SEAT
Financial Performance
SEAT Revenue & Financials
Revenue
~$17.1B (FY2025)
Net Income
~$46.2M
Employees
13,058
What is SEAT's revenue?
SEAT had ~$17.1B in revenue for fiscal year 2025, up 4% from 2024. Net income was ~$46.2M.
- Latest revenue
- ~$17.1B (FY2025)
- Year-over-year
- +4%
- Growth rate (CAGR)
- 11.4% over 3 years
- Peak revenue
- ~$17.1B (FY2025)
- Years of data
- 4
- Employees
- 13,058
- How much profit does SEAT make?
- SEAT reported net income of ~$46.2M for fiscal year 2025. en.ara.cat
- How many employees does SEAT have?
- SEAT has about 13,058 employees.
Financial Analysis
SEAT S.A. lost money for much of the 2000s and 2010s, then reached record operating profits of ~$706 million (€625 million) in 2023 and ~$715 million (€633 million) in 2024 on the back of CUPRA. In 2025 revenue still hit a record ~$17.1 billion (€15.1 billion), but tariffs on the China-built Tavascan, sales mix and product costs pushed operating profit to about $1.13 million (€1 million) and net profit to ~$46.2 million (€40.9 million). Results recovered in the first half of 2026, with an operating result of ~$138 million (€122 million). SEAT S.A. is a major Spanish automobile manufacturer that operates entirely as a wholly-owned subsidiary of the massive German Volkswagen Group.
Revenue Trend Analysis
YoY Change
+4%
3-Year CAGR
+11.4%
Peak Year
2025
Trend
Consistent Growth
SEAT has 4 full fiscal year figures on this page, compounding at +11.4% annually over 3 years. The most recent year saw a 4% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at ~$17.1B. Of 3 comparable year-over-year steps, 3 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change | Source |
|---|---|---|---|---|
| FY2025 | ~$17.1B | ~$46.2M | +4.0% | SEAT S.A. annual results Calendar year 2025, SEAT and CUPRA combined. |
| FY2024 | ~$16.4B | ~$589.9M | +1.4% | SEAT S.A. annual results Calendar year 2024. Operating profit ~$715 million (633 million euros). |
| FY2023 | ~$16.2B | — | +31.0% | SEAT S.A. annual results Calendar year 2023. Operating profit ~$706 million (625 million euros). |
| FY2022 | ~$12.4B | — | — | SEAT S.A. annual results Calendar year 2022, as stated in the 2023 results. |
Click any row to see year details.
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SEAT Revenue and Financial FAQ
What was SEAT S.A.'s record financial performance in 2023?
In fiscal year 2023, SEAT S.A. posted the best financial results in its 73-year history: achieving an all-time record operating profit of €625 million (up from €33 million in 2022), revenue of €14.33 billion (up 31%), and an operating margin of 4.4%.
How many vehicles does SEAT S.A. deliver annually?
SEAT S.A. delivers over 500,000 to 520,000 vehicles annually across both brands, with CUPRA delivering over 320,000+ units and SEAT delivering approximately 200,000+ units.
How does CUPRA drive company revenue compared to SEAT?
Although SEAT vehicles contributed significant volume historically, CUPRA now accounts for well over 60% of total company revenue and the overwhelming majority of operating profits due to its much higher average transaction prices.
How are SEAT S.A.'s financials reported within the Volkswagen Group?
SEAT S.A. is a wholly owned subsidiary of Volkswagen AG. Its financial results are consolidated into Volkswagen Group's annual reports under the "Brand Group Core" financial segment.
What is the return on sales (operating margin) achieved by SEAT S.A.?
Following a decade of negative or break-even margins, SEAT S.A.'s operating return on sales surged to 4.4% in 2023 and has targeted long-term operating margins between 5% and 6%, propelled by high-margin electrified CUPRA models.
What was the financial investment in the "Future: Fast Forward" program?
Future: Fast Forward represents a colossal €10 billion total investment committed by SEAT S.A., Volkswagen Group, PowerCo, and partners—the largest single industrial investment in the history of Spain—funded partially through EU NextGenerationEU (PERTE) recovery funds.
How did semiconductor shortages impact SEAT's financials during 2021-2022?
During the global microchip supply crunch, management strategically prioritized allocating scarce semiconductor chips to higher-margin CUPRA models over lower-margin SEAT models, accelerating CUPRA's revenue dominance and protecting bottom-line profitability.
What is the average transaction price (ASP) difference between SEAT and CUPRA?
The average selling price for a CUPRA vehicle exceeds €35,000 to €45,000 across Europe (reaching €50,000+ for the Tavascan), compared to approximately €20,000 to €25,000 for core SEAT models like the Ibiza and Arona.
How did the COVID-19 pandemic affect SEAT's balance sheet?
In 2020, factory shutdowns and European dealership closures resulted in an operating loss of €418 million. However, aggressive cost-control measures and the successful ramp of the CUPRA Formentor produced a rapid V-shaped recovery by 2022-2023.
What are SEAT S.A.'s primary capital expenditure commitments?
Capex is concentrated on converting Martorell Assembly Line 1 for small electric vehicle production, installing robotic welding and battery pack assembly systems, and expanding digital R&D at the Martorell Design Centre.
How do EU tariffs on Chinese EV imports affect SEAT's financial results?
Because the CUPRA Tavascan electric SUV is manufactured at the Volkswagen plant in Anhui, China, EU provisional countervailing tariffs (around 20%) impact its import economics, prompting management to negotiate duty adjustments to protect model profitability.
What is SEAT S.A.'s contribution to the Spanish economy?
SEAT S.A. is Spain's premier industrial exporter, generating approximately 3% of Spain's total exports of goods and supporting over 14,000 direct employees and over 100,000 indirect automotive supplier jobs across Catalonia and Spain.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "SEAT Revenue & Financials." CorpDigest, https://corpdigest.com/company/seat/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>SEAT reported ~$17.1B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/seat/financials" target="_blank" rel="noopener">CorpDigest — SEAT financials</a></div>Related Financial Audits
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