Mercedes-Benz Group revenue and financials
€39.08Change from previous close: −3.98%Absolute change: −€1.62
In the fiscal year ended December 2025, Mercedes-Benz Group reported revenue of €132.21B (−9.19% year over year). Net income was €5.14B, a net margin of 3.9%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −9.19%
- 2025 vs 2024
- Net income growth
- −49.63%
- 2025 vs 2024
- Net margin
- 3.9%
- 2024: 7.0%
Financial data
Amounts in millions of EUR; per-share values in EUR; shares in millions.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 2,431 | 3,785 | 2,777 | 4,834 | 4,429 | 5,966 | 5,576 | 4,897 | 2,698 | 4,564 | 3,601 | 3,524 |
| Depreciation and amortization | 1,834 | 1,740 | -522 | 1,811 | 1,689 | 1,851 | -181 | 1,649 | 1,656 | 1,643 | -404 | 1,644 |
| Capital expenditure | -1,220 | -749 | -2,634 | -1,245 | -918 | -685 | -1,389 | -1,058 | -933 | -659 | -1,186 | -934 |
| Investing cash flow | -1,896 | -1,971 | -1,790 | -2,005 | -1,130 | -4,275 | -3,678 | -2,017 | -1,244 | -1,811 | -2,308 | -2,027 |
| Financing cash flow | -2,663 | -1,949 | -2,397 | -3,072 | -781 | -4,203 | -1,918 | -1,431 | -5,830 | -1,573 | -239 | -1,950 |
| Dividends paid | -3,322 | — | 0.0 | 0.0 | -4,140 | — | 0.0 | 0.0 | -5,486 | — | — | — |
| Share repurchases | -1,269 | -515 | -304 | 0.0 | 0.0 | -56.0 | -513 | -1,246 | -2,792 | -370 | -763 | -468 |
| Debt issued | 10,726 | 8,380 | 6,558 | 5,050 | 11,310 | 5,680 | 7,179 | 8,526 | 9,944 | 12,689 | 8,600 | 6,471 |
| Debt repaid | -8,809 | -9,829 | -8,654 | -8,137 | -7,860 | -9,877 | -8,578 | -8,649 | -7,390 | -13,909 | -8,083 | -7,815 |
| Effect of exchange rates | 98.0 | 89.0 | 20.0 | -30.0 | -331 | -252 | 504 | -279 | 30.0 | 56.0 | -220 | 163 |
| Net change in cash | -2,030 | -46.0 | -1,390 | -273 | 2,187 | -2,764 | 484 | 1,170 | -4,346 | 1,236 | 834 | -290 |
| Free cash flow | 1,211 | 3,036 | 143 | 3,589 | 3,511 | 5,281 | 4,187 | 3,839 | 1,765 | 3,905 | 2,415 | 2,590 |
| Levered free cash flow | 3,168 | 1,284 | -10,693 | 2,448 | 2,841 | 4,366 | 2,198 | -393 | 491 | -3,195 | 1,904 | -2,522 |