General Motors Co (GM) Earnings History

General Motors Co - Q3 2025 EarningsMissed

Filed at: Oct 20, 2025, 8:00 PM EDT|Read from source

EXECUTIVE SUMMARY

General Motors reported a challenging third quarter with a significant decline in net income and EBIT-adjusted, primarily driven by weakness in its North American operations. Despite a slight decrease in revenue, the company updated its full-year guidance, raising its outlook for EBIT-adjusted and adjusted diluted EPS, signaling confidence in future performance despite current quarter headwinds.

POSITIVE HIGHLIGHTS

  • •

    Full-year EBIT-adjusted guidance raised to $12.0B - $13.0B from $10.0B - $12.5B.

    positive
  • •

    Full-year adjusted diluted EPS guidance raised to $9.75 - $10.50 from $8.25 - $10.00.

    positive
  • •

    Full-year adjusted automotive free cash flow guidance range increased to $10.0B - $11.0B from $7.5B - $10.0B.

    positive
  • •

    GM Financial EBT-adjusted increased 17.0% to $804 million.

    positive

CONCERNS & RISKS

  • •

    Net income attributable to stockholders decreased 56.6% to $1.3 billion from $3.1 billion in the prior year.

    negative
  • •

    EBIT-adjusted decreased 18.0% to $3.4 billion from $4.1 billion in the prior year.

    negative
  • •

    Net income margin compressed to 2.7% from 6.3% in the prior year.

    negative
  • •

    EBIT-adjusted margin compressed to 6.9% from 8.4% in the prior year.

    negative
  • •

    Automotive operating cash flow decreased 22.8% to $6.1 billion from $7.9 billion in the prior year.

    negative
  • •

    Adjusted automotive free cash flow decreased 28.0% to $4.2 billion from $5.8 billion in the prior year.

    negative
  • •

    GMNA EBIT-adjusted decreased 37.1% to $2.5 billion from $4.0 billion in the prior year.

    negative
  • •

    GMNA EBIT-adjusted margin compressed significantly to 6.2% from 9.7% in the prior year.

    negative
  • •

    Diluted EPS decreased 49.6% to $1.35 from $2.68 in the prior year.

    negative
  • •

    Total net sales and revenue decreased 0.3% to $48.6 billion.

    attention
  • •

    Wholesale vehicle sales volume decreased in both GMNA and GMI segments year-over-year.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$48.59B
-0.3%
Prior year: $48.76B
Net Income
Quarterly
$1.33B
-56.6%
Prior year: $3.06B
EPS (Diluted)
Quarterly
$1.35
-49.6%
Prior year: $2.68
Operating Income
Quarterly
$1.08B
-70.6%
Prior year: $3.65B
EPS (Basic)
Quarterly
$1.37
-49.4%
Prior year: $2.71

MARGIN ANALYSIS

Operating Margin
Current Quarter
2.2%
Prior Year
7.5%
YoY Change
-530 bps
Net Margin
Current Quarter
2.7%
Prior Year
6.3%
YoY Change
-360 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

REVENUE BY SEGMENT — Q3 2025 2025

VISUAL OVERVIEW

|
Automotive
91.1%
$44256000.0B
(-1.1% YoY)
Prior year: $44735000.0B
GM Financial
8.9%
$4337000.0B
(+7.6% YoY)
Prior year: $4031000.0B
Cruise
0.0%
$0.00M
Prior year: $26000.0B

DETAILED BREAKDOWN

|
SegmentCurrentPrior YrYoY% Total
Automotive
$44256000.0B$44735000.0B-1.1%91.1%
GM Financial
$4337000.0B$4031000.0B+7.6%8.9%
Cruise
$0.00M$26000.0B——
Total Revenue$48593000.0B——100.0%

Segment performance shows business unit health and growth drivers.

MANAGEMENT GUIDANCE

FY 2025

Net income attributable to stockholders
7,700,000,000—8,300,000,000
Mid-point: 8,000,000,000
EBIT-adjusted
12,000,000,000—13,000,000,000
Mid-point: 12,500,000,000
Automotive operating cash flow
19,200,000,000—21,200,000,000
Mid-point: 20,200,000,000
Adjusted automotive free cash flow
10,000,000,000—11,000,000,000
Mid-point: 10,500,000,000
EPS-diluted
$8.30—$9.05
Mid-point: $8.68
EPS-diluted-adjusted
$9.75—$10.50
Mid-point: $10.13

Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.

MANAGEMENT COMMENTARY

GM is driving the future of transportation, leveraging advanced technology to build safer, smarter, and lower emission cars, trucks, and SUVs.

— General Motors Co, Q3 2025 2025 Earnings Call

GM's Buick, Cadillac, Chevrolet, and GMC brands offer a broad portfolio of innovative gasoline-powered vehicles and the industry's widest range of EVs, as we move to an all-electric future.

— General Motors Co, Q3 2025 2025 Earnings Call

The company is updating its 2025 full-year earnings guidance, raising its outlook for EBIT-adjusted and adjusted diluted EPS.

— General Motors Co, Q3 2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

GMI wholesale vehicle sales
137.0K
-2.1% YoY
Prior year: 140.0K
vehicles
GMNA wholesale vehicle sales
840.0K
-5.9% YoY
Prior year: 893.0K
vehicles
North America capacity two-shift utilization
118.3
+8.4% YoY
Prior year: 109.1
%
Total wholesale vehicle sales
977.0K
-5.4% YoY
Prior year: 1.0M
vehicles

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.