IHS Holding Limited (IHS) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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IHS Revenue Growth
Revenue Breakdown
IHS's revenue distribution by segment and geography
By Geography
IHS Revenue Analysis (2014–2025)
As of May 8, 2026, IHS Holding Limited (IHS) generated trailing twelve-month (TTM) revenue of $1.58 billion, reflecting significant decline in growth of -42.0% year-over-year. The most recent quarter (Q4 2025) recorded $254.0 million in revenue, down 44.2% sequentially.
Looking at the longer-term picture, IHS's 5-year compound annual growth rate (CAGR) stands at +2.4%, indicating moderate growth over time. The company achieved its highest annual revenue of $2.23 billion in 2014.
When compared to Communication Services sector peers including AMT (+2.7% YoY), CCI (-22.9% YoY), and SBAC (+6.3% YoY), IHS has underperformed the peer group in terms of revenue growth. Compare IHS vs AMT →
IHS Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| IHSCurrent | $1.6B | -42.0% | +2.4% | 16.8% | |
 AMT | $10.6B | +2.7% | +5.8% | 45.8% | |
 CCI | $4.3B | -22.9% | -6.1% | 48.7% | |
 SBAC | $2.8B | +6.3% | +6.2% | 48.7% | |
 ATUS | $8.6B | -4.1% | -2.8% | -1.3% | |
 UNIT | $2.2B | +91.5% | +15.9% | 21.2% |
IHS Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $1.58B | -7.6% | $864.2M | 54.6% | $266.1M | 16.8% |
| 2024 | $1.71B | -19.5% | $820.7M | 48.0% | $479.1M | 28.0% |
| 2023 | $2.13B | +8.4% | $1.04B | 49.0% | $530.7M | 25.0% |
| 2022 | $1.96B | +24.2% | $804.3M | 41.0% | $312.2M | 15.9% |
| 2021 | $1.58B | +12.6% | $672.3M | 42.6% | $388.4M | 24.6% |
| 2020 | $1.40B | +14.0% | $564.7M | 40.2% | $331.9M | 23.7% |
| 2019 | $1.23B | +5.4% | $420.1M | 34.1% | $-157,104,000 | -12.8% |
| 2018 | $1.17B | +5.5% | $401.4M | 34.4% | $205.9M | 17.6% |
| 2017 | $1.11B | +22.2% | $396.2M | 35.8% | $193.0M | 17.4% |
| 2016 | $905.6M | +24.6% | $270.9M | 29.9% | $28.2M | 3.1% |
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Start ComparisonIHS — Frequently Asked Questions
Quick answers to the most common questions about buying IHS stock.
Is IHS's revenue growth accelerating or slowing?
IHS revenue declined -42.0% year-over-year, contrasting with the 5-year CAGR of +2.4%. TTM revenue fell to $1.6B. This reverses the prior growth trend.
What is IHS's long-term revenue growth rate?
IHS Holding Limited's 5-year revenue CAGR of +2.4% reflects the variable expansion pattern. Current YoY growth of -42.0% is below this long-term average.
How is IHS's revenue distributed by segment?
IHS 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.