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Volkswagen VOW3.DE · EUR
Consumer Discretionary · Automobiles · XETRA · 🇩🇪 Germany
DAXEuro Stoxx 50
70.20
+0.52%
Close of 9 Nov 2026, in EUR
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in EUR, from our data supplier.
Revenue
€321.91bn
FY2016FY2025
Net income
€7.32bn
FY2016FY2025
Free cash flow
−€9.34bn
FY2016FY2025
Shareholders' equity
€174.00bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €321.91bn | €324.66bn | €322.28bn | €279.05bn | €250.20bn | €222.88bn | €252.63bn | €235.85bn | €229.55bn | €217.27bn |
| Gross profit | €72.94bn | €61.03bn | €62.03bn | €52.57bn | €47.06bn | €39.13bn | €49.31bn | €47.51bn | €44.73bn | €42.37bn |
| Research and development | €18.43bn | €17.96bn | €15.82bn | €14.33bn | €12.79bn | €12.06bn | €13.20bn | €12.12bn | €11.61bn | €11.51bn |
| Operating income | €11.26bn | €24.39bn | €27.32bn | €21.78bn | €19.42bn | €12.37bn | €18.36bn | €18.12bn | €15.93bn | €9.23bn |
| Net income | €7.32bn | €11.35bn | €16.53bn | €15.46bn | €15.38bn | €8.87bn | €13.89bn | €12.14bn | €11.63bn | €5.37bn |
| Diluted earnings per share | 14.61 | 22.64 | 32.98 | 30.83 | 30.68 | 17.69 | 27.70 | 24.21 | 23.20 | 10.71 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | €665.79bn | €632.90bn | €600.34bn | €564.01bn | €528.61bn | €497.11bn | €488.07bn | €458.16bn | €422.19bn | €409.73bn |
| Cash and short-term investments | €68.32bn | €73.45bn | €74.91bn | €70.77bn | €66.88bn | €59.27bn | €46.01bn | €50.04bn | €38.18bn | €40.96bn |
| Total liabilities | €477.01bn | €436.17bn | €410.43bn | €385.69bn | €382.45bn | €368.33bn | €364.42bn | €340.81bn | €313.12bn | €316.82bn |
| Debt | €264.70bn | €254.08bn | €230.26bn | €203.63bn | €207.38bn | €200.75bn | €198.41bn | €190.88bn | €163.47bn | €154.82bn |
| Shareholders' equity | €174.00bn | €182.29bn | €175.69bn | €165.38bn | €144.45bn | €127.05bn | €121.78bn | €117.12bn | €108.85bn | €92.69bn |
| Shares outstanding | 501m | 501m | 501m | 501m | 501m | 501m | 501m | 501m | 501m | 501m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | €15.01bn | €17.15bn | €19.36bn | €28.50bn | €38.63bn | €24.90bn | €17.98bn | €7.27bn | −€1.19bn | €9.43bn |
| Capital spending | −€24.35bn | −€27.45bn | −€25.80bn | −€22.67bn | −€18.50bn | −€17.75bn | −€19.40bn | −€18.96bn | −€18.31bn | −€18.90bn |
| Free cash flow | −€9.34bn | −€10.29bn | −€6.44bn | €5.83bn | €20.14bn | €7.16bn | −€1.42bn | −€11.69bn | −€19.50bn | −€9.47bn |
| Dividends paid | −€4.46bn | −€5.78bn | −€11.73bn | −€4.36bn | −€3.02bn | −€2.95bn | −€2.90bn | −€2.38bn | −€1.33bn | −€364.0m |
Latest quarters
By quarter end
| Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | €75.66bn | €83.24bn | €80.31bn | €80.81bn | €77.56bn | €87.38bn | €78.48bn | €83.34bn |
| Gross profit | €12.63bn | €13.13bn | €14.47bn | €14.16bn | €13.06bn | €18.11bn | €13.32bn | €16.09bn |
| Operating income | €3.93bn | €3.71bn | €6.03bn | €5.44bn | €4.29bn | €8.40bn | €5.07bn | €7.42bn |
| Net income | €1.44bn | €3.32bn | −€482.0m | €2.33bn | €1.98bn | €3.29bn | €1.37bn | €3.08bn |
| Diluted earnings per share | 2.88 | 6.62 | -0.96 | 4.66 | 3.95 | 6.56 | 2.72 | 6.14 |
| Cash from operations | €5.21bn | €4.94bn | €6.75bn | €339.0m | €2.98bn | €5.33bn | €7.34bn | €2.72bn |
| Capital spending | −€5.03bn | −€8.17bn | −€5.36bn | −€5.73bn | −€5.09bn | −€10.09bn | −€6.18bn | −€5.56bn |
| Free cash flow | €185.0m | −€3.23bn | €1.40bn | −€5.39bn | −€2.11bn | −€4.76bn | €1.16bn | −€2.84bn |
| Total assets | €666.08bn | €665.79bn | €638.78bn | €637.68bn | €639.37bn | €632.90bn | €631.43bn | €630.39bn |
| Cash and short-term investments | €79.43bn | €68.32bn | €65.55bn | €62.91bn | €64.67bn | €73.45bn | €79.00bn | €77.83bn |
| Debt | €266.66bn | €264.70bn | €257.27bn | €255.92bn | €193.90bn | €190.60bn | €191.35bn | €195.37bn |
| Shareholders' equity | €176.16bn | €174.00bn | €169.09bn | €182.88bn | €185.59bn | €182.29bn | €177.12bn | €178.06bn |
Financial ratios
Data as of 13 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 15.9% | 18.3% | 18.9% | 18.7% | 18.9% | 17.5% |
| Operating margin | 4.1% | 5.9% | 8.0% | 6.6% | 8.8% | 4.3% |
| Net margin | 2.3% | 3.5% | 5.1% | 5.5% | 6.1% | 4.0% |
| Return on equity | 4.2% | 6.2% | 9.4% | 9.3% | 10.6% | 7.0% |
| Return on assets | 1.1% | 1.8% | 2.8% | 2.7% | 2.9% | 1.8% |
| Free cash flow yield | 96.7% | 109.6% | 110.9% | 125.7% | 140.4% | 104.8% |
| Revenue growth | -0.8% | 0.7% | 15.5% | 11.5% | 12.3% | -11.8% |
| Earnings growth | -35.5% | -31.3% | 7.0% | 0.5% | 73.5% | -36.1% |
| Current ratio | 1.12x | 1.13x | 1.16x | 1.23x | 1.22x | 1.18x |
| Debt to equity | 1.46x | 1.05x | 1.07x | 1.05x | 1.25x | 1.33x |
| Equity ratio | 26.1% | 28.8% | 29.3% | 29.3% | 27.3% | 25.6% |
| Interest coverage | 6.79x | 10.24x | 11.31x | 8.77x | 13.68x | 5.67x |
| R&D as a share of sales | 5.7% | 5.5% | 4.9% | 5.1% | 5.1% | 5.4% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.9% | 7.6% | 4.2% |
| Operating income | -19.7% | -1.9% | 6.8% |
| Net income | -22.0% | -3.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 20.7% | 19.9% | 19.5% | 19.3% |
| Operating margin | 5.5% | 6.8% | 6.8% | 6.4% |
| Net margin | 2.9% | 4.1% | 4.4% | 4.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 7.1 | 3.9 | 3.4 | 3.8 | 5.8 | 8.6 | 6.4 | 5.7 | 7.2 | 12.4 |
| Price to sales | 0.2 | 0.1 | 0.2 | 0.2 | 0.4 | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 32 years. Last went ex-dividend on 19 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 5.26 | 6.36 | 9.06 | 8.76 | 26.62 | 4.86 | 4.86 | 4.86 |
- 10-for-1 split · 6 Jul 1998
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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