What were the primary drivers of the decrease in net income for the third quarter of 2025 compared to the prior year?

The decrease in net income was primarily driven by significant charges recorded in the quarter related to the strategic realignment of EV capacity and manufacturing footprint ($1.6 billion) and costs associated with the wind-down of Cruise robotaxi operations. These one-time charges, along with higher warranty-related costs and increased material and freight expenses (including tariffs), impacted the bottom line.

How did GM Financial perform during the third quarter of 2025?

GM Financial demonstrated strong performance, with total revenue increasing by 7.6% to $4.3 billion. This growth was driven by increased leased vehicle income and finance charge income, reflecting a larger portfolio and higher average interest rates. EBT-adjusted also saw a significant increase of 17.0% to $804 million.

What is the company's outlook for the full year 2025?

General Motors reaffirmed its full-year 2025 outlook. The company expects Net Income Attributable to Stockholders to be between $7.7 billion and $8.3 billion, and Diluted EPS to be between $8.30 and $9.05. The adjusted outlook (EPS-diluted-adjusted) is projected between $9.75 and $10.50.

What is the impact of tariffs and recent policy changes on GM's business?

The company estimates tariffs will have a $3.5 billion to $4.5 billion impact on its 2025 EBIT-adjusted results. Recent policy changes, including modifications to tariffs and the Act signed into law, are expected to have a material positive benefit to the fourth quarter and future quarters due to increased competitiveness of U.S.-produced vehicles and revised import adjustment programs. However, the tariff environment remains dynamic and could materially impact financial results.

GM 10-Q Quarterly Report Q3 FY2025 — Revenue, Net Income, EPS

Summary

General Motors Co. (GM) reported its third-quarter 2025 results, demonstrating resilience in a dynamic market. Total net sales and revenue for the quarter were $48.6 billion, a slight decrease from $48.8 billion in the prior year period, reflecting a mix of volume and pricing impacts. Despite this, the company maintained profitability, with net income attributable to stockholders at $1.33 billion, compared to $3.06 billion in the same quarter last year. Earnings per diluted share were $1.35, down from $2.68 year-over-year. The company's financial performance was influenced by strategic adjustments, including significant charges related to EV capacity realignment and the wind-down of Cruise robotaxi operations. These charges impacted profitability in the current quarter. However, GM's core automotive business, particularly in North America, showed stable revenue, supported by strong demand and pricing power for its trucks and SUVs. GM Financial also delivered robust revenue growth, contributing positively to the overall results. The company is actively managing its capital, including share repurchases and debt management, and reaffirmed its full-year 2025 outlook, projecting a net income attributable to stockholders between $7.7 billion and $8.3 billion.

Financial Highlights

45 data points

Beta

Revenue

$48.59B

Net Income

$1.33B

0.0% Net Margin

EPS (Diluted)

$1.35

Total Assets

$288.17B

Cash & Equivalents

$22.91B

Free Cash Flow

$4.97B

Financial Statements

Beta

Revenue	$48.59B
Operating Expenses	$47.52B
Operating Income	$1.08B
Net Income	$1.33B
EPS (Basic)	$1.37
EPS (Diluted)	$1.35
Shares Outstanding (Basic)	944.00M
Shares Outstanding (Diluted)	964.00M

Key Highlights

1Total net sales and revenue for Q3 2025 were $48.6 billion, slightly down from $48.8 billion in Q3 2024.
2Net income attributable to stockholders was $1.33 billion, a decrease from $3.06 billion in Q3 2024, impacted by significant restructuring charges.
3Diluted earnings per share (EPS) was $1.35, down from $2.68 in the prior year quarter.
4GM Financial reported a revenue increase of 7.6% to $4.3 billion and an EBT-adjusted increase of 17.0% to $804 million.
5The company recorded significant charges of $1.6 billion related to EV strategic realignment and $0.3 billion for the wind-down of Cruise operations.
6Automotive and other selling, general, and administrative expenses decreased by 25.8% to $2.0 billion in Q3 2025.
7GM reaffirmed its full-year 2025 outlook, with projected Net Income Attributable to Stockholders between $7.7 billion and $8.3 billion.

General Motors Co Quarterly Report for Q3 Ended Sep 30, 2025

Summary

Financial Highlights

Key Highlights

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