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General Motors (GM) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 20, 2026 · General Motors (GM) Q3 2026 earnings results →

Q3 2026 Revenue up 3% year over year to $50.0B · 7¢ of every $1 of revenue kept as net profit · operating margin 7.2%

General Motors made $50.0B in Q3 2026 (+3% Y/Y): Vehicle, parts, and accessories $43.5B, Other revenues $4.3B, Services and other $1.6B. Operating margin 7.2%, net earnings $3.3B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 20, 2026.

Revenue$50.0B
Year over year+3%
Operating margin7.2%
Net earnings$3.3B
Operating cash flow$7.3B

Drawing the Sankey…

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General Motors Q3 2026 revenue breakdown: Sankey diagram of revenue (Vehicle, parts, and accessories, Other revenues, Services and other, Used vehicles), costs, profit and cash flow
General Motors Q3 2026 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $50.0B in Q3 2026, up 3% year over year and up 4% from the previous quarter. Vehicle, parts, and accessories was the largest line at 87% of revenue. Vehicle, parts, and accessories added $1.4B year over year (up 3%), 98% of the total change. Services and other declined 5%.

Operating profit was $3.6B, a 7.2% margin (up 5.0 points year over year). Of the extra revenue versus Q3 2025, 177% reached operating profit, above the 2% margin then. Total costs fell 2% while revenue rose 3%. Net earnings were $3.3B, up 151% year over year. The effective tax rate was 14.3%.

Operating cash flow was $7.3B (up 3% year over year), 217% of net earnings. Non-cash charges added back $2.9B of depreciation and amortization. Working capital and other items added $1.0B. Capital expenditures of $2.3B left free cash flow of $5.0B.

Quarterly history

General Motors revenue by quarterGeneral Motors revenue by quarter$44.0BQ1 2025$47.1BQ2 2025$48.6BQ3 2025$45.3BQ4 2025$43.6BQ1 2026$48.0BQ2 2026$50.0BQ3 2026
General Motors net earnings by quarterGeneral Motors net earnings by quarter$2.8BQ1 2025$1.9BQ2 2025$1.3BQ3 2025−$3.3BQ4 2025$2.6BQ1 2026$1.3BQ2 2026$3.3BQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 20, 2026$50.0B+3%7.2%$3.3B$7.3B
Q2 202610-QJul 21, 2026$48.0B+2%3.0%$1.3B$6.4B
Q1 202610-QApr 28, 2026$43.6B-0.9%6.7%$2.6B$3.0B
Q4 202510-KJan 27, 2026$45.3B-5%-8.1%−$3.3B$6.8B
Q3 202510-QOct 21, 2025$48.6B-0.3%2.2%$1.3B$7.1B
Q2 202510-QJul 22, 2025$47.1B-2%4.5%$1.9B$6.9B
Q1 202510-QMay 1, 2025$44.0B+2%7.6%$2.8B$6.1B

Charts

General Motors: revenue growth, year over year and quarter over quarterGeneral Motors: revenue growth, year over year and quarter over quarterY/YQ/Q+2%Q1 2025-2%+7%Q2 20250%+3%Q3 2025-5%-7%Q4 2025-1%-4%Q1 2026+2%+10%Q2 2026+3%+4%Q3 2026
Latest (Q3 2026): Y/Y +3%, Q/Q +4%.
General Motors: where the cash came from (+) and went (−), TTM to Q3 2026General Motors: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$23.4BCapital spending−$9.0BBuybacks−$7.8BNet borrowing (+) / repaid (−)−$2.9BOther investing−$1.2BDividends−$1.2BCash drawn (+) / kept (−)−$814MOther financing−$400MExchange rates−$89.0MNot reconciled−$1.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
General Motors: profit against cash, quarter by quarterGeneral Motors: profit against cash, quarter by quarterNet incomeOperating cash flow−$2.9B$4.1BQ4 2024$2.9B$6.1BQ1 2025$1.9B$6.9BQ2 2025$1.3B$7.1BQ3 2025−$3.3B$6.8BQ4 2025$2.7B$3.0BQ1 2026$1.4B$6.4BQ2 2026$3.4B$7.3BQ3 2026
Latest (Q3 2026): Net income $3.4B, Operating cash flow $7.3B.
General Motors: diluted shares by fiscal yearGeneral Motors: diluted shares by fiscal year1.44BFY20201.47BFY20211.45BFY20221.37BFY20231.13BFY2024973MFY2025
-32.5% since FY2020: buybacks shrank the count.
General Motors in its industry: growth against margin (12 companies, SIC 3711)General Motors in its industry: growth against margin (12 companies, SIC 3711)revenue growth, year over year →↑ operating marginmedian +18%median 3%FTSLAPCAROSKRIVNFSSLCIDCENNWKHSFLYEFFAIGM (+3%, 7%)
Motor Vehicles & Passenger Car Bodies; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

Buys from

About General Motors

General Motors Company (sometimes referred to as we, our, us, ourselves, the Company, General Motors, or GM) was incorporated as a Delaware corporation in 2009. We design, build, and sell trucks, crossovers, cars, and automobile parts and provide software-enabled services and subscriptions worldwide. Our automotive operations meet the demands of our customers through our segments: GM North America (GMNA) and GM International (GMI) with vehicles developed, manufactured, and/or marketed under the Buick, Cadillac, Chevrolet, and GMC brands. We also have equity ownership stakes in entities that meet the demands of customers in other countries, primarily in China, with vehicles developed, manufactured, and/or marketed under the Baojun, Buick, Cadillac, Chevrolet, and Wuling brands.

In its own words, from its 10-K, filed Jan 27, 2026.

General Motors against its Motor Vehicles & Passenger Car Bodies peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +3% against the peers' median +6%. Operating margin: 7.2% against the peers' median 2.9%.

CompanyQuarterRevenueY/YOp. margin
GM General MotorsQ3 2026$50.0B+3%7.2%
F Ford MotorQ3 2026$49.5B-2%2.9%
TSLA TeslaQ3 2026$28.0B-0.2%2.6%
PCAR PaccarQ3 2026$7.9B+19%13.6%
OSK OshkoshQ3 2026$2.8B+6%6.9%
RIVN Rivian AutomotiveQ3 2026$2.2B+38%-40.9%
FSS Federal SignalQ3 2026$656M+18%17.0%
LCID Lucid GroupQ2 2026$405M+56%-267.0%
CENN CenntroQ2 2026$6.2M-3%-120.5%

Source: General Motors 10-Q on SEC EDGAR · CIK 1467858 · Motor Vehicles & Passenger Car Bodies

Guidance and outlook

General Motors: what its forward-looking statements are about (10-Q filed 2026-10-20)General Motors: what its forward-looking statements are about (10-Q filed 2026-10-20)Other8Demand3Costs2Margins2Tax2Capital spending1Financing1Legal & regulation1
20 statements; tone -0.10 (−1 all cautious, +1 all confident); 8 hedged.
General Motors: outlook statements against the filing beforeGeneral Motors: outlook statements against the filing beforeNew1Updated1Dropped2Confident2Cautious4

13F: who owns GM and who is buying

Largest holders of GM (13F)Largest holders of GM (13F)Vanguard Group$8.8BBlackRock$6.0BVanguard Capital Management LLC$4.5BState Street$3.4BVanguard Portfolio Management LLC$2.9BFranklin Resources$2.4BGeode Capital Management, LLC$1.7BFMR LLC$1.5BCapital World Investors$1.4BD. E. Shaw$1.2B
Funds' net buying of GM by quarter (13F)Funds' net buying of GM by quarter (13F)−$688M2024-09−$1.4B2024-12−$1.3B2025-03−$328M2025-06−$756M2025-09−$1.2B2025-12−$208M2026-03−$621M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on GM

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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