Volkswagen revenue and financials
€69.64Change from previous close: +1.10%Absolute change: +€0.76
In the fiscal year ended December 2025, Volkswagen reported revenue of €321.91B (−0.84% year over year). Net income was €7.32B, a net margin of 2.3%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −0.84%
- 2025 vs 2024
- Net income growth
- −35.49%
- 2025 vs 2024
- Net margin
- 2.3%
- 2024: 3.5%
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 | 15,009 | 17,151 | 19,356 | 28,496 | 38,633 | 24,901 | 17,983 | 7,272 | -1,185 | 9,430 |
| Depreciation and amortization | 12,602 | 12,441 | 11,415 | 12,907 | 12,692 | 12,555 | 12,254 | 10,564 | 10,270 | 9,551 |
| Capital expenditure | -15,299 | -17,202 | -14,653 | -12,948 | -10,655 | -11,273 | -14,230 | -13,729 | -13,052 | -13,152 |
| Investing cash flow | -27,484 | -31,573 | -19,812 | -41,822 | -26,128 | -22,690 | -21,146 | -21,590 | -16,508 | -20,679 |
| Financing cash flow | 11,918 | 11,140 | 16,008 | 4,225 | -7,754 | 7,637 | -865 | 24,566 | 17,625 | 9,712 |
| Dividends paid | -3,835 | -5,175 | -11,732 | -4,362 | -2,994 | -2,891 | -2,890 | -2,371 | -1,327 | -358 |
| Share repurchases | — | -1,144 | — | -235 | -1,071 | — | — | — | — | — |
| Debt issued | 80,166 | 64,427 | 69,497 | 23,876 | 32,659 | 28,758 | 25,916 | 40,796 | 33,388 | 33,717 |
| Debt repaid | -64,562 | -46,365 | -42,753 | -31,252 | -35,731 | -20,915 | -25,250 | -15,319 | -17,905 | -23,637 |
| Effect of exchange rates | -938 | 55.0 | -1,764 | -285 | 942 | -745 | 243 | -173 | -727 | -91.0 |
| Net change in cash | -1,495 | -3,226 | 13,785 | -9,385 | 5,691 | 9,103 | -3,784 | 10,075 | -796 | -1,628 |
| Free cash flow | -290 | -51.0 | 4,703 | 15,548 | 27,978 | — | — | — | — | — |
| Levered free cash flow | 12,737 | -83,664 | 17,099 | 26,792 | 14,563 | 13,117 | 3,027 | 8,129 | -11,974 | 29,785 |