
Vanguard Group revenue has grown significantly over the years, with total revenue reaching $7.6 billion in 2020. This growth can be attributed to the company's expansion into new markets and its ability to adapt to changing investor needs.
Vanguard's assets under management (AUM) have also seen substantial growth, reaching $7.1 trillion in 2020. This is a testament to the company's ability to provide low-cost investment products that appeal to a wide range of investors.
The company's focus on index funds has been a key driver of its success, with over 70% of its assets under management coming from index funds. This approach has allowed Vanguard to offer investors a low-cost alternative to actively managed funds.
Vanguard's revenue is also influenced by its growing presence in international markets, with the company reporting significant revenue increases in regions such as Europe and Asia.
Annual Revenue 2017-2021 (in Billion USD)
Vanguard's annual revenue has been steadily increasing over the years, with a slight dip in 2018.
The company's revenue in 2017 was $8.9 billion.
In 2018, Vanguard's revenue dropped to $7.9 billion, a significant decrease from the previous year.
Here's a breakdown of Vanguard's annual revenue from 2017 to 2021:
Note that the revenue for 2025 is not included in this table, as it is not relevant to the 2017-2021 period.
Company Statistics
The Vanguard Group is a financial giant, and understanding its revenue is crucial for investors and analysts alike. The company's annual revenue has been steadily increasing over the years, with a total of $29.3 billion in 2021.
Here are some key statistics on the Vanguard Group's revenue:
- Annual revenue of the Vanguard Group: $29.3 billion (2021)
- Year over year revenue growth of the Vanguard Group: 10.3% (2021)
- Annual revenue per employee of the Vanguard Group: $134,111 (2021)
- Annual number of employees of the Vanguard Group: 44,300 (2023)
The Vanguard Group's revenue growth is a testament to its success in the investment and wealth management industries. With a strong track record of innovation and customer satisfaction, it's no wonder the company continues to thrive.
Company Information
The Vanguard Group is a financial powerhouse with a rich history. It was founded in May 1975 by John C Bogle.
The company has come a long way since its inception, with a current CEO in Salim Ramji. He's been at the helm, guiding the company's growth and expansion.
The Vanguard Group is primarily involved in two main areas: investment and wealth management.
About The Company

The Vanguard Group is a financial giant with a rich history. It was founded in May 1975 by John C Bogle.
The company has a long history of leadership, with current CEO Salim Ramji at the helm.
Vanguard Group is primarily involved in investment and wealth management.
It has managed to accumulate an impressive $9.3 trillion in assets under management (AUM).
NAICS Code
Vanguard has multiple NAICS codes: 523, 52311, 5231, 52, and 523110.
The NAICS code for Vanguard's specific industry is 523110.
Vanguard's NAICS codes are used for classification and data collection purposes.
Investments and Growth
Vanguard's investments and growth have been nothing short of remarkable. The company began to expand internationally in 1996, opening Vanguard Investments Australia and later setting up operations across Canada, China, Europe, and Mexico.
This expansion was accompanied by a significant increase in assets under management, which exceeded $1 trillion for the first time in 2006. Vanguard's highly affordable fee structures, launched in 1996, were seen as pioneering in the industry and helped attract more investors.
In 2000, Vanguard recognized the growing demand for socially responsible investing and launched the Vanguard Calvert Social Index Fund, which tracks the performance of US-based stocks that meet certain environmental, social, and corporate governance (ESG) criteria.
Expands Product Offer and International Footprint

Vanguard's expansion into international markets began in 1995, with the opening of Vanguard Investments Australia.
This marked the first step in the company's global growth, which would eventually take it to Canada, China, Europe, and Mexico.
In 1996, Vanguard started offering investment advice and financial planning services, making it more accessible to a wider range of investors.
Its affordable fee structures were seen as pioneering in the industry, setting a new standard for investment costs.
The Vanguard Calvert Social Index Fund was launched in 2000, allowing investors to align their portfolios with their personal values and ESG criteria.
Vanguard reached a significant milestone in 2006, with assets under management exceeding $1 trillion for the first time.
This growth was a testament to the company's commitment to innovation and customer needs.
Investments and Acquisitions
Strategic investments can provide a significant boost to a company's growth, as seen in the case of Google's acquisition of YouTube, which cost $1.65 billion and resulted in a massive increase in revenue.
Investing in emerging technologies can also be a game-changer, as witnessed by Amazon's investment in artificial intelligence, which has enabled the company to improve its customer service and stay ahead of the competition.
A well-planned acquisition can also be a smart move, as demonstrated by Facebook's purchase of Instagram, which has helped the company expand its user base and increase its advertising revenue.
However, it's essential to carefully evaluate the risks and potential returns on investment before making any major decisions, as seen in the case of Twitter's failed acquisition of TikTok.
A successful investment or acquisition requires a deep understanding of the market and the target company, as well as a clear vision for how the investment will drive growth and increase value.
Financial Metrics
Vanguard Group revenue is a significant indicator of the company's financial health.
The Vanguard Group reported net investment income of $6.2 billion in 2020, a 10% increase from the previous year.
This growth in net investment income is largely due to the company's massive asset base, which exceeded $7.5 trillion in 2020.
Vanguard's revenue from management fees was $4.2 billion in 2020, accounting for 68% of the company's total revenue.
The company's operating expenses were $2.5 billion in 2020, a 5% increase from the previous year.
Vanguard's operating margin was 83% in 2020, indicating a high level of profitability.
Founding and Vision
The Vanguard Group was founded in 1975 by John C. Bogle, who had a clear vision for a low-cost investment management company.
Bogle's vision was to provide investors with low-cost index funds that would allow them to participate in the stock market without the need for active management.
The first Vanguard fund, the Vanguard 500 Index Fund, was launched in 1976 and was designed to track the performance of the S&P 500 index.
This fund was a game-changer for investors, offering a low-cost alternative to actively managed funds that often came with high fees and mediocre returns.
Vanguard's focus on low costs and index funds has remained a core part of its business model to this day, with the company now managing over $7 trillion in assets.
Frequently Asked Questions
Who is the Vanguard Group owned by?
Vanguard Group is owned by its shareholders, who collectively own the company's various funds. This unique structure sets Vanguard apart from most other publicly traded investment firms.
How does the Vanguard Group make money?
Vanguard generates revenue from expense ratios, which are low fees paid by investors for investing in its mutual funds and ETFs. These fees may seem small, but they add up significantly due to the massive amount of funds under management.
Sources
- https://www.statista.com/statistics/1378829/annual-revenue-of-the-vanguard-group/
- https://rocketreach.co/vanguard-profile_b5c615a2f42e0c4d
- https://www.business2community.com/statistics-pages/vanguard-group-net-worth
- https://www.morningstar.com/asset-management-companies/vanguard-BN00000AAL
- https://tracxn.com/d/companies/vanguard-group/__FRaWO8GUKPmpwDXQW8S2dvcotAW-Gql9Uz0KQCdxyHU
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