Volkswagen AG 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	321,913	324,656	322,284	279,050	250,200
Revenue Growth (YoY)	-0.84%	0.74%	15.49%	11.53%	12.26%
Cost of Revenue	270,671	265,184	261,299	226,866	202,959
Gross Profit	51,243	59,472	60,985	52,184	47,241
Selling, General & Admin	35,345	35,074	34,074	31,495	29,648
Other Operating Expenses	7,029	5,338	4,382	-1,421	-1,682
Total Operating Expenses	42,374	40,412	38,456	30,074	27,966
Operating Income	8,868	19,060	22,528	22,109	19,275
Interest Income	2,754	2,794	4,949	3,728	3,131
Interest Expense	-3,245	-3,446	-3,640	-408	-1,818
Other Non-Operating Income (Expense)	930	-1,602	-739	-3,359	-463
Total Non-Operating Income (Expense)	439	-2,254	570	-39	850
Pretax Income	9,307	16,806	23,099	22,070	20,126
Provision for Income Taxes	2,403	4,411	5,237	6,217	4,698
Net Income	6,673	10,721	15,947	14,881	14,843
Minority Interest in Earnings	-419	1,043	1,329	395	46
Net Income Attributable to Preferred Dividends	650	630	586	576	539
Net Income to Common	6,673	10,721	15,947	14,881	14,843
Net Income Growth	-37.76%	-32.77%	7.16%	0.26%	78.10%
Shares Outstanding (Basic)	501	501	501	501	501
Shares Outstanding (Diluted)	501	501	501	501	501
EPS (Basic)	13.29	21.36	31.79	29.66	29.59
EPS (Diluted)	13.29	21.36	31.79	29.66	29.59
EPS Growth	-37.78%	-32.81%	7.18%	0.24%	78.25%
Shares Outstanding	501.3	501.3	501.3	501.3	501.3
Free Cash Flow	-290	-51	4,703	15,548	27,978
Free Cash Flow Growth	-	-	-69.75%	-44.43%	105.30%
Free Cash Flow Per Share	-0.58	-0.10	9.38	31.02	55.81
Dividends Per Share	5.260	6.360	9.060	8.760	7.560
Dividend Growth	-17.30%	-29.80%	3.43%	15.87%	55.56%
Gross Margin	15.92%	18.32%	18.92%	18.70%	18.88%
Operating Margin	2.75%	5.87%	6.99%	7.92%	7.70%
Profit Margin	2.14%	3.82%	5.54%	5.68%	6.17%
FCF Margin	-0.09%	-0.02%	1.46%	5.57%	11.18%
EBITDA	46,302	50,406	50,094	50,594	46,611
EBITDA Margin	14.38%	15.53%	15.54%	18.13%	18.63%
EBIT	8,868	19,060	22,528	22,109	19,275
EBIT Margin	2.75%	5.87%	6.99%	7.92%	7.70%
Effective Tax Rate	25.82%	26.25%	22.67%	28.17%	23.34%

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