Early Access

10-KPeriod: FY2025

General Motors Co Annual Report, Year Ended Dec 31, 2025

Filed January 27, 2026For Securities:GM

Summary

General Motors (GM) reported its 2025 annual results, showcasing resilience amidst evolving market conditions. The company successfully navigated challenges such as shifting EV demand and tariff impacts, largely driven by the strong performance of its internal combustion engine (ICE) truck and SUV portfolio. GM is strategically realigning its EV capacity to better match consumer demand, a process that included significant charges in the past year but is now complete. The company remains committed to its long-term EV strategy, focusing on product development and cost efficiencies. Financially, GM demonstrated its ability to generate strong cash flow, supporting investments in future growth areas like advanced driver-assistance systems (ADAS) and software-enabled services. The GM Financial segment also performed well, contributing positively to the overall results. The company continues to return value to shareholders through dividends and share repurchases, reflecting confidence in its ongoing strategy and financial health.

Financial Statements
Beta
Revenue$185.02B
Operating Expenses$182.11B
Operating Income$2.91B
Net Income$2.70B
EPS (Basic)$3.33
EPS (Diluted)$3.27
Shares Outstanding (Basic)955.00M
Shares Outstanding (Diluted)973.00M

Key Highlights

  • 1GM successfully navigated a dynamic automotive market in 2025, with strong performance from its ICE truck and SUV segments contributing significantly to financial results.
  • 2The company has completed its strategic realignment of EV capacity and manufacturing footprint to align with current consumer demand, following substantial charges incurred in the prior year.
  • 3GM International (GMI) saw improved EBIT-adjusted performance, driven by favorable pricing and mix, despite overall sales volume decreases in certain regions.
  • 4GM Financial demonstrated robust revenue growth, primarily driven by an increase in finance charge income and leased vehicle income.
  • 5The company continues to invest in software-enabled services and ADAS technology, signaling a commitment to evolving mobility solutions beyond traditional vehicle sales.
  • 6GM returned significant capital to shareholders through share repurchases and dividend increases, underscoring its commitment to shareholder value.
  • 7Tariff impacts were substantial, with EBIT-adjusted affected by $3.1 billion, and the company is closely monitoring the evolving tariff environment.

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