Thoughtworks (TWKS) Revenue & Revenue Breakdown


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Thoughtworks Revenue Highlights


Latest Revenue (Y)

$1.13B

Latest Revenue (Q)

$251.67M

Main Segment (Y)

Energy, Public And Health Services

Main Geography (Y)

North America

Thoughtworks Revenue by Period


Thoughtworks Revenue by Year

DateRevenueChange
2023-12-31$1.13B-13.07%
2022-12-31$1.30B21.15%
2021-12-31$1.07B33.18%
2020-12-31$803.38M4.04%
2019-12-31$772.19M-

Thoughtworks generated $1.13B in revenue during NA 2023, up -13.07% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

Thoughtworks Revenue by Quarter

DateRevenueChange
2024-06-30$251.67M1.24%
2024-03-31$248.59M-1.50%
2023-12-31$252.39M-9.91%
2023-09-30$280.16M-2.46%
2023-06-30$287.21M-6.46%
2023-03-31$307.06M-1.19%
2022-12-31$310.74M-6.53%
2022-09-30$332.45M0.10%
2022-06-30$332.11M3.48%
2022-03-31$320.94M11.90%
2021-12-31$286.80M0.61%
2021-09-30$285.05M9.45%
2021-06-30$260.43M9.58%
2021-03-31$237.66M15.21%
2020-12-31$206.29M4.96%
2020-09-30$196.55M5.88%
2020-06-30$185.63M-13.62%
2020-03-31$214.91M-

Thoughtworks generated $251.67M in revenue during Q2 2024, up 1.24% compared to the previous quarter, and up 81.96% compared to the same period a year ago.

Thoughtworks Revenue Breakdown


Thoughtworks Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21
Automotive, Travel And Transportation$179.27M$161.16M$132.27M
Technology And Business Services$279.26M--
Retail And Consumer$176.85M$236.73M$203.19M
Financial Services And Insurance$197.41M$221.75M$170.49M
Energy, Public And Health Services$294.03M$316.48M$275.28M
Other Revenue---
Technology And Business Service-$360.12M$288.71M

Thoughtworks's latest annual revenue breakdown by segment (product or service), as of Dec 23: Energy, Public And Health Services (26.09%), Technology And Business Services (24.78%), Financial Services And Insurance (17.52%), Automotive, Travel And Transportation (15.91%), and Retail And Consumer (15.69%).

Quarterly Revenue by Product

Product/ServiceMar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22
Technology And Business Services$65.37M$64.82M$70.61M$69.69M$74.13M$94.22M$95.25M$85.35M-
Automotive, Travel And Transportation$42.12M$41.73M$46.77M$44.94M$45.82M$43.71M$41.92M$37.96M$37.58M
Energy, Public And Health Services$63.02M$63.02M$71.66M$75.31M$84.04M$79.38M$83.39M$76.61M$77.11M
Financial Services And insurance$39.16M$46.45M$52.78M$55.16M$55.00M$59.67M$58.46M--
Retail And Consumer$38.93M$39.79M$44.66M$44.48M$47.91M$53.75M$57.92M$62.63M$62.44M
Financial Services And Insurance-----$48.61M---

Thoughtworks's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Technology And Business Services (26.30%), Energy, Public And Health Services (25.35%), Automotive, Travel And Transportation (16.94%), Financial Services And insurance (15.75%), and Retail And Consumer (15.66%).

Thoughtworks Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22Dec 21
North America$417.57M$503.95M$396.49M
UNITED STATES$402.60M$474.30M$372.80M
AUSTRALIA$116.40M$148.30M$116.50M
Asia Pacific$387.06M$419.98M$358.60M
Europe$280.39M$315.88M$267.12M
GERMANY$125.30M$113.80M-
Latin America$41.79M$56.43M$47.74M

Thoughtworks's latest annual revenue breakdown by geography, as of Dec 23: North America (23.58%), UNITED STATES (22.73%), Asia Pacific (21.85%), Europe (15.83%), GERMANY (7.07%), AUSTRALIA (6.57%), and Latin America (2.36%).

Quarterly Revenue by Country

CountryMar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
Asia Pacific$86.71M$89.28M$97.16M$100.47M$100.16M$99.75M$108.35M$109.67M$102.21M$97.67M$98.76M
Europe$62.21M$60.87M$66.29M$70.18M$83.05M$76.41M$79.94M$76.60M$82.93M$70.64M$69.52M
GERMANY$32.30M$63.00M$31.80M$30.50M$29.60M$30.00M-----
UNITED STATES$81.30M$89.20M$102.30M$102.70M$108.40M$114.60M$121.10M$123.50M$115.10M$97.80M$96.50M
AUSTRALIA$30.10M$56.70M$29.40M$30.30M$33.80M$38.40M$39.80M$36.30M$32.80M$31.00M-
North America$88.80M$93.82M$105.67M$105.78M$112.31M$121.09M$129.42M$131.49M$121.95M$105.54M$103.77M
Latin America$10.87M$8.43M$11.05M$10.79M$11.53M$13.49M$14.74M$14.34M$13.86M$12.95M$13.00M

Thoughtworks's latest quarterly revenue breakdown by geography, as of Mar 24: North America (22.64%), Asia Pacific (22.10%), UNITED STATES (20.72%), Europe (15.86%), GERMANY (8.23%), AUSTRALIA (7.67%), and Latin America (2.77%).

Thoughtworks Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
SAICScience Applications$7.44B$1.82B
CNXCConcentrix$7.11B$2.39B
ITGartner$5.91B$1.60B
GGenpact$4.48B$1.18B
ASGNASGN$4.45B$1.03B
CLVTClarivate$2.63B$650.30M
TTECTTEC$2.46B$534.09M
EXLSExlService$1.63B$472.07M
WNSWNS$1.32B$322.60M
TWKSThoughtworks$1.13B$251.67M
TASKTaskUs$924.37M-
PRFTPerficient$906.54M$215.30M
HCKTHackett Group$296.59M$77.66M

TWKS Revenue FAQ


Thoughtworks's yearly revenue for 2023 was $1.13B, representing a decrease of -13.07% compared to 2022. The company's yearly revenue for 2022 was $1.3B, representing an increase of 21.15% compared to 2021. TWKS's yearly revenue for 2021 was $1.07B, representing an increase of 33.18% compared to 2020.

Thoughtworks's quarterly revenue for Q2 2024 was $251.67M, a 1.24% increase from the previous quarter (Q1 2024), and a -12.38% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $248.59M, a -1.50% decrease from the previous quarter (Q4 2023), and a -19.04% decrease year-over-year (Q1 2023). TWKS's quarterly revenue for Q4 2023 was $252.39M, a -9.91% decrease from the previous quarter (Q3 2023), and a -18.78% decrease year-over-year (Q4 2022).

Thoughtworks's revenue growth rate for the last 3 years (2021-2023) was 5.32%, and for the last 5 years (2019-2023) was 45.92%.

Thoughtworks's revenue streams in c 23 are Automotive, Travel And Transportation, Technology And Business Services, Retail And Consumer, Financial Services And Insurance, and Energy, Public And Health Services. Automotive, Travel And Transportation generated $179.27M in revenue, accounting 15.91% of the company's total revenue, up 11.23% year-over-year. Technology And Business Services generated $279.26M in revenue, accounting 24.78% of the company's total revenue Retail And Consumer generated $176.85M in revenue, accounting 15.69% of the company's total revenue, down -25.30% year-over-year. Financial Services And Insurance generated $197.41M in revenue, accounting 17.52% of the company's total revenue, down -10.98% year-over-year. Energy, Public And Health Services generated $294.03M in revenue, accounting 26.09% of the company's total revenue, down -7.09% year-over-year.

For the fiscal year ending Dec 23, the largest source of revenue of Thoughtworks was Energy, Public And Health Services. This segment made a revenue of $294.03M, representing 26.09% of the company's total revenue.