MINISO Group Holding Limited (MNSO) Revenue History
Annual and quarterly revenue from 2018 to 2024
Compound Annual Growth Rate (CAGR)
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MNSO Revenue Growth
Revenue Breakdown (FY 2024)
MNSO's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
MNSO Revenue Analysis (2018–2024)
As of May 8, 2026, MINISO Group Holding Limited (MNSO) generated trailing twelve-month (TTM) revenue of $18.63 billion, reflecting exceptional growth of +23.1% year-over-year. The most recent quarter (Q2 2025) recorded $4.97 billion in revenue, up 12.2% sequentially.
Looking at the longer-term picture, MNSO's 5-year compound annual growth rate (CAGR) stands at +13.6%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $16.99 billion in 2024, representing a new all-time high.
Revenue diversification analysis shows MNSO's business is primarily driven by - Product sales to franchisees (47%), - Sales to offline distributors (20%), and - Retail sales in self-operated stores (19%).
When compared to Consumer Cyclical sector peers including FIVE (+22.9% YoY), DG (+5.2% YoY), and GO (+7.3% YoY), MNSO has outperformed the peer group in terms of revenue growth. Compare MNSO vs FIVE →
MNSO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| MNSOCurrent | $18.6B | +23.1% | +13.6% | 19.5% | |
 FIVE | $4.8B | +22.9% | +19.4% | 9.6% | |
 DG | $42.7B | +5.2% | +4.8% | 5.2% | |
 GO | $4.7B | +7.3% | +8.4% | -4.7% | |
 WSM | $7.8B | +1.2% | +2.9% | 18.1% | |
 BBBY | $1.0B | -14.8% | -16.0% | -5.9% |
MNSO Historical Revenue Data (2018–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $16.99B | +688.8% | $7.64B | 44.9% | $3.32B | 19.5% |
| 2023 | $2.15B | -81.2% | $914.9M | 42.5% | $430.2M | 20.0% |
| 2022 | $11.47B | +634.4% | $4.44B | 38.7% | $2.22B | 19.4% |
| 2021 | $1.56B | -82.8% | $475.5M | 30.4% | $882.0M | 56.5% |
| 2020 | $9.07B | +1.0% | $2.43B | 26.8% | $401.0M | 4.4% |
| 2019 | $8.98B | -4.4% | $2.73B | 30.4% | $766.6M | 8.5% |
| 2018 | $9.39B | - | $2.51B | 26.7% | $1.02B | 10.8% |
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Start ComparisonMNSO — Frequently Asked Questions
Quick answers to the most common questions about buying MNSO stock.
Is MNSO's revenue growth accelerating or slowing?
MNSO revenue is accelerating at +23.1% year-over-year, exceeding the 5-year CAGR of +13.6%. TTM revenue reached $18.6B. Growth momentum has increased versus prior periods.
What is MNSO's long-term revenue growth rate?
MINISO Group Holding Limited's 5-year revenue CAGR of +13.6% reflects the sustained expansion pattern. Current YoY growth of +23.1% is above this long-term average.
How is MNSO's revenue distributed by segment?
MNSO reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2018-2024 are available for download. Segment mix reveals concentration and diversification trends.