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Ford Motor (F) Q3 2025 earnings results (third quarter 2025)

10-Q filed Oct 24, 2025

Ford Motor (F) reported revenue of $50.5B for the third quarter 2025 (Q3 2025), +9% from a year earlier and +0.7% from the quarter before. Operating margin was 3.1%, net earnings $2.4B (4.8% of revenue).

Revenue$50.5B
Year over year+9%
Quarter over quarter+0.7%
Operating margin3.1%
Net earnings$2.4B

Ford Motor, Q3 2025: revenue $50.5B (+9% year over year), operating margin 3.1%, net earnings $2.4B, operating cash flow $7.4B. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$50.5B+0.7%+9%
Operating profit$1.6B+205%+77%
Net earnings$2.4B—+173%
Operating cash flow$7.4B+17%+35%
Free cash flow$5.3B+25%+50%

What changed

Revenue was $50.5B in Q3 2025, up 9% year over year and up 1% from the previous quarter. Vehicles, parts, and accessories was the largest line at 90% of revenue. Vehicles, parts, and accessories added $3.8B year over year (up 9%), 88% of the total change.

Operating profit was $1.6B, a 3.1% margin (up 1.2 points year over year). Of the extra revenue versus a year earlier, 16% reached operating profit, above the 2% margin then. Total costs grew 8% against revenue growth of 9%. The fastest-growing cost line was SG&A (+12%). Net earnings were $2.4B, up 174% year over year. The effective tax rate was -34.7%.

Operating cash flow was $7.4B (up 35% year over year), 302% of net earnings. Non-cash charges added back $2.0B of depreciation and $0.13B of share-based compensation. Working capital and other items added $2.8B. Capital expenditures of $2.1B left free cash flow of $5.3B.

Questions

What was Ford Motor's revenue in the third quarter 2025?

Ford Motor (F) reported revenue of $50.5B for the third quarter 2025 (Q3 2025), +9% from a year earlier and +0.7% from the quarter before.

Was Ford Motor profitable in the third quarter 2025?

Operating profit was $1.6B (3.1% of revenue) and net earnings $2.4B.

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Source: Ford Motor 10-Q on SEC EDGAR.