AMTD Digital Inc. (HKD) Revenue History
Annual and quarterly revenue from 2019 to present
HKD Revenue Over Time (2019–2026)
HKD Revenue Growth History
5 of 7 years with positive growth- FY2019 revenue growth
- N/A
- FY2020 revenue growth
- +1042.8%
- FY2021 revenue growth
- +17.9%
- FY2022 revenue growth
- +1.2%
- FY2023 revenue growth
- -83.3%
- FY2024 revenue growth
- +51.0%
- FY2025 revenue growth
- -53.0%
- FY2026 revenue growth
- +151.8%
| Quarter | Revenue | YoY |
|---|---|---|
| Q4 2024 | $6.2M | -67.8% |
| Q2 2024 | $8.7M | -37.7% |
| Q4 2023 | $19.1M | -60.0% |
| Q2 2023 | $13.9M | — |
| Q4 2022 | $47.8M | -4.9% |
| Q4 2021 | $50.3M | +46.8% |
| Q4 2020 | $34.2M | — |
Revenue Breakdown
HKD's revenue distribution by segment and geography
By Geography
HKD Revenue Analysis (2019–2026)
Current Revenue & Growth
As of June 29, 2026, AMTD Digital Inc. (HKD) generated trailing twelve-month (TTM) revenue of $47.9 million, reflecting significant decline in growth of -67.8% year-over-year. The most recent quarter (Q4 2024) recorded $6.2 million in revenue, down 28.9% sequentially.
Historical Growth Trajectory
HKD's 5-year compound annual growth rate (CAGR) stands at -21.3%, indicating revenue contraction over this period. The 3-year CAGR of +21.3% exceeds the 5-year average, indicating an acceleration in the most recent period. AMTD Digital Inc.'s highest annual revenue of $198.4 million was recorded in 2022.
Peer Comparison
Compared to Technology sector peers — including FUTU, UP (-5.8% YoY), and TIGR — HKD has underperformed the peer group in revenue growth. Compare HKD vs FUTU →
HKD Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HKDCurrent | $48M | -67.8% | -21.3% | 15.5% | |
 FUTU | $22.8B | - | - | 61.6% | |
 UP | $736M | -5.8% | +1.2% | -34.3% | |
 TIGR | $614M | - | - | 46.0% | |
 NOAH | $2.6B | - | - | 29.8% | |
 CNF | $626M | - | - | -11.2% |
HKD Historical Revenue Data (2019–2026)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | $59.0M | +151.8% | $38.8M | 65.7% | $9.1M | 15.5% |
| 2025 | $23.4M | -53.0% | $18.4M | 78.4% | $12.1M | 51.7% |
| 2024 | $49.9M | +51.0% | $43.8M | 87.7% | $37.8M | 75.7% |
| 2023 | $33.1M | -83.3% | $23.2M | 70.2% | $17.4M | 52.6% |
| 2022 | $198.4M | +1.2% | $16.0M | 8.1% | $11.0M | 5.5% |
| 2021 | $196.1M | +17.9% | $25.3M | 12.9% | $125.2M | 63.8% |
| 2020 | $166.3M | +1042.8% | $152.4M | 91.6% | $143.0M | 86.0% |
| 2019 | $14.6M | - | $5.4M | 37.0% | $1.4M | 10.0% |
Intrinsic Valuation
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Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
HKD — Frequently Asked Questions
Quick answers to the most common questions about buying HKD stock.
Is HKD's revenue growth accelerating or slowing?
HKD revenue is declining -67.8% year-over-year. TTM revenue fell to $48M, contrasting with the 5-year CAGR of -21.3%. The reversal reflects either macro headwinds or company-specific challenges.
What is HKD's revenue history from 2019 to 2026?
AMTD Digital Inc. (HKD) revenue history spans 2019 to 2026. TTM revenue as of 2026 is $48M, growing at -67.8% YoY. The 5-year CAGR is -21.3%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is HKD's long-term revenue growth rate (CAGR)?
AMTD Digital Inc.'s 5-year revenue CAGR of -21.3% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -67.8% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for HKD.
Why does HKD's quarterly revenue fluctuate?
HKD 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. AMTD Digital Inc.'s revenue data from 2019 to 2026 shows full historical quarterly detail on this page.
How is HKD's revenue distributed by segment?
HKD 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 HKD's revenue compare to industry peers?
AMTD Digital Inc. (HKD) with TTM revenue of $48M and -67.8% 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.