Harmony Gold Mining Company Limited (HMY) Revenue History
Annual and quarterly revenue from 1998 to present
HMY Revenue Over Time (1998–2025)
HMY Revenue Growth History
22 of 27 years with positive growth- FY1998 revenue growth
- N/A
- FY1999 revenue growth
- +95.8%
- FY2000 revenue growth
- +32.0%
- FY2001 revenue growth
- +64.3%
- FY2002 revenue growth
- +60.9%
- FY2003 revenue growth
- +14.7%
- FY2004 revenue growth
- -3.9%
- FY2005 revenue growth
- -3.0%
- FY2006 revenue growth
- +7.3%
- FY2007 revenue growth
- +5.1%
- FY2008 revenue growth
- +4.4%
- FY2009 revenue growth
- +16.0%
- FY2010 revenue growth
- -1.8%
- FY2011 revenue growth
- +7.8%
- FY2012 revenue growth
- +31.2%
- FY2013 revenue growth
- +12.2%
- FY2014 revenue growth
- -10.2%
- FY2015 revenue growth
- +2.9%
- FY2016 revenue growth
- +13.0%
- FY2017 revenue growth
- -1.4%
- FY2018 revenue growth
- +18.6%
- FY2019 revenue growth
- +23.2%
- FY2020 revenue growth
- +8.6%
- FY2021 revenue growth
- +42.7%
- FY2022 revenue growth
- +2.2%
- FY2023 revenue growth
- +15.5%
- FY2024 revenue growth
- +24.6%
- FY2025 revenue growth
- +20.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $46.57B | +25.4% |
| Q4 2025 | $36.76B | +23.3% |
| Q2 2025 | $37.14B | +17.7% |
| Q4 2024 | $29.82B | — |
| Q2 2024 | $31.56B | +37.5% |
| Q2 2023 | $22.95B | +5.0% |
| Q2 2022 | $21.85B | +1.5% |
| Q4 2021 | $20.14B | +49.0% |
Revenue Breakdown (FY 2024)
HMY's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
HMY Revenue Analysis (1998–2025)
Current Revenue & Growth
As of June 28, 2026, Harmony Gold Mining Company Limited (HMY) generated trailing twelve-month (TTM) revenue of $150.28 billion, reflecting exceptional growth of +25.4% year-over-year. The most recent quarter (Q2 2026) recorded $46.57 billion in revenue, up 26.7% sequentially.
Historical Growth Trajectory
HMY's 5-year compound annual growth rate (CAGR) stands at +20.4%, indicating outstanding long-term growth trajectory. The 3-year CAGR of +20.1% is in line with the 5-year average, suggesting consistent growth. Harmony Gold Mining Company Limited's highest annual revenue of $73.90 billion was recorded in 2025, an all-time high.
Revenue by Segment
HMY's revenue is primarily driven by commodities (96%), Silver (3%), and Uranium (1%). With over half of revenue concentrated in commodities, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Basic Materials sector peers — including GFI (+59.0% YoY), AU (+75.2% YoY), and DRD (+43.9% YoY) — HMY has underperformed the peer group in revenue growth. Compare HMY vs GFI →
HMY Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HMYCurrent | $150.3B | +25.4% | +20.4% | 27.5% | |
 GFI | $8.8B | +59.0% | +17.7% | 48.4% | |
 AU | $9.9B | +75.2% | +16.6% | 45.1% | |
 DRD | $7.9B | +43.9% | +13.5% | 11.6% | |
 SBSW | $120.1B | +9.9% | -1.2% | 18.5% | |
 HL | $1.4B | +57.0% | +15.5% | 37.5% |
HMY Historical Revenue Data (1998–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $73.90B | +20.4% | $29.30B | 39.7% | $20.36B | 27.5% |
| 2024 | $61.38B | +24.6% | $14.15B | 23.0% | $11.68B | 19.0% |
| 2023 | $49.27B | +15.5% | $9.74B | 19.8% | $7.09B | 14.4% |
| 2022 | $42.65B | +2.2% | $718.0M | 1.7% | $-755,000,000 | -1.8% |
| 2021 | $41.73B | +42.7% | $6.08B | 14.6% | $6.45B | 15.5% |
| 2020 | $29.25B | +8.6% | $3.34B | 11.4% | $-358,000,000 | -1.2% |
| 2019 | $26.93B | +23.2% | $-1,972,106,980 | -7.3% | $-2,553,807,600 | -9.5% |
| 2018 | $21.85B | +18.6% | $-2,980,132,560 | -13.6% | $-4,621,964,850 | -21.1% |
| 2017 | $18.43B | -1.4% | $-416,504,000 | -2.3% | $-1,054,275,750 | -5.7% |
| 2016 | $18.69B | +13.0% | $2.57B | 13.8% | $1.61B | 8.6% |
| 2015 | $16.54B | +2.9% | $-3,876,823,880 | -23.4% | $-5,557,598,790 | -33.6% |
| 2014 | $16.08B | -10.2% | $-360,857,640 | -2.2% | $-1,549,565,160 | -9.6% |
| 2013 | $17.90B | +12.2% | $-277,943,120 | -1.6% | $-1,935,675,300 | -10.8% |
| 2012 | $15.96B | +31.2% | $3.20B | 20.1% | $2.25B | 14.1% |
| 2011 | $12.16B | +7.8% | $798.9M | 6.6% | $27.3M | 0.2% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
28+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
HMY — Frequently Asked Questions
Quick answers to the most common questions about buying HMY stock.
Is HMY's revenue growth accelerating or slowing?
HMY revenue growth is accelerating. TTM revenue reached $150.3B, up +25.4% year-over-year — ahead of the 5-year CAGR of +20.4%. This indicates the business is expanding faster than its historical baseline.
What is HMY's revenue history from 1998 to 2026?
Harmony Gold Mining Company Limited (HMY) revenue history spans 1998 to 2026. TTM revenue as of 2026 is $150.3B, growing at +25.4% YoY. The 5-year CAGR is +20.4%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is HMY's long-term revenue growth rate (CAGR)?
Harmony Gold Mining Company Limited's 5-year revenue CAGR of +20.4% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +25.4% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for HMY.
Why does HMY's quarterly revenue fluctuate?
HMY 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. Harmony Gold Mining Company Limited's revenue data from 1998 to 2026 shows full historical quarterly detail on this page.
How is HMY's revenue distributed by segment?
HMY 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 HMY's revenue compare to industry peers?
Harmony Gold Mining Company Limited (HMY) with TTM revenue of $150.3B and +25.4% 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.