Diageo plc (DEO) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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DEO Revenue Growth
Revenue Breakdown (FY 2025)
DEO's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
DEO Revenue Analysis (2014–2025)
As of May 8, 2026, Diageo plc (DEO) generated trailing twelve-month (TTM) revenue of $37.37 billion, reflecting significant decline in growth of -29.1% year-over-year. The most recent quarter (Q2 2026) recorded $7.73 billion in revenue, down 17.9% sequentially.
Looking at the longer-term picture, DEO's 5-year compound annual growth rate (CAGR) stands at +11.5%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $20.55 billion in 2023.
Revenue diversification analysis shows DEO's business is primarily driven by Spirits (79%), Beer (16%), and Ready To Drink (4%). With over half of revenue concentrated in Spirits, the company maintains significant focus in this area while developing other growth vectors.
When compared to Consumer Defensive sector peers including STZ (-7.9% YoY), BEAM (+108.0% YoY), and SAM (+2.7% YoY), DEO has underperformed the peer group in terms of revenue growth. Compare DEO vs STZ →
DEO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| DEOCurrent | $37.4B | -29.1% | +11.5% | 21.4% | |
 STZ | $10.2B | -7.9% | +4.1% | 35.5% | |
 BEAM | $140M | +108.0% | +466.3% | -274.6% | |
 SAM | $2.1B | +2.7% | +3.7% | 6.9% | |
 MGPI | $536M | -20.4% | +6.3% | -17.6% |
DEO Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $20.25B | -0.1% | $12.17B | 60.1% | $4.33B | 21.4% |
| 2024 | $20.27B | -1.4% | $12.20B | 60.2% | $6.00B | 29.6% |
| 2023 | $20.55B | +33.0% | $12.27B | 59.7% | $5.55B | 27.0% |
| 2022 | $15.45B | +21.4% | $9.48B | 61.3% | $4.41B | 28.5% |
| 2021 | $12.73B | +8.3% | $7.70B | 60.4% | $3.73B | 29.3% |
| 2020 | $11.75B | -8.7% | $7.10B | 60.4% | $2.14B | 18.2% |
| 2019 | $12.87B | +5.8% | $8.00B | 62.2% | $4.04B | 31.4% |
| 2018 | $12.16B | +0.9% | $7.53B | 61.9% | $3.69B | 30.3% |
| 2017 | $12.05B | +14.9% | $7.37B | 61.2% | $3.56B | 29.5% |
| 2016 | $10.48B | -3.0% | $6.23B | 59.5% | $2.84B | 27.1% |
Full DEO Stock Analysis
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Start ComparisonDEO — Frequently Asked Questions
Quick answers to the most common questions about buying DEO stock.
Is DEO's revenue growth accelerating or slowing?
DEO revenue declined -29.1% year-over-year, contrasting with the 5-year CAGR of +11.5%. TTM revenue fell to $37.4B. This reverses the prior growth trend.
What is DEO's long-term revenue growth rate?
Diageo plc's 5-year revenue CAGR of +11.5% reflects the variable expansion pattern. Current YoY growth of -29.1% is below this long-term average.
How is DEO's revenue distributed by segment?
DEO reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.