunk Inc. also has not been affected by the pandemic and its revenue has grown despite the overall economic downturn.

Company Overview

Splunk is a public limited company, founded by Rob Das, Erik Swan, and Micheal Baum, in 2003. It is headquartered in San Francisco, California. They deal in products such as Splunk Enterprise, Splunk Cloud, Splunk Data Stream Processor, Splunk IT Service Intelligence, Splunk On-Cal, Splunk Insights for AWS Cloud Monitoring, Splunk Enterprise Security, Splunk User Behavior Analytics, Splunk Phantom, Splunk Infrastructure Monitoring, and Splunk APM. Splunk Inc’s key managerial persons are Graham Smith(Chairman of the Board) and Doug Merritt(President & CEO). As of 2020, the number of employees of the company worldwide was 5,800. The competitors of Splunk are IBM, LogRhythm, Elastic, McAfee, SolarWinds, AT&T Cybersecurity, Micro Focus, and Rapid7. The company makes machine data accessible across an institution by identifying data patterns, providing metrics, diagnosing problems, and providing intelligence for business operations. It is a horizontal technology utilized for application management, security, and compliance, as well as business and web analytics. Recently, Splunk has also started developing machine learning and data solutions for BizOps.

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