NYSE$GM

General Motors Co · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

General Motors reported Q1 2025 net sales and revenue of $44.0B with net income of $2.85B and diluted EPS of $3.35.

Net sales and revenue were $44.0 billion for the quarter ended March 31, 2025, with automotive operations contributing the majority of volume. Net income was $2.85 billion ($3.35 diluted EPS). Management reiterated full-year EBIT-adjusted and EPS-adjusted outlook ranges while citing tariff and EV investment risks.

  • Q1 net sales and revenue $44.0B; net income $2.85B.
  • Diluted EPS $3.35; EBIT-adjusted margin focus in MD&A.
  • North America truck/SUV mix supports pricing.
  • Tariffs, EV capex, and China JV volatility remain headwinds.

Headline financials

Total Revenue

$44B

Previous: $43B+2.3%
EPS (adj)

$3.35

Previous: $2.56+30.9%
China equity income

$45M

Previous: -$106M+142.5%
Net income margin

6.3%

No prior period
EBIT-adjusted margin

7.9%

No prior period
Auto operating cash flow

$2.4B

Previous: $3.6B-33.2%
Adj. auto free cash flow

$811M

Previous: $1.09B-25.6%
GMNA EBIT margin

8.8%

No prior period
GM Financial EBT

$685M

No prior period
Wholesale vehicle sales

912.0K

No prior period
Capital Expenditures

$1.82B

Previous: -$2.78B+165.3%
Net Income

$2.85B

Previous: $2.98B-4.3%
Operating Income

$3.35B

Previous: $3.74B-10.3%
Gross Profit

$5.34B

Previous: $43B-87.6%

Revenue & EPS history

GM · Revenue · Quarterly

$44B

Q1 2025+2.3%vs Q1 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

GM · $44.1B total across 3 segments · Q3 2023

  • GM North America
    $36.1B+827.2%
  • GM International
    $4.33B+1196.4%
  • GM Financial
    $3.64B+299.7%

Forward guidance

The quarterly filing discusses operating priorities, liquidity, and sector risks.

Tailwinds

  • MD&A outlines strategic priorities and capital allocation.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+0.0%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+1.5%

Avg return

30 days after

42%

27 / 65 earnings

Positive

+15.8%

Q3 2025

Best reaction

-9.3%

Q3 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.0%-2.8%+7.7%
Q4 2025+8.6%+5.8%+1.7%
Q3 2025+15.8%+20.1%+17.3%
Q2 2025+1.5%+2.7%+5.3%
Q1 2025-0.6%-4.1%+2.9%
Q4 2024-8.9%-9.9%-13.3%
Q3 2024+8.2%+6.4%+13.8%
Q2 2024-6.2%-11.0%-6.3%
Q1 2024+4.3%+6.1%+1.2%
Q4 2023+9.6%+9.9%+15.8%
Q3 2023-0.7%-6.8%-3.8%
Q2 2023-2.6%-3.2%-16.3%
Q1 2023-6.0%-3.6%-5.5%
Q4 2022+8.3%+13.3%+8.9%
Q3 2022+6.0%+8.8%+12.3%
Q2 2022+0.5%+5.0%+17.0%
Q1 2022-2.9%-4.8%-6.0%
Q4 2021+1.5%-2.7%-14.8%
Q3 2021-5.5%-3.3%+4.9%
Q2 2021-5.9%-6.8%-15.7%
Q1 2021+6.1%+3.7%+14.5%
Q4 2020-4.6%-4.4%+5.7%
Q3 2020+6.3%+16.6%+26.0%
Q2 2020-4.3%-2.6%+14.0%
Q1 2020+0.5%-6.4%+16.7%
Q4 2019-0.1%-0.3%-16.5%
Q3 2019+3.5%+3.6%-1.4%
Q2 2019-1.4%-3.1%-8.1%
Q1 2019-3.1%-3.0%-13.0%
Q4 2018-1.7%-1.7%-3.3%
Q3 2018+8.7%+8.1%+13.1%
Q2 2018-6.9%-4.6%-8.9%
Q1 2018-1.2%-4.4%+0.5%
Q4 2017+7.2%+4.9%-4.3%
Q3 2017-0.1%-1.1%-1.9%
Q2 2017-0.6%-0.1%-0.8%
Q1 2017-1.0%-3.1%-4.3%
Q4 2016-4.6%-4.5%+0.0%
Q3 2016-4.2%-5.0%+2.7%
Q2 2016+2.1%+2.1%+1.1%
Q1 2016-0.0%
Q4 2015-3.4%
Q3 2015+5.8%
Q2 2015+2.5%
Q1 2015-4.2%
Q4 2014+6.7%
Q3 2014-4.1%
Q2 2014-6.3%
Q1 2014-1.9%
Q4 2013+2.5%
Q3 2013+2.5%
Q2 2013-1.3%
Q1 2013+6.4%
Q4 2012-3.2%
Q3 2012+10.3%
Q2 2012+1.9%
Q1 2011-2.5%
Q4 2011-2.5%
Q1 2012-2.5%
Q4 2010+0.3%
Q1 2010+0.3%
Q3 2010-9.3%
Q3 2011-9.3%
Q2 2011-5.5%
Q2 2010-5.5%

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