NYSE$RACE
Ferrari NV · Q3 2025 earnings
Q3 2025 earnings · · Before market open · Investor relations
Briefing
Ferrari reported strong performance in Q3 2025 with increased revenues, operating income, and net profit, driven by a richer product mix and higher personalizations.
Ferrari posted a solid Q3 2025 with €1.77 billion in revenue and €382 million in net profit, supported by robust demand for hybrid models and an enriched product mix.
- Total revenue reached €1.77 billion, a 7.4% increase from Q3 2024
- Net income rose to €382 million, with diluted EPS of €2.14
- Total shipments were 3,401 units, driven by strong performance in EMEA and Rest of APAC
- Industrial free cash flow stood at €365 million, reflecting strong profitability and working capital management
Headline financials
Revenue & EPS history
Ferrari · Revenue · Quarterly
$2.07B
Revenue by segment
Ferrari · $1.79B total across 3 segments · Q1 2025
- Cars and spare parts$1.54B—85.8%
- Sponsorship, commercial and brand$191M—10.7%
- Other$64M—3.6%
Forward guidance
Ferrari raised its FY2025 guidance, now expecting net revenues of at least €7.1 billion and industrial free cash flow of at least €1.3 billion, supported by strong product mix and personalization demand.
Tailwinds
- Upgraded FY2025 net revenue forecast to ≥ €7.1B
- Higher free cash flow guidance to ≥ €1.3B
- Improved product mix with new hybrid models
- Lower industrial costs expected in H2 2025
- Positive reception of the Ferrari Elettrica electric platform
Headwinds
- Higher US import tariffs affecting margin
- FX headwinds from weaker USD
- Lower deliveries of the Daytona SP3
- Higher SG&A from brand investments and racing
- Slight net financial charges increase due to FX impact
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 Q3 2025
+1.2%
Avg return
Earnings day
+2.0%
Avg return
5 days after
+4.5%
Avg return
30 days after
56%
23 / 41 earnings
Positive
+12.8%
Q4 2018
Best reaction
-11.5%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.1% | +0.2% | +3.2% | |
| Q3 2025 | +2.0% | +5.4% | +0.3% | |
| Q2 2025 | -11.5% | +5.4% | +0.3% | |
| Q1 2025 | +1.7% | +4.7% | +3.0% | |
| Q4 2024 | +7.1% | -0.1% | +16.4% | |
| Q2 2024 | +5.0% | +0.9% | +20.3% | |
| Q1 2024 | -5.0% | -5.3% | -2.5% | |
| Q4 2023 | +9.6% | +9.4% | +23.0% | |
| Q3 2023 | +8.7% | +9.3% | +17.1% | |
| Q1 2023 | +6.9% | -1.7% | -2.9% | |
| Q2 2023 | -1.1% | -1.7% | -2.9% | |
| Q4 2022 | +2.7% | +6.0% | +7.5% | |
| Q3 2022 | -2.3% | +0.2% | +1.2% | |
| Q2 2022 | +1.2% | +1.5% | +15.0% | |
| Q4 2021 | -2.5% | -11.0% | -11.4% | |
| Q1 2022 | -5.7% | -11.0% | -11.4% | |
| Q3 2021 | +6.6% | -2.5% | -1.0% | |
| Q2 2021 | -3.2% | +9.5% | +9.5% | |
| Q1 2021 | -6.8% | +0.5% | -0.4% | |
| Q4 2020 | -7.8% | -6.6% | -13.5% | |
| Q3 2020 | +10.4% | +13.5% | +17.6% | |
| Q2 2020 | +2.1% | +2.3% | +8.2% | |
| Q1 2020 | +4.7% | +7.3% | +18.3% | |
| Q4 2019 | -1.4% | -2.0% | -9.4% | |
| Q3 2019 | +2.6% | +2.2% | +3.9% | |
| Q2 2019 | -3.8% | -3.0% | -3.2% | |
| Q1 2019 | +6.6% | +6.8% | +12.2% | |
| Q4 2018 | +12.8% | +12.9% | +17.0% | |
| Q3 2018 | -3.0% | -7.9% | -9.3% | |
| Q2 2018 | -4.9% | -6.5% | -1.2% | |
| Q1 2018 | +9.2% | +8.7% | +5.6% | |
| Q4 2017 | +6.4% | +6.2% | +1.3% | |
| Q3 2017 | -2.1% | -4.3% | -10.4% | |
| Q2 2017 | +0.0% | +2.1% | +7.8% | |
| Q1 2017 | +8.5% | +11.1% | +19.2% | |
| Q4 2016 | +5.7% | +3.8% | +6.6% | |
| Q3 2016 | +6.6% | +6.7% | +11.5% | |
| Q2 2016 | +2.4% | +2.4% | +5.5% | |
| Q1 2016 | -4.1% | — | — | |
| Q4 2015 | -7.1% | — | — | |
| Q3 2015 | -5.3% | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — |
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