General Motors Company
Financial Performance
General Motors Revenue & Financials
Revenue
$185B (FY2025)
Market Cap
$74.9B
Net Income
$2.7B
Employees
155,000
What is General Motors's revenue?
General Motors had $185B in revenue for fiscal year 2025, down 1.3% from 2024. Net income was $2.7B.
- Latest revenue
- $185B (FY2025)
- Year-over-year
- -1.3%
- Growth rate (CAGR)
- 2.4% over 9 years
- Peak revenue
- $187.4B (FY2024)
- Years of data
- 10
- Employees
- 155,000
- What is General Motors's operating income?
- General Motors reported operating income of $2.9B for fiscal year 2025. sec.gov
- How much profit does General Motors make?
- General Motors reported net income of $2.7B for fiscal year 2025. sec.gov
- How many employees does General Motors have?
- General Motors has about 155,000 employees.
Financial Analysis
GM's finances are funded by internal-combustion trucks and SUVs. In 2025 it generated $185.0 billion of revenue, $12.7 billion of EBIT-adjusted, and $10.6 billion of adjusted automotive free cash flow, but EV write-downs cut net income attributable to stockholders 55% to $2.7 billion. Q1 2026 revenue was $43.6 billion with $2.6 billion of net income; Q2 2026 revenue was $48.0 billion with $1.3 billion of net income, $3.9 billion of EBIT-adjusted, and North America margins back inside GM's 8-10% target. GM returns large amounts of cash to shareholders and approved a new $6.0 billion buyback alongside a 20% higher quarterly dividend in January 2026. General Motors holds a market valuation of roughly $50 billion, maintaining its legacy as one of the "Big Three" American automakers.
Revenue Trend Analysis
YoY Change
-1.3%
9-Year CAGR
+2.4%
Peak Year
2024
Trend
Mostly Growing
General Motors Company has 10 full fiscal year figures on this page, compounding at +2.4% annually over 9 years. The most recent year saw a 1.3% decline versus the prior year. Annual revenue peaked in fiscal year 2024 at $187.4B. Of 9 comparable year-over-year steps, 5 showed growth and 4 showed a decline.
Annual revenue history
Click any row to see year details.
General Motors Company balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $26.9B | $9.3B | $281.3B | $218.1B | $61.1B | $17.6B | Form 10-K |
| FY2024ended Dec 31, 2024 | $20.1B | $10.8B | $279.8B | $214.2B | $63.1B | $9.3B | Form 10-K |
| FY2023ended Dec 31, 2023 | $20.9B | $11B | $273.1B | $204.8B | $64.3B | $10B | Form 10-K |
| FY2022ended Dec 31, 2022 | $16B | $9.2B | $264B | $191.8B | $67.8B | $6.8B | Form 10-K |
| FY2021ended Dec 31, 2021 | $15.2B | $7.5B | $244.7B | $178.9B | $59.7B | $7.7B | Form 10-K |
| FY2020ended Dec 31, 2020 | $16.7B | $5.3B | $235.2B | $185.5B | $45B | $11.4B | Form 10-K |
| FY2019ended Dec 31, 2019 | $15B | $7.6B | $228B | $182.1B | $41.8B | $7.4B | Form 10-K |
| FY2018ended Dec 31, 2018 | $15.3B | $8.8B | $227.3B | $184.6B | $38.9B | $6.5B | Form 10-K |
| FY2017ended Dec 31, 2017 | $17.3B | $8.5B | $212.5B | $176.3B | $35B | $8.9B | Form 10-K |
| FY2016ended Dec 31, 2016 | $16.6B | $8.4B | $221.7B | $177.6B | $43.8B | $8.2B | Form 10-K |
Keep researching General Motors
General Motors Revenue and Financial FAQ
What is the typical annual revenue magnitude and operating margin profile of General Motors?
General Motors Company reported revenue of $185.0 billion for fiscal year 2025, down from $187.4 billion in fiscal 2024. The company targets adjusted EBIT margins of 8% to 10% across its core automotive operations, buoyed by GM Financial dividend contributions.
How does GM Financial contribute to General Motors' consolidated balance sheet and cash flows?
GM Financial manages over $100 billion in earning assets, contributing stable quarterly operating income of $3 billion to $4 billion annually. It distributes substantial cash dividends back to the parent company, supplementing automotive free cash flow generation and providing liquidity support.
What is General Motors' capital allocation framework regarding share repurchases and dividends?
GM balances investment in long-term EV/AV innovation with disciplined shareholder returns, deploying multi-billion-dollar accelerated share repurchase (ASR) programs to retire outstanding common shares alongside steady, sustainable quarterly cash dividend payouts.
How does General Motors manage its automotive debt maturities and liquidity reserves?
GM maintains an investment-grade credit rating supported by strong automotive liquidity, typically holding $20 billion to $30 billion in available cash, marketable securities, and undrawn revolving credit facilities to insulate against macroeconomic cyclicality and industry downturns.
What financial impact do warranty claims and vehicle safety recalls have on GM's earnings?
Warranty and recall expenses are accrued against gross automotive margins based on historical claim trends and engineering estimates. Major isolated recall campaigns (such as battery replacements or airbag inflators) result in pre-tax warranty charges that can temporarily compress quarterly automotive operating earnings.
How do raw material commodity price fluctuations affect General Motors' manufacturing profitability?
Commodity inflation in steel, aluminum, copper, lithium, and battery-grade nickel increases bill-of-materials costs per vehicle. GM mitigates commodity volatility through long-term supplier procurement contracts, financial derivative hedges, and engineering design optimizations that reduce precious metal usage.
What are General Motors' primary research and development (R&D) expenditure areas?
GM allocates billions annually in R&D toward Ultium battery cell chemistry improvements, next-generation motor designs, vehicle software architecture (Ultifi platform), hands-free autonomous software algorithms, vehicle cybersecurity, and aerodynamic efficiency improvements across commercial and consumer lines.
How does General Motors report the financial performance of its Cruise autonomous driving unit?
Cruise is reported as a distinct operating segment within GM's financial disclosures. Cruise incurs significant annual operational and developmental expenditures as it builds out robotaxi hardware, commercial software stacks, mapping infrastructure, and fleet depot management systems.
Did the government bail out General Motors?
Yes. In 2009, crippled by massive legacy union pensions and plunging sales, GM went completely bankrupt. The US government executed a highly controversial $50 billion bailout (dubbed "Government Motors"), forcing a massive restructuring that ultimately saved the company and allowed it to become highly profitable again.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "General Motors Revenue & Financials." CorpDigest, https://corpdigest.com/company/general-motors/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>General Motors reported $185B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/general-motors/financials" target="_blank" rel="noopener">CorpDigest — General Motors financials</a></div>Related Financial Audits
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