Swvl Holdings Corp. (SWVL) Revenue History
Annual and quarterly revenue from 2019 to 2024
Compound Annual Growth Rate (CAGR)
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SWVL Revenue Growth
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)
As of May 8, 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.
Looking at the longer-term picture, SWVL's 5-year compound annual growth rate (CAGR) stands at +6.9%, indicating steady revenue expansion. The company achieved its highest annual revenue of $43.0 million in 2022.
Revenue diversification analysis shows SWVL's business 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 maintains significant focus in this area while developing other growth vectors.
When 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 terms of 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 | $338M | - | - | -24.8% | |
 BLNK | $124M | -22.3% | +114.6% | -160.6% |
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% |
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Start ComparisonSWVL — Frequently Asked Questions
Quick answers to the most common questions about buying SWVL stock.
Is SWVL's revenue growth accelerating or slowing?
SWVL revenue is accelerating at +30.9% year-over-year, exceeding the 5-year CAGR of +6.9%. TTM revenue reached $18M. Growth momentum has increased versus prior periods.
What is SWVL's long-term revenue growth rate?
Swvl Holdings Corp.'s 5-year revenue CAGR of +6.9% reflects the sustained expansion pattern. Current YoY growth of +30.9% is above this long-term average.
How is SWVL's revenue distributed by segment?
SWVL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2024 are available for download. Segment mix reveals concentration and diversification trends.