Product was Abb’s largest product and service line in fiscal 2023, bringing in $27.01B of $32.24B (84%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 |
|---|---|---|---|---|---|---|---|---|
| Product | $21.21B | $23.75B | $24.47B | $27.01B | ||||
| Products | — | — | — | — | ||||
| Service | $4.92B | $5.20B | $4.98B | $5.23B | ||||
| Services & Other | — | — | — | — | ||||
| Total | $26.13B | $28.95B | $29.45B | $32.24B |
Abb brought in $32.24B from its two product and service lines in fiscal 2023, the year ended December 31, 2023. That was up 9.5% from $29.45B in fiscal 2022. Product was the largest at $27.01B (83.8%), ahead of Service at $5.23B (16.2%).
Compared with fiscal 2022, Product grew 10.4% to $27.01B and Service grew 5.0% to $5.23B. From fiscal 2020 to 2023, combined revenue from these lines grew from $26.13B to $32.24B, a compound annual growth rate of 7.2%. Product's share of the total rose from 81.2% to 83.8%.
Power Grids was Abb’s largest segment in fiscal 2015, bringing in $11.25B of $35.48B (32%).
| Segment | FY 2008 | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 |
|---|---|---|---|---|---|---|---|---|
| Power Grids | — | — | $12.52B | $11.25B | ||||
| Electrification Products | — | — | $10.57B | $10.28B | ||||
| Power Products | $10.72B | $11.03B | — | — | ||||
| Robotics & Motion | — | — | — | $8.19B | ||||
| Process Automation | $8.16B | $8.50B | $8.62B | — | ||||
| Discrete Automation & Motion | $9.41B | $9.92B | $10.14B | — | ||||
| Power Systems | $7.85B | $8.38B | — | — | ||||
| Industrial Automation | — | — | — | $7.22B | ||||
| Low Voltage Products | $6.64B | $7.73B | — | — | ||||
| Corporate & Other | $1.58B | $1.78B | $2.34B | $2.43B | ||||
| Intersegment Elimination | -$5.01B | -$5.48B | -$4.36B | -$3.88B | ||||
| Business Intersegment Eliminations | — | — | — | — | ||||
| Total | $39.34B | $41.85B | $39.83B | $35.48B |
Abb brought in $35.48B from its six segments in fiscal 2015, the year ended December 31, 2015. Abb regrouped these segments after fiscal 2014, so the total does not compare directly with that year's $39.83B. Power Grids was the largest at $11.25B (31.7%), ahead of Electrification Products at $10.28B (29.0%) and Robotics & Motion at $8.19B (23.1%). The other two segments brought in $9.65B combined.
Compared with fiscal 2014, Corporate & Other grew fastest, up 4.1% to $2.43B, while Power Grids fell the most, down 10.2% to $11.25B.
Abb began breaking out Power Grids in fiscal 2014, Electrification Products in fiscal 2014, Robotics & Motion in fiscal 2015 and Industrial Automation in fiscal 2015. Abb stopped reporting Power Products ($11.03B in fiscal 2013), Discrete Automation & Motion ($10.14B in fiscal 2014), Process Automation ($8.62B in fiscal 2014) and two others as separate segments. The total is net of Intersegment Elimination, which took $3.88B off revenue in fiscal 2015.
Asia, Middle East & Africa was Abb’s largest region in fiscal 2015, bringing in $13.33B of $35.48B (38%).
| Geography | FY 2008 | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 |
|---|---|---|---|---|---|---|---|---|
| Asia, Middle East & Africa | — | $15.27B | $14.60B | $13.33B | ||||
| Europe | $14.07B | $14.45B | $13.75B | $11.60B | ||||
| The Americas | — | $12.13B | $11.49B | $10.55B | ||||
| Americamember | $10.70B | — | — | — | ||||
| Americas | — | — | — | — | ||||
| Asia | $10.75B | — | — | — | ||||
| America | — | — | — | — | ||||
| Middle East & Africa | $3.81B | — | — | — | ||||
| Total | $39.34B | $41.85B | $39.83B | $35.48B |
Abb brought in $35.48B from its three regions in fiscal 2015, the year ended December 31, 2015. That was down 10.9% from $39.83B in fiscal 2014. Asia, Middle East & Africa was the largest at $13.33B (37.6%), ahead of Europe at $11.60B (32.7%) and The Americas at $10.55B (29.7%).
Compared with fiscal 2014, every region above 2% of revenue shrank. The Americas held up best, down 8.1% to $10.55B, and Europe fell the most, down 15.6% to $11.60B.
Abb began breaking out Asia, Middle East & Africa in fiscal 2013 and The Americas in fiscal 2013. Abb stopped reporting Asia ($10.75B in fiscal 2012), Americamember ($10.70B in fiscal 2012) and Middle East & Africa ($3.81B in fiscal 2012) as separate regions.
Abb (ABBNY) reports its revenue by product and service, by segment and by geography. In fiscal 2023, Product was its largest product and service line, bringing in $27.01B (83.8% of the total), followed by Service at $5.23B (16.2%).
Product was Abb's largest product and service line in fiscal 2023, bringing in $27.01B, or 83.8% of the $32.24B total across its two product and service lines.
Power Grids was Abb's largest segment in fiscal 2015, bringing in $11.25B, or 31.7% of the $35.48B total across its six segments.
Asia, Middle East & Africa was Abb's largest region in fiscal 2015, bringing in $13.33B, or 37.6% of the $35.48B total across its three regions.
Product grew faster than Service in fiscal 2023, up 10.4% from $24.47B to $27.01B. Service grew 5.0% to $5.23B.
Every figure comes from Abb's annual financial filings, as reported. Each line keeps the name Abb gives it, and years follow its fiscal calendar.
Abb's revenue by product and service goes back to fiscal 2016, with figures through fiscal 2023. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.