AutopreneurInsights

The world's largest automakers by revenue

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

As ofJul 12, 2026
SourceAnnual reports, ECB rates
Coverage45 manufacturers · 23 suppliers

Volkswagen leads with 321.9 €bn, ahead of Toyota (273.9) and Ford (163.8).

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

Automakers by revenue

#CompanySizeCountryRevenueFY
1VolkswagenGermany321.92025
2ToyotaJapan273.92026
3FordUnited States163.82025
4General MotorsUnited States161.92025
5StellantisNetherlands153.52025
6BMWGermany133.52025
7Mercedes-Benz GroupGermany132.22025
8HondaJapan117.82026
9Hyundai MotorSouth Korea108.32025
10BYDChina103.82025
11SAIC MotorChina84.72025
12TeslaUnited States83.02025
13KiaSouth Korea66.42025
14XiaomiChina59.12025
15RenaultFrance57.92025
16GeelyChina44.62025
17Chery AutomobileChina38.82025
18Porsche AGGermany36.32025
19Suzuki MotorJapan34.02026
20Volvo CarSweden32.42025
21Great Wall MotorChina28.42025
22MazdaJapan26.62026
23SubaruJapan25.92026
24Seres GroupChina21.32025
25Changan AutoChina21.22025
26IsuzuJapan18.82026
27Mahindra & MahindraIndia17.72026
28Maruti SuzukiIndia16.62026
29Mitsubishi MotorsJapan15.72026
30Li AutoChina14.52025
31GAC GroupChina12.52025
32NIOChina11.32025
33XPengChina9.92025
34LeapmotorChina8.42025
35FAW CarChina8.12025
36FerrariItaly7.12025
37Hyundai Motor IndiaIndia6.42026
38JAC MotorsChina6.02025
39RivianUnited States4.72025
40Porsche SEGermany2.72025
41PolestarSweden2.72025
42KG MobilitySouth Korea2.52025
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

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 (273.9) and Ford (163.8). As of Jul 12, 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 54.7 billion euros. To the supplier ranking by revenue.

Same industry, different metric

By profitWho really earns 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 employeeEfficiency of value creation All metricsBack to the overview

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