Honda Motor Co., Ltd.
Financial Performance
Honda Revenue & Financials
Revenue
~$146B (FY2026)
Market Cap
$50.3B
Employees
195,109
What is Honda's revenue?
Honda had ~$146B in revenue for fiscal year 2026, up 0.5% from 2025. It reported a net loss of ~$2.8B.
- Latest revenue
- ~$146B (FY2026)
- Year-over-year
- +0.5%
- Growth rate (CAGR)
- 4.1% over 10 years
- Peak revenue
- ~$146B (FY2026)
- Years of data
- 11
- Employees
- 195,109
- How much profit does Honda make?
- Honda reported a net loss of ~$2.8B for fiscal year 2026. global.honda
- How many employees does Honda have?
- Honda has about 195,109 employees.
Financial Analysis
Honda's revenue rose from ~$97.5 billion (JPY 14.55 trillion) in FY2022 to ~$145 billion (JPY 21.69 trillion) in FY2025 as a weaker yen and strong US hybrid demand lifted results. FY2026 revenue edged up to $146 billion (JPY 21.80 trillion), but EV charges of ~$10.6 billion (JPY 1.58 trillion) produced a ~$2.78 billion (JPY 414.3 billion) operating loss and a ~$2.84 billion (JPY 423.9 billion) net loss. Without those charges, adjusted operating profit was ~$6.97 billion (JPY 1.04 trillion). In Q1 FY2027 (April to June 2026) operating profit hit a record ~$3.56 billion (JPY 530.7 billion) and net profit was ~$3.02 billion (JPY 450.9 billion), and Honda raised its FY2027 net profit forecast to ~$2.68 billion (JPY 400 billion). Honda Motor Co., Ltd. is a monumental Japanese public multinational conglomerate, renowned globally and commanding a market valuation typically exceeding $50 billion.
Revenue Trend Analysis
YoY Change
+0.5%
10-Year CAGR
+4.1%
Peak Year
2026
Trend
Mostly Growing
Honda Motor Co., Ltd. has 11 full fiscal year figures on this page, compounding at +4.1% annually over 10 years. The most recent year saw a 0.5% increase versus the prior year. Annual revenue peaked in fiscal year 2026 at ~$146B. Of 10 comparable year-over-year steps, 7 showed growth and 3 showed a decline.
Annual revenue history
Click any row to see year details.
Honda Motor Co., Ltd. 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 20-F, 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 Mar 31, 2025 | ~$2B | ~$3.4B | ~$206.2B | ~$121.6B | ~$82.6B | -~$1.5B | Form 20-F |
| FY2024ended Mar 31, 2024 | ~$5B | ~$2.3B | ~$199.5B | ~$112.3B | ~$85.1B | ~$2.7B | Form 20-F |
| FY2023ended Mar 31, 2023 | ~$14.3B | ~$3.2B | ~$165.3B | ~$88.2B | ~$74.9B | ~$11.1B | Form 20-F |
| FY2022ended Mar 31, 2022 | ~$11.3B | ~$1.8B | ~$160.6B | ~$88.4B | ~$70.2B | ~$9.5B | Form 20-F |
| FY2021ended Mar 31, 2021 | ~$7.2B | ~$2.1B | ~$146.9B | ~$84.1B | ~$60.9B | ~$5.1B | Form 20-F |
| FY2020ended Mar 31, 2020 | ~$6.6B | ~$2.5B | ~$137.1B | ~$81.6B | ~$53.7B | ~$4.1B | Form 20-F |
| FY2019ended Mar 31, 2019 | ~$5.2B | ~$2.8B | ~$136.8B | ~$79.4B | ~$55.4B | ~$2.4B | Form 20-F |
| FY2018ended Mar 31, 2018 | ~$6.6B | ~$2.8B | ~$129.6B | ~$74.5B | ~$53.2B | ~$3.8B | Form 20-F |
| FY2017ended Mar 31, 2017 | ~$5.9B | ~$3.3B | ~$127B | ~$76.3B | ~$48.9B | ~$2.6B | Form 20-F |
| FY2016ended Mar 31, 2016 | ~$9.3B | ~$4.3B | ~$122.1B | — | — | ~$5.1B | Form 20-F |
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Honda Revenue and Financial FAQ
What are the primary financial drivers of Honda Motor Co.'s top-line revenue?
Honda's consolidated revenues are driven by global vehicle unit sales volumes (especially CR-V and Civic in North America, and two-wheelers across India and ASEAN), net vehicle pricing realization, model mix (higher-trim SUVs and hybrids), financing receivables growth, and foreign exchange translation effects.
How does foreign exchange volatility (Japanese Yen vs. US Dollar) impact Honda's earnings?
Because Honda reports financial results in Japanese Yen (JPY) while generating a substantial portion of sales and operating profits in North America (USD), a weakening Yen significantly boosts converted yen revenues and operating profits, while a strengthening Yen compresses reported margins.
What is Honda's capital allocation strategy regarding shareholder returns and R&D?
Honda balances R&D and capital spending with dividends and share buybacks. After its EV reset in 2026 it scaled back EV investment, scrapped its 2030 and 2040 EV targets and shifted spending toward hybrids, while keeping its dividend in FY2026 despite the net loss.
How does Honda finance its multi-billion-dollar electric vehicle transition?
Honda finances its EV transformation through the strong, recurring cash flows generated by its highly profitable global motorcycle division and expanding hybrid-electric vehicle (e:HEV) sales, supplemented by green bond issuances and joint-venture capital sharing with battery partners.
What operating profit margin targets does Honda maintain for its core businesses?
Honda does not currently publish a fixed group margin target. For FY2027 it forecasts ~$4.36 billion (JPY 650 billion) operating profit on ~$162 billion (JPY 24.15 trillion) revenue, about a 2.7% margin including EV losses, and ~$7.84 billion (JPY 1.17 trillion) adjusted operating profit excluding EV losses. The motorcycle business earns the highest margins in the group.
How does Honda report research and development (R&D) expenditures in its financial statements?
Honda invests heavily in advanced R&D, expensing the majority of R&D costs annually as incurred under International Financial Reporting Standards (IFRS). Key R&D investment areas include solid-state battery chemistry, software-defined vehicle operating systems, autonomous driving algorithms, and fuel cell technologies.
What role do hybrid vehicle (e:HEV) sales play in Honda's financial bridge to full electrification?
Honda's two-motor hybrid system (e:HEV) in models like the CR-V, Accord, and Civic delivers strong profit margins and strong consumer demand. These hybrid sales generate vital revenue and cash flow, bridging the commercial transition while full battery-electric vehicle infrastructure and adoption mature.
How does Honda manage balance sheet debt within its Financial Services subsidiary?
Honda's financial services debt is backed by high-quality retail automotive loans and vehicle lease receivables. The debt is managed separately from the industrial manufacturing balance sheet, maintaining strong investment-grade credit ratings from global rating agencies (Moody's and S&P).
Is Honda profitable?
Incredibly so, but not always where you think. While the automobile division (Civic/CR-V) is highly competitive with thin margins, Honda's absolute cash cow is motorcycles. They have a massive, near-monopoly stranglehold on two-wheel transportation in India, Indonesia, and Vietnam, generating billions in pure profit.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Honda 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 reported ~$146B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/honda-motor-co-ltd/financials" target="_blank" rel="noopener">CorpDigest — Honda financials</a></div>Related Financial Audits
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