Volkswagen AG (ETR:VOW3)

Volkswagen AG Financials Overview

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

Revenue & Profits

Chart

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	321,651	321,913	324,656	322,284	279,050	250,200
Revenue Growth	-0.79%	-0.84%	0.74%	15.49%	11.53%	12.26%
Gross Profit Gross Profit Growth	44,279	45,345	55,961	58,223	49,515	44,519
Operating Income Operating Income Growth	13,429	13,234	21,610	24,099	23,068	19,317
Net Income Net Income Growth	5,242	6,673	10,721	15,947	14,881	14,843
Earnings Per Share EPS Growth	10.46	13.31	21.39	31.81	29.69	29.61
EPS Growth	-37.68%	-37.76%	-32.77%	7.16%	0.26%	78.10%

Revenue by Segment

Chart

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Passenger Cars and Light Commercial Vehicles Passenger Cars and Light Commercial Vehicles Growth	213,820	217,299	220,042	223,152	193,074	176,492
Commercial Vehicles Commercial Vehicles Growth	41,714	41,517	44,930	44,725	38,346	29,046
Power Engineering Power Engineering Growth	-	-	4,332	4,043	3,564	3,277
Financial Services Financial Services Growth	60,690	57,853	54,997	49,998	43,667	41,006
Revenue (Total) Revenue (Total) Growth	321,650	321,913	324,656	322,284	279,050	250,200

Cash & Debt

Chart

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	66,774	64,087	63,395	50,909	55,903	43,165
Total Debt Total Debt Growth	280,904	264,703	254,081	232,799	205,185	210,202
Net Cash (Debt) Net Cash Growth	-214,130	-200,616	-190,686	-181,890	-149,282	-167,037
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-427.15	-400.20	-380.39	-362.84	-297.79	-333.21

Cash Flow & CapEx

Chart

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	17,562	15,009	17,151	19,356	28,496	38,633
Capital Expenditures CapEx Growth	-14,434	-15,299	-17,202	-14,653	-12,948	-10,655
Free Cash Flow Free Cash Flow Growth	3,128	-290	-51	4,703	15,548	27,978
Free Cash Flow Growth	-	-	-	-69.75%	-44.43%	105.30%

Margins

Chart

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	13.77%	14.09%	17.24%	18.07%	17.74%	17.79%
Operating Margin	4.17%	4.11%	6.66%	7.48%	8.27%	7.72%
Pretax Margin	2.38%	2.89%	5.18%	7.17%	7.91%	8.04%
Profit Margin	1.63%	2.07%	3.30%	4.95%	5.33%	5.93%
FCF Margin	0.97%	-0.09%	-0.02%	1.46%	5.57%	11.18%

Dividends

Chart

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 16, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	5.260	5.260	6.360	9.060	8.760	7.560
Dividend Per Share Growth	-17.30%	-17.30%	-29.80%	3.43%	15.87%	55.56%
Dividend Yield	7.14%	5.42%	8.12%	9.96%	9.93%	6.89%

Valuation

Chart

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 16, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	7.05	7.85	4.25	3.64	4.54	7.60
Forward PE	2.68	5.48	3.63	3.72	3.71	5.83
P/FCF Ratio	11.94	-	-	12.33	4.35	4.03
PS Ratio	0.12	0.16	0.14	0.18	0.24	0.45

Data Sources: S&P Global Market Intelligence and Fiscal.ai Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company. Revenue segment data is provided by Fiscal.ai.

Update frequency:

Quarterly

Last checked:

Aug 14, 2026

Data Sources Report a data error