Mercedes-Benz Group AG
Financial Performance
Mercedes-Benz Revenue & Financials
Revenue
~$149.4B (FY2025)
Market Cap
$53B
Net Income
~$5.8B
Employees
164,120
What is Mercedes-Benz's revenue?
Mercedes-Benz had ~$149.4B in revenue for fiscal year 2025, down 9.2% from 2024. Net income was ~$5.8B.
- Latest revenue
- ~$149.4B (FY2025)
- Year-over-year
- -9.2%
- Growth rate (CAGR)
- -0.3% over 4 years
- Peak revenue
- ~$172.2B (FY2023)
- Years of data
- 5
- Employees
- 164,120
- How much profit does Mercedes-Benz make?
- Mercedes-Benz reported net income of ~$5.8B for fiscal year 2025. stockanalysis.com
- How many employees does Mercedes-Benz have?
- Mercedes-Benz has about 164,120 employees.
Financial Analysis
Revenue peaked at ~$173 billion (€153.2 billion) in 2023, then fell to ~$165 billion (€145.6 billion) in 2024 and ~$149 billion (€132.2 billion) in 2025. Net profit dropped from about $16.2 billion (€14.3 billion) in 2023 to about $5.99 billion (€5.3 billion) in 2025, and the Cars adjusted return on sales fell to 5.0%. Cash generation held up better: industrial free cash flow was ~$6.1 billion (€5.4 billion) in 2025 and net industrial liquidity stood at ~$34.4 billion (€30.4 billion) at the end of June 2026. In Q2 2026, revenue was ~$36.3 billion (€32.1 billion) (down 3%), Group EBIT rose 22% to ~$1.69 billion (€1.5 billion), adjusted EBIT was ~$2.6 billion (€2.3 billion), and Financial Services adjusted EBIT rose 70% to ~$556 million (€492 million). Mercedes-Benz Group AG holds a market valuation consistently over $80 billion, recognized globally for its premium luxury vehicles.
Revenue Trend Analysis
YoY Change
-9.2%
4-Year CAGR
-0.3%
Peak Year
2023
Trend
Mostly Growing
Mercedes-Benz Group AG has 5 full fiscal year figures on this page, compounding at -0.3% annually over 4 years. The most recent year saw a 9.2% decline versus the prior year. Annual revenue peaked in fiscal year 2023 at ~$172.2B. Of 4 comparable year-over-year steps, 2 showed growth and 2 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2025 | ~$149.4B | ~$5.8B | -9.2% | Mercedes-Benz Group AG (ETR:MBG) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2025-12-31. |
| FY2024 | ~$164.5B | ~$11.5B | -4.5% | Mercedes-Benz Group AG (ETR:MBG) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2024-12-31. |
| FY2023 | ~$172.2B | ~$16.1B | +1.6% | Mercedes-Benz Group AG (ETR:MBG) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2023-12-31. |
| FY2022 | ~$169.5B | ~$16.4B | +12.0% | Mercedes-Benz Group AG (ETR:MBG) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2022-12-31. |
| FY2021 | ~$151.3B | ~$26B | — | Mercedes-Benz Group AG (ETR:MBG) annual reports, as compiled by S&P Global (via StockAnalysis) Fiscal year ended 2021-12-31. |
Click any row to see year details.
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Mercedes-Benz Revenue and Financial FAQ
What was Mercedes-Benz revenue in 2025?
Mercedes-Benz Group revenue was ~$149 billion (€132.2 billion) in 2025, down 9.2% from ~$165 billion (€145.6 billion) in 2024. Adjusted EBIT was ~$9.27 billion (€8.2 billion) and net profit about $5.99 billion (€5.3 billion).
What was Mercedes-Benz revenue in Q2 2026?
Q2 2026 revenue was ~$36.3 billion (€32.1 billion), down 3% year on year. Group EBIT rose 22% to ~$1.69 billion (€1.5 billion), adjusted EBIT reached ~$2.6 billion (€2.3 billion), and industrial free cash flow was ~$1.24 billion (€1.1 billion).
What are Mercedes-Benz profit margins by segment?
In 2025, Mercedes-Benz Cars posted a 5.0% adjusted return on sales, Vans 10.2%, and Financial Services a 9.7% adjusted return on equity. In Q2 2026 Cars were at 4.0% and Vans at 10.2%.
What dividend does Mercedes-Benz pay?
For fiscal 2025 the Board proposed a dividend of €3.50 per share, and the company said its total shareholder return in 2025 exceeded 20% including buybacks.
How much cash does Mercedes-Benz have?
Industrial free cash flow was ~$6.1 billion (€5.4 billion) in 2025, and net industrial liquidity was ~$34.4 billion (€30.4 billion) at the end of June 2026.
What is Mercedes-Benz guidance for 2026?
Mercedes-Benz guides to a Cars adjusted return on sales of 3-5%, Cars unit sales and Group revenue slightly below 2025, a 23-25% electrified share of Cars sales, and a 12-14% adjusted return on equity at Financial Services.
How profitable is Mercedes-Benz compared to volume automakers?
Mercedes-Benz targets a double-digit adjusted Return on Sales (RoS) between 10% and 14% in its car division during favorable economic cycles. By shifting product mix toward flagship AMG, Maybach, and G-Class vehicles—which carry gross margins estimated above 30%—the company generates billions in free cash flow even when overall global vehicle unit sales volume remains flat or declines.
Why did Mercedes-Benz spin off Daimler Truck in 2021?
In December 2021, Daimler executed the historic spinoff and independent listing of Daimler Truck Holding AG. Historically, passenger luxury cars and commercial heavy trucks shared zero industrial synergies and suffered from a conglomerate discount. Splitting the businesses allowed Mercedes-Benz to trade as a focused pure-play luxury automotive titan with superior valuation multiples and separate capital allocation priorities.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Mercedes-Benz Revenue & Financials." CorpDigest, https://corpdigest.com/company/mercedes-benz/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>Mercedes-Benz reported ~$149.4B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/mercedes-benz/financials" target="_blank" rel="noopener">CorpDigest — Mercedes-Benz financials</a></div>Related Financial Audits
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