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Key Figures

Interactive Key Figure Comparison

9M 2026 Key Figures Volkswagen Group

233.4

billion EUR in sales revenue

in 9M 2026, slightly below prior-year level (9M 2025: 238.7 billion EUR)

0.1

billion EUR Operating Result

in 9M 2026, compared with 5.4 billion EUR in the prior-year period

5.9

million vehicle sales in 9M 2026

11% below 9M 2025 (6.6 million vehicles)


	Q3			9M
	2026	2025	%	2026	2025	%
Volume Data¹ in thousands
Deliveries to customers (units)	1,885	2,199	-14.3	6,011	6,604	-9.0
Vehicle sales (units)	1,883	2,218	-15.1	5,880	6,581	-10.6
Production (units)	1,786	2,125	-15.9	5,957	6,644	-10.3
Employees (on Sep. 30, 2026/Dec. 31, 2025)				648.1	662.9	-2.2

Financial Data (IFRS), € million
Sales revenue	75,277	80,305	-6.3	233,378	238,669	-2.2
Operating result	-5,860	-1,299	–	71	5,408	-98.7
Operating return on sales (%)	-7.8	-1.6		0.0	2.3
Earnings before tax	-4,230	-364	–	544	6,059	-91.0
Return on sales before tax (%)	-5.6	-0.5		0.2	2.5
Earnings after tax	-5,822	-1,072	–	-2,720	3,405	–

Automotive Division
Cash flows from operating activities	4,905	8,521	-42.4	17,868	18,931	-5.6
Cash flows from investing activities attributable to operating activities²	3,678	5,374	-31.6	13,475	17,134	-21.4
Net cash flow	1,228	3,147	-61.0	4,394	1,797	+144.5
Net liquidity at Sep. 30				32,982	31,008	6.4
Investment ratio	11.5	11.4		10.9	11.4

Including the equity-accounted joint ventures in China. The prior-year deliveries have been updated based on statistical extrapolation. Excluding acquisitions and disposals of equity investments: Q3 €4,704 (5,230) million; 9M €14,090 (15,627) million.

Key figures by brand group and business field from January 1 to September 30

	Vehicle sales		Sales revenue		Operating result		Operating margin
Thousand vehicles/ € million	2026	2025	2026	2025	2026	2025	2026	2025

Core brand group	3,753	3,771	106,417	106,950	4,326	4,719	4.1	4.4
Progressive brand group	771	848	42,063	48,380	1,150	1,555	2.7	3.2
Sport Luxury brand group¹	176	198	22,143	23,833	1,493	-228	6.7	-1.0
CARIAD	-	-	1,257	960	-1,316	-1,500	–	–
Battery	-	-	237	26	-1,049	-1,054	–	–
Brand group Trucks	231	225	31,943	31,188	1,655	1,685	5.2	5.4
Equity-accounted companies in China²	1,224	1,882	–	–	–	–	–	–
Volkswagen Group Mobility	–	–	47,594	44,140	2,693	2,893	5.7	6.6
Other³	-274	-344	-18,276	-16,810	-8,881	-2,662	-	-
Volkswagen Group	5,880	6,581	233,378	238,669	71	5,408	0.0	2.3

Including Porsche Financial Services: sales revenue €25,282 (26,864) million, operating result €1,735 (40) million. 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 €-113 (744) million. 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

	2025	2024	2023¹	2022²	2021

Volume Data (thousands)
Vehicle sales (units)	9.022	9.037	9.362	8.481	8.576
Germany	1.220	1.195	1.178	1.005	973
Abroad	7.802	7.842	8.184	7.476	7.603
Production (units)	8.866	8.954	9.309	8.717	8.283
Germany	1.789	1.686	1.914	1.648	1.483
Abroad	7.077	7.267	7.395	7.069	6.800
Employees (yearly average)	667	683	676	669	668
Germany	287	295	293	289	294
Abroad	381	388	383	380	373

Financial Data (in € million)
Income Statement
Sales revenue	321.913	324.656	322.284	279.050	250.200
Cost of sales	−270.671	−265.184	−261.299	−226.866	−202.959
Gross profit	51.243	59.472	60.985	52.184	47.241
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	−4.382	1.421	1.682
Operating result	8.868	19.060	22.528	22.109	19.275
Financial result	439	−2.255	570	−40	851
Earnings before tax	9.307	16.806	23.099	22.070	20.126
Income tax expense	−2.403	−4.411	−5.237	−6.217	−4.698
Earnings after tax	6.904	12.394	17.861	15.852	15.428

Personnel expenses	49.080	49.786	49.755	47.002	43.677

Balance Sheet (at December 31)
Non-current assets	396.602	387.674	361.005	339.853	328.261
Current assets	247.865	245.231	239.644	224.159	200.347
Total assets	644.467	632.905	600.649	564.013	528.609

Equity	203.054	196.731	189.186	178.328	146.154
of which: noncontrolling interests	14.777	14.437	14.218	12.952	1.705
Non-current liabilities	214.887	219.134	205.427	202.961	218.062
Current liabilities	226.525	217.039	206.036	182.723	164.393
Total equity and liabilities	644.467	632.905	600.649	564.013	528.609

Cash flows from operating activities	15.009	17.151	19.356	28.496	38.633
Cash flows from investing activities attributable to operating activities	25.060	28.853	28.031	25.454	24.181
Cash flows from financing activities	11.918	11.140	16.008	4.225	−7.754

1) The year 2023 was adjusted.

2) The year 2022 was adjusted.