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GE Aerospace
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Revenue breakdown by Products & Services
Revenue breakdown by Geography

GE Aerospace's Revenue by Segment

In fiscal year 2024, GE Aerospace's revenue by segment (products & services) are as follows:

  • Insurance Revenue: $3.58 B
  • Product: $10.27 B
  • Service: $24.85 B

Learn more about GE Aerospace’s Revenue by Geography

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The above chart shows GE Aerospace's revenue percentage share by segment (products and services).

In fiscal year 2022, GE Aerospace's revenue by segment is as follows:

  • Aerospace Segment generated $26.05 B in revenue, representing 44.35% of its total revenue.
  • Corporate Items And Eliminations generated $2.81 B in revenue, representing 4.79% of its total revenue.
  • Power Segment generated $16.90 B in revenue, representing 28.77% of its total revenue.
  • Renewable Energy Segment generated $12.98 B in revenue, representing 22.09% of its total revenue.

The biggest segment for GE Aerospace is the Aerospace Segment, which represents 44.35% of its total revenue.
The smallest segment for GE Aerospace is the Corporate Items And Eliminations, which represents 4.79% of its total revenue.

The above chart shows GE Aerospace's revenue percentage share by segment (products and services).

In fiscal year 2023, GE Aerospace's revenue by segment is as follows:

  • Aerospace Segment generated $31.77 B in revenue, representing 46.75% of its total revenue.
  • Corporate Items And Eliminations generated $3.40 B in revenue, representing 5.01% of its total revenue.
  • Power Segment generated $17.73 B in revenue, representing 26.09% of its total revenue.
  • Renewable Energy Segment generated $15.05 B in revenue, representing 22.15% of its total revenue.

The biggest segment for GE Aerospace is the Aerospace Segment, which represents 46.75% of its total revenue.
The smallest segment for GE Aerospace is the Corporate Items And Eliminations, which represents 5.01% of its total revenue.

The above chart shows GE Aerospace's revenue percentage share by segment (products and services).

In fiscal year 2024, GE Aerospace's revenue by segment is as follows:

  • Insurance Revenue generated $3.58 B in revenue, representing 9.25% of its total revenue.
  • Product generated $10.27 B in revenue, representing 26.55% of its total revenue.
  • Service generated $24.85 B in revenue, representing 64.2% of its total revenue.

The biggest segment for GE Aerospace is the Service, which represents 64.2% of its total revenue.
The smallest segment for GE Aerospace is the Insurance Revenue, which represents 9.25% of its total revenue.
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Summary Table

Products & Services (Percent Share) 2022 2023 2024
Aerospace Segment 44.35% 46.75% -
Power Segment 28.77% 26.09% -
Renewable Energy Segment 22.09% 22.15% -
Corporate Items And Eliminations 4.79% 5.01% -
Insurance Revenue - - 9.25%
Service - - 64.2%
Product - - 26.55%
Total Revenue 100% 100% 100%

The above chart shows the revenue trend of different segments of GE Aerospace.

In fiscal year 2024, the Service generated the most revenue ($24.85 B), and the Insurance Revenue generated the least revenue ($3.58 B).

The above chart shows growth drivers and a year-over-year comparison of different segments' revenue.

  • Aerospace Segment revenue decreased -100% ($31.77 B) from $31.77 B (in 2023) to $0.00 (in 2024).
  • Corporate Items And Eliminations revenue decreased -100% ($3.40 B) from $3.40 B (in 2023) to $0.00 (in 2024).
  • Insurance Revenue revenue increased 100% ($3.58 B) from $0.00 (in 2023) to $3.58 B (in 2024).
  • Power Segment revenue decreased -100% ($17.73 B) from $17.73 B (in 2023) to $0.00 (in 2024).
  • Product revenue increased 100% ($10.27 B) from $0.00 (in 2023) to $10.27 B (in 2024).
  • Renewable Energy Segment revenue decreased -100% ($15.05 B) from $15.05 B (in 2023) to $0.00 (in 2024).
  • Service revenue increased 100% ($24.85 B) from $0.00 (in 2023) to $24.85 B (in 2024).
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    Summary Table

    Products & Services 2022
    Value Change
    		2023
    Value Change
    		2024
    Value Change
    Aerospace Segment $26.05 B - $31.77 B
    21.96%
    		- -
    Corporate Items And Eliminations $2.81 B - $3.40 B
    21.02%
    		- -
    Insurance Revenue - - - - $3.58 B -
    Power Segment $16.90 B - $17.73 B
    4.90%
    		- -
    Product - - - - $10.27 B -
    Renewable Energy Segment $12.98 B - $15.05 B
    15.97%
    		- -
    Service - - - - $24.85 B -
    Total Revenue $58.74 B - $67.95 B
    15.68%
    		$38.70 B
    43.05%

    Frequently Asked Questions

    What was GE Aerospace's largest product segment last year?

    In fiscal year 2024, Service revenue reached $24.85 Billion, representing 64.2% of GE Aerospace's total revenue and making it the largest segment for the company.

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