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In 2023, Philips generated around 18.2 billion euros in revenue, the highest annual revenue for the company since 2014. In 2012, revenue amounted to 23.46 billion euros, the highest figure in the provided time interval.

History of Philips

While Philips, officially listed as Koninklijke Philips N.V, started out as a lighting company and then concentrated on electronics, today it is a company focused on healthcare and medical technology. It is now is ranked among the leading medical technology companies in the world. The largest segment within Philips is the diagnosis and treatment segment which generated approximately 9.2 billion euros in sales in 2022.

Philips in numbers

In 2022, Philips spent over 2.1 billion euros on research and development. Around 77 thousand employees worked for Philips, with over 20.6 thousand employees working in North America. The diagnostics and treatment segment was forecast to continue to grow and remain the largest segment within the company, reaching an annual sales value of 12.2 billion euros by 2024.

Philips' revenue worldwide from 2009 to 2023 (in billion euros)

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Release date

February 2024

More information

Region

Worldwide

Survey time period

2009 to 2023

Supplementary notes

In April 2011, Philips announced that they would transfer their Television business into a joint venture with TPV Technology. Television sales are no longer reported in the operational financials. The figure for 2010 has been restated accordingly.
In April 2017, Philips Lighting became a discontinued operation due to sell-downs by Philips, and would become a stand-alone company. The figures since 2015 have been restated accordingly.

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