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General Motors (GM) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 21, 2025
General Motors (GM) reported revenue of $48.6B for the third quarter 2025 (Q3 2025), -0.3% from a year earlier and +3% from the quarter before. Operating margin was 2.2%, net earnings $1.3B (2.7% of revenue).
General Motors, Q3 2025: revenue $48.6B (-0.3% year over year), operating margin 2.2%, net earnings $1.3B, operating cash flow $7.1B. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $48.6B | +3% | -0.3% |
| Operating profit | $1.1B | -49% | -71% |
| Net earnings | $1.3B | -32% | -57% |
| Operating cash flow | $7.1B | +3% | +4% |
| Free cash flow | $5.0B | +4% | +8% |
What changed
Revenue was $48.6B in Q3 2025, roughly flat year over year and up 3% from the previous quarter. Vehicle, parts and accessories was the largest line at 87% of revenue. Vehicle, parts and accessories lost $0.94B year over year (down 2%), 565% of the total change.
Operating profit was $1.1B, a 2.2% margin (down 5.3 points year over year). Total costs grew 5% against flat revenue. Net earnings were $1.3B, down 57% year over year. The effective tax rate was 8.9%. Non-operating items added $0.34B, 24% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $7.1B (up 4% year over year), 549% of net income including minority interests. Non-cash charges added back $3.1B of depreciation and amortization. Working capital and other items added $2.7B. Capital expenditures of $2.1B left free cash flow of $5.0B.
Questions
What was General Motors' revenue in the third quarter 2025?
General Motors (GM) reported revenue of $48.6B for the third quarter 2025 (Q3 2025), -0.3% from a year earlier and +3% from the quarter before.
Was General Motors profitable in the third quarter 2025?
Operating profit was $1.1B (2.2% of revenue) and net earnings $1.3B.
Source: General Motors 10-Q on SEC EDGAR.