Filing Flows › Ferrari N.V. (RACE) › Q3 2025
Ferrari N.V. (RACE) Q3 2025 earnings results (third quarter 2025)
6-K filed Nov 4, 2025
Ferrari N.V. (RACE) reported revenue of $1.8B for the third quarter 2025 (Q3 2025), +7% from a year earlier. Operating margin was 28.5%, net earnings $382M (21.6% of revenue).
Ferrari N.V., Q3 2025: revenue $1.8B (+7% year over year), operating margin 28.5%, net earnings $382M, operating cash flow $557M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | — | +7% |
| Operating profit | $503M | — | +8% |
| Net earnings | $382M | — | +2% |
| Operating cash flow | $557M | — | -5% |
What changed
Revenue was €1.8B in Q3 2025, up 7% year over year. Cars and spare parts was the largest line at 84% of revenue.
Operating profit was €0.50B, a 28.5% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 30% reached operating profit, above the 28% margin then. Total costs grew 7% against revenue growth of 7%. The fastest-growing cost line was SG&A (+19%). Net earnings were €0.38B, up 2% year over year. The effective tax rate was 22.0%.
Operating cash flow was €0.56B (down 5% year over year), 146% of net earnings. Working capital and other items added €0.17B.
Questions
What was Ferrari N.V.'s revenue in the third quarter 2025?
Ferrari N.V.
Was Ferrari N.V. profitable in the third quarter 2025?
Operating profit was $503M (28.5% of revenue) and net earnings $382M.
Source: Ferrari N.V. 6-K on SEC EDGAR.