BYD Company Ltd
Financial Performance
BYD Revenue & Financials
Revenue
~$111.8B (FY2025)
Market Cap
$113.4B
Net Income
~$4.5B
Employees
911,900
What is BYD's revenue?
BYD had ~$111.8B in revenue for fiscal year 2025, up 3.5% from 2024. Net income was ~$4.5B.
- Latest revenue
- ~$111.8B (FY2025)
- Year-over-year
- +3.5%
- Growth rate (CAGR)
- 29.7% over 7 years
- Peak revenue
- ~$111.8B (FY2025)
- Years of data
- 8
- Employees
- 911,900
- What is BYD's operating income?
- BYD reported operating income of ~$5.6B for fiscal year 2025. www1.hkexnews.hk
- How much profit does BYD make?
- BYD reported net income of ~$4.5B for fiscal year 2025. www1.hkexnews.hk
- How many employees does BYD have?
- BYD has about 911,900 employees.
Financial Analysis
BYD's FY2025 annual report records RMB803.965 billion of revenue, up 3.46% from RMB777.102 billion in 2024. Profit attributable to parent shareholders fell 18.97%, from RMB40.254 billion to RMB32.619 billion. Gross margin declined from 19.44% to 17.74%; BYD attributed the margin change mainly to its product mix. Operating cash inflow fell from RMB133.454 billion to RMB59.136 billion, while cash paid to purchase and construct fixed assets, intangible assets and other long-term assets rose from RMB97.360 billion to RMB156.808 billion. These are reported RMB amounts, without a changing USD conversion or a company-defined free-cash-flow figure. The FY2025 business review assigns approximately RMB648.646 billion (80.68%) of revenue to automobiles, related products and other products, and RMB155.237 billion (19.31%) to mobile handset components, assembly and other products. These broad reporting segments include more than passenger cars or phones. The unaudited H1 2026 interim report records RMB344.815 billion of revenue, down 7.13% year on year, and RMB12.325 billion of profit attributable to shareholders, down 20.54%. Overseas customer revenue was RMB181.268 billion (52.6% of total), compared with RMB163.547 billion from the PRC including Hong Kong, Macau and Taiwan. Revenue geography is based on customer location; it is not a count of vehicles exported. H1 operating cash inflow was RMB37.335 billion versus RMB31.833 billion a year earlier.
Sources for this analysis
Revenue Trend Analysis
YoY Change
+3.5%
7-Year CAGR
+29.7%
Peak Year
2025
Trend
Consistent Growth
BYD Company Ltd has 8 full fiscal year figures on this page, compounding at +29.7% annually over 7 years. The most recent year saw a 3.5% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at ~$111.8B. Of 7 comparable year-over-year steps, 6 showed growth and 1 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | ~$111.8B | ~$5.6B | ~$4.5B | +3.5% | BYD Company Limited 2025 Annual Report, consolidated statements and five-year financial highlights Fiscal year ended 2025-12-31. RMB figures are from BYD's consolidated statements; net income is profit attributable to parent shareholders. Revenue rose 3.46% year over year. |
| FY2024 | ~$108B | ~$7B | ~$5.6B | +29.0% | BYD Company Limited 2025 Annual Report, FY2024 comparative Fiscal year ended 2024-12-31. FY2024 comparative as presented in BYD's FY2025 annual report. Net income is profit attributable to parent shareholders. |
| FY2023 | ~$83.7B | ~$5.1Bfiling | ~$4.2B | +42.0% | BYD Company Limited 2025 Annual Report, five-year financial highlights (2023 restated); operating income from StockAnalysis Fiscal year ended 2023-12-31. Revenue and profit attributable to parent shareholders are the restated comparatives in the FY2025 annual report. |
| FY2022 | ~$58.9B | ~$2.9Bfiling | ~$2.3B | +96.2% | BYD Company Limited 2025 Annual Report, five-year financial highlights (2022 restated); operating income from StockAnalysis Fiscal year ended 2022-12-31. Revenue and profit attributable to parent shareholders are the restated comparatives in the FY2025 annual report. |
| FY2021 | ~$30B | ~$640.8Mfiling | ~$423.3M | +38.0% | BYD Company Limited 2025 Annual Report, five-year financial highlights (2021 restated); operating income from StockAnalysis Fiscal year ended 2021-12-31. Revenue and profit attributable to parent shareholders are the restated comparatives in the FY2025 annual report. |
| FY2020 | ~$21.8B | — | ~$588M | +22.6% | BYD 2020 annual results, as reported by InsideEVs Fiscal year ended 2020-12-31. Revenue up about 22.6%; profit helped by face-mask production during COVID-19. |
| FY2019 | ~$17.8B | — | ~$223.8M | -1.8% | BYD 2019 annual results, as reported by Reuters (via ETAuto) Fiscal year ended 2019-12-31. Revenue down 1.8% and profit down 42% after China cut EV subsidies. |
| FY2018 | ~$18.1B | — | ~$386.4M | — | BYD 2018 and 2019 annual results, as reported by Reuters (via ETAuto) Fiscal year ended 2018-12-31. Net profit attributable to shareholders. |
Click any row to see year details.
Keep researching BYD
BYD Revenue and Financial FAQ
What did BYD report for revenue, operating profit and assets in 2025?
BYD's FY2025 annual report gives RMB803.965 billion in revenue, RMB40.185 billion in operating profit and RMB883.730 billion in total assets at 31 December. Profit attributable to parent shareholders was RMB32.619 billion; that is a different measure from operating profit.
How did BYD's 2025 results compare with 2024?
Revenue rose 3.46%, from RMB777.102 billion in 2024 to RMB803.965 billion in 2025. Profit attributable to parent shareholders fell 18.97%, from RMB40.254 billion to RMB32.619 billion. The comparison uses the 2024 figures in BYD's FY2025 annual report.
How did BYD perform in the first half of 2026?
For the six months ended 30 June 2026, unaudited revenue fell 7.13% to RMB344.815 billion and profit attributable to parent shareholders fell 20.54% to RMB12.325 billion. Gross profit was RMB64.989 billion and reported earnings per share were RMB1.35. This is a half-year period, not FY2026.
How much of BYD's revenue comes from outside China?
In H1 2026, BYD reported RMB181.268 billion of revenue from overseas customers, 52.6% of total revenue, versus RMB163.547 billion from the PRC including Hong Kong, Macau and Taiwan. The report attributes revenue by customer location; it is not a vehicle-export count.
What are BYD's business segments?
BYD's FY2025 business review reports about RMB648.646 billion (80.68%) from automobiles, related products and other products, and RMB155.237 billion (19.31%) from mobile handset components, assembly and other products. The categories include batteries and other businesses, not just vehicle or phone sales.
How fast has BYD's revenue grown?
BYD's annual report lists RMB216.142 billion in 2021, RMB424.061 billion in 2022, RMB602.315 billion in 2023, RMB777.102 billion in 2024 and RMB803.965 billion in 2025. H1 2026 revenue was RMB344.815 billion, down 7.13% from the comparable half-year; it should not be compared directly with a full year.
What is BYD's profit margin?
BYD's FY2025 annual report reports a 17.74% gross margin, down from 19.44% in 2024, and a 4.1% net profit margin. The lower gross margin was attributed mainly to a change in product mix.
What is BYD's cash flow?
BYD's FY2025 cash-flow statement reports RMB59.136 billion of net operating cash inflow, down from RMB133.454 billion in 2024. It separately reports RMB156.808 billion paid to purchase and construct fixed assets, intangible assets and other long-term assets. Subtracting those amounts gives about negative RMB97.672 billion, but BYD does not label that difference as a company-defined free-cash-flow measure.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "BYD Revenue & Financials." CorpDigest, https://corpdigest.com/company/byd/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>BYD reported ~$111.8B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/byd/financials" target="_blank" rel="noopener">CorpDigest — BYD financials</a></div>Related Financial Audits
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