General Motors CoGM

General Motors Co Financial Overview 2021–2025

Updated Jul 10, 2026

General Motors absorbed a staggering $6.0 billion charge at the end of FY2025 to rapidly scale back its electric vehicle ambitions and shift factory capacity back to gas-powered trucks and SUVs. The automaker is aggressively unwinding its all-electric strategy to protect the highly profitable internal combustion engine portfolio that actually funds its operations and capital returns. This pivot comes after taking earlier hits, including a $1.6 billion EV impairment and a $0.3 billion charge to wind down its Cruise robotaxi operations in Q3 2025.

The financial toll of this strategic retreat has fundamentally reshaped the company's bottom line. Reported earnings dropped from $6.70 per share in FY2021 to just $3.27 in FY2025 as the company navigated mounting restructuring costs and an estimated $4.0 billion to $5.0 billion in new tariff impacts. However, GM aggressively cushioned this earnings pressure by shrinking its share base from 1.50 billion shares in FY2021 to 0.90 billion by FY2025. Despite the heavy restructuring burden and slightly lower Q1 2026 operating income of $2.93 billion, investors rewarded the company's renewed focus on its most lucrative vehicles. At the close of FY2025, the market valued the automaker at a $73.5 billion market cap, with the stock trading at $81.32 and a 24.9x earnings multiple.

Recent Developments (Q4 2025 and Q1 2026)

General Motors opened 2026 with continued strategic realignments, recognizing an additional $1.1 billion in Q1 2026 charges tied to EV capacity reassessments and commercial negotiations. Total net sales and revenue slipped to $43.62 billion in the quarter, down from $44.02 billion a year earlier, driving net income down to $2.63 billion. To support capital returns, the company expanded its share repurchase capacity by $6.0 billion in January 2026 and secured a new $2.0 billion revolving credit facility in March 2026. Additionally, the board of directors will shrink to 10 members following a scheduled June 2026 retirement.

Bulls highlight the strong performance of GM Financial, which grew quarterly revenue to $4.28 billion, alongside a formidable $33.2 billion automotive liquidity buffer. Bears warn that sliding top-line revenue and recurring billion-dollar realignment costs make the stock appear fully priced at 24.1x earnings as of April 2026.

What to watch: margin impacts from ongoing commercial negotiations; performance of GM International following recent pricing improvements

Rev

$185.02B

-1.3% YoY

FY2025

NI

$2.78B

-53.4% YoY

FY2025

EPS

$3.33

-48.4% YoY

FY2025

OCF

$26.87B

+33.5% YoY

FY2025

Revenue Trend
Beta

Year-over-year comparison from 10-K annual reports

View full history →

Data from SEC Company Facts

All GM Financial Metrics(60)

Recent SEC Filings

General Motors Co 8-K Report, Material Agreement (Aug 11, 2026)

General Motors (GM) has entered into a Master IPU Agreement with Procura Auto Parts LLC, establishing a novel program designed to enhance supply chain resilience. This program allows GM to issue irrevocable payment undertakings (IPUs) to Procura Auto Parts, which will then advance funds to GM's suppliers. In return, these suppliers will acquire and hold critical inventory on behalf of GM. The primary objective is to mitigate production risks arising from supply chain disruptions such as extreme weather, natural disasters, or excessive demand, thereby securing essential components for vehicle manufacturing. This arrangement creates a financial obligation for GM, potentially up to $4.5 billion, which will be accounted for as unsecured debt. While designed to bolster operational continuity, investors should note the associated interest rate of SOFR plus 1.55% on outstanding IPUs and a ticking fee on the unutilized facility. The program offers a strategic advantage in managing supply chain volatility, but also introduces a new layer of financial commitment to be monitored within GM's capital structure.

General Motors Co 8-K Report, Financial Results (Jul 21, 2026)

General Motors Company (GM) has filed an 8-K report on July 21, 2026, to announce its second quarter 2026 consolidated earnings. The report primarily references a news release and supplemental materials (Exhibit 99.1) containing detailed financial results and highlights for the quarter. Investors seeking specific performance metrics, such as revenue, net income, earnings per share, and segment performance, should refer to the content of Exhibit 99.1 and the supplemental charts available on GM's investor relations website. This filing does not inherently carry the same liability as a "filed" document under Section 18 of the Exchange Act, but it provides timely information regarding the company's financial condition. While the 8-K itself is brief, the attached exhibits are critical for a comprehensive understanding of GM's Q2 2026 performance. Investors should pay close attention to any commentary within the news release regarding sales trends, profitability drivers, forward-looking guidance, and any strategic updates. The supplemental charts are likely to offer visual representations of key financial data and operational metrics, aiding in the analysis of the company's performance against expectations and prior periods.

General Motors Co 8-K Report, Executive Changes (Jun 4, 2026)

General Motors Company (GM) filed an 8-K on June 4, 2026, detailing key outcomes from its Annual Meeting of Shareholders held on June 2, 2026. The most significant development for investors is the shareholder approval of Amendment No. 2 to the 2020 Long-Term Incentive Plan (2020 LTIP). This amendment increases the share pool available for equity awards by 27 million shares and extends the plan's term by 10 years to June 3, 2036, indicating a continued reliance on equity-based compensation to incentivize management and employees. Furthermore, all 10 director nominees were elected for one-year terms, and shareholders ratified the appointment of Ernst & Young LLP as the independent registered public accounting firm for 2026. In an advisory vote, shareholders approved the compensation of named executive officers and affirmed an annual frequency for future advisory "say-on-pay" votes. Notably, two shareholder proposals—one seeking the separation of Chair and CEO roles and another requesting a report on human rights standards for Indigenous Peoples—failed to gain majority support.

General Motors Co 8-K Report, Executive Changes (May 26, 2026)

General Motors Company (GM) announced on May 26, 2026, that Jonathan McNeill will retire from its Board of Directors upon the conclusion of the 2026 Annual Meeting of Shareholders scheduled for June 2, 2026. This departure is not due to any disagreements concerning the company's operations, policies, or practices, which is a positive indicator for internal stability. The company expressed gratitude for Mr. McNeill's service and contributions. Following Mr. McNeill's retirement, the Board of Directors plans to reduce its size from 11 to 10 members. This strategic adjustment in board size may signal a streamlined governance approach moving forward. Investors should monitor any future changes in board composition or governance structure.

General Motors Co 8-K Report, Financial Results (Apr 28, 2026)

General Motors Company (GM) has filed an 8-K report on April 28, 2026, to disclose its first quarter 2026 consolidated earnings. The report primarily serves to provide investors with the company's financial results for the period, referencing a news release and supplemental materials furnished as Exhibit 99.1 for detailed information. Investors should consult these attached exhibits for specific financial performance metrics, operational achievements, and forward-looking statements made by GM management. The company has also made these charts available on its investor relations website.

View all 8-K filings →
View all filings (10-K, 10-Q, 8-K, proxy & more) →