A collection of annual income disclosure statements published by multi-level marketing companies, continuously updated. Last updates done 02/10/24 to add 2022 and 2023 statements for some of the pyramid schemes listed below. I have also added Beautycounter, Farmasi, and Colorstreet to the list.

Some MLMs release income disclosures or earnings disclosures. These numbers are not required to be disclosed in the United States, but some of the companies do it anyway to appear transparent. The disclosures theoretically provide insight into how much distributors earn in commissions or overrides, but they are generally worthless. They are worthless because of what they do not disclose.

Multilevel marketing companies purposely omit important information that would allow potential distributors or investors to have real insight into these plans. In general, earnings disclosure statements often fail to provide the following information that is critical to understanding the plans and the results:

  • Total distributors throughout the year
  • How the total distributor count is calculated (as of a certain date, using averages, or other methodology)
  • Number of new distributors during the year
  • Number of distributors who quit during the year (so you can calculate the churn rate)
  • Turnover rate
  • Number of distributors earning $0
  • Definition of “active” distributor
  • Total number of distributors at a supervisor or leader level (i.e. have recruited other distributors)
  • Total number of  “active” distributors at a supervisor or leader level
  • Amount of product purchased by each level of distributor for the year

Below are links to the earnings disclosures found for various multi-level marketing companies:

If you have any income disclosure statements for the above MLMs (or other major multilevel marketing companies), please send them to the email address on my Contact page.


  1. […] Source ↩ […]

  2. […] Tip always look at the Income Disclosure Statement it will give you a glimpse into your future monetary place in the company.  http://www.sequenceinc.com/fraudfiles/2017/04/mlm-income-disclosure-statements […]

  3. M.E. 03/26/2018 at 6:05 am - Reply

    Thanks, i found half of them on internet. but your site is a gift for italian debunkers working on false claims.
    MLM is expanding agressively in italy…so few of us worked hard to present what is the real earning opportunity and debunk false claims on products

  4. M.E. 05/27/2018 at 8:59 am - Reply
  5. […] you want even more information, check out this list of MLM Income Disclosures. It’s only for certain companies, but what you’ll quickly see is how little money is […]

  6. Darlene 02/08/2019 at 4:15 pm - Reply

    Thank you for these, I just discovered your website and will be looking through the whole thing. MLMs are JUST starting to take hold in some of the small Caribbean islands and my first question was: THIS is a pyramid scheme… if not, HOW is it not? I’ve gotten a lot of details since then and am also trying to get the message out. In case the person who commented above reads this… would I be able to find your research about the spread of MLMs in Italy online?? Would really appreciate it.

  7. Bob 05/27/2019 at 1:49 pm - Reply

    What about Transamerica or World Financial?

  8. Tracy Coenen 05/29/2019 at 10:07 am - Reply

    Bob – I’ve never seen an income disclosure for either of those.

  9. […] majority of people who sign up with this type of business model will barely break even. (Check out these Income Disclosures Statements for more detailed information). Most us even will go into debt or spend hard-earned savings in an […]

  10. […] business model never make a substantial income; most of them get into tremendous debt. (Check out these Income Disclosures Statements for more detailed […]

  11. […] Some MLMs do release information about distributor earnings, and those figures were the basis for a study done by Robert. He studied figures for Amway (Quixtar), Nuskin, Nikken, Melaleuca, Reliv, Arbonne, Free Life International and Cyberwize.com. The study was done more than ten years ago, but you should know that nothing has changed. You can see financial disclosure statements for a bunch of companies here. […]

  12. […] several hundred thousand dollars annually. For more income disclosure statements, have  look at this blog where they list them alphabetically or Bot Watch Blog’s Directory lists a […]

  13. Matt 11/21/2019 at 5:15 pm - Reply

    Any chance you can find one for Uforia?

  14. Uriah Heep 01/05/2020 at 3:57 pm - Reply

    Can you find annual income disclosure statements for Valentus?

  15. […] see many people argue that this isn’t true for the company they work for. It might not. But the data shows that for nearly all of these companies if you want to earn any kind of income, you have to recruit. […]

  16. […] a well-known statistic that 99% of all MLM distributors lose money. Some MLM’s present income disclosure statements, which do plainly show you an accurate example of what commissions a consultant could potentially […]

  17. Dr M Andi 08/23/2020 at 6:52 am - Reply

    Many thanks for putting this together. Would you mind if I use some of your findings and arguments to contradict your view? I think your view on MLM may be based on the more traditional models from 20 years or so ago. I am a successful dentist and own my own thriving practice in London UK. I affiliate with two MLM companies that are extremely forward thinking and have life changing products. I have affiliated my practice with them as my patients can get great discounts and the practice gets paid 40% return on each order. We have apps and I build my business through online contacts only in terms of bringing in partners so I certainly don’t badger my friends and family. I have asked my parents and siblings, husbands and kids to take the product as it truly is doing miraculous things for all of us. My parents are both Professors, one in internal medicine so they have done their research. I admire what you are doing as it is certainly important to raise concerns about the practices of some MLMs but legitimate ones like the ones I represent have paid me weekly and I earned residual income even whilst the practice was closed for 4 months due to Covid-19 lockdown. I would say consider MLM but look at the company, research your Upline and check that there are good ethical systems in place. Dentists are not allowed to affiliate with pyramid schemes as it will affect our professional registration. Feel free to email me on xxxxxxxxxxxx if you require further guidance on this. Having had two bad MLM experiences with companies that are in the top 10 of MLM worldwide, I am well placed to see both sides of the coin. Stay blessed.

    • Tracy Coenen 08/23/2020 at 7:45 pm - Reply

      Shame on you for pushing MLM snake oil on your patients. They trust you, and you are abusing that trust by promoting these products to them. Your MLM is doing the same old thing many of them do: promoting a silly product as a cure-all for any ailment someone may have. Stop it.

  18. Victoria West 08/31/2020 at 4:33 pm - Reply

    Thank you so much for putting this all together. It has significantly helped in my research into MLMs and the problems with them.

  19. Jody 10/09/2020 at 11:21 pm - Reply

    That dentist should be reported. Imagine going to get your teeth cleaned and having your dentist try to shill their crappy MLM garbage on you. Truly disgusting.
    What is the name of your practice? I would love to leave a review.

  20. Hannah Johnson 05/26/2021 at 5:31 pm - Reply

    Thank you for putting this together! Am hoping to make some visualizations of the data here to tell the story as many ways as possible for folks.

  21. Catherine 11/30/2021 at 6:06 pm - Reply

    How about vyvo? I found an article where the CEO had been scamming in the past. https://www.change.org/p/todos-los-afiliados-a-nivel-mundial-de-world-globa-network-divulgar-la-gran-estafa-de-fabio-galdi-y-su- empresa-world-global-network

  22. […] FTC allowed David Vladeck, the chief of the Consumer Protection Bureau, to make all MLM companies exempt from requirements to release an income disclosure. Yet some MLMs do release disclosures which, set a standard for all […]

  23. […] allowed David Vladeck, the chief of the Consumer Protection Bureau, to make all MLM companies exempt from requirements to release an income disclosure. In other words, some MLMs do release disclosures, and in this […]

  24. […] allowed David Vladeck, the chief of the Consumer Protection Bureau, to make all MLM companies exempt from requirements to release an income disclosure. Yet some MLMs release disclosures that set a standard for all […]

  25. […] [For a huge library of income disclosures for other MLMs, check out Tracy’s other site.] […]

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