OneConnect Financial (OCFT) Revenue & Revenue Breakdown
OneConnect Financial Revenue Highlights
Latest Revenue (Y)
$3.67B
Latest Revenue (Q)
$723.27M
Main Segment (Y)
Risk Management Services
OneConnect Financial Revenue by Period
OneConnect Financial Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $3.67B | -17.84% |
| 2022-12-31 | $4.46B | 8.03% |
| 2021-12-31 | $4.13B | 24.76% |
| 2020-12-31 | $3.31B | 42.29% |
| 2019-12-31 | $2.33B | 64.69% |
| 2018-12-31 | $1.41B | 142.90% |
| 2017-12-31 | $581.91M | - |
OneConnect Financial generated $3.67B in revenue during NA 2023, up -17.84% compared to the previous quarter, and up 259.46% compared to the same period a year ago.
OneConnect Financial Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $723.27M | -21.77% |
| 2023-12-31 | $924.57M | 9.60% |
| 2023-09-30 | $843.60M | -13.34% |
| 2023-06-30 | $973.40M | 5.12% |
| 2023-03-31 | $925.95M | -25.47% |
| 2022-12-31 | $1.24B | 16.24% |
| 2022-09-30 | $1.07B | -5.72% |
| 2022-06-30 | $1.13B | 11.27% |
| 2022-03-31 | $1.02B | -20.41% |
| 2021-12-31 | $1.28B | 20.26% |
| 2021-09-30 | $1.06B | 10.01% |
| 2021-06-30 | $967.75M | 18.05% |
| 2021-03-31 | $819.76M | -23.79% |
| 2020-12-31 | $1.08B | 22.04% |
| 2020-09-30 | $881.45M | 13.84% |
| 2020-06-30 | $774.32M | 33.32% |
| 2020-03-31 | $580.80M | -24.86% |
| 2019-12-31 | $772.92M | 32.18% |
| 2019-09-30 | $584.74M | 12.04% |
| 2019-06-30 | $521.91M | 16.43% |
| 2019-03-31 | $448.27M | -12.27% |
| 2018-12-31 | $510.99M | - |
OneConnect Financial generated $723.27M in revenue during Q1 2024, up -21.77% compared to the previous quarter, and up 58.21% compared to the same period a year ago.
OneConnect Financial Revenue Breakdown
OneConnect Financial Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Other Revenue | $75.38M | - | - | - | - |
| Risk Management Services | $320.46M | - | - | - | - |
| Others | - | $189.54M | $182.38M | - | - |
| Revenue from guarantee model | - | - | $191.00K | - | - |
| Revenue From Guarantee Model | - | - | - | $6.71M | $13.66M |
OneConnect Financial's latest annual revenue breakdown by segment (product or service), as of Dec 23: Risk Management Services (80.96%), and Other Revenue (19.04%).
OneConnect Financial Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| YMM | Full Truck Alliance | $8.44B | $2.27B |
| KC | Kingsoft Cloud | $7.05B | $1.78B |
| OCFT | OneConnect Financial | $3.67B | $723.27M |
| ALIT | Alight | $3.41B | $538.00M |
| GBTG | Global Business Travel Group | $2.29B | $625.00M |
| RBT | Rubicon | $697.58M | $163.06M |
| PRGS | Progress Software | $694.44M | $175.08M |
| SPNS | Sapiens | $514.58M | $134.25M |
| DOMO | Domo | $318.99M | $80.10M |
| PRO | PROS | $303.71M | $82.01M |
| PDFS | PDF Solutions | $165.84M | $41.66M |
| LAW | CS Disco | $138.09M | $36.01M |
| MCLD | mCloud | $25.60M | $2.91M |
| PBTS | X3 | $10.48M | $1.73M |
| DUOT | Duos Technologies Group | $7.47M | $1.51M |
| MYSZ | My Size | $7.00M | $1.98M |
| IDAI | T Stamp | $4.56M | $573.68K |
| WETG | Next Technology | $2.63M | $1.00M |
| AMST | Amesite | $845.01K | $34.26K |
OCFT Revenue FAQ
What is OneConnect Financial’s yearly revenue?
OneConnect Financial's yearly revenue for 2023 was $3.67B, representing a decrease of -17.84% compared to 2022. The company's yearly revenue for 2022 was $4.46B, representing an increase of 8.03% compared to 2021. OCFT's yearly revenue for 2021 was $4.13B, representing an increase of 24.76% compared to 2020.
What is OneConnect Financial’s quarterly revenue?
OneConnect Financial's quarterly revenue for Q1 2024 was $723.27M, a -21.77% decrease from the previous quarter (Q4 2023), and a -21.89% decrease year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $924.56M, a 9.60% increase from the previous quarter (Q3 2023), and a -25.58% decrease year-over-year (Q4 2022). OCFT's quarterly revenue for Q3 2023 was $843.6M, a -13.34% decrease from the previous quarter (Q2 2023), and a -21.08% decrease year-over-year (Q3 2022).
What is OneConnect Financial’s revenue growth rate?
OneConnect Financial's revenue growth rate for the last 3 years (2021-2023) was -11.25%, and for the last 5 years (2019-2023) was 57.55%.
What are OneConnect Financial’s revenue streams?
OneConnect Financial's revenue streams in c 23 are Other Revenue, and Risk Management Services. Other Revenue generated $75.38M in revenue, accounting 19.04% of the company's total revenue Risk Management Services generated $320.46M in revenue, accounting 80.96% of the company's total revenue
What is OneConnect Financial’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of OneConnect Financial was Risk Management Services. This segment made a revenue of $320.46M, representing 80.96% of the company's total revenue.