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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
Coverage46 manufacturers · 23 suppliers

Last checked Aug 27, 2026

Volkswagen leads with 321.9 €bn, ahead of Toyota (273.1 €bn) and Ford (160.5 €bn).

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Manufacturers 46Suppliers 23
Bars relative to No. 1 · €bn

Automakers by revenue

#CompanySizeCountryRevenueFY
1VolkswagenGermany321.92025
2ToyotaJapan273.12026
3FordUnited States160.52025
4General MotorsUnited States158.62025
5StellantisNetherlands153.52025
6BMWGermany133.52025
7Mercedes-Benz GroupGermany132.22025
8HondaJapan117.42026
9Hyundai MotorSouth Korea115.42025
10BYDChina102.52025
11SAIC MotorChina83.72025
12TeslaUnited States81.32025
13KiaSouth Korea70.72025
14NissanJapan64.72026
15XiaomiChina58.32025
16RenaultFrance57.92025
17GeelyChina44.02025
18Chery AutomobileChina38.32025
19Porsche AGGermany36.32025
20Suzuki MotorJapan33.92026
21Volvo CarSweden32.22025
22Great Wall MotorChina28.02025
23MazdaJapan26.52026
24SubaruJapan25.82026
25Seres GroupChina21.02025
26Changan AutoChina20.92025
27IsuzuJapan18.72026
28Mahindra & MahindraIndia17.32026
29Maruti SuzukiIndia15.92026
30Mitsubishi MotorsJapan15.62026
31Li AutoChina14.32025
32GAC GroupChina12.32025
33NIOChina11.22025
34XPengChina9.82025
35LeapmotorChina8.32025
36FAW CarChina8.02025
37FerrariItaly7.12025
38Hyundai Motor IndiaIndia6.22026
39JAC MotorsChina5.92025
40RivianUnited States4.62025
41Porsche SEGermany2.72025
42KG MobilitySouth Korea2.72025
43PolestarSweden2.62025
44Aston MartinUnited Kingdom1.52025
45LucidUnited States1.22025
46Lotus 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 (273.1) and Ford (160.5). 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 54.0 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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