Volkswagen AG (Vz) VOW3.DE
Half-year and annual results for Volkswagen AG (Vz) stock (VOW3.DE) since 2023: revenue, earnings, balance sheet, cash flow and management guidance from IR documents, every figure with its source. As of 07/2026, half-year reporting. Latest reported (H1 2026): Operating return on sales, R&D ratio, Equity ratio. Latest reading: Profitable on all levels.
Profitable on all levels
Published by Michael Wirl · About us · Methodology
The new quarter, monitored by AI. · We follow every stock through its original filings: the latest figures against their history, guidance against actuals; neutral, continuously updated, every figure clickable with its source.
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Verify yourselfFigures are extracted automatically, errors are possible. Every figure is clickable with its source; the issuer's original documents are always authoritative.
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AI research · This page works as a source-backed data basis for further research with AI assistants such as Claude; every figure remains verifiable via the source links.
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Business Model#
What the company does and how it earns its money; written AI-editorially, exclusively from the company's original reports, without any assessment of our own.
Volkswagen AG is the holding company of the Volkswagen Group, one of the world's largest automotive manufacturers measured by global vehicle deliveries. The Group develops, manufactures, and sells passenger cars, light commercial vehicles, and heavy trucks and buses under brands including Volkswagen Passenger Cars, Audi, Porsche, SKODA, SEAT, CUPRA, Lamborghini, Bentley, MAN, Scania, and TRATON, operating across Europe, North America, China, and other global markets. Revenue is principally generated through vehicle sales, supplemented by parts and accessories, financial services including vehicle financing and leasing offered through Volkswagen Financial Services, and after-sales services.
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Current Status#
Summary of the most recent reporting period: core figures, drivers and management statements; written editorially from the current original report, every figure backed by a source number.
For Q2 2026, Volkswagen AG reported revenue of 82,444 million 115; for the full H1 2026 period, Group sales revenue declined to €158.1 billion from €158.4 billion and the operating result decreased to €5.9 billion from €6.7 billion 5. Group deliveries and all-electric vehicle volumes declined year-on-year in H1 2026, driven by shortfalls in North America and Asia-Pacific 5. Material H1 transactions include an additional USD 1 billion Rivian equity investment, an arrangement to divest a majority stake in Everllence to Bain Capital, and an agreement to expand the Group's holding in Green Mobility Holding (Europcar parent) to 93% 5. Full-year guidance was revised downward in both deliveries and revenue due to significant market volume declines in China 5.
Management commentary on the FY2025 results (IR-Annual, 2026-03-10):
„Our ambition for 2030 is to achieve an 8% to 10% operating return on sales.“ – Oliver Blume, Chairman of the Board of Management 3
„In 2026, we will continue our journey – together and with a sense of determination. Our focus is clear: strong products, impressive technologies and consistent work on enhancing our competitiveness.“ – Oliver Blume, Chairman of the Board of Management 3
Revenue · 2026-H1158,102€m−0.2 % vs. 2025-H1
Net profit · 2026-H13,103€m−30.7 % vs. 2025-H1
EPS · 2026-H15.11€−35.9 % vs. 2025-H1
Revenue trend
Guidance
For FY2026, the company guides Revenue growth (YoY) to –3.0% to 0% (cut); Deliveries to Volkswagen Group customers to -7.0% to -3.0% (cut); Sales revenue - Volkswagen Group to -3.0% to 0% (cut). 5.
ProfitabilityIn Q2 2026, operating income was 3,469 million and net income was 1,538 million 115. For H1 2026, consolidated earnings before tax decreased to €4.773 billion from €6.423 billion, and earnings after tax declined to €3.1 billion from €4.5 billion 5. SEAT/CUPRA reported an improved H1 operating result of €122 million compared to €38 million in the prior-year period, attributable to cost optimization and tariff exemptions 5.
LeverageThe Automotive Division's net liquidity remained solid at €32.7 billion in H1 2026, with the Automotive Division net cash flow improving to €3.2 billion from negative €1.4 billion 5. Cash at the end of Q2 2026 stood at 40,538 million 115. H1 2026 cash flows from operating activities improved to €5.9 billion from €3.3 billion, with dividend payments of €2.7 billion distributed to shareholders of Volkswagen AG, Porsche AG, and TRATON SE in June 5.
Management viewVolkswagen revised its full-year sales revenue guidance to a decline of 3.0% to 0% for the Group and 4.0% to 2.0% for the Passenger Cars segment, with delivery guidance adjusted to a decline of 7.0% to 3.0% due to market conditions, particularly in China 5. The Group is reshaping its portfolio through divestitures of certain holdings and targeted equity investments, including the increase in the Rivian stake and the planned expansion of the Green Mobility Holding position 5. TRATON separately initiated the sale of a further 2.0% of its Sinotruk shares, with expected proceeds of €0.2 billion and a potential gain exceeding €1 billion anticipated in H2 2026 5.
ChangeGroup deliveries declined 6.3% to 4.1 million vehicles year-on-year, driven by significant declines in North America and Asia-Pacific, while all-electric vehicle deliveries decreased 5.8% to 438,463 units amid an overall BEV market decline 5. The H1 operating result was impacted by €0.5 billion in expenses from the discontinuation of ID.4 production at the Chattanooga, USA site as of mid-April 2026 and negative mix effects 5. Škoda unit sales increased 8.2% to 629 thousand vehicles, representing a volume increase against the broader delivery decline across the Group 5.
Risks (current)Significant market volume declines in China are expected to continue weighing on deliveries, and the expiration of EV subsidies in North America is reducing sales volumes, as reflected in the downward revision of full-year guidance 5. The fiercely competitive worldwide automotive landscape, particularly in China, combined with volatile commodity, energy, and foreign exchange markets and supply chain disruption risks, present ongoing headwinds 5. Geopolitical uncertainty including escalation in the Middle East carries unreliable impact estimates on KPI projections; a Brazilian consumer class action involving approximately 67,000 Amarok vehicles was concluded after the Superior Court rejected the plaintiff appeal, and a Korean competition authority terminated its investigation into suspected cartel activity among European, Japanese, and Korean manufacturers regarding ELV recycling services 5.
New this reporting periodIn April 2026, Volkswagen invested an additional USD 1 billion in Rivian, increasing its equity interest to 15.9%, and separately entered into an agreement for the sale of its shareholdings in Rimac Group and Bugatti 5. Volkswagen agreed to acquire an additional 27% stake in Green Mobility Holding (the parent of Europcar) for approximately €1 billion, an arrangement planned for 2027 that would bring the total stake to 93% 5. On June 24, 2026, Volkswagen entered into an arrangement with Bain Capital for the divestiture of a 51% stake in Everllence SE, with an expected cash inflow of approximately €7.4 billion targeting completion by December 31, 2026 5.
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Price & Chart#
Interactive price chart (TradingView) and the trend of key figures from the core tables. The price chart loads only after a click; at that point a connection to TradingView is established.
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Share-Price Drivers#
Factors the company itself names as material for its business development (IR-based); reproduced neutrally, no price forecast and no assessment of our own.
Electrification and battery build-out (PowerCo cell factories, MEB+ platform, new EV models)
The group is committing large investment to new EV platforms, cell factories in Valencia and St. Thomas, and a wave of new all-electric and hybrid models, making the pace of EV adoption central to future revenue and returns 3
The group is committing large investment to new EV platforms, cell factories in Valencia and St. Thomas, and a wave of new all-electric and hybrid models, making the pace of EV adoption central to future revenue and returns 3
EV portfolio and battery ramp (PowerCo, MEB+, ID. Every1, new EV platform)
MEB+ platform production start-up and Scout brand are planned, while Porsche electric vehicle market launches were postponed and combustion-engine offerings were extended, signalling a more cautious rollout 3
MEB+ platform production start-up and Scout brand are planned, while Porsche electric vehicle market launches were postponed and combustion-engine offerings were extended, signalling a more cautious rollout 3
China business and local partnerships
Plan to launch 30 new all-electric, plug-in hybrid and range-extended models in China by end of 2027, with joint ventures with Xpeng, Horizon Robotics and a China Electronic Architecture, indicating a push to defend traction in a competitive market 3
Plan to launch 30 new all-electric, plug-in hybrid and range-extended models in China by end of 2027, with joint ventures with Xpeng, Horizon Robotics and a China Electronic Architecture, indicating a push to defend traction in a competitive market 3
Core brand group volume and Škoda traction
Core brand group revenue of 82,444 scale within the half-year, with Škoda revenue up 6.3% year-on-year, pointing to continued traction of the volume brands 5
Core brand group revenue of 82,444 scale within the half-year, with Škoda revenue up 6.3% year-on-year, pointing to continued traction of the volume brands 5
Software and electronics cooperation with Rivian
Joint venture with Rivian for electronic-architecture development plus an additional investment in Rivian, expanding the group's software and electronics capability 3 5
Joint venture with Rivian for electronic-architecture development plus an additional investment in Rivian, expanding the group's software and electronics capability 3 5
North America footprint and tariff exposure
Discontinuation of ID.4 production at Chattanooga from mid-April 2026 indicates a scaling-back of certain North American EV output 5
Discontinuation of ID.4 production at Chattanooga from mid-April 2026 indicates a scaling-back of certain North American EV output 5
Earnings and guidance
Operating income of 3,469 in 2026-Q2 was lower than 3,834 a year earlier and net income of 1,538 was below 2,291, alongside a cut to guidance 115
Operating income of 3,469 in 2026-Q2 was lower than 3,834 a year earlier and net income of 1,538 was below 2,291, alongside a cut to guidance 115
Mobility services / Europcar (Green Mobility Holding)
Agreement to acquire a 27% stake in Green Mobility Holding (Europcar parent) extends the group's mobility-services reach 5
Agreement to acquire a 27% stake in Green Mobility Holding (Europcar parent) extends the group's mobility-services reach 5
Sector trend: Sector demand is decelerating and profitability is under pressure, with operating income lower year-on-year and group guidance cut 115. Automakers face a costly transition to electrification and intensifying competition, particularly in China, keeping margins the key sector KPI to watch 3.
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Event Timeline#
This timeline collects the material events from the original reports: guidance changes, revenue and margin signals, strategy shifts, product and M&A announcements. Events are grouped by quarter (most recent first); the grey tag before each event names the event type, the date is the publication date of the source. Management quotes open the quarter block as direct quotes. Per quarter we show the three most defining events; more can be expanded per quarter, older years are collapsed. Every event carries its source as a superscript, clickable number.
Overview: one dot per event · click jumps to the period
2026 · 7 events
2026-Q2 · Apr – Jun 2026
Guidance cut 2026-07-24
Full-year delivery guidance revised to decline 7.0% to 3.0% and group sales revenue to decline 3.0% to 0%, citing significant market volume declines in China 5
Full-year delivery guidance revised to decline 7.0% to 3.0% and group sales revenue to decline 3.0% to 0%, citing significant market volume declines in China 5
Divestiture 2026-07-24
Volkswagen entered arrangement with Bain Capital to sell 51% of Everllence for approximately €7.4 billion, targeting completion by December 31, 2026 5
Volkswagen entered arrangement with Bain Capital to sell 51% of Everllence for approximately €7.4 billion, targeting completion by December 31, 2026 5
Strategic pivot 2026-07-24
ID.4 production discontinued at Chattanooga USA as of mid-April 2026 due to production strategy refocus, incurring €0.5 billion in H1 expenses 5
ID.4 production discontinued at Chattanooga USA as of mid-April 2026 due to production strategy refocus, incurring €0.5 billion in H1 expenses 5
2026-Q1 · Jan – Mar 2026
„Our ambition for 2030 is to achieve an 8% to 10% operating return on sales.“ – Oliver Blume, Chairman of the Board of Management 3
Revenue decelerating ◦ 2026-07-24
Group deliveries declined 6.3% to 4.1 million vehicles in H1 2026, driven by significant volume declines in North America and Asia-Pacific 5
Group deliveries declined 6.3% to 4.1 million vehicles in H1 2026, driven by significant volume declines in North America and Asia-Pacific 5
Operating income turned negative ◦ 2026-03-10
Operating result declined significantly to 8,868 from €19,060 million in 2024, driven by €2.7 billion Porsche goodwill impairment, €2.0 billion write-down of capitalized Porsche project costs, and €2.9 billion US tariff impact; operating return on sales fell to 2.8% from 5.9% 3
Operating result declined significantly to 8,868 from €19,060 million in 2024, driven by €2.7 billion Porsche goodwill impairment, €2.0 billion write-down of capitalized Porsche project costs, and €2.9 billion US tariff impact; operating return on sales fell to 2.8% from 5.9% 3
Margin compressing 2026-03-10
Gross margin declined to 15.9% from 18.3% due to higher material costs and adverse tariff and exchange rate effects 3
Gross margin declined to 15.9% from 18.3% due to higher material costs and adverse tariff and exchange rate effects 3
Strategic pivot 2026-03-10
Porsche postponed all-electric vehicle market launch and rescheduled new electric platform to 2030s; Zukunft Volkswagen agreement reached targeting around 50,000 job reductions by 2030 across Volkswagen Group in Germany 3
Porsche postponed all-electric vehicle market launch and rescheduled new electric platform to 2030s; Zukunft Volkswagen agreement reached targeting around 50,000 job reductions by 2030 across Volkswagen Group in Germany 3
2025 · 3 events
FY2025 · Jan – Dec 2025
Operating income halved 2026-03-10
Operating income more than halved YoY (19,060.0 to 8,868.0 EURm, -53%). 109
Operating income more than halved YoY (19,060.0 to 8,868.0 EURm, -53%). 109
2025-Q1 · Jan – Mar 2025
Operating income turned negative ◦ 2025-03-11
Operating result of 19,060 million was 15.4% below prior-year figure, driven by restructuring measures and negative mix and pricing effects 2
Operating result of 19,060 million was 15.4% below prior-year figure, driven by restructuring measures and negative mix and pricing effects 2
Margin compressing 2025-03-11
Gross margin declined to 18.3% from 18.9%, driven by higher depreciation and upfront expenditures for new products 2
Gross margin declined to 18.3% from 18.9%, driven by higher depreciation and upfront expenditures for new products 2
2024 · 9 events
2024-Q4 · Oct – Dec 2024
Strategic pivot 2025-03-11
Collective bargaining agreement reached with IG Metall and works council in December 2024, creating conditions for €1.5 billion annual labor cost savings through 2030 and a planned reduction of more than 35,000 employees at German sites by 2030 2
Collective bargaining agreement reached with IG Metall and works council in December 2024, creating conditions for €1.5 billion annual labor cost savings through 2030 and a planned reduction of more than 35,000 employees at German sites by 2030 2
New market 2025-03-11
Volkswagen-Rivian joint venture commenced operations November 13, 2024 to develop software-defined vehicle architectures; planned investment up to USD 5.8 billion by January 2028 2
Volkswagen-Rivian joint venture commenced operations November 13, 2024 to develop software-defined vehicle architectures; planned investment up to USD 5.8 billion by January 2028 2
Adjusted result turned negative ◦ 2025-03-11
Northvolt AB filed for bankruptcy in November 2024; €661 million non-cash write-down of equity investment and loan receivables recognized 2
Northvolt AB filed for bankruptcy in November 2024; €661 million non-cash write-down of equity investment and loan receivables recognized 2
2024-Q3 · Jul – Sep 2024
Divestiture 2025-03-11
Argo AI winding down completed in Q3 2024 with a €265 million gain recognized 2
Argo AI winding down completed in Q3 2024 with a €265 million gain recognized 2
2024-Q2 · Apr – Jun 2024
New market 2025-03-11
Ford Explorer series production commenced June 2024 as the first externally supplied model built on the MEB platform 2
Ford Explorer series production commenced June 2024 as the first externally supplied model built on the MEB platform 2
2024-Q1 · Jan – Mar 2024
New market 2025-03-11
First supply contract for MEB platform components signed with Mahindra in early 2024, extending the platform to an external OEM for the first time 2
First supply contract for MEB platform components signed with Mahindra in early 2024, extending the platform to an external OEM for the first time 2
Revenue accelerating ◦ 2024-03-13
Revenue up 15.5% to 322,284 on 9.2M deliveries (up 11.8%) and improved price positioning; BEV unit sales approximately one third higher year-over-year 1
Revenue up 15.5% to 322,284 on 9.2M deliveries (up 11.8%) and improved price positioning; BEV unit sales approximately one third higher year-over-year 1
Margin compressing 2024-03-13
Operating return on sales declined to 7.0% from 7.9% in 2022, impacted by commodity cost pressures and adverse derivative fair value measurements 1
Operating return on sales declined to 7.0% from 7.9% in 2022, impacted by commodity cost pressures and adverse derivative fair value measurements 1
Acquisition 2024-03-13
Acquired 4.99% stake in XPeng Inc. for USD 706M; established CARIZON joint venture with Horizon Robotics (60% stake, CNY 2B investment) for autonomous driving development in China 1
Acquired 4.99% stake in XPeng Inc. for USD 706M; established CARIZON joint venture with Horizon Robotics (60% stake, CNY 2B investment) for autonomous driving development in China 1
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Key Figures (€m)#
The company's core financial figures in three views, one below the other: fiscal years (as reported; after restatements the table shows the most recent filing version, marked), half-years (6-month basis, H2 = second half on its own) and quarters (3-month basis, not cumulative). Each row is one period, most recent first. Values with a dotted underline are clickable and show the raw value, the exact source location, the scale evidence and the source; derived values additionally show their formula and inputs. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original.
All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.
Revenue (€m) · annual basis, as reported
Net income (€m) · annual basis, as reported
EPS (€) · annual basis, as reported
Operating cash flow (€m) · annual basis, as reported
Revenue (€m) · half-year basis, as reported
Net income (€m) · half-year basis, as reported
EPS (€) · half-year basis, as reported
Operating cash flow (€m) · half-year basis, as reported
Revenue (€m) · quarterly basis, as reported
Net income (€m) · quarterly basis, as reported
Cash (€m) · annual basis, as reported
Debt (€m) · annual basis, as reported
Net Debt (€m) · annual basis, as reported
Capex (€m) · annual basis, as reported
FCF (€m) · annual basis, as reported
Cash (€m) · half-year basis, as reported
Debt (€m) · half-year basis, as reported
Net Debt (€m) · half-year basis, as reported
Capex (€m) · half-year basis, as reported
FCF (€m) · half-year basis, as reported
Cash (€m) · quarterly basis, as reported
Debt (€m) · quarterly basis, as reported
Net Debt (€m) · quarterly basis, as reported
Fiscal years
Amounts in €m · EPS in € per share · as reported
| Period | Revenue | Op. income | Net income | EPS (€) | OCF | Source |
|---|---|---|---|---|---|---|
| FY2025 | 321,913 | 8,868 | 6,904 | 13.29 | 15,009 | 109 |
| FY2024 | 324,656 | 19,060 | 12,394 | 21.36 | 17,151 | 105 |
| FY2023 | 322,284 | 22,528 | 17,861 | 31.79 | 19,356 | 1 |
Half-years
Amounts in €m · EPS in € per share · as reported
| Period | Published | Revenue | Op. income | Net income | EPS (€) | FCF | Cash | Net Debt | Source |
|---|---|---|---|---|---|---|---|---|---|
| 2026-H1* | 2026-07-24 | 158,102 | 5,931 | 3,103 | 5.11 | 245 | 40,538 | 240,457 | 115 |
| 2025-H2* | 2026-07-24 | 163,549 | 2,161 | 2,427 | 4.67*≈ | -6,164 | 38,801 | 121,883 | 5 |
| 2025-H1* | 2026-07-24 | 158,364 | 6,707 | 4,477 | 7.97 | -3,173 | 38,801 | – | 115 |
Quarters
Amounts in €m · as reported
| Period | Published | Revenue | Op. income | Net income | Cash | Source |
|---|---|---|---|---|---|---|
| 2026-Q2 | 2026-07-24 | 82,444 | 3,469 | 1,538 | 40,538 | 115 |
| 2026-Q1* | 2026-07-24 | 75,658 | 2,462 | 1,565 | – | 5 |
| 2025-Q2 | 2026-07-24 | 80,806 | 3,834 | 2,291 | 38,801 | 115 |
* derived: values with formula provenance (hover); Q4 = FY − 9M · H2 = FY − H1 · EPS via implied shares · net debt = financial debt − cash · FCF = OCF − |capex|.
Columns not reported in this reporting cadence are hidden: Op. income (adj.), EBITDA (adj.), EPS, EPS adj., FCF, Net Debt (not reported in any source for these periods).
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Balance Sheet & Cash Flow (€m)#
Point-in-time balance sheet items (e.g. cash, financial debt) and cash flow items (operating cash flow, investments/capex) per fiscal year, half-year and quarter. Balance sheet values are as of the period end, flow items cover the period. Derived values are marked and are calculated, for example, as: net debt = financial debt − cash; free cash flow = operating cash flow − capex; the click popover shows formula and inputs. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original.
Fiscal years
Amounts in €m · as reported
| Period | Published | Cash | Debt | Net Debt | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|---|
| FY2025 | 2026-03-10 | 38,801 | 160,684 | 121,883 | 15,009 | 24,346 | -9,337 | 109 |
| FY2024 | 2025-03-11 | 40,296 | 106,673 | 442~ | 17,151 | 17,202 | -51 | 105 |
| FY2023 | 2024-03-13 | 43,449 | 111,443 | 67,994 | 19,356 | 14,653 | 4,703 | 1 |
Half-years
Amounts in €m · as reported
| Period | Published | Cash | Debt | Net Debt | OCF | Capex | FCF | Source |
|---|---|---|---|---|---|---|---|---|
| 2026-H1 | 2026-07-24 | 40,538 | 280,995 | 240,457 | 5,868 | 5,623 | 245 | 115 |
| 2025-H2 | 2026-07-24 | 38,801 | 160,684 | 121,883 | 11,694 | 17,858 | -6,164 | 5 |
| 2025-H1 | 2026-07-24 | 38,801 | – | – | 3,315 | 6,488 | -3,173 | 115 |
| 2024-H2 | 2025-03-11 | 40,296 | 106,673 | 66,377 | – | – | – | 2 |
| 2023-H2 | 2024-03-13 | 43,449 | 111,443 | 67,994 | – | – | – | 1 |
Quarters
Amounts in €m · as reported
| Period | Published | Cash | Debt | Net Debt | Source |
|---|---|---|---|---|---|
| 2026-Q2 | 2026-07-24 | 40,538 | – | – | 115 |
| 2026-Q1 | 2026-07-24 | – | – | – | 5 |
| 2025-Q4 | 2026-03-10 | 38,801 | 160,684 | 121,883 | 109 |
| 2025-Q2 | 2026-07-24 | 38,801 | – | – | 115 |
| 2024-Q4 | 2025-03-11 | 40,296 | 106,673 | 66,377 | 2 |
| 2023-Q4 | 2024-03-13 | 43,449 | 111,443 | 67,994 | 1 |
Debt = long-term + current · Net debt = debt − cash · FCF = OCF − capex.
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Revenue by Type (as of 2026-H1 · EURm · 12/14)#
Revenue split by segment or product type, exactly as the company itself reports it. The basis is stated next to each value (3, 6 or 12 months); segment totals can deviate from group revenue (reconciliation/consolidation items). If the company changes its segment structure, older structures are kept in the expandable part. Rows in grey are no longer reported separately by the company; they show the last available figures and are never extrapolated.
| Segment | Since | Period | Basis | Revenue | Growth | Margin | Source |
|---|---|---|---|---|---|---|---|
| Škoda | 2026-H1 | 2026-H1 | 6M | 16,015 | 6.3% | – | 5 |
| Europe/Other Markets | 2025-H1 | 2026-H1 | 6M | 104,619 | – | – | 5 |
| Core brand group | 2025-H1 | 2026-H1 | 6M | 73,035 | – | – | 5 |
| Progressive brand group | 2025-H1 | 2026-H1 | 6M | 29,177 | – | – | 5 |
| North America | 2025-H1 | 2026-H1 | 6M | 28,577 | – | – | 5 |
| Sport Luxury brand group | 2025-H1 | 2026-H1 | 6M | 15,158 | – | – | 5 |
| Asia-Pacific | 2025-H1 | 2026-H1 | 6M | 14,967 | – | – | 5 |
| South America | 2025-H1 | 2026-H1 | 6M | 9,608 | – | – | 5 |
| SEAT/CUPRA | 2025-H1 | 2026-H1 | 6M | 7,695 | – | – | 5 |
| Passenger Cars and Light Commercial Vehicles | FY2023 | 2026-H1 | 6M | 103,010 | – | – | 5 |
| Financial Services | FY2023 | 2026-H1 | 6M | 31,674 | – | – | 5 |
| Commercial Vehicles | FY2023 | 2026-H1 | 6M | 20,656 | – | – | 5 |
| Passenger Cars | FY2023 | FY2023 | 12M | 218,400 | – | 6.7% | 1 |
| Power Engineering | FY2023 | FY2024 | 12M | 4,333 | – | – | 2 |
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Products & M&A (102/162 active+recent)#
Product announcements from the reports; market launches, approvals, partnerships; with first mention (date) and source. “Active/current” means: still mentioned in the most recent reports; what the company no longer mentions moves to the expandable part but is never deleted. Rows in grey are discontinued products.
| Product/Line | Since | Status | Source |
|---|---|---|---|
| California trucks zero-emission requirement | 2036 | Launched | 2 |
| New electric vehicle platform development | 2030 | Launched | 3 |
| EU city buses 90% zero-emission target (2x) | 2030 | Launched | 2 |
| ID. Every1 compact electric car launch | 2027 | Launched | 3 |
| 30 new all-electric, plug-in hybrid and range-extended models launch in China | 2027 | Launched | 3 |
| Dividend payment | 2026-06 | Stable | 5 |
| ID.4 production discontinuation at Chattanooga (2×) | 2026-04 | Stable | 5 |
| Volkswagen Financial Services UK regulatory consultation (redress scheme) | 2026-03 | Stable | 3 |
| Hybrid note redemption scheduled | 2026-03 | Planned | 3 |
| Special auditor proceedings - second action (Hanover Regional Court) | 2026-02 | Stable | 3 |
| Paris criminal indictment brought against Volkswagen AG | 2026-02 | Stable | 3 |
| Munich II Regional Court - proceedings against two AUDI AG Board members | 2026-02 | Stable | 3 |
| Hybrid note called with €1.75 billion principal | 2026-02 | Stable | 3 |
| Diesel issue - indictment (Paris) | 2026-02 | Stable | 3 |
| Brazil - Assobrav dealer lawsuit dismissal at appellate court | 2026-02 | Stable | 3 |
| Škoda Peaq seven-seater electric launch | 2026 | Launched | 3 |
| Škoda Epiq all-electric SUV debut | 2026 | Launched | 3 |
| Scout brand with electrified all-terrain vehicles and pickups in USA | 2026 | Launched | 1 |
| Scout brand launch (2×) | 2026 | Launched | 3 |
| Scania Next Era trucks deliveries commence | 2026 | Launched | 3 |
| PowerCo series production commencement | 2026 | Launched | 3 |
| Porsche Macan GTS derivative | 2026 | Launched | 3 |
| New Transporter with plug-in hybrid drivetrain | 2026 | Launched | 3 |
| New T-Roc with hybrid engine | 2026 | Launched | 3 |
| New Energy Vehicle Credit Policy Plan implementation | 2026 | Launched | 2 |
| MEB+ platform production startup | 2026 | Launched | 3 |
| MAN D30 engine variants launch | 2026 | Launched | 3 |
| ID.3 refresh | 2026 | Launched | 3 |
| ID. UNYX 07, ID. UNYX 08 and ID. ERA 9X launches in China | 2026 | Launched | 3 |
| Ducati Monster V2 launch (2×) | 2026 | Launched | 3 |
| Ducati Diavel V4 RS limited-edition launch | 2026 | Launched | 3 |
| Ducati Desert X launch | 2026 | Launched | 3 |
| Caddy comprehensive overhaul (2×) | 2026 | Launched | 3 |
| CUPRA Raval launch on MEB+ platform | 2026 | Launched | 3 |
| CUPRA Born refresh | 2026 | Launched | 3 |
| Audi new Q7 launch | 2026 | Launched | 3 |
| AUDI E7X all-electric premium SUV debut in China | 2026 | Launched | 3 |
| Federal Court of Justice rejects appeals in Munich case | 2025-12 | Stable | 3 |
| BGH rejection of defendants' appeals - Munich II diesel case | 2025-12 | Stable | 3 |
| BGH decision on investor model case (Porsche SE referred to ECJ) | 2025-11 | Stable | 3 |
| Russia GAZ lawsuit - Supreme Court final judgment | 2025-10 | Stable | 3 |
| Brazil class action - appellate court ruling (2×) | 2025-10 | Stable | 3 |
| Higher Administrative Court of Schleswig-Holstein decision on software update notice | 2025-09 | Stable | 3 |
| Stage IV fuel consumption limits in China | 2025-07 | Launched | 2 |
| Netherlands settlement - diesel class actions (2×) | 2025-07 | Stable | 3 |
| Diesel issue - criminal proceedings and sentencing (Braunschweig) | 2025-05 | Stable | 3 |
| Brazilian tax proceedings - Volkswagen Truck & Bus phase 1 reduction | 2025-05 | Stable | 3 |
| Brazil tax authorities review reduces risk exposure | 2025-05 | Stable | 3 |
| Braunschweig criminal trial concludes with convictions | 2025-05 | Stable | 3 |
| European Commission and CMA issue antitrust fines | 2025-04 | Stable | 3 |
| Europe-wide ELV (end-of-life vehicle) recycling investigation | 2025-04 | Stable | 3 |
| CMA fine - vehicle recycling anti-competitive behavior (2×) | 2025-04 | Stable | 3 |
| France class action procedural judgment (admissibility) | 2025-03 | Stable | 3 |
| Škoda Kylaq (India market) | 2025 | Launched | 3 |
| Škoda Enyaq battery-electric refresh | 2025 | Launched | 3 |
| Škoda Elroq launch | 2025 | Launched | 3 |
| Škoda Elroq SUV expansion with RS models | 2025 | Launched | 3 |
| Zero Impact Factory method replacement of existing KPI system | 2025 | Launched | 1 |
| Volkswagen Truck & Bus e-Volksbus vehicles delivery | 2025 | Launched | 2 |
| Volkswagen Truck & Bus e-Delivery additional markets | 2025 | Launched | 2 |
| Volkswagen Passenger Cars Tera SUV (South America) | 2025 | Launched | 3 |
| Volkswagen Passenger Cars Tayron SUV | 2025 | Launched | 3 |
| Volkswagen Passenger Cars Taos (North America) (2×) | 2025 | Launched | 3 |
| Volkswagen Passenger Cars T-Roc second generation | 2025 | Launched | 3 |
| Volkswagen Commercial Vehicles Transporter Caravelle (3×) | 2025 | Launched | 3 |
| T-Roc update | 2025 | Launched | 2 |
| Scania first self-driving trucks deployment in Australia | 2025 | Launched | 2 |
| Scania Super 11 engine addition | 2025 | Launched | 3 |
| SEAT Leon and Leon Sportstourer expansion | 2025 | Launched | 3 |
| SEAT Ibiza refresh (3×) | 2025 | Launched | 3 |
| Porsche electric vehicle market launches (postponed) | 2025 | Launched | 3 |
| Porsche Taycan GTS | 2025 | Launched | 3 |
| Porsche Cayenne Electric launch (2×) | 2025 | Launched | 3 |
| Porsche 911 Turbo S with bi-turbo and T-Hybrid | 2025 | Launched | 3 |
| MAN shared powertrain platform series production | 2025 | Launched | 3 |
| MAN products with 13-liter powertrain (2×) | 2025 | Launched | 2 |
| MAN battery-electric heavy-duty trucks series production | 2025 | Launched | 3 |
| MAN TGE strong worldwide order intake increase | 2025 | Launched | 3 |
| Lamborghini Urus SE (4×) | 2025 | Launched | 3 |
| Kylaq launch in Indian market | 2025 | Launched | 2 |
| International Level 4 autonomous driving commercialization | 2025 | Launched | 3 |
| Ford electric volume models using MEB platform | 2025 | Launched | 3 |
| Extended combustion engine vehicle offerings | 2025 | Launched | 3 |
| Enyaq and Elroq RS models | 2025 | Launched | 2 |
| Enyaq Modern Solid model battery-electric | 2025 | Launched | 2 |
| Ducati Panigale V2 with 890cc V2 engine (2×) | 2025 | Launched | 3 |
| Cell factory Valencia, Spain (5×) | 2025 | Launched | 3 |
| Cell factory Salzgitter, Germany | 2025 | Launched | 3 |
| CUPRA product range updates with new features and drivetrains | 2025 | Launched | 2 |
| CUPRA Black Edition and Tribe Edition | 2025 | Launched | 3 |
| Bentley Flying Spur update (2×) | 2025 | Launched | 3 |
| Bentley Continental GT new versions (2x) | 2025 | Launched | 3 |
| Bentley Continental GT and Flying Spur ultra performance hybrid | 2025 | Launched | 3 |
| Bentley Bentayga Speed | 2025 | Launched | 3 |
| Battery-electric vehicle orders surge | 2025 | Launched | 3 |
| Audi Q3 third generation (2x) | 2025 | Launched | 3 |
| Audi E5 Sportback (China market) | 2025 | Launched | 3 |
| Audi A6 family update (2x) | 2024-12 | Launched | 2 |
| Porsche 911 Carrera 4S (3x) | 2023 | Launched | 3 |
| ID. Polo launch (2x) | 2023 | Launched | 3 |
| Ducati Panigale V4 (13×) | 2023 | Launched | 3 |
| Audi A6 e-tron (9×) | 2023 | Launched | 3 |
| Škoda all-electric Elroq | 2024-12 | Launched | 1 |
| Audi Q5 | 2024-12 | Launched | 1 |
| Special auditor proceedings - Celle Higher Regional Court dismissal | 2024-11 | Stable | 3 |
| Brazil CADE antitrust investigation - human resources information | 2024-10 | Stable | 3 |
| Brazil class action - Amarok second case appeal | 2024-04 | Stable | 3 |
| Indian customs investigation - ŠKODA Auto India | 2024-01 | Stable | 3 |
| Škoda new Kodiaq | 2024 | Launched | 1 |
| Škoda fourth generation Superb | 2024 | Launched | 1 |
| Škoda Octavia product upgrade | 2024 | Launched | 1 |
| Volkswagen Truck & Bus eDelivery model expansion | 2024 | Launched | 1 |
| Volkswagen Passenger Cars ninth generation Passat (MQB Evo) | 2024 | Launched | 1 |
| Volkswagen Passenger Cars T-Cross and Tiguan product upgrade | 2024 | Launched | 1 |
| Volkswagen Passenger Cars ID.7 Tourer | 2024 | Launched | 1 |
| Volkswagen Passenger Cars Golf 50th anniversary update | 2024 | Launched | 1 |
| Volkswagen Commercial Vehicles New California | 2024 | Launched | 1 |
| SEAT Leon 5-door and Estate upgrade | 2024 | Launched | 1 |
| SEAT Arona limited FR edition | 2024 | Launched | 1 |
| Porsche Macan updated version (2x) | 2024 | Launched | 1 |
| New models launched driving growth in battery-electric vehicle orders | 2024 | Launched | 2 |
| MAN eTGX all-electric long-haul truck | 2024 | Launched | 1 |
| MAN eTGS all-electric delivery truck | 2024 | Launched | 1 |
| Ducati Hypermotard 698 Mono | 2024 | Launched | 1 |
| CUPRA electrified Terramar SUV | 2024 | Launched | 1 |
| CUPRA Tavascan SUV | 2024 | Launched | 1 |
| CUPRA Formentor with new-generation plug-in hybrid drives | 2024 | Launched | 1 |
| CUPRA Born product upgrade | 2024 | Launched | 1 |
| Bentley hybrid vehicle portfolio expansion | 2024 | Launched | 1 |
| Battery-electric vehicle orders increase in Western Europe | 2024 | Launched | 2 |
| Aluminum Closed Loop expansion | 2024 | Launched | 3 |
| Volkswagen Abonnement subscription service launch in France | 2023-09 | Launched | 1 |
| KBA administrative rulings on thermal window - AUDI AG (4x) | 2023-07 | Stable | 3 |
| Munich II Regional Court diesel trial - sentencing (2x) | 2023-06 | Stable | 3 |
| Detmold Regional Court - Greenpeace farmer climate lawsuit dismissal (2x) | 2023-02 | Stable | 3 |
| Volkswagen Truck & Bus eDelivery zero-emission vehicle for South America | 2023 | Launched | 1 |
| Touareg product upgrade | 2023 | Launched | 1 |
| Taxonomy-eligible activity classification updates | 2023 | Launched | 1 |
| Scania all-electric solutions for regional distribution using Northvolt battery cells | 2023 | Launched | 1 |
| Scania Smart Dash new digital cockpit launch | 2023 | Launched | 1 |
| Porsche Cayenne third generation with extensive product upgrade | 2023 | Launched | 1 |
| Navistar IC Bus CE school bus electrified launch | 2023 | Launched | 1 |
| Modernization fund for social spaces | 2023 | Launched | 1 |
| Mahindra MEB components supply (2x) | 2023 | Launched | 3 |
| Lamborghini Revuelto first hybrid super sports car | 2023 | Launched | 1 |
| Lamborghini Huracán Sterrato launch | 2023 | Launched | 1 |
| IONWAY joint venture cathode factory - Nysa/Poland | 2023 | Launched | 1 |
| ID.3 second generation with extensive facelift | 2023 | Launched | 1 |
| ID. Buzz Pro and ID. Buzz Cargo derivatives for commercial use | 2023 | Launched | 1 |
| Four additional LNG-powered car freighters introduction | 2023 | Launched | 1 |
| Ford MEB-based vehicle production for European market | 2023 | Launched | 1 |
| Ford Explorer - first MEB-based model | 2023 | Launched | 1 |
| Elli smart battery control pilot project and electricity trading on EPEX Spot power exchange | 2023 | Launched | 1 |
| Ducati Scrambler second generation with three new models | 2023 | Launched | 1 |
| Bentley Bentayga EWB Mulliner luxury flagship | 2023 | Launched | 1 |
| Bentley Batur Grand Tourer strictly limited launch | 2023 | Launched | 1 |
| APP550 electric drive debut in Volkswagen ID.7 | 2023 | Launched | 1 |
| ARFB investor protection model case ruling | 2022-09 | Stable | 3 |
| ECJ rulings on thermal window (defeat device) (2×) | 2022-07 | Stable | 3 |
| UNECE CSMS cybersecurity certification | 2021 | Launched | 1 |
| Euro-7 emission standard implementation | pending | Launched | 2 |
| Additional cell factories in Valencia and St. Thomas | – | Launched | 3 |
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M&A (32)#
All recorded acquisitions (purchases) and divestitures/exits with date, short description and source; deliberately including smaller transactions that summaries often miss. Purchase prices appear only where the company itself has disclosed them. Rows in grey are cancelled transactions; the cancellation date is shown in the row.
Acquisitions · 18Divestitures/exits · 12older: 2 (in the table)
Acquisitions
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| Investment of USD 1 billion in Rivian (2×) | 2026-04 | Completed | 3 |
| Rivian investment increase (2×) | 2025-06 | Completed | 5 |
| Northvolt bankruptcy | 2025-03 | Completed | 3 |
| Patriot Battery Metals stake acquisition | 2025 | Completed | 3 |
| Joint venture with Xpeng for China Electronic Architecture (2×) | 2025 | Completed | 3 |
| Convertible note conversion to Rivian ordinary shares | 2024-12 | Completed | 2 |
| Rivian joint venture (3×) | 2024-11 | Completed | 3 |
| Europcar Mobility Group acquisition with consortium partners | 2024 | Completed | 2 |
| XPeng Inc. strategic partnership and joint development agreement | 2023-12 | Announced | 1 |
| XPeng Inc. 4.99% equity stake acquisition | 2023-12 | Completed | 1 |
| Horizon Robotics investment and CARIZON joint venture establishment (3x) | 2023-12 | Completed | 3 |
| Audi FAW NEV Co. deconsolidation and conversion to joint venture | 2023-10 | Completed | 1 |
| Green hybrid notes issuance | 2023-08 | Completed | 1 |
| Special dividend payment following Porsche AG IPO | 2023-01 | Completed | 1 |
| Strategic investment in XPeng | 2023 | Completed | 1 |
| Northvolt Group battery purchase agreements (2x) | 2023 | Announced | 1 |
| Master Collaboration Agreement with Ford Motor Company for joint development of vans and mid-sized pickups | 2023 | Announced | 1 |
| Green Mobility Holding (Europcar) acquisition agreement (3x) | 2023 | Announced | 5 |
| Europcar joint acquisition closing | 2022-07 | Completed | 1 |
| Porsche AG IPO (2x) | 2022 | Completed | 1 |
Divestitures / exits
| Transaction / stake | Date | Type | Source |
|---|---|---|---|
| TRATON sale of 2.0% Sinotruk shares | 2026-07 | Divested | 5 |
| Sale of 51% stake in Everllence SE to Bain Capital | 2026-06 | Divested | 5 |
| Everllence sale arrangement with Bain Capital | 2026-06 | Divested | 5 |
| Rimac Group and Bugatti shareholding sale agreement | 2026-04 | Divested | 5 |
| TRATON share placement - 11 million shares sold | 2025-03 | Divested | 3 |
| TRATON SE share placement | 2025-03 | Divested | 3 |
| Audi Brussels site closure | 2025-02 | Divested | 2 |
| Audi Brussels operations discontinuation | 2025-02 | Divested | 2 |
| Russian Volkswagen and Porsche operations deconsolidation | 2024-12 | Divested | 2 |
| MGT gas turbine business discontinuation | 2024 | Divested | 2 |
| Volkswagen Group Russia operations sale to OOO ART-FINANCE | 2023-05 | Divested | 1 |
| OOO Volkswagen Group Rus and subsidiaries sale | 2023-05 | Divested | 1 |
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Reported KPIs (as disclosed) (367)#
Figures the company discloses itself in addition to the standard financials; order intake, recurring revenue, user or unit counts, adjusted measures. These “story KPIs” usually slip through standard databases; here they are collected as reported, with no calculation of our own. Important: the definition comes from the company itself and can differ from firm to firm; period and source are stated next to every value.
Company-specific KPIs verbatim from the filings (English, as disclosed; not normalised). Balance-sheet and boilerplate items filtered.
| Date | Period | KPI | Value / change | Source |
|---|---|---|---|---|
| 2026-07-24 | 2026-H1 | Total contracts (Financial Services) | 30.2 | 5 |
| 2026-07-24 | 2026-H1 | R&D ratio | 6.7 | 5 |
| 2026-07-24 | 2026-H1 | Penetration rate (Financial Services) | 40.8 | 5 |
| 2026-07-24 | 2026-H1 | Passenger Cars and Light Commercial Vehicles sales revenue | 244.5 (EUR € billion) | 5 |
| 2026-07-24 | 2026-H1 | Operating return on sales | 3.8 (EUR %) | 5 |
| 2026-07-24 | 2026-H1 | Investment ratio (Automotive Division) | 10.6 | 5 |
| 2026-07-24 | 2026-H1 | Gross margin | 15.3 | 5 |
| 2026-07-24 | 2026-H1 | Financial Services Division sales revenue | 62.1 (EUR € billion) | 5 |
| 2026-07-24 | 2026-H1 | Financial Services Division net liquidity | -223,826 | 5 |
| 2026-07-24 | 2026-H1 | Financial Services Division equity ratio | 13.9 | 5 |
| 2026-07-24 | 2026-H1 | Equity ratio | 30.2 | 5 |
| 2026-07-24 | 2026-H1 | Electrified vehicle share of total deliveries | 16.6 | 5 |
| 2026-07-24 | 2026-H1 | Deposits from direct banking business | 80.2 (EUR € billion) | 5 |
| 2026-07-24 | 2026-H1 | Commercial Vehicles sales revenue | 42.5 (EUR € billion) | 5 |
| 2026-07-24 | 2026-H1 | Capex ratio (Automotive Division) | 3.9 | 5 |
| 2026-07-24 | 2026-H1 | BEV share of Group deliveries | 10.6 | 5 |
| 2026-07-24 | 2026-H1 | Automotive Division net liquidity | 32,750 | 5 |
| 2026-07-24 | 2026-H1 | Automotive Division equity ratio | 42.2 | 5 |
| 2026-03-10 | FY2025 | young people trained | 17,124 | 3 |
| 2026-03-10 | FY2025 | women second level management 2025 | 23.8% | 3 |
| 2026-03-10 | FY2025 | women in supervisory board | 45% | 3 |
| 2026-03-10 | FY2025 | women first level management 2025 | 18.2% | 3 |
| 2026-03-10 | FY2025 | waste for recovery 2025 | 2,337,130 | 3 |
| 2026-03-10 | FY2025 | Volkswagen Group Components staff | 58,000 | 3 |
| 2026-03-10 | FY2025 | Volkswagen Group Components sites | 35 | 3 |
| 2026-03-10 | FY2025 | Volkswagen Group Components plants | more than 60 | 3 |
| 2026-03-10 | FY2025 | vehicles sold | 2,147,032 | 3 |
| 2026-03-10 | FY2025 | vehicles produced | 836,623 | 3 |
| 2026-03-10 | FY2025 | vehicles delivered | around 9 million | 3 |
| 2026-03-10 | FY2025 | vehicle projects started 2025 | 46 | 3 |
| 2026-03-10 | FY2025 | Vehicle production plants | 67 | 3 |
| 2026-03-10 | FY2025 | Traton total weight materials 2025 | 2,260,894 | 3 |
| 2026-03-10 | FY2025 | Traton secondary recycled percentage 2025 | 25 | 3 |
| 2026-03-10 | FY2025 | Transmissions produced | 6 million | 3 |
| 2026-03-10 | FY2025 | Total weight products materials ICE 2025 | 8,403,399 | 3 |
| 2026-03-10 | FY2025 | Total weight products materials battery electric 2025 | 1,782,194 | 3 |
| 2026-03-10 | FY2025 | Total waste 2025 | 2,547,290 | 3 |
| 2026-03-10 | FY2025 | Total production sites | over 111 | 3 |
| 2026-03-10 | FY2025 | Taxonomy-aligned sales revenue percentage 2025 | 10.7 | 3 |
| 2026-03-10 | FY2025 | Taxonomy-aligned sales revenue 2025 | 34,527 (EUR million) | 3 |
| 2026-03-10 | FY2025 | Taxonomy-aligned opex percentage 2025 | 38.5 | 3 |
| 2026-03-10 | FY2025 | Taxonomy-aligned opex 2025 | 4,972 (EUR million) | 3 |
| 2026-03-10 | FY2025 | Taxonomy-aligned capex percentage 2025 | 33.6 | 3 |
| 2026-03-10 | FY2025 | Taxonomy-aligned capex 2025 | 23,514 (EUR million) | 3 |
| 2026-03-10 | FY2025 | Target women second-level management 2028 | 27.1% | 3 |
| 2026-03-10 | FY2025 | Target women first-level management 2028 | 21.3% | 3 |
| 2026-03-10 | FY2025 | Target operating return on sales 2030 | 8% to 10% | 3 |
| 2026-03-10 | FY2025 | Target net annual cost savings by 2030 | more than €6 billion | 3 |
| 2026-03-10 | FY2025 | Supervisory board meeting attendance rate | 95% | 3 |
| 2026-03-10 | FY2025 | South America deliveries change | +12% | 3 |
| 2026-03-10 | FY2025 | Social security contributions 2025 | 1,520 | 3 |
| 2026-03-10 | FY2025 | Shareholder total annual performance | no less than 24% | 3 |
| 2026-03-10 | FY2025 | Secondary recycled materials % ICE 2025 | 16.5 – 26.2 | 3 |
| 2026-03-10 | FY2025 | Secondary recycled materials % BEV 2025 | 12.6 – 25.5 | 3 |
| 2026-03-10 | FY2025 | S rating suppliers target 2025 | 85 | 3 |
| 2026-03-10 | FY2025 | S rating suppliers 2025 | 87 | 3 |
| 2026-03-10 | FY2025 | Retirement benefits 2025 | 852 | 3 |
| 2026-03-10 | FY2025 | R&D growth | +0.3% | 3 |
| 2026-03-10 | FY2025 | R&D costs | €3.5 billion | 3 |
| 2026-03-10 | FY2025 | Productivity increase | +4.3% | 3 |
| 2026-03-10 | FY2025 | Production increase excl. China | +0.6% | 3 |
| 2026-03-10 | FY2025 | Production growth | +8.3% | 3 |
| 2026-03-10 | FY2025 | Production excl. China JV | 6.2 million | 3 |
| 2026-03-10 | FY2025 | Product upgrades / derivatives | 20 | 3 |
| 2026-03-10 | FY2025 | Preferred share price growth 2025 | around 16% | 3 |
| 2026-03-10 | FY2025 | Porsche total weight materials 2025 | 538,180 | 3 |
| 2026-03-10 | FY2025 | Porsche secondary recycled % 2025 | 10.6 | 3 |
| 2026-03-10 | FY2025 | Payout ratio | 39.2% | 3 |
| 2026-03-10 | FY2025 | Patent applications filed | 7,915 | 3 |
| 2026-03-10 | FY2025 | Part-time workers | 8,565 | 3 |
| 2026-03-10 | FY2025 | North America deliveries change | -10% | 3 |
| 2026-03-10 | FY2025 | Non-recycled waste percentage 2025 | 12.5 | 3 |
| 2026-03-10 | FY2025 | Non-recycled waste 2025 | 317,805 | 3 |
| 2026-03-10 | FY2025 | New or successor products | 26 | 3 |
| 2026-03-10 | FY2025 | New models planned China by end 2027 | 30 | 3 |
| 2026-03-10 | FY2025 | New models planned 2026 | over 20 | 3 |
| 2026-03-10 | FY2025 | New models launched | around 30 | 3 |
| 2026-03-10 | FY2025 | New digital production applications | over 110 | 3 |
| 2026-03-10 | FY2025 | Net retained profits | €3.8 billion | 3 |
| 2026-03-10 | FY2025 | Multibrand production sites | almost half | 3 |
| 2026-03-10 | FY2025 | Middle East Africa deliveries change | +10% | 3 |
| 2026-03-10 | FY2025 | Loyalty rate | upper rankings | 3 |
| 2026-03-10 | FY2025 | Lease receivables carrying amount prior year | 68.2 billion | 3 |
| 2026-03-10 | FY2025 | Lease receivables carrying amount | 70.8 billion | 3 |
| 2026-03-10 | FY2025 | Jobs to be cut by 2030 Germany | around 50,000 | 3 |
| 2026-03-10 | FY2025 | Internal combustion engines produced | 7.7 million | 3 |
| 2026-03-10 | FY2025 | Interest received operating activities prior year | 14,943 | 3 |
| 2026-03-10 | FY2025 | Interest received operating activities | 14,266 | 3 |
| 2026-03-10 | FY2025 | Interest paid operating activities prior year | 8,780 | 3 |
| 2026-03-10 | FY2025 | Interest paid operating activities | 8,103 | 3 |
| 2026-03-10 | FY2025 | interest income from debt instruments FVOCI prior year | 43 (EUR € million) | 3 |
| 2026-03-10 | FY2025 | interest income from debt instruments FVOCI | 63 (EUR € million) | 3 |
| 2026-03-10 | FY2025 | interest income from amortized cost assets prior year | 14,267 (EUR € million) | 3 |
| 2026-03-10 | FY2025 | interest income from amortized cost assets | 13,946 (EUR € million) | 3 |
| 2026-03-10 | FY2025 | interest expenses from amortized cost assets prior year | 11,775 (EUR € million) | 3 |
| 2026-03-10 | FY2025 | interest expenses from amortized cost assets | 10,979 (EUR € million) | 3 |
| 2026-03-10 | FY2025 | interest-bearing debt | €109.4 billion | 3 |
| 2026-03-10 | FY2025 | group vehicle production worldwide | 8.9 million | 3 |
| 2026-03-10 | FY2025 | group production decline | -1.0% | 3 |
| 2026-03-10 | FY2025 | graduates proportion | 24.2% | 3 |
| 2026-03-10 | FY2025 | fleet customers market share Germany | 49.8% | 3 |
| 2026-03-10 | FY2025 | fleet customers market share Europe outside Germany | 28.4% | 3 |
| 2026-03-10 | FY2025 | financial guarantees maximum liability prior year | 787 | 3 |
| 2026-03-10 | FY2025 | financial guarantees maximum liability | 459 | 3 |
| 2026-03-10 | FY2025 | fast charging points Elli | approximately 88,000 | 3 |
| 2026-03-10 | FY2025 | fast charging points Electrify America | over 5,000 | 3 |
| 2026-03-10 | FY2025 | fair value related liabilities prior year | 37.4 billion | 3 |
| 2026-03-10 | FY2025 | fair value related liabilities | 36.6 billion | 3 |
| 2026-03-10 | FY2025 | Europe market share | 25% | 3 |
| 2026-03-10 | FY2025 | Europe electric vehicles sales growth | 66% | 3 |
| 2026-03-10 | FY2025 | Europe EV order increase | 21% | 3 |
| 2026-03-10 | FY2025 | Europe EV market share | 27% | 3 |
| 2026-03-10 | FY2025 | Euro Stoxx Automobiles & Parts index change | -4% | 3 |
| 2026-03-10 | FY2025 | EV global deliveries growth | 32% | 3 |
| 2026-03-10 | FY2025 | Electric vehicle production sites | 19 | 3 |
| 2026-03-10 | FY2025 | Electric drives produced | 1.2 million | 3 |
| 2026-03-10 | FY2025 | Drawn credit lines prior year | 2.1 billion | 3 |
| 2026-03-10 | FY2025 | Drawn credit lines | 0.1 billion | 3 |
| 2026-03-10 | FY2025 | Dividend per preferred share | €5.26 | 3 |
| 2026-03-10 | FY2025 | Dividend per ordinary share | €5.20 | 3 |
| 2026-03-10 | FY2025 | Dividend payout total | €2.6 billion | 3 |
| 2026-03-10 | FY2025 | Dividend payout ratio | 30% | 3 |
| 2026-03-10 | FY2025 | Dividend payments to shareholders prior year | 4,524 | 3 |
| 2026-03-10 | FY2025 | Dividend payments to shareholders | 3,171 | 3 |
| 2026-03-10 | FY2025 | Cost savings 2025 | around €1 billion | 3 |
| 2026-03-10 | FY2025 | Conquest rate | industry-leading | 3 |
| 2026-03-10 | FY2025 | Confirmed credit lines prior year | 32.4 billion | 3 |
| 2026-03-10 | FY2025 | Confirmed credit lines | 30.6 billion | 3 |
| 2026-03-10 | FY2025 | Compensated absence 2025 | 1,330 | 3 |
| 2026-03-10 | FY2025 | CO2 emissions USA model year 2025 | 131 g CO2/km | 3 |
| 2026-03-10 | FY2025 | CO2 emissions EU27+2 | 100 g CO2/km | 3 |
| 2026-03-10 | FY2025 | circular materials target 2040 | 40 | 3 |
| 2026-03-10 | FY2025 | China development pace increase | up to 30% | 3 |
| 2026-03-10 | FY2025 | China deliveries change | -8% | 3 |
| 2026-03-10 | FY2025 | charging points Elli | over one million | 3 |
| 2026-03-10 | FY2025 | charging points CAMS China | over 11,700 | 3 |
| 2026-03-10 | FY2025 | cash funds | €–4.0 billion | 3 |
| 2026-03-10 | FY2025 | calculated payout ratio | 39% | 3 |
| 2026-03-10 | FY2025 | battery systems produced | 1.2 million | 3 |
| 2026-03-10 | FY2025 | asset-backed securities financial assets prior year | 37.3 billion | 3 |
| 2026-03-10 | FY2025 | asset-backed securities financial assets | 36.5 billion | 3 |
| 2026-03-10 | FY2025 | asset-backed securities collateral prior year | 76.5 billion | 3 |
| 2026-03-10 | FY2025 | asset-backed securities collateral | 74.2 billion | 3 |
| 2026-03-10 | FY2025 | Asia excl. China deliveries change | +9% | 3 |
| 2026-03-10 | FY2025 | Volkswagen Group vehicle deliveries | 8,983,900 units | 3 |
| 2026-03-10 | FY2025 | vehicle sales | 9,022,111 (EUR units) | 3 |
| 2026-03-10 | FY2025 | total third-party borrowings | –264,703 | 3 |
| 2026-03-10 | FY2025 | TRATON GROUP non-controlling interests | 2,316 | 3 |
| 2026-03-10 | FY2025 | return on investment (ROI) Automotive Division | 4.8 (EUR %) | 3 |
| 2026-03-10 | FY2025 | return on investment (ROI) | 4.8 (EUR %) | 3 |
| 2026-03-10 | FY2025 | Return on equity Financial Services Division | 7.4 (EUR %) | 3 |
| 2026-03-10 | FY2025 | Production | 8,866,144 | 3 |
| 2026-03-10 | FY2025 | Porsche AG non controlling interests | 12,317 | 3 |
| 2026-03-10 | FY2025 | Plug-in hybrid vehicle deliveries | 427,980 units | 3 |
| 2026-03-10 | FY2025 | Operating return on sales | 2.8% | 3 |
| 2026-03-10 | FY2025 | Operating result after tax Automotive Division | 6,548 | 3 |
| 2026-03-10 | FY2025 | Operating lease assets | 82,486 (EUR in millions) | 3 |
| 2026-03-10 | FY2025 | Non controlling interests | 14,777 | 3 |
| 2026-03-10 | FY2025 | Net liquidity in the Automotive Division | 10.7% | 3 |
| 2026-03-10 | FY2025 | Net liquidity | –178,506 | 3 |
| 2026-03-10 | FY2025 | Market capitalization | 52.4 (EUR € billion) | 3 |
| 2026-03-10 | FY2025 | Investment property | 609 (EUR in millions) | 3 |
| 2026-03-10 | FY2025 | Invested capital (average) Automotive Division | 135,159 (EUR € million) | 3 |
| 2026-03-10 | FY2025 | Gross liquidity | 86,197 | 3 |
| 2026-03-10 | FY2025 | Gross liquidity | 86,197 | 3 |
| 2026-03-10 | FY2025 | Equity ratio Financial Services Division | 14.2 | 3 |
| 2026-03-10 | FY2025 | Equity ratio | 31.5 | 3 |
| 2026-03-10 | FY2025 | Equity attributable to Volkswagen AG shareholders and hybrid capital investors | 188.3 | 3 |
| 2026-03-10 | FY2025 | Electrified vehicle share of total deliveries | 15.7% | 3 |
| 2026-03-10 | FY2025 | Earnings before tax Financial Services Division | 3,340 | 3 |
| 2026-03-10 | FY2025 | Dividends per preferred share | 5.26 | 3 |
| 2026-03-10 | FY2025 | Dividends per ordinary share | 5.20 | 3 |
| 2026-03-10 | FY2025 | Dividend yield (preferred share) | 5.1 | 3 |
| 2026-03-10 | FY2025 | Dividend yield (ordinary share) | 4.9 | 3 |
| 2026-03-10 | FY2025 | Deliveries to customers | 9.0 | 3 |
| 2026-03-10 | FY2025 | Cash conversion rate in the Automotive Division | 122.1% | 3 |
| 2026-03-10 | FY2025 | Average equity Financial Services Division | 45,380 (EUR € million) | 3 |
| 2026-03-10 | FY2025 | All-electric vehicle deliveries (BEVs) | 983,120 units | 3 |
| 2025-03-11 | FY2024 | Women in management target 2025 | 20.2% | 2 |
| 2025-03-11 | FY2024 | Warranty and ex gratia repair per vehicle | increased since 2020 production year | 2 |
| 2025-03-11 | FY2024 | vehicles delivered | 9.0 million | 2 |
| 2025-03-11 | FY2024 | Training hours target 2030 | 30 | 2 |
| 2025-03-11 | FY2024 | Total water consumption | 0.70 | 2 |
| 2025-03-11 | FY2024 | Total waste | 0.57 | 2 |
| 2025-03-11 | FY2024 | Total energy consumption | 1.75 | 2 |
| 2025-03-11 | FY2024 | Total contingent liabilities | 10,329 | 2 |
| 2025-03-11 | FY2024 | Scope 2 GHG emissions market-based | 0.09 | 2 |
| 2025-03-11 | FY2024 | Scope 1 GHG emissions | 1.37 | 2 |
| 2025-03-11 | FY2024 | Sales network carbon footprint reduction target | at least 30% | 2 |
| 2025-03-11 | FY2024 | ROI | 9.7 | 2 |
| 2025-03-11 | FY2024 | Return on investment automotive | 9.7 (EUR %) | 2 |
| 2025-03-11 | FY2024 | Return on equity financial services | 6.8 (EUR %) | 2 |
| 2025-03-11 | FY2024 | Operating margin | 5.9 | 2 |
| 2025-03-11 | FY2024 | IT performance improvement target 2030 | 30% | 2 |
| 2025-03-11 | FY2024 | International top management target 2025 | 25.0% | 2 |
| 2025-03-11 | FY2024 | Gross margin | 18.3 | 2 |
| 2025-03-11 | FY2024 | Equity ratio financial services | 14.4 | 2 |
| 2025-03-11 | FY2024 | equity ratio | 31.1 | 2 |
| 2025-03-11 | FY2024 | contingent liabilities warranty | 63 (EUR € million) | 2 |
| 2025-03-11 | FY2024 | contingent liabilities pledged assets | 8 (EUR € million) | 2 |
| 2025-03-11 | FY2024 | contingent liabilities other | 9,424 | 2 |
| 2025-03-11 | FY2024 | contingent liabilities guarantees | 833 | 2 |
| 2025-03-11 | FY2024 | carbon footprint improvement id family | around two tonnes per vehicle | 2 |
| 2025-03-11 | FY2024 | Total third-party borrowings | 254,081 | 2 |
| 2025-03-11 | FY2024 | Return on investment (ROI) in the Automotive Division | 9.7% | 2 |
| 2025-03-11 | FY2024 | Operating return on sales (Volkswagen Group) | 5.9% | 2 |
| 2025-03-11 | FY2024 | Operating return on sales (Passenger Cars and Light Commercial Vehicles) | 5.7% | 2 |
| 2025-03-11 | FY2024 | Operating return on sales (Commercial Vehicles) | 9.1% | 2 |
| 2025-03-11 | FY2024 | Non-controlling interests TRATON GROUP | 1,525 | 2 |
| 2025-03-11 | FY2024 | Non-controlling interests Porsche AG | 12,707 | 2 |
| 2025-03-11 | FY2024 | Net liquidity Automotive Division | 40.3 billion | 2 |
| 2025-03-11 | FY2024 | Net cash flow Automotive Division | 10.7 billion | 2 |
| 2025-03-11 | FY2024 | Maximum potential liability financial guarantees | 787 million | 2 |
| 2025-03-11 | FY2024 | Lease assets | 73,815 (EUR in millions) | 2 |
| 2025-03-11 | FY2024 | Investment ratio | 14.3 | 2 |
| 2025-03-11 | FY2024 | Investment property | 1,458 (EUR in millions) | 2 |
| 2025-03-11 | FY2024 | Gross liquidity | 84,959 | 2 |
| 2025-03-11 | FY2024 | Gross cash flow TRATON GROUP | 5,654 (EUR in millions) | 2 |
| 2025-03-11 | FY2024 | Gross cash flow Porsche AG | 8,312 (EUR in millions) | 2 |
| 2025-03-11 | FY2024 | Drawn credit lines | 2.1 billion | 2 |
| 2025-03-11 | FY2024 | Dividend paid to non-controlling shareholders TRATON GROUP | 77 | 2 |
| 2025-03-11 | FY2024 | Dividend paid to non-controlling shareholders Porsche AG | 517 | 2 |
| 2025-03-11 | FY2024 | Deliveries to customers | 9.0 million | 2 |
| 2025-03-11 | FY2024 | Confirmed credit lines | 32.4 billion | 2 |
| 2025-03-11 | FY2024 | Cash conversion rate in the Automotive Division | 31.4% | 2 |
| 2025-03-11 | FY2024 | Carrying amount lease receivables | 68.2 billion | 2 |
| 2025-03-11 | FY2024 | BEV share 2024 | 8.3 | 2 |
| 2025-03-11 | FY2024 | BEV share 2023 | 8.3 | 2 |
| 2024-03-13 | FY2023 | Value contribution automotive division | €4,727 million | 1 |
| 2024-03-13 | FY2023 | Value at risk interest rate risk Volkswagen Financial Services | €976 million | 1 |
| 2024-03-13 | FY2023 | Value at risk foreign currency risk Volkswagen Financial Services | €133 million | 1 |
| 2024-03-13 | FY2023 | Total value at risk Volkswagen Financial Services | €893 million | 1 |
| 2024-03-13 | FY2023 | Taxonomy-eligible sales percentage | 92.3% | 1 |
| 2024-03-13 | FY2023 | Taxonomy-aligned sales percentage | 11.4% | 1 |
| 2024-03-13 | FY2023 | Share of low-carbon vehicles | 12.7% | 1 |
| 2024-03-13 | FY2023 | Sentiment rating | 82.5 | 1 |
| 2024-03-13 | FY2023 | Return on investment automotive division | 12.3% | 1 |
| 2024-03-13 | FY2023 | Return on equity financial services division | 8.8% | 1 |
| 2024-03-13 | FY2023 | Ratio Capex to sales revenue | 5.4 | 1 |
| 2024-03-13 | FY2023 | Of which in the passive phase of partial retirement | 12,358 | 1 |
| 2024-03-13 | FY2023 | Notional amount interest rate swaps within hedge accounting | 69,993 | 1 |
| 2024-03-13 | FY2023 | Notional amount interest rate swaps and other derivatives | 76,379 | 1 |
| 2024-03-13 | FY2023 | Modernization fund total volume | €125 million | 1 |
| 2024-03-13 | FY2023 | Modernization fund annual distribution | €25 million | 1 |
| 2024-03-13 | FY2023 | Maximum potential liability financial guarantees | €910 million | 1 |
| 2024-03-13 | FY2023 | Maximum credit risk not allocated to measurement category | 62,346 | 1 |
| 2024-03-13 | FY2023 | Maximum credit risk financial guarantees and credit commitments | 13,044 | 1 |
| 2024-03-13 | FY2023 | Maximum credit risk financial assets measured at amortized cost | 183,392 (EUR in millions) | 1 |
| 2024-03-13 | FY2023 | Equity ratio financial services division | 14.8% | 1 |
| 2024-03-13 | FY2023 | Drawn credit lines | €0.4 billion | 1 |
| 2024-03-13 | FY2023 | Cost of capital | 8.5% | 1 |
| 2024-03-13 | FY2023 | Contingent liabilities warranty contracts | 65 (EUR in millions) | 1 |
| 2024-03-13 | FY2023 | contingent liabilities other | 9,771 | 1 |
| 2024-03-13 | FY2023 | contingent liabilities guarantees | 548 | 1 |
| 2024-03-13 | FY2023 | Confirmed credit lines | €31.3 billion | 1 |
| 2024-03-13 | FY2023 | All-electric vehicles sold | 799 thousand | 1 |
| 2024-03-13 | FY2023 | Women in management increase from prior year | 1.9 | 1 |
| 2024-03-13 | FY2023 | Wages and salaries | 40,642 | 1 |
| 2024-03-13 | FY2023 | Volkswagen Group share of fleet customer registrations (Germany) | 47.0 | 1 |
| 2024-03-13 | FY2023 | Volkswagen AG proportion women second-level management target 2025 | 23.4 | 1 |
| 2024-03-13 | FY2023 | Volkswagen AG proportion women second-level management | 21.5 | 1 |
| 2024-03-13 | FY2023 | Volkswagen AG proportion women first-level management target 2025 | 16.5 | 1 |
| 2024-03-13 | FY2023 | Volkswagen AG proportion women first-level management | 15.3 | 1 |
| 2024-03-13 | FY2023 | Vocational trainees | 15,803 | 1 |
| 2024-03-13 | FY2023 | Variable lease expenses | 21 million | 1 |
| 2024-03-13 | FY2023 | Value contribution | 4,727 (EUR € million) | 1 |
| 2024-03-13 | FY2023 | Unit sales to dealer organization | 9,362,441 (EUR millions) | 1 |
| 2024-03-13 | FY2023 | Total third-party borrowings prior year | 205,312 | 1 |
| 2024-03-13 | FY2023 | Total third-party borrowings | 232,813 | 1 |
| 2024-03-13 | FY2023 | Total personnel expenses | 49,755 (EUR € million) | 1 |
| 2024-03-13 | FY2023 | Total management women proportion | 19.2 | 1 |
| 2024-03-13 | FY2023 | Total including vocational trainees | 607,818 | 1 |
| 2024-03-13 | FY2023 | Total including Chinese joint ventures | 678,825 | 1 |
| 2024-03-13 | FY2023 | Total comprehensive income prior year | 27,312 (EUR millions) | 1 |
| 2024-03-13 | FY2023 | Total comprehensive income | 15,589 (EUR millions) | 1 |
| 2024-03-13 | FY2023 | Total auditor fees | 38 | 1 |
| 2024-03-13 | FY2023 | Tax advisory services | – | 1 |
| 2024-03-13 | FY2023 | Suppliers with positive S-rating | 79 | 1 |
| 2024-03-13 | FY2023 | Suppliers receiving training | 7,700 | 1 |
| 2024-03-13 | FY2023 | Strategic HR planning coverage target | 35 | 1 |
| 2024-03-13 | FY2023 | Strategic HR planning coverage | 34.3 | 1 |
| 2024-03-13 | FY2023 | Share of result of equity-accounted investments | 2,291 | 1 |
| 2024-03-13 | FY2023 | Selling profit from finance leases | 1.6 billion | 1 |
| 2024-03-13 | FY2023 | Salaried staff | 330,284 | 1 |
| 2024-03-13 | FY2023 | S-ratings received | 10,912 | 1 |
| 2024-03-13 | FY2023 | Return on sales before tax | 7.2 (EUR %) | 1 |
| 2024-03-13 | FY2023 | Return on sales before tax | 7.2 (EUR %) | 1 |
| 2024-03-13 | FY2023 | Return on sales after tax | 5.6 (EUR %) | 1 |
| 2024-03-13 | FY2023 | Return on investment ROI | 12.3 (EUR %) | 1 |
| 2024-03-13 | FY2023 | return on investment (ROI) | 12.3 (EUR %) | 1 |
| 2024-03-13 | FY2023 | Return on equity before tax Financial Services | 8.8 (EUR %) | 1 |
| 2024-03-13 | FY2023 | R&D ratio | 8.1 | 1 |
| 2024-03-13 | FY2023 | R&D ratio | 8.1% | 1 |
| 2024-03-13 | FY2023 | Proportion of women in management (strategic target 2025) | 20.2 | 1 |
| 2024-03-13 | FY2023 | Productivity increase (including Chinese joint ventures) | 2.5 | 1 |
| 2024-03-13 | FY2023 | Production | 9,309 | 1 |
| 2024-03-13 | FY2023 | Personnel expense ratio | 15.4 | 1 |
| 2024-03-13 | FY2023 | Performance-related wage-earners | 261,731 | 1 |
| 2024-03-13 | FY2023 | Performance share plan total expense | 144 | 1 |
| 2024-03-13 | FY2023 | Performance share plan intrinsic value | 145 | 1 |
| 2024-03-13 | FY2023 | Performance share plan granted shares | 2,362,443 | 1 |
| 2024-03-13 | FY2023 | Performance share plan granted during reporting period | 943,003 | 1 |
| 2024-03-13 | FY2023 | Performance share plan fair value on granting date | 110 | 1 |
| 2024-03-13 | FY2023 | Performance share plan carrying amount of obligation | 254 | 1 |
| 2024-03-13 | FY2023 | Other services | 1 | 1 |
| 2024-03-13 | FY2023 | Other performance share plans total expense | 119 | 1 |
| 2024-03-13 | FY2023 | Other performance share plans intrinsic value | 92 | 1 |
| 2024-03-13 | FY2023 | Other performance share plans carrying amount | 131 | 1 |
| 2024-03-13 | FY2023 | Other operating income | 15,152 (EUR millions) | 1 |
| 2024-03-13 | FY2023 | Other operating expenses | 19,534 (EUR millions) | 1 |
| 2024-03-13 | FY2023 | Other assurance services | 2 | 1 |
| 2024-03-13 | FY2023 | Operating return on sales before special items | 7.0 (EUR %) | 1 |
| 2024-03-13 | FY2023 | Operating return on sales | 7.0 (EUR %) | 1 |
| 2024-03-13 | FY2023 | Operating return on sales | 7.0% | 1 |
| 2024-03-13 | FY2023 | Net liquidity prior year | -125,803 | 1 |
| 2024-03-13 | FY2023 | Net liquidity | –147,433 | 1 |
| 2024-03-13 | FY2023 | Net assets SAIC-Volkswagen Sales 2023 | 329 (EUR € million) | 1 |
| 2024-03-13 | FY2023 | Net assets SAIC-Volkswagen Automotive 2023 | 2,088 (EUR € million) | 1 |
| 2024-03-13 | FY2023 | Net assets FAW-Volkswagen 2023 | 8,276 (EUR € million) | 1 |
| 2024-03-13 | FY2023 | Marketable securities and time deposits prior year | 37,206 (EUR millions) | 1 |
| 2024-03-13 | FY2023 | Marketable securities and time deposits | 26,772 (EUR millions) | 1 |
| 2024-03-13 | FY2023 | Management performance share plan total expense | 998 | 1 |
| 2024-03-13 | FY2023 | Management performance share plan total carrying amount | 986 | 1 |
| 2024-03-13 | FY2023 | Internationalization of top management target 2025 | 25.0 | 1 |
| 2024-03-13 | FY2023 | Internationalization of top management | 25.6 | 1 |
| 2024-03-13 | FY2023 | Internal employer attractiveness target 2025 | 89.1 | 1 |
| 2024-03-13 | FY2023 | Internal employer attractiveness Volkswagen AG | 84.7 | 1 |
| 2024-03-13 | FY2023 | Internal employer attractiveness (index points) | 86.0 | 1 |
| 2024-03-13 | FY2023 | Interest income from net investment in finance leases | 3.3 billion | 1 |
| 2024-03-13 | FY2023 | Interest income | 2,658 (EUR millions) | 1 |
| 2024-03-13 | FY2023 | Interest expenses on lease liabilities | 233 million | 1 |
| 2024-03-13 | FY2023 | Interest expenses | 3,592 (EUR millions) | 1 |
| 2024-03-13 | FY2023 | Group share of fleet customer registrations (Europe excluding Germany) | 27.6 | 1 |
| 2024-03-13 | FY2023 | Gross result prior year | 52,184 | 1 |
| 2024-03-13 | FY2023 | Gross result | 61,022 | 1 |
| 2024-03-13 | FY2023 | Gross margin | 18.9 | 1 |
| 2024-03-13 | FY2023 | Gross liquidity prior year | 79,509 | 1 |
| 2024-03-13 | FY2023 | Gross liquidity | 85,380 | 1 |
| 2024-03-13 | FY2023 | Global vehicle production increase (including Chinese joint ventures) | 6.8 | 1 |
| 2024-03-13 | FY2023 | Financial statement audit services | 35 | 1 |
| 2024-03-13 | FY2023 | Financial result | 618 | 1 |
| 2024-03-13 | FY2023 | Financial Services total contracts | 24.6 million | 1 |
| 2024-03-13 | FY2023 | Financial Services penetration rate | 32.8% | 1 |
| 2024-03-13 | FY2023 | Financial Services new contracts | 9.5 million | 1 |
| 2024-03-13 | FY2023 | Expenses for short-term leases | 262 million | 1 |
| 2024-03-13 | FY2023 | Expenses for low-value asset leases | 294 million | 1 |
| 2024-03-13 | FY2023 | Equity ratio | 31.6 | 1 |
| 2024-03-13 | FY2023 | Equity interest SAIC-Volkswagen Sales Company | 30 (EUR %) | 1 |
| 2024-03-13 | FY2023 | Equity interest SAIC-Volkswagen Automotive Company | 50 (EUR %) | 1 |
| 2024-03-13 | FY2023 | Equity interest FAW-Volkswagen Automotive Company | 40 (EUR %) | 1 |
| 2024-03-13 | FY2023 | Equity attributable to Volkswagen AG hybrid capital investors prior year | 14,121 (EUR millions) | 1 |
| 2024-03-13 | FY2023 | Equity attributable to Volkswagen AG hybrid capital investors | 15,155 (EUR millions) | 1 |
| 2024-03-13 | FY2023 | Equity | 189,912 (EUR € million) | 1 |
| 2024-03-13 | FY2023 | Effective tax rate (prior year) | 28.2 | 1 |
| 2024-03-13 | FY2023 | Effective tax rate | 22.7 | 1 |
| 2024-03-13 | FY2023 | Effective income tax expense (prior year) | 6,217 (EUR € million) | 1 |
| 2024-03-13 | FY2023 | Effective income tax expense | 5,266 (EUR € million) | 1 |
| 2024-03-13 | FY2023 | Distribution expenses | 21,340 (EUR millions) | 1 |
| 2024-03-13 | FY2023 | Deliveries to customers | 9,240 | 1 |
| 2024-03-13 | FY2023 | Deliveries to customers | 9,239,512 | 1 |
| 2024-03-13 | FY2023 | Cash outflows from leases | 1,986 million | 1 |
| 2024-03-13 | FY2023 | Carrying amount of lease receivables | 62.3 billion | 1 |
| 2024-03-13 | FY2023 | Capitalized borrowing costs | 507 (EUR € million) | 1 |
| 2024-03-13 | FY2023 | Business fleet customers share of total registrations (Germany) | 21.4 | 1 |
| 2024-03-13 | FY2023 | Automotive investment ratio | 13.5% | 1 |
| 2024-03-13 | FY2023 | Automotive Division net liquidity | 40,289 | 1 |
| 2024-03-13 | FY2023 | Administrative expenses | 12,724 (EUR millions) | 1 |
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Guidance Tracking (latest per metric/period · 21/34)#
All management forecasts (guidance) and their later outcome. Types: fiscal-year targets as well as quarterly/half-year targets; per metric and period the most recent statement applies, older versions can be expanded. The status is checked automatically against the actuals reported later: open (period still running), met, beaten, missed. For ranges (“X to Y”) reaching the range counts. Logged neutrally, no estimate of our own, no assessment.
Actuals: revenue in €m · ratios in %
| For period | Guided on | Metric | Guided | Actual | Verdict | Direction | Source |
|---|---|---|---|---|---|---|---|
| FY2026 | 2026-07-24 | Revenue growth (YoY) | -3–0% | – | pending | cut | 5 |
| FY2026 | 2026-07-24 | Deliveries to Volkswagen Group customers | -7–-3% | – | pending | cut | 5 |
| FY2026 | 2026-07-24 | Sales revenue - Volkswagen Group | -3–0% | – | pending | cut | 5 |
| FY2026 | 2026-07-24 | Sales revenue - Passenger Cars and Light Commercial Vehicles segment | -4–-2% | – | pending | cut | 5 |
| FY2026 | 2026-07-24 | Operating return on sales - Commercial Vehicles segment | 4–6% | – | pending | initiated | 5 |
| FY2026 | 2026-07-24 | Operating return on sales | 4–5.5% | – | pending | cut | 5 |
| FY2026 | 2026-07-24 | Deliveries to customers | -7–-3% | – | pending | cut | 5 |
| FY2026 | 2026-07-24 | Automotive investment ratio | 11–12% | – | pending | confirmed | 5 |
| FY2026 | 2026-07-24 | Net cash flow in the Automotive Division | 3,000–6,000 | – | pending | confirmed | 5 |
| FY2026 | 2026-07-24 | Net liquidity in the Automotive Division | 32,000–34,000 | – | pending | confirmed | 5 |
| FY2026 | 2026-03-10 | Capex | 11,000–12,000 | – | pending | confirmed | 3 |
| FY2026 | 2026-03-10 | operating_income | 4–5.5 | – | pending | raised | 3 |
| FY2026 | 2026-03-10 | ocf | 3–6 | – | pending | initiated | 3 |
| FY2026 | 2026-03-10 | cash | 32–34 | – | pending | initiated | 3 |
| FY2025 | 2026-03-10 | Revenue | similar to prior-year level | 321,913 | – | confirmed | 3 |
| FY2025 | 2026-03-10 ° | Operating return on sales | 2–3 | – | – | confirmed | 3 |
| FY2025 | 2025-03-11 | Revenue growth (YoY) | 5% | -0.8 | miss | raised | 2 |
| FY2025 | 2025-03-11 | Capex growth (YoY) | 12–13% | 41.5 | beat | – | 2 |
| FY2025 | 2025-03-11 | operating_income | 5.5–6.5% | – | – | initiated | 2 |
| FY2025 | 2025-03-11 | ocf | 2,000–5,000 | – | – | initiated | 2 |
| FY2025 | 2025-03-11 | cash | 34,000–37,000 | – | – | initiated | 2 |
| FY2024 | 2024-03-13 | Revenue growth (YoY) | 5% | 0.7 | miss | raised | 1 |
| FY2024 | 2024-03-13 | Operating return on sales - Volkswagen Group and Passenger Cars | 7–7.5% | – | – | confirmed | 1 |
| FY2024 | 2024-03-13 | Operating return on sales - Commercial Vehicles | 8.5–9.5% | – | – | confirmed | 1 |
| FY2024 | 2024-03-13 | Sales revenue - Power Engineering | 2% | – | – | confirmed | 1 |
| FY2024 | 2024-03-13 | Sales revenue - Financial Services | 3–7% | – | – | raised | 1 |
| FY2024 | 2024-03-13 | Operating result - Financial Services | 4,000 | – | – | confirmed | 1 |
| FY2024 | 2024-03-13 | Net cash flow | 4,500–6,500 | – | – | confirmed | 1 |
| FY2024 | 2024-03-13 | Net liquidity - Automotive Division | 39,000–41,000 | – | – | confirmed | 1 |
| FY2024 | 2024-03-13 | Investment ratio - Automotive Division | 13.5–14.5% | – | – | confirmed | 1 |
| FY2024 | 2024-03-13 | Deliveries to customers | 3% | – | – | confirmed | 1 |
| FY2023 | 2024-03-13 ° | Revenue growth (YoY) | 10–15% | – | – | confirmed | 1 |
| FY2023 | 2024-03-13 ° | Operating return on sales before special items | 7.5–8.5% | – | – | confirmed | 1 |
| FY2023 | 2024-03-13 ° | Operating result before special items | ~22,500 | – | – | confirmed | 1 |
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Development#
A condensed summary per reporting period as running text: what changed operationally, which drivers management names, how earnings and cash flow developed. Most recent period first, grouped by year; each text is written from the original report of that period, superscript numbers lead to the source.
FY2026
In the first half of 2026, Volkswagen Group recorded group sales revenue of 75,658 in Q1 and 82,444 in Q2, while group deliveries declined 6.3% year-on-year to 4.1 million vehicles, driven by significant volume declines in North America and Asia-Pacific 5. The H1 group operating result fell to €5.9 billion from €6.7 billion, impacted by €0.5 billion in expenses from the discontinuation of ID.4 production at the Chattanooga site and negative mix effects; earnings before tax declined to €4.8 billion from €6.4 billion, and earnings after tax to €3.1 billion from €4.5 billion 5. On the strategic front, Volkswagen invested an additional USD 1 billion in Rivian in April 2026, raising its equity interest to 15.9%, and on June 24, 2026 entered an arrangement with Bain Capital to sell a 51% stake in Everllence targeting approximately €7.4 billion in cash inflow by December 31, 2026 5. Volkswagen also agreed to acquire a further 27% of Green Mobility Holding, the Europcar parent, for approximately €1 billion planned for 2027, which would bring its stake to 93% 5. Full-year guidance was revised, with group deliveries now expected to decline 7.0% to 3.0% and group sales revenue to decline 3.0% to 0%, citing significant market volume declines in China 5.
FY2025
Volkswagen Group reported full-year 2025 sales revenue of 321,913 million, broadly stable with the prior-year level, while operating profit declined significantly to 8,868 million from €19,060 million in 2024, primarily due to non-cash impairment losses at Porsche (€2.7 billion goodwill impairment and €2.0 billion on capitalized project costs) and US import tariff costs of €2.9 billion 3. Operating return on sales fell to 2.8% from 5.9% in the prior year, with gross margin declining to 15.9% from 18.3% due to higher material costs and adverse tariff and exchange rate effects 3. Net income for the year was 6,904 million, with diluted earnings per share of 13.29 3. Group free cash flow was -9,337 million as capital expenditure of 24,346 million exceeded operating cash flow of 15,009 million, while Automotive Division net cash flow increased to €6.4 billion and year-end net liquidity in that division stood at approximately €34.5 billion 3.
FY2024
Volkswagen Group achieved sales revenue of 324,656 million in fiscal year 2024, up 0.7% year-on-year 2, as global vehicle deliveries fell 2.3% to 9.0 million units compared to the prior year 2. The operating result of 19,060 million was 15.4% below the prior-year figure, primarily reflecting €3.0 billion in restructuring charges at Volkswagen AG and Audi Group as well as negative mix and pricing effects 2. Group net income was 12,394 million, with diluted earnings per ordinary share at 21.36 2. Group free cash flow was -51 million as the Automotive Division's operating free cash flow declined to €5.0 billion from €10.7 billion, with the cash conversion rate falling to 31.4% from 57.1% 2. Key events of the year included the November 2024 formation of a joint venture with Rivian for software-defined vehicle architectures, a €661 million non-cash write-down following Northvolt AB's bankruptcy filing, and a December 2024 collective bargaining agreement creating conditions for €1.5 billion in annual labor cost savings through 2030 2.
FY2023
Volkswagen Group reported sales revenue of 322,284 million in FY2023, up 15.5% from the prior year, driven by 9.2 million vehicle deliveries (up 11.8%), improved price positioning, and favorable mix, partially offset by exchange rate effects 1. The operating result of 22,528 million was largely flat year-over-year, as volume and pricing gains were offset by higher product costs and unfavorable derivative fair value measurements, while the operating return on sales declined to 7.0% from 7.9% in 2022 1. Net income rose to 17,861 million and diluted earnings per share reached 31.79 1. The Automotive Division net cash flow more than doubled year-over-year to €10.7 billion on stronger-than-expected inventory reduction, with Automotive Division net liquidity at €40.3 billion at year-end, at the upper end of the expected range 1. Key strategic actions included the acquisition of a 4.99% stake in XPeng Inc. for USD 706 million, the establishment of the CARIZON joint venture with Horizon Robotics for autonomous driving in China, and the completed divestiture of Russian operations in May 2023 1.
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Glossary#
- Revenue: Revenue from contracts with customers, net of sales deductions, as the company itself reports it; not total output, gross revenue, GMV or order intake.
- Op. income: The operating line of the income statement; EBIT only as a marked fallback, never pre-tax or ordinary income.
- Net income: Net income attributable to the shareholders of the parent, after discontinued operations; not the result including minority interests, not comprehensive income.
- EPS: Diluted earnings per share attributable to the shareholders of the parent; a printed figure always beats a calculated one, calculated values are marked.
- FCF: Free cash flow = operating cash flow minus capital expenditure on property, plant and equipment; the company's own free cash flow figure is shown separately.
- OCF: Cash flow from operating activities as reported; IFRS companies may show interest paid in financing cash flow, so the figure is not always comparable.
- Cash: Cash and cash equivalents, without securities unless the company reports them as part of the position.
- Net Debt: Net debt = financial debt excluding lease liabilities minus cash at the same reporting date; the company's own net position may differ.
- *: derived, the formula is in the hover
- ≈: calculated, approximation
- ~: uncertain; the value stays visible, verdicts do not use it
- °: repaired by a targeted query against the document, or curated with documentary evidence
- EBIT: EBIT as a fallback: the income statement carries no operating line
- basic: basic earnings per share as a fallback when diluted is missing
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Sources: official investor relations documents#
All original documents used, with type (e.g. quarterly, half-year, annual report), publication date and a direct link to the filing (EDINET/SEC/IR). Every superscript number in the report points to an entry in this list; so every figure can be traced back to its place in the original.
4 documents · 2024 – 2026 · IR
| # | Document type | Published | Link |
|---|---|---|---|
| #1 / #101 | IR-Annual | 2024-03-13 | Open |
| #2 / #105 | IR-Annual | 2025-03-11 | Open |
| #3 / #109 | IR-Annual | 2026-03-10 | Open |
| #5 / #115 | IR-Half | 2026-07-24 | Open |
FAQ#
Is there a management forecast (guidance) for FY2026?
Yes. Management has issued targets for FY2026, including Revenue growth (YoY). The guidance tracking chapter shows all targets and checks them against the actuals reported later; neutral, with no estimate of our own.
Which additional key figures does Volkswagen AG (Vz) report?
As reported for H1 2026: Operating return on sales, R&D ratio, Equity ratio, Gross margin, Electrified vehicle share of total deliveries, Automotive Division net liquidity. The chapter Reported KPIs lists every value with its source. Revenue is broken down by Škoda, Europe/Other Markets, Core brand group, Progressive brand group.
Does Volkswagen AG (Vz) pay a dividend?
The filings report on the dividend; most recent entry: dividends paid €5.26 (FY2025) (as reported, no assessment of our own). Details with source links are in the report chapters.
Where can I find the official investor relations documents of Volkswagen AG (Vz)?
The sources chapter links all 8 original filings used (IR documents) with type, publication date and a direct link; every figure in the report carries a source number.
More reports#
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