Mercedes-Benz Group AG Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	112,625	120,511	126,819	123,063	105,952	94,079
Other Revenue	24,349	25,083	25,571	26,954	27,941	27,699
Revenue	136,974	145,594	152,390	150,017	133,893	121,778
Revenue Growth (YoY)	-6.90%	-4.46%	1.58%	12.04%	9.95%	-29.50%
Cost of Revenue	90,289	94,264	94,903	93,010	80,069	76,688
Gross Profit	22,675	27,023	33,514	32,477	29,368	18,656
Selling, General & Admin	11,311	11,167	11,573	10,663	10,252	9,659
Research & Development	5,712	5,580	6,230	5,602	5,385	4,697
Other Operating Expenses	-1,156	-2,310	-1,780	-1,121	-1,158	-1,786
Operating Expenses	15,867	14,437	16,023	15,144	14,479	12,570
Operating Income	6,808	12,586	17,491	17,333	14,889	6,086
Interest Expense	-127	-149	-212	-363	-367	-261
Interest & Investment Income	632	713	646	261	208	221
Earnings From Equity Investments	593	1,140	2,284	1,941	1,492	1,261
Currency Exchange Gain (Loss)	-298	-196	108	-	-	-
Other Non Operating Income (Expenses)	152	-112	-413	328	323	-292
EBT Excluding Unusual Items	7,760	13,982	19,904	19,500	16,545	7,015
Merger & Restructuring Charges	-	-	-	-	-549	-911
Gain (Loss) on Sale of Investments	330	272	418	385	604	-
Gain (Loss) on Sale of Assets	-107	-107	-238	419	-693	-147
Other Unusual Items	-	-	-	-	-96	-
Pretax Income	7,983	14,147	20,084	20,304	15,811	5,957
Income Tax Expense	1,502	3,738	5,553	5,495	4,761	1,926
Earnings From Continuing Operations	6,481	10,409	14,531	14,809	11,050	4,031
Earnings From Discontinued Operations	-	-	-	-	12,346	-22
Net Income to Company	6,481	10,409	14,531	14,809	23,396	4,009
Minority Interest in Earnings	-231	-202	-270	-308	-390	-382
Net Income	6,250	10,207	14,261	14,501	23,006	3,627
Net Income to Common	6,250	10,207	14,261	14,501	23,006	3,627
Net Income Growth	-42.34%	-28.43%	-1.65%	-36.97%	534.30%	52.59%
Shares Outstanding (Basic)	964	1,002	1,060	1,070	1,070	1,070
Shares Outstanding (Diluted)	964	1,002	1,060	1,070	1,070	1,070
Shares Change (YoY)	-5.65%	-5.44%	-0.95%	-	-	-
EPS (Basic)	6.48	10.19	13.46	13.55	21.50	3.39
EPS (Diluted)	6.48	10.19	13.46	13.55	21.50	3.39
EPS Growth	-38.89%	-24.31%	-0.67%	-36.99%	534.36%	52.70%
Free Cash Flow	16,568	13,696	10,725	13,413	19,970	16,591
Free Cash Flow Per Share	17.19	13.67	10.12	12.54	18.67	15.51
Dividend Per Share	4.300	4.300	5.300	5.200	5.000	1.350
Dividend Growth	-18.87%	-18.87%	1.92%	4.00%	270.37%	50.00%
Gross Margin	16.55%	18.56%	21.99%	21.65%	21.93%	15.32%
Operating Margin	4.97%	8.64%	11.48%	11.55%	11.12%	5.00%
Profit Margin	4.56%	7.01%	9.36%	9.67%	17.18%	2.98%
Free Cash Flow Margin	12.10%	9.41%	7.04%	8.94%	14.92%	13.62%
EBITDA	11,359	16,734	21,349	21,165	19,091	11,915
EBITDA Margin	8.29%	11.49%	14.01%	14.11%	14.26%	9.78%
D&A For EBITDA	4,551	4,148	3,858	3,832	4,202	5,829
EBIT	6,808	12,586	17,491	17,333	14,889	6,086
EBIT Margin	4.97%	8.64%	11.48%	11.55%	11.12%	5.00%
Effective Tax Rate	18.82%	26.42%	27.65%	27.06%	30.11%	32.33%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.