Best Buy Co. Inc. (NYSE: BBY)

Q: What is Best Buy Co. Inc.'s revenue?

Best Buy Co. Inc. has annual revenue of approximately $41.69 billion.

Q: How many employees does Best Buy Co. Inc. have?

Best Buy Co. Inc. employs approximately 90,000 people.

Specialty Retail · Richfield, MN, United States · Founded 1966

$16.0B

Market Cap

$41.69B

Revenue

90,000

Employees

$1.07B

Net Income

📊 Key Statistics for Best Buy Co. Inc. (BBY)

Market capitalization: $16.0 billion
Annual revenue: $41.69 billion
Net income: $1.07 billion
Employees: 90,000
Sector: Consumer Cyclical
Headquarters: Richfield, United States
Founded: 1966

Source: Statvoo company profile for Best Buy Co. Inc.. Browse all 500+ companies

📋 About Best Buy Co. Inc.

Best Buy is the largest consumer electronics retailer in the United States, operating over 1,000 stores selling computers, appliances, TVs, mobile phones, and smart home devices. The company has successfully navigated the "retail apocalypse" by transforming stores into experience centers and fulfillment hubs. Best Buy's Geek Squad service and Total Tech membership program provide recurring revenue and customer stickiness.

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💰 How Best Buy Co. Inc. Makes Money

Best Buy earns revenue from the sale of consumer electronics and appliances, services (Geek Squad installation and repair), and membership fees (Best Buy Totaltech). The company also generates significant revenue from vendor-funded advertising and product placement within stores.

📜 Key Milestones

Richard Schulze founded Best Buy in 1966 as Sound of Music, a home audio store in St. Paul, Minnesota. The company rebranded as Best Buy in 1983. CEO Hubert Joly's "Renew Blue" turnaround starting in 2012 saved the company from what many predicted would be a Circuit City-style collapse, transforming Best Buy into an omnichannel retailer.

📊 Financial Overview

Market Capitalization	$16.0B
Annual Revenue	$41.69B
Net Income	$1.07B
Profit Margin	3%
Revenue per Employee	$463222K
Stock Exchange	NYSE
Ticker Symbol	BBY

Financial data is approximate and based on most recent annual filings.

💡 Did You Know?

Best Buy survived the Amazon threat that killed Circuit City, CompUSA, and RadioShack—one of the most impressive retail turnarounds of the past decade. The company's stores serve as de facto showrooms for Apple, Samsung, Microsoft, and other tech brands.

📝 Analyst Take

Best Buy has defied the skeptics, but the consumer electronics replacement cycle is lengthening and the company is dependent on product innovation cycles it doesn't control. The AI PC and smart home upgrade cycles could provide the next catalyst.

❓ Frequently Asked Questions