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RingCentral (RNG) Revenue & Revenue Breakdown

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RingCentral Revenue Highlights

Latest Revenue (Y)

$2.20B

Latest Revenue (Q)

$608.76M

Main Segment (Y)

License and Service

RingCentral Revenue by Period

RingCentral Revenue by Year

DateRevenueChange
2023-12-31$2.20B10.77%
2022-12-31$1.99B24.68%
2021-12-31$1.59B34.73%
2020-12-31$1.18B31.10%
2019-12-31$902.86M34.03%
2018-12-31$673.62M34.31%
2017-12-31$501.53M32.08%
2016-12-31$379.72M28.19%
2015-12-31$296.23M34.72%
2014-12-31$219.89M37.00%
2013-12-31$160.50M40.15%
2012-12-31$114.53M45.20%
2011-12-31$78.88M57.06%
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

DateRevenueChange
2024-09-30$608.76M2.67%
2024-06-30$592.91M1.49%
2024-03-31$584.21M2.27%
2023-12-31$571.27M2.35%
2023-09-30$558.16M3.50%
2023-06-30$539.30M1.05%
2023-03-31$533.69M1.70%
2022-12-31$524.75M3.09%
2022-09-30$509.03M4.55%
2022-06-30$486.90M4.11%
2022-03-31$467.66M4.27%
2021-12-31$448.50M8.17%
2021-09-30$414.63M9.32%
2021-06-30$379.27M7.64%
2021-03-31$352.36M5.33%
2020-12-31$334.54M10.18%
2020-09-30$303.62M9.22%
2020-06-30$277.99M3.91%
2020-03-31$267.51M5.79%
2019-12-31$252.87M8.36%
2019-09-30$233.35M8.46%
2019-06-30$215.15M6.78%
2019-03-31$201.49M6.82%
2018-12-31$188.62M8.51%
2018-09-30$173.82M8.08%
2018-06-30$160.83M6.98%
2018-03-31$150.34M6.98%
2017-12-31$140.53M8.30%
2017-09-30$129.76M8.65%
2017-06-30$119.44M6.84%
2017-03-31$111.79M6.97%
2016-12-31$104.50M7.91%
2016-09-30$96.84M5.44%
2016-06-30$91.84M6.13%
2016-03-31$86.54M3.71%
2015-12-31$83.44M8.67%
2015-09-30$76.78M8.61%
2015-06-30$70.69M8.23%
2015-03-31$65.32M5.53%
2014-12-31$61.89M8.69%
2014-09-30$56.94M7.88%
2014-06-30$52.79M9.38%
2014-03-31$48.26M6.44%
2013-12-31$45.34M8.13%
2013-09-30$41.93M11.22%
2013-06-30$37.70M6.13%
2013-03-31$35.52M7.25%
2012-12-31$33.13M11.95%
2012-09-30$29.59M-

RingCentral generated $608.76M in revenue during Q3 2024, up 2.67% compared to the previous quarter, and up 112.88% compared to the same period a year ago.

RingCentral Revenue Breakdown

RingCentral Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
License and Service$2.10B$1.89B$1.48B$1.09B$817.81M
Product and Service, Other$102.10M$100.57M$112.67M$97.38M$85.05M

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/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Product and Service, Other$25.80M$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---
License and Service$582.97M$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
Product---------$11.30M$12.90M$12.50M--------

RingCentral's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: License and Service (95.76%), and Product and Service, Other (4.24%).

RingCentral Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
INTUIntuit$16.29B$3.28B
NOWServiceNow$8.97B$2.80B
WDAYWorkday$7.26B$2.17B
ADSKAutodesk$5.44B$1.31B
ZMZoom Video Communications$4.53B$1.18B
SNOWSnowflake$2.81B$942.09M
RNGRingCentral$2.20B$608.76M
HUBSHubSpot$2.17B$669.72M
DDOGDatadog$2.13B$690.02M
ESTCElastic$1.27B$365.36M
ZIZoomInfo$1.24B$303.60M
CXMSprinklr$732.36M$200.69M
MNDYmonday$729.70M$216.91M
GTLBGitLab$579.91M$196.05M
LPSNLivePerson$401.98M$74.24M
DOMODomo$318.99M$79.76M
AIC3.ai$310.58M$94.34M

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 Q3 2024 was $608.76M, a 2.67% increase from the previous quarter (Q2 2024), and a 9.07% increase year-over-year (Q3 2023). The company'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). RNG'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).

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 License and Service, and Product and Service, Other. License and Service generated $2.1B in revenue, accounting 95.36% of the company's total revenue, up 11.26% year-over-year. Product and Service, Other generated $102.1M in revenue, accounting 4.64% of the company's total revenue, up 1.52% 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.