RingCentral (RNG) Revenue & Revenue Breakdown
RingCentral Revenue Highlights
Latest Revenue (Y)
$2.20B
Latest Revenue (Q)
$592.91M
Main Segment (Y)
License and Service
RingCentral Revenue by Period
RingCentral Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $2.20B | 10.77% |
| 2022-12-31 | $1.99B | 24.68% |
| 2021-12-31 | $1.59B | 34.73% |
| 2020-12-31 | $1.18B | 31.10% |
| 2019-12-31 | $902.86M | 34.03% |
| 2018-12-31 | $673.62M | 34.31% |
| 2017-12-31 | $501.53M | 32.08% |
| 2016-12-31 | $379.72M | 28.19% |
| 2015-12-31 | $296.23M | 34.72% |
| 2014-12-31 | $219.89M | 37.00% |
| 2013-12-31 | $160.50M | 40.15% |
| 2012-12-31 | $114.53M | 45.20% |
| 2011-12-31 | $78.88M | 57.06% |
| 2010-12-31 | $50.22M | - |
RingCentral generated $2.20B in revenue during NA 2023, up 10.77% compared to the previous quarter, and up 326.95% compared to the same period a year ago.
RingCentral Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $592.91M | 1.49% |
| 2024-03-31 | $584.21M | 2.27% |
| 2023-12-31 | $571.27M | 2.35% |
| 2023-09-30 | $558.16M | 3.50% |
| 2023-06-30 | $539.30M | 1.05% |
| 2023-03-31 | $533.69M | 1.70% |
| 2022-12-31 | $524.75M | 3.09% |
| 2022-09-30 | $509.03M | 4.55% |
| 2022-06-30 | $486.90M | 4.11% |
| 2022-03-31 | $467.66M | 4.27% |
| 2021-12-31 | $448.50M | 8.17% |
| 2021-09-30 | $414.63M | 9.32% |
| 2021-06-30 | $379.27M | 7.64% |
| 2021-03-31 | $352.36M | 5.33% |
| 2020-12-31 | $334.54M | 10.18% |
| 2020-09-30 | $303.62M | 9.22% |
| 2020-06-30 | $277.99M | 3.91% |
| 2020-03-31 | $267.51M | 5.79% |
| 2019-12-31 | $252.87M | 8.36% |
| 2019-09-30 | $233.35M | 8.46% |
| 2019-06-30 | $215.15M | 6.78% |
| 2019-03-31 | $201.49M | 6.82% |
| 2018-12-31 | $188.62M | 8.51% |
| 2018-09-30 | $173.82M | 8.08% |
| 2018-06-30 | $160.83M | 6.98% |
| 2018-03-31 | $150.34M | 6.98% |
| 2017-12-31 | $140.53M | 8.30% |
| 2017-09-30 | $129.76M | 8.65% |
| 2017-06-30 | $119.44M | 6.84% |
| 2017-03-31 | $111.79M | 6.97% |
| 2016-12-31 | $104.50M | 7.91% |
| 2016-09-30 | $96.84M | 5.44% |
| 2016-06-30 | $91.84M | 6.13% |
| 2016-03-31 | $86.54M | 3.71% |
| 2015-12-31 | $83.44M | 8.67% |
| 2015-09-30 | $76.78M | 8.61% |
| 2015-06-30 | $70.69M | 8.23% |
| 2015-03-31 | $65.32M | 5.53% |
| 2014-12-31 | $61.89M | 8.69% |
| 2014-09-30 | $56.94M | 7.88% |
| 2014-06-30 | $52.79M | 9.38% |
| 2014-03-31 | $48.26M | 6.44% |
| 2013-12-31 | $45.34M | 8.13% |
| 2013-09-30 | $41.93M | 11.22% |
| 2013-06-30 | $37.70M | 6.13% |
| 2013-03-31 | $35.52M | 7.25% |
| 2012-12-31 | $33.13M | 11.95% |
| 2012-09-30 | $29.59M | - |
RingCentral generated $592.91M in revenue during Q2 2024, up 1.49% compared to the previous quarter, and up 111.10% compared to the same period a year ago.
RingCentral Revenue Breakdown
RingCentral Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Product and Service, Other | $102.10M | $100.57M | $112.67M | $97.38M | $85.05M |
| License and Service | $2.10B | $1.89B | $1.48B | $1.09B | $817.81M |
RingCentral's latest annual revenue breakdown by segment (product or service), as of Dec 23: License and Service (95.36%), and Product and Service, Other (4.64%).
Quarterly Revenue by Product
| Product/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Product and Service, Other | $26.72M | $23.90M | $27.13M | $25.67M | $25.39M | $23.13M | $25.80M | $23.91M | $28.28M | $27.13M | $28.04M | $23.98M | $20.95M | $24.41M | $23.46M | $22.45M | $20.36M | - | - | - |
| License and Service | $557.49M | $547.37M | $531.03M | $513.63M | $508.29M | $501.62M | $483.23M | $462.98M | $439.93M | $420.21M | $385.44M | $351.20M | $325.22M | $306.50M | $279.64M | $257.04M | $243.10M | $229.41M | $210.91M | $194.79M |
| Product | - | - | - | - | - | - | - | - | $11.30M | $12.90M | $12.50M | - | - | - | - | - | - | - | - | - |
RingCentral's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: License and Service (95.43%), and Product and Service, Other (4.57%).
RingCentral Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| INTU | Intuit | $16.29B | $6.74B |
| NOW | ServiceNow | $8.97B | $2.63B |
| WDAY | Workday | $7.26B | $2.08B |
| ADSK | Autodesk | $5.44B | $1.50B |
| ZM | Zoom Video Communications | $4.53B | $1.16B |
| SNOW | Snowflake | $2.81B | $868.82M |
| RNG | RingCentral | $2.20B | $592.91M |
| HUBS | HubSpot | $2.17B | $617.41M |
| DDOG | Datadog | $2.13B | $645.28M |
| ESTC | Elastic | $1.27B | $347.42M |
| ZI | ZoomInfo | $1.24B | $291.50M |
| CXM | Sprinklr | $732.36M | $197.21M |
| MNDY | monday | $729.70M | $216.91M |
| GTLB | GitLab | $579.91M | $182.58M |
| LPSN | LivePerson | $401.98M | $79.88M |
| DOMO | Domo | $318.99M | $78.41M |
| AI | C3.ai | $310.58M | $87.21M |
RNG Revenue FAQ
What is RingCentral’s yearly revenue?
RingCentral's yearly revenue for 2023 was $2.2B, representing an increase of 10.77% compared to 2022. The company's yearly revenue for 2022 was $1.99B, representing an increase of 24.68% compared to 2021. RNG's yearly revenue for 2021 was $1.59B, representing an increase of 34.73% compared to 2020.
What is RingCentral’s quarterly revenue?
RingCentral's quarterly revenue for Q2 2024 was $592.91M, a 1.49% increase from the previous quarter (Q1 2024), and a 9.94% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $584.21M, a 2.27% increase from the previous quarter (Q4 2023), and a 9.47% increase year-over-year (Q1 2023). RNG's quarterly revenue for Q4 2023 was $571.27M, a 2.35% increase from the previous quarter (Q3 2023), and a 8.87% increase year-over-year (Q4 2022).
What is RingCentral’s revenue growth rate?
RingCentral's revenue growth rate for the last 3 years (2021-2023) was 38.10%, and for the last 5 years (2019-2023) was 143.94%.
What are RingCentral’s revenue streams?
RingCentral's revenue streams in c 23 are Product and Service, Other, and License and Service. Product and Service, Other generated $102.1M in revenue, accounting 4.64% of the company's total revenue, up 1.52% year-over-year. License and Service generated $2.1B in revenue, accounting 95.36% of the company's total revenue, up 11.26% year-over-year.
What is RingCentral’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of RingCentral was License and Service. This segment made a revenue of $2.1B, representing 95.36% of the company's total revenue.