BHP Group Limited (BHP) Revenue History
Annual and quarterly revenue from 1988 to present
BHP Revenue Over Time (1988–2025)
BHP Revenue Growth History
24 of 37 years with positive growth- FY1988 revenue growth
- N/A
- FY1989 revenue growth
- -0.3%
- FY1990 revenue growth
- +30.7%
- FY1991 revenue growth
- +15.3%
- FY1992 revenue growth
- -8.0%
- FY1993 revenue growth
- +0.0%
- FY1994 revenue growth
- +11.5%
- FY1995 revenue growth
- +8.8%
- FY1996 revenue growth
- +15.1%
- FY1997 revenue growth
- +4.7%
- FY1998 revenue growth
- -17.0%
- FY1999 revenue growth
- -5.4%
- FY2000 revenue growth
- +2.3%
- FY2001 revenue growth
- -10.7%
- FY2002 revenue growth
- +28.2%
- FY2003 revenue growth
- +6.2%
- FY2004 revenue growth
- +46.6%
- FY2005 revenue growth
- +16.8%
- FY2006 revenue growth
- +20.3%
- FY2007 revenue growth
- +47.6%
- FY2008 revenue growth
- +25.3%
- FY2009 revenue growth
- -16.2%
- FY2010 revenue growth
- +6.0%
- FY2011 revenue growth
- +35.9%
- FY2012 revenue growth
- +0.7%
- FY2013 revenue growth
- -24.7%
- FY2014 revenue growth
- -17.0%
- FY2015 revenue growth
- +0.0%
- FY2016 revenue growth
- -35.7%
- FY2017 revenue growth
- +23.9%
- FY2018 revenue growth
- +20.0%
- FY2019 revenue growth
- +3.3%
- FY2020 revenue growth
- -12.2%
- FY2021 revenue growth
- +46.2%
- FY2022 revenue growth
- +13.7%
- FY2023 revenue growth
- -17.3%
- FY2024 revenue growth
- +3.4%
- FY2025 revenue growth
- -7.9%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $27.95B | +11.0% |
| Q4 2025 | $26.09B | -8.2% |
| Q2 2025 | $25.18B | -7.5% |
| Q4 2024 | $28.43B | +2.1% |
| Q2 2024 | $27.23B | +4.8% |
| Q4 2023 | $27.83B | -19.5% |
| Q2 2023 | $25.98B | -15.7% |
| Q4 2022 | $34.58B | +4.6% |
Revenue Breakdown
BHP's revenue distribution by segment and geography
By Geography
BHP Revenue Analysis (1988–2025)
Current Revenue & Growth
As of June 21, 2026, BHP Group Limited (BHP) generated trailing twelve-month (TTM) revenue of $107.64 billion, reflecting strong growth of +11.0% year-over-year. The most recent quarter (Q2 2026) recorded $27.95 billion in revenue, up 7.1% sequentially.
Historical Growth Trajectory
BHP's 5-year compound annual growth rate (CAGR) stands at +5.5%, indicating steady revenue expansion. The 3-year CAGR of -7.7% is below the 5-year average, signalling a growth deceleration in recent years. BHP Group Limited's highest annual revenue of $72.23 billion was recorded in 2012.
Peer Comparison
Compared to Basic Materials sector peers — including RIO (-5.5% YoY), VALE (+6.3% YoY), and FCX (+7.9% YoY) — BHP has outperformed the peer group in revenue growth. Compare BHP vs RIO →
BHP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| BHPCurrent | $107.6B | +11.0% | +5.5% | 38.0% | |
 RIO | $53.7B | -5.5% | +4.4% | 29.2% | |
 VALE | $38.2B | +6.3% | -0.7% | 29.0% | |
 FCX | $25.7B | +7.9% | +13.2% | 24.4% | |
 SCCO | $13.4B | +17.4% | +10.9% | 52.2% | |
 CLF | $18.6B | -3.0% | +28.3% | -7.5% |
BHP Historical Revenue Data (1988–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $51.26B | -7.9% | $42.14B | 82.2% | $19.46B | 38.0% |
| 2024 | $55.66B | +3.4% | $45.73B | 82.2% | $17.54B | 31.5% |
| 2023 | $53.82B | -17.3% | $42.87B | 79.7% | $22.93B | 42.6% |
| 2022 | $65.10B | +13.7% | $55.76B | 85.7% | $34.11B | 52.4% |
| 2021 | $57.26B | +46.2% | $49.51B | 86.5% | $25.52B | 44.6% |
| 2020 | $39.15B | -12.2% | $31.77B | 81.1% | $13.68B | 34.9% |
| 2019 | $44.57B | +3.3% | $36.89B | 82.8% | $16.11B | 36.2% |
| 2018 | $43.13B | +20.0% | $36.59B | 84.8% | $16.00B | 37.1% |
| 2017 | $35.95B | +23.9% | $29.71B | 82.6% | $12.55B | 34.9% |
| 2016 | $29.00B | -35.7% | $22.25B | 76.7% | $2.80B | 9.7% |
| 2015 | $45.12B | +0.0% | $37.24B | 82.5% | $8.67B | 19.2% |
| 2014 | $45.12B | -17.0% | $37.24B | 82.5% | $8.67B | 19.2% |
| 2013 | $54.38B | -24.7% | $45.64B | 83.9% | $20.03B | 36.8% |
| 2012 | $72.23B | +0.7% | $30.41B | 42.1% | $28.96B | 40.1% |
| 2011 | $71.74B | +35.9% | $36.80B | 51.3% | $32.66B | 45.5% |
Full Stock Analysis
Deep dive into BHP consensus models and risk factors.
Should I Buy BHP?
Wall Street verdict, signals, and target summaries.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
38+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
BHP — Frequently Asked Questions
Quick answers to the most common questions about buying BHP stock.
Is BHP's revenue growth accelerating or slowing?
BHP revenue growth is holding steady at +11.0% year-over-year. TTM revenue is $107.6B. The current growth rate closely tracks the 5-year CAGR of +5.5%, signalling consistent execution.
What is BHP's revenue history from 1988 to 2026?
BHP Group Limited (BHP) revenue history spans 1988 to 2026. TTM revenue as of 2026 is $107.6B, growing at +11.0% YoY. The 5-year CAGR is +5.5%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is BHP's long-term revenue growth rate (CAGR)?
BHP Group Limited's 5-year revenue CAGR of +5.5% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +11.0% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for BHP.
Why does BHP's quarterly revenue fluctuate?
BHP quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. BHP Group Limited's revenue data from 1988 to 2026 shows full historical quarterly detail on this page.
How is BHP's revenue distributed by segment?
BHP reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does BHP's revenue compare to industry peers?
BHP Group Limited (BHP) with TTM revenue of $107.6B and +11.0% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.