Services — Sales
General Electric Services — Sales increased by 10.5% to $9.88B in Q4 2024 compared to the prior quarter. Year-over-year, this metric grew by 15.6%, from $8.55B to $9.88B. Over 3 years (FY 2021 to FY 2024), Services — Sales shows a downward trend with a -20.9% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates higher demand for aftermarket support and service contract utilization, while a decrease may signal reduced fleet activity or competitive pressure.
Detailed definition
Represents the total gross revenue generated from service-related activities within the specific business segment. This...
Peer comparison
Commonly reported as 'Service Revenue' or 'Aftermarket Sales' in aerospace and industrial manufacturing sectors.
ge_segment_services_salesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $17.47B | $17.81B | $19.49B | $11.91B | $13.36B | $13.83B | $16.05B | $7.04B | $7.91B | $8.46B | $8.55B | $8.08B | $8.22B | $8.94B | $9.88B |
| QoQ Change | — | +2.0% | +9.4% | -38.9% | +12.2% | +3.5% | +16.0% | -56.1% | +12.3% | +7.0% | +1.0% | -5.5% | +1.8% | +8.8% | +10.5% |
| YoY Change | — | — | — | — | -23.5% | -22.4% | -17.7% | -40.9% | -40.8% | -38.8% | -46.7% | +14.7% | +4.0% | +5.7% | +15.6% |
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Frequently Asked Questions
- What is General Electric's services — sales?
- General Electric (GE) reported services — sales of $9.88B in Q4 2024.
- How has General Electric's services — sales changed year-over-year?
- General Electric's services — sales increased by 15.6% year-over-year, from $8.55B to $9.88B.
- What is the long-term trend for General Electric's services — sales?
- Over 3 years (2021 to 2024), General Electric's services — sales has grown at a -20.9% compound annual growth rate (CAGR), from $71.09B to $35.12B.
- What does services — sales mean?
- Total revenue earned from providing services to customers.