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The automakers with the highest profit

Profit of the world's largest automakers, from each company's latest fiscal year and in euros. Compiled by Philipp Raasch, almost 10 years at Mercedes-Benz, independent automotive industry analyst.

As offiscal years 2025/2026
SourceAnnual reports, ECB rates
Coverage45 manufacturers · 24 suppliers

Last checked Sep 14, 2026

Toyota leads with 21.6 €bn, ahead of Volkswagen (7.3 €bn) and BMW (7.3 €bn).

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Manufacturers 45Suppliers 24
Bars relative to No. 1 · €bn

Automakers by profit

#CompanySizeCountryProfitFY
1ToyotaJapan21.62026
2VolkswagenGermany7.32025
3BMWGermany7.32025
4Hyundai MotorSouth Korea6.12025
5XiaomiChina5.42025
6Mercedes-Benz GroupGermany5.12025
7KiaSouth Korea4.92025
8BYDChina4.22025
9TeslaUnited States3.32025
10Porsche SEGermany2.72025
11Suzuki MotorJapan2.52026
12Chery AutomobileChina2.42025
13General MotorsUnited States2.32025
14GeelyChina2.22025
15FerrariItaly1.62025
16Mahindra & MahindraIndia1.52026
17Maruti SuzukiIndia1.32026
18SAIC MotorChina1.32025
19Great Wall MotorChina1.32025
20Seres GroupChina0.82025
21IsuzuJapan0.82026
22Changan AutoChina0.52025
23SubaruJapan0.52026
24Hyundai Motor IndiaIndia0.52026
25Porsche AGGermany0.42025
26MazdaJapan0.22026
27Li AutoChina0.12025
28LeapmotorChina0.12025
29Mitsubishi MotorsJapan0.12026
30KG MobilitySouth Korea0.02025
31Volvo CarSweden0.02025
32Lotus TechnologyChina-0.12025
33XPengChina-0.12025
34JAC MotorsChina-0.22025
35Aston MartinUnited Kingdom-0.62025
36GAC GroupChina-1.12025
37NIOChina-2.02025
38PolestarSweden-2.02025
39LucidUnited States-2.32025
40HondaJapan-2.42026
41NissanJapan-3.02026
42RivianUnited States-3.12025
43FordUnited States-7.12025
44RenaultFrance-10.92025
45StellantisNetherlands-22.42025

Fiscal years can differ by company (FY column).

My take
Profit is the industry's most honest number. Revenue can be bought and market value can be gifted by the stock market, but profit has to be earned. This is exactly where those who build cars part ways with those who make money on cars.
Philipp Raasch
Philipp RaaschFounder · Der Autopreneur

Methodology

Profit from each company's latest available fiscal year (fiscal year column), converted to euros at the ECB reference rate. Fiscal years vary: Japanese automakers report through the end of March. All figures come from the published consolidated financial statements. For conglomerates (Xiaomi) and semiconductor groups (Infineon) the group-level figure is used, marked with a label. Privately held companies such as Bosch and ZF are not included here.

All information is provided for informational purposes only and does not constitute investment advice. Financial figures may be delayed, preliminary or contain errors. No guarantee of accuracy, completeness or timeliness. Exchange rates: European Central Bank.

Frequently asked questions

Which automaker earns the highest profit?

Toyota earns the highest profit of any automaker, at 21.6 billion euros, ahead of Volkswagen (7.3) and BMW (7.3). As of fiscal years 2025/2026.

How is profit made comparable?

Profit is the consolidated net income after taxes from each company's latest published fiscal year, converted to euros at the ECB reference rate. Losses appear as negative values. Fiscal years vary; Japanese automakers report through the end of March.

Where do I find the suppliers with the highest profit?

The automotive suppliers have their own ranking. CATL leads there with 9.3 billion euros. To the supplier ranking by profit.

Same industry, different metric

By operating marginOperating profit per euro of revenue By vehicle salesWho sells the most cars Profit per vehicleWho earns on every single car By market capitalizationWhat the stock market values By headcountWho employs how many Profit per employeeOutput per employee By revenueSheer size All metricsBack to the overview

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