Volkswagen AG (FRA:VOW3)

Volkswagen AG Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	266,817	265,887	268,156	235,383	206,237	182,106
Other Revenue	59,936	58,769	54,128	43,667	43,963	40,778
Revenue	326,753	324,656	322,284	279,050	250,200	222,884
Revenue Growth (YoY)	1.62%	0.74%	15.49%	11.53%	12.26%	-11.77%
Cost of Revenue	204,134	202,098	205,730	185,406	166,840	149,327
Gross Profit	55,336	56,298	58,223	49,515	44,519	36,795
Selling, General & Admin	31,631	31,349	30,319	27,867	25,998	24,414
Other Operating Expenses	2,491	2,031	3,805	-1,420	-796	578
Operating Expenses	34,122	33,380	34,124	26,447	25,202	24,992
Operating Income	21,214	22,918	24,099	23,068	19,317	11,803
Interest Expense	-3,446	-3,446	-3,640	-408	-1,818	-2,291
Interest & Investment Income	2,202	2,419	2,658	1,325	810	793
Earnings From Equity Investments	421	526	2,236	2,287	2,232	2,696
Currency Exchange Gain (Loss)	658	658	-507	120	526	-907
Other Non Operating Income (Expenses)	-1,904	-1,902	-759	-488	-556	1,829
EBT Excluding Unusual Items	19,145	21,173	24,087	25,904	20,511	13,923
Merger & Restructuring Charges	-2,510	-2,510	-62	-	-34	-
Impairment of Goodwill	-8	-8	-6	-30	-39	-37
Gain (Loss) on Sale of Investments	-7	-7	229	-3,115	269	-572
Gain (Loss) on Sale of Assets	-255	-255	-306	-220	-218	-142
Asset Writedown	-1,588	-1,588	-843	-190	-30	-914
Legal Settlements	-	-	-	-	-	-1,000
Other Unusual Items	-	-	-	-280	-333	409
Pretax Income	14,777	16,805	23,099	22,069	20,126	11,667
Income Tax Expense	3,876	4,411	5,237	6,217	4,698	2,843
Earnings From Continuing Operations	10,901	12,394	17,862	15,852	15,428	8,824
Minority Interest in Earnings	-966	-1,043	-1,329	-395	-46	43
Net Income	9,935	11,351	16,533	15,457	15,382	8,867
Preferred Dividends & Other Adjustments	618	630	586	576	539	533
Net Income to Common	9,317	10,721	15,947	14,881	14,843	8,334
Net Income Growth	-36.25%	-31.34%	6.96%	0.49%	73.47%	-36.14%
Shares Outstanding (Basic)	501	501	501	501	501	501
Shares Outstanding (Diluted)	501	501	501	501	501	501
EPS (Basic)	18.59	21.39	31.81	29.69	29.61	16.62
EPS (Diluted)	18.59	21.39	31.81	29.69	29.61	16.62
EPS Growth	-37.77%	-32.77%	7.16%	0.26%	78.10%	-37.55%
Free Cash Flow	1,080	-51	4,703	15,548	27,978	13,628
Free Cash Flow Per Share	2.15	-0.10	9.38	31.02	55.81	27.19
Dividend Per Share	6.360	6.360	9.060	8.760	7.560	4.860
Dividend Growth	-29.80%	-29.80%	3.43%	15.87%	55.56%	-
Gross Margin	16.93%	17.34%	18.07%	17.74%	17.79%	16.51%
Operating Margin	6.49%	7.06%	7.48%	8.27%	7.72%	5.30%
Profit Margin	2.85%	3.30%	4.95%	5.33%	5.93%	3.74%
Free Cash Flow Margin	0.33%	-0.02%	1.46%	5.57%	11.18%	6.11%
EBITDA	29,533	33,969	34,263	34,790	30,901	23,296
EBITDA Margin	9.04%	10.46%	10.63%	12.47%	12.35%	10.45%
D&A For EBITDA	8,319	11,051	10,164	11,722	11,584	11,493
EBIT	21,214	22,918	24,099	23,068	19,317	11,803
EBIT Margin	6.49%	7.06%	7.48%	8.27%	7.72%	5.29%
Effective Tax Rate	26.23%	26.25%	22.67%	28.17%	23.34%	24.37%

Updated Mar 10, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.