Ferrari N.V. (RACE)

Ferrari Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	7,004	6,546	5,870	5,026	4,271
Other Revenue	141.94	130.41	99.66	69.39	-
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	3,354	3,241	2,935	2,622	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	27.48	12.44	18.9	21.55	5.56
Operating Expenses	1,589	1,468	1,363	1,225	1,122
Operating Income	2,104	1,880	1,611	1,221	1,069
Interest Expense	-41.17	-40.05	-29.26	-25.49	-23.67
Interest & Investment Income	20.42	31.49	25.81	4.15	1.58
Currency Exchange Gain (Loss)	-38.16	-7.04	-20.2	-25.92	-11.41
Other Non Operating Income (Expenses)	12.83	16.81	8.63	-2.35	0.24
EBT Excluding Unusual Items	2,058	1,881	1,596	1,172	1,035
Gain (Loss) on Sale of Investments	12.57	8.25	6.14	6.18	6.9
Legal Settlements	-6.82	-	-	-	-
Pretax Income	2,064	1,889	1,602	1,178	1,042
Income Tax Expense	464.12	363.04	344.9	238.47	209.1
Earnings From Continuing Operations	1,600	1,526	1,257	939.29	833.14
Minority Interest in Earnings	-2.6	-4.04	-5.41	-6.68	-2.37
Net Income	1,597	1,522	1,252	932.61	830.77
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	5.10	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 Per Share	10.45	8.03	7.35	5.76	5.04
Dividend 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	29.44%	28.15%	26.99%	23.97%	25.02%
Profit Margin	22.35%	22.79%	20.97%	18.30%	19.45%
Free Cash Flow Margin	26.09%	21.63%	22.36%	20.72%	21.79%
EBITDA	2,407	2,189	1,911	1,493	1,315
EBITDA Margin	33.68%	32.78%	32.01%	29.30%	30.78%
D&A For EBITDA	302.92	309.21	299.72	271.66	246.17
EBIT	2,104	1,880	1,611	1,221	1,069
EBIT Margin	29.44%	28.15%	26.99%	23.97%	25.02%
Effective Tax Rate	22.49%	19.22%	21.52%	20.25%	20.06%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q