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.
Last checked Oct 11, 2026
Toyota leads with 21.7 €bn, ahead of Volkswagen (7.3 €bn) and BMW (7.3 €bn).
Automakers by profit
| # | Company | Size | Country | Profit | FY |
|---|---|---|---|---|---|
| 1 | Toyota | Japan | 21.7 | 2026 | |
| 2 | Volkswagen | Germany | 7.3 | 2025 | |
| 3 | BMW | Germany | 7.3 | 2025 | |
| 4 | Hyundai Motor | South Korea | 6.3 | 2025 | |
| 5 | Xiaomi | China | 5.6 | 2025 | |
| 6 | Mercedes-Benz Group | Germany | 5.1 | 2025 | |
| 7 | Kia | South Korea | 5.0 | 2025 | |
| 8 | BYD | China | 4.3 | 2025 | |
| 9 | Tesla | United States | 3.4 | 2025 | |
| 10 | Porsche SE | Germany | 2.7 | 2025 | |
| 11 | Chery Automobile | China | 2.5 | 2025 | |
| 12 | Suzuki Motor | Japan | 2.5 | 2026 | |
| 13 | General Motors | United States | 2.4 | 2025 | |
| 14 | Geely | China | 2.2 | 2025 | |
| 15 | Ferrari | Italy | 1.6 | 2025 | |
| 16 | Mahindra & Mahindra | India | 1.6 | 2026 | |
| 17 | Maruti Suzuki | India | 1.4 | 2026 | |
| 18 | SAIC Motor | China | 1.3 | 2025 | |
| 19 | Great Wall Motor | China | 1.3 | 2025 | |
| 20 | Seres Group | China | 0.8 | 2025 | |
| 21 | Isuzu | Japan | 0.8 | 2026 | |
| 22 | Changan Auto | China | 0.5 | 2025 | |
| 23 | Subaru | Japan | 0.5 | 2026 | |
| 24 | Hyundai Motor India | India | 0.5 | 2026 | |
| 25 | Porsche AG | Germany | 0.4 | 2025 | |
| 26 | Mazda | Japan | 0.2 | 2026 | |
| 27 | Li Auto | China | 0.1 | 2025 | |
| 28 | Leapmotor | China | 0.1 | 2025 | |
| 29 | Mitsubishi Motors | Japan | 0.1 | 2026 | |
| 30 | KG Mobility | South Korea | 0.0 | 2025 | |
| 31 | Volvo Car | Sweden | 0.0 | 2025 | |
| 32 | XPeng | China | -0.2 | 2025 | |
| 33 | JAC Motors | China | -0.2 | 2025 | |
| 34 | Lotus Technology | China | -0.4 | 2025 | |
| 35 | Aston Martin | United Kingdom | -0.6 | 2025 | |
| 36 | GAC Group | China | -1.2 | 2025 | |
| 37 | NIO | China | -2.1 | 2025 | |
| 38 | Polestar | Sweden | -2.1 | 2025 | |
| 39 | Honda | Japan | -2.4 | 2026 | |
| 40 | Lucid | United States | -2.4 | 2025 | |
| 41 | Nissan | Japan | -3.0 | 2026 | |
| 42 | Rivian | United States | -3.3 | 2025 | |
| 43 | Ford | United States | -7.3 | 2025 | |
| 44 | Renault | France | -10.9 | 2025 | |
| 45 | Stellantis | Netherlands | -22.4 | 2025 |
Fiscal years can differ by company (FY column).
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.
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 21.7 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 9.6 billion euros. To the supplier ranking by profit.