Golf Clubs was Callaway Golf’s largest product and service line in fiscal 2025, bringing in $1.05B of $2.09B (50%).
| Product and Service | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Venues | $1.48B | — | — | — | |||||||||||
| Golf Clubs | $1.10B | $1.07B | $1.06B | $1.05B | |||||||||||
| Golf Club | — | — | — | — | |||||||||||
| Apparel | $631.70M | $411.70M | $405.60M | $398.80M | |||||||||||
| Gear, Accessories & Other | $408.40M | $333.10M | $289.40M | $286.20M | |||||||||||
| Golf Balls | $309.50M | $314.50M | $321.80M | $322.20M | |||||||||||
| Golf Ball | — | — | — | — | |||||||||||
| Woods | — | — | — | — | |||||||||||
| Drivers & Fairway Woods | — | — | — | — | |||||||||||
| Irons | — | — | — | — | |||||||||||
| Accessories & Other | — | — | — | — | |||||||||||
| Putters | — | — | — | — | |||||||||||
| Other Business Lines | $71.90M | — | — | — | |||||||||||
| Royalty | — | $26.90M | $27.10M | $28.80M | |||||||||||
| Total | $4.00B | $2.16B | $2.10B | $2.09B |
Callaway Golf brought in $2.09B from its five product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 0.8% from $2.10B in fiscal 2024. Golf Clubs was the largest at $1.05B (50.4%), ahead of Apparel at $398.80M (19.1%) and Golf Balls at $322.20M (15.4%). The other two lines brought in $315.00M combined.
Compared with fiscal 2024, Golf Balls grew fastest, up 0.1% to $322.20M, while Apparel fell the most, down 1.7% to $398.80M.
Callaway Golf stopped reporting Venues ($1.48B in fiscal 2022) and Other Business Lines ($71.90M in fiscal 2022) as separate lines.
Golf Equipment was Callaway Golf’s largest segment in fiscal 2025, bringing in $1.38B of $2.06B (67%).
| Segment | FY 2010 | FY 2011 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Golf Equipment | $1.41B | $1.39B | $1.38B | $1.38B | |||||||||
| Topgolf | $1.55B | — | — | — | |||||||||
| Active Lifestyle | $1.04B | — | — | — | |||||||||
| Apparel, Gear & Other | — | $744.80M | $695.00M | $685.00M | |||||||||
| Golf Clubs | — | — | — | — | |||||||||
| Golf Balls | — | — | — | — | |||||||||
| Golf Ball | — | — | — | — | |||||||||
| Gear, Accessories & Other | — | — | — | — | |||||||||
| Total | $4.00B | $2.13B | $2.08B | $2.06B |
Callaway Golf brought in $2.06B from its two segments in fiscal 2025, the year ended December 31, 2025. That was down 0.8% from $2.08B in fiscal 2024. Golf Equipment was the largest at $1.38B (66.7%), ahead of Apparel, Gear & Other at $685.00M (33.3%).
Compared with fiscal 2024, Golf Equipment fell 0.5% to $1.38B and Apparel, Gear & Other fell 1.4% to $685.00M.
Callaway Golf stopped reporting Topgolf ($1.55B in fiscal 2022) and Active Lifestyle ($1.04B in fiscal 2022) as separate segments.
United States was Callaway Golf’s largest region in fiscal 2025, bringing in $1.36B of $2.06B (66%).
| Geography | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $2.80B | $1.40B | $1.38B | $1.36B | ||||||||||
| Asia | $545.40M | $436.60M | $379.10M | $363.10M | ||||||||||
| Europe | $537.40M | $173.40M | $182.10M | $203.80M | ||||||||||
| Japan | — | — | — | — | ||||||||||
| Rest Of World | $114.90M | $127.00M | $135.40M | $129.90M | ||||||||||
| Rest Of Asia | — | — | — | — | ||||||||||
| Other Foreign Countries | — | — | — | — | ||||||||||
| Total | $4.00B | $2.13B | $2.08B | $2.06B |
Callaway Golf brought in $2.06B from its four regions in fiscal 2025, the year ended December 31, 2025. That was down 0.8% from $2.08B in fiscal 2024. United States was the largest at $1.36B (66.2%), ahead of Asia at $363.10M (17.6%) and Europe at $203.80M (9.9%). The remaining region, Rest Of World, brought in $129.90M.
Compared with fiscal 2024, Europe grew fastest, up 11.9% to $203.80M, while Asia fell the most, down 4.2% to $363.10M. From fiscal 2022 to 2025, combined revenue from these regions fell from $4.00B to $2.06B, a compound annual decline of 19.8%. United States' share of the total fell from 70.0% to 66.2%.
Callaway Golf (CALY) reports its revenue by product and service, by segment and by geography. In fiscal 2025, Golf Clubs was its largest product and service line, bringing in $1.05B (50.4% of the total), followed by Apparel at $398.80M (19.1%).
Golf Clubs was Callaway Golf's largest product and service line in fiscal 2025, bringing in $1.05B, or 50.4% of the $2.09B total across its five product and service lines.
Golf Equipment was Callaway Golf's largest segment in fiscal 2025, bringing in $1.38B, or 66.7% of the $2.06B total across its two segments.
United States was Callaway Golf's largest region in fiscal 2025, bringing in $1.36B, or 66.2% of the $2.06B total across its four regions.
Among Callaway Golf's product and service lines that make up at least 2% of revenue, Golf Balls grew fastest in fiscal 2025, up 0.1% from $321.80M to $322.20M.
Every figure comes from Callaway Golf's annual financial filings, as reported. Each line keeps the name Callaway Golf gives it, and years follow its fiscal calendar.
Callaway Golf's revenue by product and service goes back to fiscal 2010, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.