Ferrari revenue and financials
Secondary listing. The primary listing is Ferrari · Borsa Italiana (EUR)
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In the fiscal year ended December 2025, Ferrari reported revenue of €7.15B (+7.03% year over year). Net income was €1.6B, a net margin of 22.3%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +7.03%
- 2025 vs 2024
- Net income growth
- +4.93%
- 2025 vs 2024
- Net margin
- 22.3%
- 2024: 22.8%
Financial data
Amounts in millions of EUR; per-share values in EUR; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 7,146 | 6,677 | 5,970 | 5,095 | 4,271 | 3,460 | 3,767 | 3,420 | 3,417 | 3,105 |
| Cost of revenue | 3,453 | 3,329 | 2,996 | 2,649 | 2,081 | 1,686 | 1,805 | 1,623 | 1,651 | 1,580 |
| Gross profit | 3,693 | 3,347 | 2,974 | 2,446 | 2,190 | — | — | — | — | — |
| Selling, general and administrative | 642 | 561 | 463 | 428 | 348 | — | — | — | — | — |
| Research and development | 919 | 894 | 882 | 776 | 768 | 707 | 699 | 643 | 657 | 614 |
| Operating income | 2,110 | 1,888 | 1,617 | 1,227 | 1,075 | 716 | 917 | 827 | 775 | 595 |
| EBIT | 2,104 | 1,880 | 1,611 | 1,221 | 1,069 | — | — | — | — | — |
| EBITDA | 2,407 | 2,189 | 1,911 | 1,493 | 1,315 | — | — | — | — | — |
| Interest expense | 214 | 146 | 147 | 133 | 76.3 | 59.2 | 66.6 | 43.9 | 50.0 | 46.6 |
| Pre-tax income | 2,064 | 1,889 | 1,602 | 1,178 | 1,042 | — | — | — | — | — |
| Income tax | 464 | 363 | 345 | 238 | 209 | 58.2 | 177 | 16.3 | 209 | 168 |
| Net income | 1,597 | 1,522 | 1,252 | 933 | 831 | 608 | 696 | 785 | 535 | 399 |
| Net income to common shareholders | 1,597 | 1,522 | 1,252 | 933 | 831 | — | — | — | — | — |
| Basic EPS | 8.97 | 8.47 | 6.91 | 5.11 | 4.50 | 3.29 | 3.73 | 4.16 | 2.83 | 2.11 |
| Diluted EPS | 8.96 | 8.46 | 6.90 | 5.09 | 4.50 | 3.28 | 3.71 | 4.14 | 2.82 | 2.11 |
| Average shares (basic) | 178 | 180 | 181 | 183 | 184 | — | — | — | — | — |
| Average shares (diluted) | 178 | 180 | 182 | 183 | 185 | — | — | — | — | — |
| Dividend per share | 3.62 | 2.99 | 2.44 | 1.81 | 1.36 | — | — | — | — | — |