IHS Holding Limited (IHS) Revenue History
Annual and quarterly revenue from 2007 to present
IHS Revenue Over Time (2007–2025)
IHS Revenue Growth History
15 of 18 years with positive growth- FY2007 revenue growth
- N/A
- FY2008 revenue growth
- +53.2%
- FY2009 revenue growth
- +14.6%
- FY2010 revenue growth
- +11.2%
- FY2011 revenue growth
- +23.3%
- FY2012 revenue growth
- +15.4%
- FY2013 revenue growth
- +20.3%
- FY2014 revenue growth
- +21.2%
- FY2015 revenue growth
- -67.4%
- FY2016 revenue growth
- +24.6%
- FY2017 revenue growth
- +22.2%
- FY2018 revenue growth
- +5.5%
- FY2019 revenue growth
- +5.4%
- FY2020 revenue growth
- +14.0%
- FY2021 revenue growth
- +12.6%
- FY2022 revenue growth
- +24.2%
- FY2023 revenue growth
- +8.4%
- FY2024 revenue growth
- -19.5%
- FY2025 revenue growth
- -7.6%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $415.4M | -5.5% |
| Q4 2025 | $254.0M | -42.0% |
| Q3 2025 | $455.1M | +8.3% |
| Q2 2025 | $433.3M | -0.5% |
| Q1 2025 | $439.6M | +5.2% |
| Q4 2024 | $437.8M | -14.1% |
| Q3 2024 | $420.3M | -10.0% |
| Q2 2024 | $435.4M | -20.3% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown
IHS's revenue distribution by segment and geography
By Geography
IHS Revenue Analysis (2007–2025)
Current Revenue & Growth
As of June 22, 2026, IHS Holding Limited (IHS) generated trailing twelve-month (TTM) revenue of $1.56 billion, reflecting moderate decline in growth of -5.5% year-over-year. The most recent quarter (Q1 2026) recorded $415.4 million in revenue, up 63.5% sequentially.
Historical Growth Trajectory
IHS's 5-year compound annual growth rate (CAGR) stands at +2.4%, indicating moderate growth over time. The 3-year CAGR of -6.9% is below the 5-year average, signalling a growth deceleration in recent years. IHS Holding Limited's highest annual revenue of $2.23 billion was recorded in 2014.
Peer Comparison
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 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 | -5.5% | +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 | +149.3% | +15.9% | 21.2% |
IHS Historical Revenue Data (2007–2025)
| 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% |
| 2015 | $726.7M | -67.4% | $204.5M | 28.1% | $-1,086,000 | -0.1% |
| 2014 | $2.23B | +21.2% | $1.35B | 60.6% | $303.6M | 13.6% |
| 2013 | $1.84B | +20.3% | $1.09B | 59.4% | $198.2M | 10.8% |
| 2012 | $1.53B | +15.4% | $905.4M | 59.2% | $207.3M | 13.5% |
| 2011 | $1.33B | +23.3% | $767.1M | 57.9% | $172.5M | 13.0% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
19+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
IHS — Frequently Asked Questions
Quick answers to the most common questions about buying IHS stock.
Is IHS's revenue growth accelerating or slowing?
IHS revenue is declining -5.5% year-over-year. TTM revenue fell to $1.6B, contrasting with the 5-year CAGR of +2.4%. The reversal reflects either macro headwinds or company-specific challenges.
What is IHS's revenue history from 2007 to 2026?
IHS Holding Limited (IHS) revenue history spans 2007 to 2026. TTM revenue as of 2026 is $1.6B, growing at -5.5% YoY. The 5-year CAGR is +2.4%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is IHS's long-term revenue growth rate (CAGR)?
IHS Holding Limited's 5-year revenue CAGR of +2.4% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -5.5% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for IHS.
Why does IHS's quarterly revenue fluctuate?
IHS 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. IHS Holding Limited's revenue data from 2007 to 2026 shows full historical quarterly detail on this page.
How is IHS's revenue distributed by segment?
IHS 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 IHS's revenue compare to industry peers?
IHS Holding Limited (IHS) with TTM revenue of $1.6B and -5.5% 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.