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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2,349 | 1,927 | 1,717 | 1,403 | 1,283 | 838 | 1,306 | 934 | 663 | 1,005 |
| Depreciation and amortization | 336 | 336 | 319 | 288 | 262 | — | — | — | — | — |
| Capital expenditure | -485 | -482 | -382 | -348 | -352 | -357 | -352 | -301 | -189 | -176 |
| Investing cash flow | -944 | -987 | -866 | -805 | -733 | — | — | — | — | — |
| Financing cash flow | -1,667 | -325 | -1,109 | -554 | -580 | — | — | — | — | — |
| Dividends paid | -530 | -440 | -329 | -250 | -160 | — | — | — | — | — |
| Share repurchases | -785 | -581 | -461 | -397 | -231 | — | — | — | — | — |
| Debt issued | 585 | 1,113 | 436 | 262 | — | — | — | — | — | — |
| Debt repaid | -933 | -412 | -751 | -168 | -745 | — | — | — | — | — |
| Effect of exchange rates | -12.5 | 5.4 | -7.7 | 0.4 | 11.4 | — | — | — | — | — |
| Net change in cash | -275 | 620 | -267 | 44.8 | -18.3 | — | — | — | — | — |
| Free cash flow | 1,864 | 1,444 | 1,335 | 1,056 | 930 | — | — | — | — | — |
| Levered free cash flow | 839 | 543 | 637 | 613 | 345 | — | — | — | — | — |