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The world's largest automakers by revenue

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

As offiscal years 2025/2026
SourceAnnual reports, ECB rates
Coverage47 manufacturers · 26 suppliers

Last checked Oct 11, 2026

Volkswagen leads with 321.9 €bn, ahead of Toyota (285.8 €bn) and Ford (167.1 €bn).

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Manufacturers 47Suppliers 26
Bars relative to No. 1 · €bn

Automakers by revenue

#CompanySizeCountryRevenueFY
1VolkswagenGermany321.92025
2ToyotaJapan285.82026
3FordUnited States167.12025
4General MotorsUnited States165.12025
5StellantisNetherlands153.52025
6BMWGermany133.52025
7Mercedes-Benz GroupGermany132.22025
8Hyundai MotorSouth Korea123.92025
9HondaJapan122.92026
10BYDChina107.22025
11SAIC MotorChina87.52025
12TeslaUnited States84.62025
13KiaSouth Korea75.92025
14NissanJapan67.72026
15XiaomiChina61.02025
16RenaultFrance57.92025
17GeelyChina46.02025
18Chery AutomobileChina40.02025
19Porsche AGGermany36.32025
20Suzuki MotorJapan35.52026
21Volvo CarSweden32.02025
22Tata MotorsIndia30.82026
23Great Wall MotorChina29.32025
24MazdaJapan27.72026
25SubaruJapan27.02026
26Seres GroupChina22.02025
27Changan AutoChina21.92025
28IsuzuJapan19.62026
29Mahindra & MahindraIndia17.82026
30Maruti SuzukiIndia16.32026
31Mitsubishi MotorsJapan16.32026
32Li AutoChina15.02025
33GAC GroupChina12.92025
34NIOChina11.72025
35XPengChina10.22025
36LeapmotorChina8.62025
37FAW CarChina8.42025
38FerrariItaly7.12025
39Hyundai Motor IndiaIndia6.42026
40JAC MotorsChina6.22025
41RivianUnited States4.82025
42KG MobilitySouth Korea2.92025
43Porsche SEGermany2.72025
44PolestarSweden2.72025
45Aston MartinUnited Kingdom1.52025
46LucidUnited States1.22025
47Lotus TechnologyChina0.52025

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. The privately held suppliers Bosch and ZF are included with the figures from their annual reports. For Bosch we use the Mobility business sector, the automotive business without household appliances, industrial and building technology.

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 (285.8) and Ford (167.1). 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 56.5 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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