Filing Flows › Ferrari N.V. (RACE) › Q2 2025
Ferrari N.V. (RACE) Q2 2025 earnings results (second quarter 2025)
6-K filed Jul 31, 2025
Ferrari N.V. (RACE) reported revenue of $1.8B for the second quarter 2025 (Q2 2025), +4% from a year earlier. Operating margin was 30.9%, net earnings $425M (23.8% of revenue).
Ferrari N.V., Q2 2025: revenue $1.8B (+4% year over year), operating margin 30.9%, net earnings $425M, operating cash flow $429M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | — | +4% |
| Operating profit | $552M | — | +8% |
| Net earnings | $425M | — | +3% |
| Operating cash flow | $429M | — | +26% |
What changed
Revenue was €1.8B in Q2 2025, up 4% year over year. Cars and spare parts was the largest line at 84% of revenue. Sponsorship, commercial and brand added €0.04B year over year (up 22%), 49% of the total change.
Operating profit was €0.55B, a 30.9% margin (up 1.0 points year over year). Of the extra revenue versus a year earlier, 55% reached operating profit, above the 30% margin then. Total costs grew 3% against revenue growth of 4%. The fastest-growing cost line was SG&A (+12%). Net earnings were €0.42B, up 3% year over year. The effective tax rate was 22.0%.
Operating cash flow was €0.43B (up 26% year over year), 101% of net earnings.
Questions
What was Ferrari N.V.'s revenue in the second quarter 2025?
Ferrari N.V.
Was Ferrari N.V. profitable in the second quarter 2025?
Operating profit was $552M (30.9% of revenue) and net earnings $425M.
Source: Ferrari N.V. 6-K on SEC EDGAR.