Swvl Holdings Corp. (SWVL) Revenue History
Annual and quarterly revenue from 2019 to present
SWVL Revenue Over Time (2019–2024)
SWVL Revenue Growth History
3 of 5 years with positive growth- FY2019 revenue growth
- N/A
- FY2020 revenue growth
- +40.2%
- FY2021 revenue growth
- +47.7%
- FY2022 revenue growth
- +68.2%
- FY2023 revenue growth
- -46.9%
- FY2024 revenue growth
- -24.7%
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2025 | $5.3M | +30.9% |
| Q1 2025 | $4.9M | +21.7% |
| Q2 2024 | $4.0M | -27.4% |
| Q1 2024 | $4.0M | -27.4% |
| Q4 2023 | $5.9M | +141.7% |
| Q3 2023 | $5.9M | -76.4% |
| Q2 2023 | $5.6M | -48.7% |
| Q1 2023 | $5.6M | -48.7% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2024)
SWVL's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
SWVL Revenue Analysis (2019–2024)
Current Revenue & Growth
As of June 21, 2026, Swvl Holdings Corp. (SWVL) generated trailing twelve-month (TTM) revenue of $18.3 million, reflecting explosive growth of +30.9% year-over-year. The most recent quarter (Q2 2025) recorded $5.3 million in revenue, up 7.5% sequentially.
Historical Growth Trajectory
SWVL's 5-year compound annual growth rate (CAGR) stands at +6.9%, indicating steady revenue expansion. The 3-year CAGR of -12.4% is below the 5-year average, signalling a growth deceleration in recent years. Swvl Holdings Corp.'s highest annual revenue of $43.0 million was recorded in 2022.
Revenue by Segment
SWVL's revenue is primarily driven by Business To Business SaaS (75%), and Business To Customers (25%). With over half of revenue concentrated in Business To Business SaaS, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Technology sector peers — including UBER (+18.3% YoY), LYFT (+9.4% YoY), and GRAB (+21.8% YoY) — SWVL has outperformed the peer group in revenue growth. Compare SWVL vs UBER →
SWVL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SWVLCurrent | $18M | +30.9% | +6.9% | -49.3% | |
 UBER | $52.0B | +18.3% | +36.1% | 10.7% | |
 LYFT | $6.3B | +9.4% | +21.7% | -3.0% | |
 GRAB | $3.4B | +21.8% | +48.4% | 6.0% | |
 VIA | $434M | - | - | -17.6% | |
 BLNK | $103M | -4.4% | +75.4% | -72.4% |
SWVL Historical Revenue Data (2019–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $17.2M | -24.7% | $3.6M | 21.1% | $-8,488,844 | -49.3% |
| 2023 | $22.9M | -46.9% | $4.1M | 18.0% | $12.8M | 56.0% |
| 2022 | $43.0M | +68.2% | $180K | 0.4% | $-80,794,680 | -187.9% |
| 2021 | $25.6M | +47.7% | $-5,786,034 | -22.6% | $-88,108,144 | -344.7% |
| 2020 | $17.3M | +40.2% | $-4,211,887 | -24.3% | $-24,573,537 | -141.9% |
| 2019 | $12.4M | - | $-21,431,988 | -173.5% | $-40,924,177 | -331.3% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
7+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
SWVL — Frequently Asked Questions
Quick answers to the most common questions about buying SWVL stock.
Is SWVL's revenue growth accelerating or slowing?
SWVL revenue growth is accelerating. TTM revenue reached $18M, up +30.9% year-over-year — ahead of the 5-year CAGR of +6.9%. This indicates the business is expanding faster than its historical baseline.
What is SWVL's revenue history from 2019 to 2026?
Swvl Holdings Corp. (SWVL) revenue history spans 2019 to 2026. TTM revenue as of 2026 is $18M, growing at +30.9% YoY. The 5-year CAGR is +6.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is SWVL's long-term revenue growth rate (CAGR)?
Swvl Holdings Corp.'s 5-year revenue CAGR of +6.9% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +30.9% is above this long-term average. CAGR is the most reliable measure of sustained revenue momentum for SWVL.
Why does SWVL's quarterly revenue fluctuate?
SWVL 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. Swvl Holdings Corp.'s revenue data from 2019 to 2026 shows full historical quarterly detail on this page.
How is SWVL's revenue distributed by segment?
SWVL 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 SWVL's revenue compare to industry peers?
Swvl Holdings Corp. (SWVL) with TTM revenue of $18M and +30.9% 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.