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OneConnect Financial (OCFT) Revenue & Revenue Breakdown

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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

DateRevenueChange
2023-12-31$3.67B-17.84%
2022-12-31$4.46B8.03%
2021-12-31$4.13B24.76%
2020-12-31$3.31B42.29%
2019-12-31$2.33B64.69%
2018-12-31$1.41B142.90%
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

DateRevenueChange
2024-03-31$723.27M-21.77%
2023-12-31$924.57M9.60%
2023-09-30$843.60M-13.34%
2023-06-30$973.40M5.12%
2023-03-31$925.95M-25.47%
2022-12-31$1.24B16.24%
2022-09-30$1.07B-5.72%
2022-06-30$1.13B11.27%
2022-03-31$1.02B-20.41%
2021-12-31$1.28B20.26%
2021-09-30$1.06B10.01%
2021-06-30$967.75M18.05%
2021-03-31$819.76M-23.79%
2020-12-31$1.08B22.04%
2020-09-30$881.45M13.84%
2020-06-30$774.32M33.32%
2020-03-31$580.80M-24.86%
2019-12-31$772.92M32.18%
2019-09-30$584.74M12.04%
2019-06-30$521.91M16.43%
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/ServiceDec 23Dec 22Dec 21Dec 20Dec 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

TickerCompanyLast Year RevenueLast Quarter Revenue
YMMFull Truck Alliance$8.44B$2.27B
KCKingsoft Cloud$7.05B$1.78B
OCFTOneConnect Financial$3.67B$723.27M
ALITAlight$3.41B$538.00M
GBTGGlobal Business Travel Group$2.29B$597.00M
RBTRubicon$697.58M$163.06M
PRGSProgress Software$694.44M$178.69M
SPNSSapiens$514.58M$134.25M
DOMODomo$318.99M$78.41M
PROPROS$303.71M$82.70M
PDFSPDF Solutions$165.84M$46.41M
LAWCS Disco$138.09M$36.27M
MCLDmCloud$25.60M$2.91M
PBTSX3$10.48M$1.73M
DUOTDuos Technologies Group$7.47M$3.24M
MYSZMy Size$7.00M$1.84M
IDAIT Stamp$4.56M$511.08K
WETGNext Technology$2.63M$1.00M
AMSTAmesite$166.88K$11.25K

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.