Income Statement Snapshot

ABB Ltd’s top-line, gross profit, operating income, and bottom-line conversion. Values are shown in USD millions.

Revenue

FY2023

3.6% CAGR

$32.2B

CAGR 3.6% (FY2019 to FY2023)

Gross Profit

FY2023

5.9% CAGR

$11.2B

CAGR 5.9% (FY2019 to FY2023)

Operating Income

FY2023

25.9% CAGR

$4.9B

CAGR 25.9% (FY2019 to FY2023)

Net Income

FY2023

25.8% CAGR

$3.8B

CAGR 25.8% (FY2019 to FY2023)

Metric	2023	2022	2021	2020	2019
Revenue	$32,235	$29,446	$28,945	$26,134	$27,978
Gross Profit	$11,214	$9,710	$9,467	$7,878	$8,906
Operating Income	$4,871	$3,337	$5,718	$1,593	$1,938
Net Income	$3,824	$2,594	$4,650	$5,205	$1,528
Filing	10-K	10-K	10-K	10-K	10-K

All values shown in USD millions unless noted otherwise.

Expanded Line Items

The full annual income statement layer for ABB Ltd.
Values are displayed in USD millions, except per-share and share-count rows.

Line Item	2023	2022	2021	2020	2019
Total Revenue	$32,235	$29,446	$28,945	$26,134	$27,978
Cost of Revenue	$21,021	$19,736	$19,478	$18,256	$19,072
Gross Profit	$11,214	$9,710	$9,467	$7,878	$8,906
Research & Development	$1,317	$1,166	$1,219	$1,127	$1,198
Selling, General & Administrative	$5,543	$5,132	$5,162	$4,895	$5,447
Operating Income	$4,871	$3,337	$5,718	$1,593	$1,938
Other Non-Operating Income (Expense)	$36	-$57	-$34	-$20	N/A
Income Tax Expense (Benefit)	$930	$757	$1,057	$496	$772
Net Income	$3,824	$2,594	$4,650	$5,205	$1,528
Basic EPS	$2.02	$1.30	$2.27	$2.44	$0.67
Diluted EPS	$2.01	$1.30	$2.25	$2.43	$0.67
Basic Average Shares	1,855.0M	1,899.0M	2,001.0M	2,111.0M	2,133.0M
Diluted Average Shares	1,867.0M	1,910.0M	2,019.0M	2,119.0M	2,135.0M
Filing	10-K	10-K	10-K	10-K	10-K

Expanded annual statement lines sourced from SEC Edgar Database for ABB Ltd

Margins

Profitability Conversion

Track how much of revenue survives through gross profit,operating income, and net income across the annual reporting window.

Gross Margin

FY2023

vs FY2019

34.8%

Change vs FY2019: +296 bps

Operating Margin

FY2023

vs FY2019

15.1%

Change vs FY2019: +818 bps

Net Margin

FY2023

vs FY2019

11.9%

Change vs FY2019: +640 bps

Observation Window

FY2019 to FY2023

5 years

5 Years

Profitability profile tracked across FY2019 through FY2023.

Margin Table

Side-by-side read of gross, operating, and net margin.

Margin Trends

Read the shape of profitability with either a discrete bar view or a cleaner line trajectory.

Margins are calculated from annual SEC facts using reported revenue as the denominator.

YoY Change

Annual Momentum

Compare the latest fiscal year against the immediately prior period across every headline income statement line.

Revenue YoY

FY2023 vs FY2022

YoY change

+9.5%

FY2023 versus FY2022

Gross Profit YoY

FY2023 vs FY2022

YoY change

+15.5%

FY2023 versus FY2022

Op. Income YoY

FY2023 vs FY2022

YoY change

+46.0%

FY2023 versus FY2022

Net Income YoY

FY2023 vs FY2022

YoY change

+47.4%

FY2023 versus FY2022

YoY Table

Negative values are highlighted to make slowdowns obvious.

Metric	2023	2022	2021	2020	2019
Revenue Growth %	+9.5%	+1.7%	+10.8%	-6.6%	N/A
Gross Profit Growth %	+15.5%	+2.6%	+20.2%	-11.5%	N/A
Operating Income Growth %	+46.0%	-41.6%	+258.9%	-17.8%	N/A
Net Income Growth %	+47.4%	-44.2%	-10.7%	+240.6%	N/A
Filing	10-K	10-K	10-K	10-K	10-K

Momentum Chart

The most direct way to see whether the business is accelerating or rolling over.

YoY change compares each annual period against the immediately prior year inside the selected window.

CAGR

Through-Cycle Growth

Compounded annual growth rate from FY2019 to FY2023, useful for filtering out one-year noise.

Revenue CAGR

FY2019 to FY2023

4-yr CAGR

3.6%

Compounded annual growth across FY2019 to FY2023.

Gross Profit CAGR

FY2019 to FY2023

4-yr CAGR

5.9%

Compounded annual growth across FY2019 to FY2023.

Op. Income CAGR

FY2019 to FY2023

4-yr CAGR

25.9%

Compounded annual growth across FY2019 to FY2023.

Net Income CAGR

FY2019 to FY2023

4-yr CAGR

25.8%

Compounded annual growth across FY2019 to FY2023.

Doing some research...

Income Statement Snapshot

ABB Ltd’s top-line, gross profit, operating income, and bottom-line conversion. Values are shown in USD millions.

Revenue

FY2023

3.6% CAGR

$32.2B

CAGR 3.6% (FY2019 to FY2023)

Gross Profit

FY2023

5.9% CAGR

$11.2B

CAGR 5.9% (FY2019 to FY2023)

Operating Income

FY2023

25.9% CAGR

$4.9B

CAGR 25.9% (FY2019 to FY2023)

Net Income

FY2023

25.8% CAGR

$3.8B

CAGR 25.8% (FY2019 to FY2023)

Metric	2023	2022	2021	2020	2019
Revenue	$32,235	$29,446	$28,945	$26,134	$27,978
Gross Profit	$11,214	$9,710	$9,467	$7,878	$8,906
Operating Income	$4,871	$3,337	$5,718	$1,593	$1,938
Net Income	$3,824	$2,594	$4,650	$5,205	$1,528
Filing	10-K	10-K	10-K	10-K	10-K

All values shown in USD millions unless noted otherwise.

Expanded Line Items

The full annual income statement layer for ABB Ltd.
Values are displayed in USD millions, except per-share and share-count rows.

Line Item	2023	2022	2021	2020	2019
Total Revenue	$32,235	$29,446	$28,945	$26,134	$27,978
Cost of Revenue	$21,021	$19,736	$19,478	$18,256	$19,072
Gross Profit	$11,214	$9,710	$9,467	$7,878	$8,906
Research & Development	$1,317	$1,166	$1,219	$1,127	$1,198
Selling, General & Administrative	$5,543	$5,132	$5,162	$4,895	$5,447
Operating Income	$4,871	$3,337	$5,718	$1,593	$1,938
Other Non-Operating Income (Expense)	$36	-$57	-$34	-$20	N/A
Income Tax Expense (Benefit)	$930	$757	$1,057	$496	$772
Net Income	$3,824	$2,594	$4,650	$5,205	$1,528
Basic EPS	$2.02	$1.30	$2.27	$2.44	$0.67
Diluted EPS	$2.01	$1.30	$2.25	$2.43	$0.67
Basic Average Shares	1,855.0M	1,899.0M	2,001.0M	2,111.0M	2,133.0M
Diluted Average Shares	1,867.0M	1,910.0M	2,019.0M	2,119.0M	2,135.0M
Filing	10-K	10-K	10-K	10-K	10-K

Expanded annual statement lines sourced from SEC Edgar Database for ABB Ltd

Margins

Profitability Conversion

Track how much of revenue survives through gross profit,operating income, and net income across the annual reporting window.

Gross Margin

FY2023

vs FY2019

34.8%

Change vs FY2019: +296 bps

Operating Margin

FY2023

vs FY2019

15.1%

Change vs FY2019: +818 bps

Net Margin

FY2023

vs FY2019

11.9%

Change vs FY2019: +640 bps

Observation Window

FY2019 to FY2023

5 years

5 Years

Profitability profile tracked across FY2019 through FY2023.

Margin Table

Side-by-side read of gross, operating, and net margin.

Margin Trends

Read the shape of profitability with either a discrete bar view or a cleaner line trajectory.

Margins are calculated from annual SEC facts using reported revenue as the denominator.

YoY Change

Annual Momentum

Compare the latest fiscal year against the immediately prior period across every headline income statement line.

Revenue YoY

FY2023 vs FY2022

YoY change

+9.5%

FY2023 versus FY2022

Gross Profit YoY

FY2023 vs FY2022

YoY change

+15.5%

FY2023 versus FY2022

Op. Income YoY

FY2023 vs FY2022

YoY change

+46.0%

FY2023 versus FY2022

Net Income YoY

FY2023 vs FY2022

YoY change

+47.4%

FY2023 versus FY2022

YoY Table

Negative values are highlighted to make slowdowns obvious.

Metric	2023	2022	2021	2020	2019
Revenue Growth %	+9.5%	+1.7%	+10.8%	-6.6%	N/A
Gross Profit Growth %	+15.5%	+2.6%	+20.2%	-11.5%	N/A
Operating Income Growth %	+46.0%	-41.6%	+258.9%	-17.8%	N/A
Net Income Growth %	+47.4%	-44.2%	-10.7%	+240.6%	N/A
Filing	10-K	10-K	10-K	10-K	10-K

Momentum Chart

The most direct way to see whether the business is accelerating or rolling over.

YoY change compares each annual period against the immediately prior year inside the selected window.

CAGR

Through-Cycle Growth

Compounded annual growth rate from FY2019 to FY2023, useful for filtering out one-year noise.

Revenue CAGR

FY2019 to FY2023

4-yr CAGR

3.6%

Compounded annual growth across FY2019 to FY2023.

Gross Profit CAGR

FY2019 to FY2023

4-yr CAGR

5.9%

Compounded annual growth across FY2019 to FY2023.

Op. Income CAGR

FY2019 to FY2023

4-yr CAGR

25.9%

Compounded annual growth across FY2019 to FY2023.

Net Income CAGR

FY2019 to FY2023

4-yr CAGR

25.8%

Compounded annual growth across FY2019 to FY2023.

Doing some research...

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Income Statement Snapshot