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Rocket Companies Gross Profit 2018-2024 | RKT

Annual FY2018–FY2024 · quarterly through Q4 FY2024

Latest annual · FY2024

$2.31B

+77.0%YoY vs FY2023Source: 10-KFY2024

From $1.67B in FY2018 to $2.31B in FY2024: 1.4× in 6 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY24$709M+3777.2%$617M+8.0%−$54M−109.6%$1.0B+596.5%
FY23$18M−98.8%$571M−2.0%$568M+0.2%$150M+232.3%
FY22$1.6B−53.0%$583M−61.8%$567M−70.8%−$113M−107.7%
FY21$3.3B+640.9%$1.5B−60.1%$1.9B−43.4%$1.5B−56.4%
FY20$448M$3.8B+1619.4%$3.4B+348.1%$3.4B
Share15%32%33%20%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date. Share: its typical part of the fiscal year.

Key Statistics

Trend DirectionStable
CAGR

+2.0%

FY2019
$2.10B
FY2024
$2.31B

5 years selected · on the chart

Gross Profit History

Year-over-year comparison from 10-K annual reports

  1. $2.31B
YoY changeLargest recent move+427.5%in FY20Latest +77.0%

1 older move runs past ±150% (largest +427.5%); point at, tap or drag across the bars to read one.

Gross Profit, period by period

PeriodValueChangeSource
FY2024$2.31B+77.0%10-K
FY2023$1.31B−49.7%10-K
FY2022$2.60B−68.5%10-K
FY2021$8.26B−25.4%10-K
FY2020$11.06B+427.5%10-K
FY2019$2.10B+25.4%10-K
FY2018$1.67B—10-K

What is gross profit?

Gross profit can be defined as revenue minus the cost of goods sold, representing the profit a company makes before deducting operating expenses.

What is Rocket Companies's current gross profit?

Rocket Companies (RKT) annual gross profit for 2024 was $2.31B, a 76.96% increase from 2023. Rocket Companies gross profit for the quarter ending December 31, 2024 was $1.04B.

What was Rocket Companies's gross profit in 2023?

Rocket Companies annual gross profit for 2023 was $1.31B, a 49.71% decline from 2022.

What was Rocket Companies's gross profit in 2022?

Rocket Companies annual gross profit for 2022 was $2.60B, a 68.52% decline from 2021.

What is Rocket Companies's 5-year gross profit CAGR?

Rocket Companies gross profit grew at a compound annual growth rate (CAGR) of 1.98% from FY2019 to FY2024, going from $2.10B to $2.31B over 5 years.

Company
Rocket Companies
Ticker
RKT
Sector
Financial Services
Industry
Mortgage Bankers & Loan Correspondents