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Mercedes-Benz Group (MBG) investor relations material
Mercedes-Benz Group Q3 2025 (Media) earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 (Media) earnings summary29 Oct, 2025
Executive summary
Major product launches included the new CLA, the first software-defined vehicle, and GLC, with strong feedback and order intake.
Q3 2025 revenue was €32.1bn, down 7% YoY; Q1–Q3 2025 revenue was €98.5bn, down 8% YoY.
Net profit for Q3 2025 was €1.2bn, down 31% YoY; Q1–Q3 2025 net profit was €3.9bn, down 50% YoY.
Top-End car sales rose 10% YoY, now 15% of mix, while total car sales fell 12% YoY; BEV sales up 22% for cars and 25% for vans sequentially.
Free cash flow (industrial business) at €1.4bn in Q3; Q1–Q3 free cash flow at €5.6bn, down 11% YoY.
Financial highlights
Group revenue down 7% YoY to €32.1bn in Q3; adjusted EBIT down 17% YoY to €2.1bn; EPS down 33% YoY to €1.22.
EBIT for Q3 2025 was €750m, down 70% YoY; Q1–Q3 2025 EBIT was €4.3bn, down 59%.
Cars revenue down 7% YoY to €23.7bn; adjusted EBIT down 6% to €1.1bn; adjusted CFBIT down 37% to €1.5bn.
Vans revenue down 13% YoY to €4.0bn; adjusted EBIT down 34% to €412m; adjusted CFBIT down 68% to €297m.
Net industrial liquidity increased to €32.3bn as of September 30, 2025.
Outlook and guidance
Cars and vans sales guidance confirmed; all divisional and group guidance ranges reaffirmed.
FY 2025 guidance: revenue, EBIT, and free cash flow expected to be significantly below prior year.
Cars RoS (adj.) guided at 4–6%, vans at 8–10%, mobility RoE at 8–9%.
Share of electrified vehicles (XEV) in Cars expected at 20–22% for the year.
High uncertainty from macroeconomic, geopolitical, and trade policy risks.
What drove Cars' adjusted return on sales downgrade?
US diesel settlement: How do costs compare to provisions?
Mobility's 54% balance sheet share: Strategic impact?
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Next Mercedes-Benz Group earnings date
Q4 202519 Feb, 2026
Next Mercedes-Benz Group earnings date
Q4 202519 Feb, 2026
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Frequently asked questions
Mercedes-Benz Group AG, formerly Daimler AG, operates as an automotive company in Germany and internationally. The company develops, manufactures, and sells passenger cars comprising premium and luxury vehicles of the Mercedes-Benz brand, including the Mercedes-AMG, G-Class, Mercedes-Maybach, and Mercedes-EQ brands, as well as small cars under the smart brand; ecosystem of Mercedes-Benz under the Mercedes me brand; and vans under the Mercedes-Benz and Freightliner brands, as well as related spare parts and accessories. It also provides financing and leasing packages for end-customers and dealers; automotive insurance brokerage and banking services; car subscription and car rental, and fleet management, as well as digital services for charging and payment; and mobility services. The company was formerly known as Daimler AG and changed its name to Mercedes-Benz Group AG in February 2022. Mercedes-Benz Group AG was founded in 1886 and is headquartered in Stuttgart, Germany.
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