​

OneConnect Financial (OCFT) Revenue & Revenue Breakdown

OverviewForecastFinancialsChartTranscripts

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 24Dec 23Dec 22Dec 21Dec 20
Other Revenue$69.64M$75.38M---
Risk Management Services$247.83M$320.46M---
Others--$189.54M$182.38M-
Revenue from guarantee model---$191.00K-
Revenue From Guarantee Model----$6.71M

OneConnect Financial's latest annual revenue breakdown by segment (product or service), as of Dec 24: Risk Management Services (78.06%), and Other Revenue (21.94%).

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
GBTGGlobal Business Travel Group$2.42B$597.00M
ALITAlight$2.33B$538.00M
PRGSProgress Software$753.41M$238.01M
SPNSSapiens$514.58M$134.25M
PROPROS$330.37M$82.70M
DOMODomo$317.04M$79.76M
PDFSPDF Solutions$179.47M$46.41M
LAWCS Disco$144.84M$36.27M
MYSZMy Size$8.26M$1.84M
DUOTDuos Technologies Group$7.28M$3.24M
IDAIT Stamp$3.08M$511.08K
AMSTAmesite$166.88K$12.76K

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 24 are Other Revenue, and Risk Management Services. Other Revenue generated $69.64M in revenue, accounting 21.94% of the company's total revenue, down -7.60% year-over-year. Risk Management Services generated $247.83M in revenue, accounting 78.06% of the company's total revenue, down -22.67% year-over-year.

What is OneConnect Financial’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of OneConnect Financial was Risk Management Services. This segment made a revenue of $247.83M, representing 78.06% of the company's total revenue.