Honda Motor Co., Ltd.
CorpDigest
Honda Motor Co., Ltd.
Financial Performance
Last reviewed: June 2026 · By Swet Parvadiya
Revenue
$145.3B
Market Cap
$55.0B
Net Income
$6.0B
Employees
194,000
In FY2025, the motorcycle division generated $4.7 billion in segment profit on $25.6 billion in revenue — an 18% margin. Just $1.7 billion profit on $100 billion in revenue. This is a $145.3 billion revenue company with 194,000 employees, led by CEO Toshihiro Mibe, that's simultaneously the world's dominant motorcycle manufacturer and a mid-tier automaker scrambling to figure out electrification. The automobile segment dominates the top line — roughly $100 billion of the $145.3 billion in FY2025 revenue — but it's the motorcycle segment that actually keeps the lights on. Automobiles generated approximately $100 billion in FY2025 revenue across the Civic, Accord, CR-V, HR-V, and Pilot families. The problem: automobile segment profit was only about $1.7 billion. On $25.6 billion in revenue, the segment delivered $4.7 billion in profit — an 18%+ margin that most automakers would kill for. And the whole thing depends on management's ability to maintain engineering quality across an absurdly broad product portfolio — from $800 scooters in Jakarta to $50,000 SUVs in Texas to $5 million business jets. Net income for FY2025 was approximately $6 billion on that $145.3 billion revenue base, with a market cap of just $55 billion — a price-to-sales ratio that screams investor skepticism about the automobile transition. Honda Motor Co. Ltd. is a Automotive and motorcycles company with $145.3B in 2025 revenue and 194K employees worldwide. Financially, Honda Motor Co. Ltd. Has $145.3B in revenue for FY2025 and a market capitalization of about $55B. In FY2025, motorcycles produced $4.7 billion in segment profit. Automobiles — which generated four times more revenue — produced only $1.7 billion. Total FY2025 revenue hit $145.3 billion, up from $136.9 billion the prior year — a 6% increase driven largely by North American SUV pricing and motorcycle volume growth in Asia. Net income was approximately $6 billion, giving Honda a net margin around 4%. The market cap tells you what investors really think: $55 billion. The motorcycle business also provides something no financial engineering can replicate: a $4.7 billion annual profit cushion that funds the automobile transition without requiring Honda to take on dangerous levels of debt or dilute shareholders. If electric two-wheeler costs in India and Southeast Asia drop below $1,200 by 2028 — and Chinese manufacturers like Yadea get there first — Honda's $4.7 billion motorcycle profit cushion starts shrinking.
Revenue Trend Analysis
YoY Change
+6.2%
8-Year CAGR
+5.6%
Peak Year
2025
Trend
Consistent Growth
Honda Motor Co., Ltd. has reported revenue across 9 fiscal years, compounding at +5.6% annually over 8 years. The most recent year saw a 6.2% increase versus the prior year. Revenue peaked in 2025 at $145.3B. Out of 8 reported periods, 6 showed growth and 2 showed a decline.
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | $145.3B | $6.0B | +6.2% |
| FY2024 | $136.9B | — | +20.8% |
| FY2023 | $113.3B | — | +16.2% |
| FY2022 | $97.5B | — | +10.5% |
| FY2021 | $88.2B | — | -11.8% |
| FY2020 | $100.0B | — | -6.0% |
| FY2019 | $106.5B | — | +3.4% |
| FY2018 | $102.9B | — | +9.7% |
| FY2017 | $93.8B | — | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.
Honda reported approximately $145.3 billion in consolidated revenue for FY2025, up from about $136.9 billion the prior year, a roughly 6% increase. Net income was around $6 billion, giving the company a net margin near 4%. The gain was driven largely by North American SUV pricing and motorcycle volume growth in Asia.
Honda's market capitalization of roughly $55 billion against $145.3 billion in FY2025 revenue implies a price-to-sales ratio of about 0.38x, meaning markets value each revenue dollar at only about 38 cents. For comparison, Toyota trades near 0.9x. The discount reflects investor skepticism about Honda's thin automobile margins and EV transition costs.
In FY2025 automobiles generated roughly $100 billion of Honda's revenue but only about $1.7 billion in segment profit, a margin near 1.7%. Motorcycles delivered about $4.7 billion in profit on roughly $25.6 billion of revenue. So the smaller motorcycle business earned nearly three times the profit of the far larger automobile business.
Honda has earmarked roughly ¥10 trillion, about $67 billion, in R&D and capital spending for electrification and software through 2030. That commitment is large relative to its roughly $6 billion in annual net income, which is why the motorcycle profit cushion matters so much. The spending pressures automobile margins during the exact period they are thinnest.
Analysts watch Honda's motorcycle segment margin as the key financial variable because that roughly 18% margin funds the automobile transition. If the margin holds above 15%, Honda retains flexibility to self-finance its EV pivot. If it falls below about 12%, the cross-subsidy model that props up the automobile division starts to break.
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CorpDigest. "Honda Motor Co., Ltd. Revenue & Financials." CorpDigest, https://corpdigest.com/company/honda-motor-co-ltd/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>Honda Motor Co., Ltd. reported $145B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/honda-motor-co-ltd/financials" target="_blank" rel="noopener">CorpDigest — Honda Motor Co., Ltd. financials</a></div>