Rackspace Technology, Inc. (RXT) Revenue History
Annual and quarterly revenue from 2018 to 2025
Compound Annual Growth Rate (CAGR)
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RXT Revenue Growth
Revenue Breakdown (FY 2022)
RXT's revenue distribution by segment and geography for fiscal year 2022
By Product/Segment
By Geography
RXT Revenue Analysis (2018–2025)
As of May 8, 2026, Rackspace Technology, Inc. (RXT) generated trailing twelve-month (TTM) revenue of $2.70 billion, reflecting modest growth of +1.9% year-over-year. The most recent quarter (Q1 2026) recorded $678.1 million in revenue, down 0.7% sequentially.
Looking at the longer-term picture, RXT's 5-year compound annual growth rate (CAGR) stands at -0.2%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $3.12 billion in 2022.
Revenue diversification analysis shows RXT's business is primarily driven by Multi-Cloud Services Segment (82%), Apps & Cross Platform Segment (13%), and OpenStack Public Cloud Segment (5%). With over half of revenue concentrated in Multi-Cloud Services Segment, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including LUMN (-6.8% YoY), CNXC (+2.2% YoY), and DXC (-1.8% YoY), RXT has underperformed the peer group in terms of revenue growth. Compare RXT vs LUMN →
RXT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| RXTCurrent | $2.7B | +1.9% | -0.2% | -3.7% | |
 LUMN | $12.4B | -6.8% | -9.7% | -1.5% | |
 CNXC | $9.8B | +2.2% | +15.8% | 6.2% | |
 DXC | $12.9B | -1.8% | -8.0% | 5.4% | |
 SIFY | $39.9B | +9.1% | +11.7% | 5.7% | |
 CSCO | $56.7B | +9.0% | +2.8% | 20.8% |
RXT Historical Revenue Data (2018–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.69B | -1.9% | $506.4M | 18.9% | $-100,700,000 | -3.7% |
| 2024 | $2.74B | -7.4% | $533.4M | 19.5% | $-909,100,000 | -33.2% |
| 2023 | $2.96B | -5.3% | $648.6M | 21.9% | $-899,400,000 | -30.4% |
| 2022 | $3.12B | +3.7% | $856.9M | 27.4% | $-679,000,000 | -21.7% |
| 2021 | $3.01B | +11.2% | $936.8M | 31.1% | $-2,500,000 | -0.1% |
| 2020 | $2.71B | +11.0% | $984.4M | 36.4% | $24.7M | 0.9% |
| 2019 | $2.44B | -0.6% | $1.01B | 41.5% | $101.6M | 4.2% |
| 2018 | $2.45B | - | $1.01B | 41.1% | $70.5M | 2.9% |
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Start ComparisonRXT — Frequently Asked Questions
Quick answers to the most common questions about buying RXT stock.
Is RXT's revenue growth accelerating or slowing?
RXT revenue growth slowed to +1.9%, below the 5-year CAGR of -0.2%. TTM revenue is $2.7B. The deceleration marks a shift from historical growth rates.
What is RXT's long-term revenue growth rate?
Rackspace Technology, Inc.'s 5-year revenue CAGR of -0.2% reflects the variable expansion pattern. Current YoY growth of +1.9% is near this long-term average.
How is RXT's revenue distributed by segment?
RXT reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2018-2025 are available for download. Segment mix reveals concentration and diversification trends.