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The world's largest automakers by revenue

Revenue of the world's largest automakers. Compiled by Philipp Raasch, 10 years at Mercedes-Benz, independent automotive industry analyst.

As offiscal years 2025/2026
SourceAnnual reports, ECB rates
Coverage45 manufacturers · 23 suppliers

Last checked Aug 9, 2026

Volkswagen leads with 321.9 €bn, ahead of Toyota (277.5 €bn) and Ford (162.3 €bn).

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Manufacturers 45Suppliers 23
Bars relative to No. 1 · €bn

Automakers by revenue

#CompanySizeCountryRevenueFY
1VolkswagenGermany321.92025
2ToyotaJapan277.52026
3FordUnited States162.32025
4General MotorsUnited States160.42025
5StellantisNetherlands153.52025
6BMWGermany133.52025
7Mercedes-Benz GroupGermany132.22025
8HondaJapan119.32026
9Hyundai MotorSouth Korea114.02025
10BYDChina103.32025
11SAIC MotorChina84.32025
12TeslaUnited States82.22025
13KiaSouth Korea69.92025
14XiaomiChina58.82025
15RenaultFrance57.92025
16GeelyChina44.42025
17Chery AutomobileChina38.62025
18Porsche AGGermany36.32025
19Suzuki MotorJapan34.52026
20Volvo CarSweden32.62025
21Great Wall MotorChina28.32025
22MazdaJapan26.92026
23SubaruJapan26.22026
24Seres GroupChina21.22025
25Changan AutoChina21.12025
26IsuzuJapan19.02026
27Mahindra & MahindraIndia17.62026
28Maruti SuzukiIndia16.42026
29Mitsubishi MotorsJapan15.92026
30Li AutoChina14.42025
31GAC GroupChina12.42025
32NIOChina11.22025
33XPengChina9.92025
34LeapmotorChina8.32025
35FAW CarChina8.12025
36FerrariItaly7.12025
37Hyundai Motor IndiaIndia6.32026
38JAC MotorsChina6.02025
39RivianUnited States4.72025
40Porsche SEGermany2.72025
41PolestarSweden2.72025
42KG MobilitySouth Korea2.62025
43Aston MartinUnited Kingdom1.52025
44LucidUnited States1.22025
45Lotus TechnologyChina0.12025

Fiscal years can differ by company (FY column).

My take
Volkswagen leads on revenue, but revenue is not profit. Selling the most does not mean earning the most. The industry's true pecking order sits one metric further, at profit.
Philipp Raasch
Philipp RaaschFounder · Der Autopreneur
My analysis on this
Volkswagen Is Fighting the Wrong Crisis→

Methodology

Revenue from each company's latest available fiscal year (FY 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. Privately held companies such as Bosch and ZF are not included.

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 generates the most revenue?

Volkswagen is the world's largest automaker by revenue, at 321.9 billion euros, ahead of Toyota (277.5) and Ford (162.3). As of fiscal years 2025/2026.

How is revenue made comparable?

Every revenue figure comes from the published consolidated financial statements of the latest fiscal year and is converted to euros at the ECB reference rate. Fiscal years vary; Japanese automakers report through the end of March.

Where do I find the largest suppliers by revenue?

The automotive suppliers have their own ranking. CATL leads there with 54.4 billion euros. To the supplier ranking by revenue.

Same industry, different metric

By profitWho actually makes money 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 All metricsBack to the overview

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