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Investors>Why invest in the Volkswagen Group?

Key Figures

Interactive Key Figure Comparison

2025 Key Figures Volkswagen Group

321.9
billion EUR sales revenue
in 2025, on prior-year level (2024: EUR 324.7 billion)
8.9
billion EUR Operating Result
in 2025, 53% below 2024 (EUR 19.1 billion); Operating Margin of 2.8%
9.0
million vehicle sales
in 2025 on prior-year level

Q4

FY

2025

2024

%

2025

2024

%

Volume Data1 in thousands





Deliveries to customers (units)

2,380

2,502

-4.9

8,984

9,027

– 0.5

Vehicle sales (units)

2,441

2,574

-5.1

9,022

9,037

-0.2

Production (units)

2,222

2,322

-4.3

8,866

8,954

-1.0

Employees (on Dec. 31)


662.9

679.5

-2.4







Financial Data (IFRS), € million





Sales revenue

83,245

87,377

-4.7

321,913

324,656

-0.8

Operating result

3,460

6,248

-44.6

8,868

19,060

–53.5

Operating return on sales (%)

4.2

7.2

2.8

5.9

Earnings before tax

3,248

4,398

-26.1

9,307

16,806

–44.6

Return on sales before tax (%)

3.9

5.0

2.9

5.2

Earnings after tax

3,499

3,558

-1.7

6,904

12,394

–44.3







Automotive Division2





Cash flows from operating activities

12,475

12,754

-2.2

31,406

34,263

– 8.3

Cash flows from investing activities attributable to operating activities3

7,826

10,944

-28.5

24,961

29,077

- 14.2

Net cash flow

4,649

1,811

+156.8

6,445

5,186

24.3

Net liquidity at Dec. 31


34,497

34,414

0.2

Investment ratio

13.0

14.5

11.8

13.0

1) The figures also include the equity-accounted Chinese joint ventures. Prior-year deliveries have been updated to reflect subsequent statistical trends.

2) Values correspond to the reporting structure applicable since 2025.

3) Excluding acquisition and disposal of equity investments: Q4 EUR 7,835 (9,605) million, January to December EUR 23,462 (26,487) million.

Key figures by brand group and business field from January 1 to December 31


Vehicle sales

Sales revenue

Operating result

Operating margin

Thousand vehicles/
€ million

2025

2024

2025

2024

2025

2024

2025

2024









Core brand group

5,125

4,960

145,202

140,004

6,821

6,961

4.7

5.0

Progressive brand group

1,145

1,123

65,503

64,532

3,371

3,903

5.1

6.0

Sport Luxury brand group1

266

313

32,185

36,438

90

5,286

0.3

14.5

CARIAD

–

–

1,775

1,327

-2,180

-2,431

–

–

Battery

–

–

30

8

-1,386

-1,053

–

–

TRATON Commercial Vehicles

306

335

42,540

46,183

2,411

4,204

5.7

9.1

Equity-accounted companies in China2

2,588

2,742

–

–

–

–

–

–

Volkswagen Group Mobility

–

–

57,769

54,806

3,451

3,000

6.0

5.5

Other3

-407

-435

-23,092

-18,643

-3,314

-401

-14.4

-2.2

Volkswagen Group

9,022

9,037

321,913

324,656

8,868

19,060

2.8

5.9

1) Including Porsche Financial Services: sales revenue EUR 36,272 (40,083) million, operating result EUR 413 (5,637) million.

2) The sales revenue and operating result of the equity-accounted companies in China are not included in the consolidated figures; the share of the operating result generated by these companies amounted to EUR 958 (1,742) million.

3) In the operating result, mainly intragroup items recognized in profit or loss, in particular from the elimination of intercompany profits; the figure includes depreciation and amortization of identifiable assets as part of purchase price allocation, as well as companies not allocated to the brands.

Five-Year Review


2025202420231202222021






Volume Data (thousands)




Vehicle sales (units)9.0229.0379.3628.4818.576
Germany1.2201.1951.1781.005973
Abroad7.8027.8428.1847.4767.603
Production (units)8.8668.9549.3098.7178.283
Germany1.7891.6861.9141.6481.483
Abroad7.0777.2677.3957.0696.800
Employees (yearly average)667683676669668
Germany287295293289294
Abroad381388383380373






Financial Data (in € million)




Income Statement




Sales revenue321.913324.656322.284279.050250.200
Cost of sales−270.671−265.184−261.299−226.866−202.959
Gross profit51.24359.47260.98552.18447.241
Distribution expenses−22.804−22.320−21.345−19.840−19.228
Administrative expenses−12.541−12.754−12.729−11.655−10.420
Net other operating result−7.029−5.338−4.3821.4211.682
Operating result8.86819.06022.52822.10919.275
Financial result439−2.255570−40851
Earnings before tax9.30716.80623.09922.07020.126
Income tax expense−2.403−4.411−5.237−6.217−4.698
Earnings after tax6.90412.39417.86115.85215.428






Personnel expenses49.08049.78649.75547.00243.677






Balance Sheet (at December 31)




Non-current assets396.602387.674361.005339.853328.261
Current assets247.865245.231239.644224.159200.347
Total assets644.467632.905600.649564.013528.609






Equity203.054196.731189.186178.328146.154
of which: noncontrolling interests14.77714.43714.21812.9521.705
Non-current liabilities214.887219.134205.427202.961218.062
Current liabilities226.525217.039206.036182.723164.393
Total equity and liabilities644.467632.905600.649564.013528.609






Cash flows from operating activities15.00917.15119.35628.49638.633
Cash flows from investing activities attributable to
operating activities		25.06028.85328.03125.45424.181
Cash flows from financing activities11.91811.14016.0084.225−7.754

1) The year 2023 was adjusted.

2) The year 2022 was adjusted.

The specified fuel consumption and emission data does not refer to a single vehicle and is not part of the offer but is only intended for comparison between different types of vehicles. Additional equipment and accessories (additional components, tyre formats, etc.) can alter relevant vehicle parameters such as weight, rolling resistance and aerodynamics, affecting the vehicle's fuel consumption, power consumption, CO₂ emissions and driving performance values in addition to weather and traffic conditions and individual driving behavior. Further information on official fuel consumption data and official specific CO₂ emissions for new passenger cars can be found in the "Guide to fuel economy, CO₂ emissions and power consumption for new passenger car models", which is available free of charge from all sales dealerships and from DAT Deutsche Automobil Treuhand GmbH, Hellmuth-Hirth-Str. 1, D-73760 Ostfildern, Germany and at www.dat.de/co2.