Ferrari Income Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	7,146	6,677	5,970	5,095	4,271
Revenue Growth (YoY)	7.03%	11.83%	17.17%	19.30%	23.44%
Cost of Revenue	3,453	3,329	2,996	2,649	2,081
Gross Profit	3,693	3,347	2,974	2,446	2,190
Selling, General & Admin	642.49	561.14	462.58	427.97	348.02
Research & Development	918.86	894.09	881.56	775.57	768.1
Other Operating Expenses	21.73	4.2	12.76	15.37	-1.34
Operating Income	2,110	1,888	1,617	1,227	1,075
Interest Income	168.15	147.1	132.32	83.86	43
Interest Expense	-214.23	-145.9	-147.33	-133.47	-76.26
Other Non-Operating Income (Expense)	-46.08	1.21	-15.02	-49.62	-33.26
Total Non-Operating Income (Expense)	-92.16	2.41	-30.03	-99.23	-66.51
Pretax Income	2,064	1,889	1,602	1,178	1,042
Provision for Income Taxes	464.12	363.04	344.9	238.47	209.1
Net Income	1,597	1,522	1,252	932.61	830.77
Minority Interest in Earnings	2.6	4.04	5.41	6.68	2.37
Net Income to Common	1,597	1,522	1,252	932.61	830.77
Net Income Growth	4.93%	21.55%	34.25%	12.26%	36.68%
Shares Outstanding (Basic)	178	180	181	183	184
Shares Outstanding (Diluted)	178	180	182	183	185
Shares Change (YoY)	-0.93%	-0.84%	-0.88%	-0.89%	-0.33%
EPS (Basic)	8.97	8.47	6.91	5.11	4.50
EPS (Diluted)	8.96	8.46	6.90	5.09	4.50
EPS Growth	5.91%	22.61%	35.56%	13.11%	37.20%
Free Cash Flow	1,864	1,444	1,335	1,056	930.41
Free Cash Flow Growth	29.06%	8.20%	26.46%	13.46%	93.36%
Free Cash Flow Per Share	10.45	8.02	7.35	5.76	5.04
Dividends Per Share	3.615	2.986	2.443	1.810	1.362
Dividend Growth	21.07%	22.23%	34.97%	32.89%	57.09%
Gross Margin	51.68%	50.13%	49.82%	48.01%	51.28%
Operating Margin	29.52%	28.27%	27.09%	24.09%	25.18%
Profit Margin	22.38%	22.85%	21.06%	18.43%	19.51%
FCF Margin	26.09%	21.63%	22.36%	20.72%	21.78%
EBITDA	2,772	2,555	2,280	1,774	1,531
EBITDA Margin	38.79%	38.26%	38.18%	34.81%	35.86%
EBIT	2,110	1,888	1,617	1,227	1,075
EBIT Margin	29.52%	28.27%	27.09%	24.09%	25.18%
Effective Tax Rate	22.49%	19.22%	21.52%	20.25%	20.06%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.