Shinhan Financial Group Co., Ltd. (SHG) Revenue History
Annual and quarterly revenue from 2002 to present
SHG Revenue Over Time (2002–2025)
SHG Revenue Growth History
18 of 23 years with positive growth- FY2002 revenue growth
- N/A
- FY2003 revenue growth
- +46.7%
- FY2004 revenue growth
- +51.3%
- FY2005 revenue growth
- +11.6%
- FY2006 revenue growth
- +23.4%
- FY2007 revenue growth
- +31.5%
- FY2008 revenue growth
- +4.4%
- FY2009 revenue growth
- +5.5%
- FY2010 revenue growth
- +4.5%
- FY2011 revenue growth
- -13.8%
- FY2012 revenue growth
- +28.3%
- FY2013 revenue growth
- -1.7%
- FY2014 revenue growth
- +3.6%
- FY2015 revenue growth
- +4.3%
- FY2016 revenue growth
- +0.7%
- FY2017 revenue growth
- +8.2%
- FY2018 revenue growth
- +8.9%
- FY2019 revenue growth
- +66.8%
- FY2020 revenue growth
- -2.9%
- FY2021 revenue growth
- +0.1%
- FY2022 revenue growth
- -4.6%
- FY2023 revenue growth
- +37.6%
- FY2024 revenue growth
- +4.7%
- FY2025 revenue growth
- -2.0%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $8.73T | — |
| Q4 2025 | $8.83T | — |
| Q3 2025 | $8.41T | — |
| Q2 2025 | $8.83T | — |
| Q1 2025 | $8.56T | — |
| Q4 2024 | $9.06T | — |
| Q3 2024 | $8.82T | — |
| Q2 2024 | $8.82T | — |
Multi-year avg. share of annual revenue by fiscal quarter
SHG Revenue Analysis (2002–2025)
Current Revenue & Growth
As of June 22, 2026, Shinhan Financial Group Co., Ltd. (SHG) generated trailing twelve-month (TTM) revenue of $34.80 trillion, reflecting modest growth of +2.0% year-over-year. The most recent quarter (Q1 2026) recorded $8.73 trillion in revenue, down 1.1% sequentially.
Historical Growth Trajectory
SHG's 5-year compound annual growth rate (CAGR) stands at +6.2%, indicating steady revenue expansion. The 3-year CAGR of +12.2% exceeds the 5-year average, indicating an acceleration in the most recent period. Shinhan Financial Group Co., Ltd.'s highest annual revenue of $35.38 trillion was recorded in 2024.
Peer Comparison
Compared to Financial Services sector peers — including KB, WF, and HDB. Compare SHG vs KB →
SHG Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SHGCurrent | $34.80T | +2.0% | +6.2% | 20.0% | |
 KB | $50.69T | - | - | 16.8% | |
 WF | $28.18T | - | - | 14.7% | |
 HDB | $4.19T | - | - | 20.5% | |
 IBN | $2.95T | - | - | 24.8% | |
 MFG | $9.49T | - | - | 18.1% |
SHG Historical Revenue Data (2002–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $34.69T | - | $16.45T | 47.4% | $6.93T | 20.0% |
| 2024 | $35.38T | - | $15.57T | 44.0% | $6.03T | 17.0% |
| 2023 | $33.80T | - | $14.88T | 44.0% | $5.96T | 17.6% |
| 2022 | $24.56T | - | $13.78T | 56.1% | $6.37T | 25.9% |
| 2021 | $25.75T | - | $20.84T | 80.9% | $5.58T | 21.7% |
| 2020 | $25.72T | - | $19.47T | 75.7% | $4.75T | 18.5% |
| 2019 | $26.50T | - | $19.56T | 73.8% | $4.91T | 18.5% |
| 2018 | $15.89T | - | $15.89T | 100.0% | $9.42T | 59.3% |
| 2017 | $14.60T | - | $14.60T | 100.0% | $4.49T | 30.8% |
| 2016 | $13.49T | - | $13.49T | 100.0% | $7.15T | 53.0% |
| 2015 | $13.40T | - | $13.40T | 100.0% | $7.50T | 55.9% |
| 2014 | $12.85T | - | $12.85T | 100.0% | $8.02T | 62.4% |
| 2013 | $12.40T | - | $7.76T | 62.6% | $8.51T | 68.6% |
| 2012 | $12.61T | - | $12.61T | 100.0% | $9.94T | 78.9% |
| 2011 | $9.83T | - | $9.83T | 100.0% | $10.72T | 109.1% |
Full Stock Analysis
Deep dive into SHG consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
24+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
SHG — Frequently Asked Questions
Quick answers to the most common questions about buying SHG stock.
Is SHG's revenue growth accelerating or slowing?
SHG revenue growth is slowing. TTM revenue is $34.8T, up +2.0% year-over-year — below the 5-year CAGR of +6.2%. The deceleration suggests maturing end-markets or increased competition.
What is SHG's revenue history from 2002 to 2026?
Shinhan Financial Group Co., Ltd. (SHG) revenue history spans 2002 to 2026. TTM revenue as of 2026 is $34.8T, growing at +2.0% YoY. The 5-year CAGR is +6.2%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is SHG's long-term revenue growth rate (CAGR)?
Shinhan Financial Group Co., Ltd.'s 5-year revenue CAGR of +6.2% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of +2.0% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for SHG.
Why does SHG's quarterly revenue fluctuate?
SHG 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. Shinhan Financial Group Co., Ltd.'s revenue data from 2002 to 2026 shows full historical quarterly detail on this page.
How is SHG's revenue distributed by segment?
SHG 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 SHG's revenue compare to industry peers?
Shinhan Financial Group Co., Ltd. (SHG) with TTM revenue of $34.8T and +2.0% 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.