Filing Flows › Ferrari N.V. (RACE) › Q4 2025
Ferrari N.V. (RACE) Q4 2025 earnings results (fourth quarter 2025)
6-K filed Feb 10, 2026
Ferrari N.V. (RACE) reported revenue of $1.8B for the fourth quarter 2025 (Q4 2025), +4% from a year earlier and +2% from the quarter before. Operating margin was 28.5%, net earnings $381M (21.1% of revenue).
Ferrari N.V., Q4 2025: revenue $1.8B (+4% year over year), operating margin 28.5%, net earnings $381M, operating cash flow $519M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.8B | +2% | +4% |
| Operating profit | $513M | +2% | +10% |
| Net earnings | $381M | -0.3% | -1% |
| Operating cash flow | $519M | -7% | +5% |
What changed
Revenue was €1.8B in Q4 2025, up 4% year over year and up 2% from the previous quarter. Cars and spare parts was the largest line at 82% of revenue. Sponsorship, commercial and brand added €0.03B year over year (up 16%), 45% of the total change.
Operating profit was €0.51B, a 28.5% margin (up 1.5 points year over year). Of the extra revenue versus a year earlier, 68% reached operating profit, above the 27% margin then. Total costs grew 2% against revenue growth of 4%. Net earnings were €0.38B, down 1% year over year. The effective tax rate was 24.0%.
Operating cash flow was €0.52B (up 5% year over year), 136% of net earnings. Working capital and other items added €0.14B.
Questions
What was Ferrari N.V.'s revenue in the fourth quarter 2025?
Ferrari N.V.
Was Ferrari N.V. profitable in the fourth quarter 2025?
Operating profit was $513M (28.5% of revenue) and net earnings $381M.
Source: Ferrari N.V. 6-K on SEC EDGAR.