	2025	2026	2027	2028
Revenue	323,892	333,359	353,071	365,364
Dividend	7.54	8.53	10.48	12.42
Dividend Yield (in %)	8.28 %	9.37 %	11.51 %	13.65 %
EPS	25.57	30.82	34.28	38.83
P/E Ratio	3.56	2.95	2.65	2.34
EBIT	19,880	22,668	25,066	29,184
EBITDA	44,952	48,439	44,309	45,384
Net Profit	12,950	15,231	18,013	19,464
Net Profit Adjusted	12,848	15,462	18,013	19,464
Pre-Tax Profit	19,331	22,914	25,812	29,341
Pre-Tax Profit Reported	19,208	22,860	28,913	29,341
EPS (Non-GAAP) ex. SOE	-	-	-	-
EPS (GAAP)	25.50	29.88	38.25	38.83
Gross Income	66,861	71,132	90,341	91,806
Cash Flow from Investing	-27,769	-26,028	-26,194	-25,754
Cash Flow from Operations	33,612	34,980	36,251	39,720
Cash Flow from Financing	-2,858	-3,890	-	-
Cash Flow per Share	77.48	94.34	59.28	62.21
Free Cash Flow	10,658	13,162	11,942	17,636
Free Cash Flow per Share	19.09	30.53	70.06	85.53
Book Value per Share	381.08	-	434.50	461.30
Net Debt	-47,259	-46,554	-46,006	-48,075
Research & Development Exp.	17,147	17,670	-	-
Capital Expenditure	23,415	22,315	20,071	15,148
Selling, General & Admin. Exp.	36,521	39,075	-	-
Shareholder’s Equity	189,134	197,980	217,804	231,232
Total Assets	630,172	649,138	682,529	706,517

	Previous Quarter ending 12/31/24	Current Quarter ending 03/31/25	Next Quarter ending 06/30/25	Current Year ending 12/31/25	Next Year ending 12/31/26
Earnings Estimates
No. of Analysts	4	-	-	20	16
Average Estimate	6.535 EUR	-	-	25.570 EUR	30.816 EUR
Year Ago	9.306 EUR	-	-	-	-
Publish Date	3/18/2025	-	-	-	-
Revenue Estimates
No. of Analysts	4	-	-	20	17
Average Estimate	83,342 EUR	-	-	323,892 EUR	333,359 EUR
Year Ago	87,182 EUR	-	-	-	-
Publish Date	3/18/2025	-	-	-	-

* Average Estimates in Million (e.g. Revenue) or per share (e.g. Dividend). Source: FactSet

Income Statements in Mio. EUR

	2023	2022	2021	2020	2019	2018	2017
Sales	322,284.00	279,232.00	250,200.00	222,884.00	252,632.00	235,849.00	230,682.00
Change of sales in %	15.42	11.60	12.26	-11.78	7.12	2.24	6.17
Gross profit on sales	62,065.00	52,613.00	47,061.00	39,126.00	49,315.00	47,514.00	43,727.00
Gross profit on sales change in %	17.97	11.80	20.28	-20.66	3.79	8.66	3.21
Operating income	21,586.00	19,769.10	18,191.00	10,379.00	18,358.00	18,117.00	15,931.00
Operating income change in %	9.19	8.68	75.27	-43.46	1.33	13.72	9.21
Income before tax	20,903.00	19,649.00	17,805.00	8,911.00	15,007.00	12,274.00	10,431.00
Income before tax change in %	6.38	10.36	99.81	-40.62	22.27	17.67	174.86
Income after tax	16,013.00	14,867.00	14,843.00	8,334.00	13,346.00	11,827.00	11,354.00
Income after tax change in %	7.71	0.16	78.10	-37.55	12.84	4.17	120.72

Balance Sheet in Mio. EUR

	2023	2022	2021	2020	2019	2018	2017
Total liabilities	456,069.00	429,635.00	429,543.00	415,216.00	406,710.00	379,448.00	349,020.00
Long-term liabilities per share	497.67	490.48	527.93	497.32	475.57	421.06	375.65
Equity	174,757.00	164,207.00	131,715.00	113,070.00	110,988.00	104,746.00	97,989.00
Equity change in %	6.14	16.34	16.77	2.03	4.40	6.91	14.85
Balance sheet total	630,826.00	593,842.00	561,258.00	528,286.00	517,698.00	484,194.00	447,009.00
Balance sheet total change in %	6.23	5.81	6.24	2.05	6.92	8.32	2.78

Key Data in EUR

	2023	2022	2021	2020	2019	2018	2017
Sales per share	642.90	557.02	499.11	444.62	503.96	470.48	460.17
P/E ratio (year end quote, basic EPS)	3.50	3.93	5.99	9.17	6.62	5.89	7.35
P/E ratio (year end quote, diluted EPS)	3.50	3.93	5.99	9.17	6.62	5.89	7.35
P/E ratio (year end quote)	3.50	3.93	5.99	9.17	6.62	5.89	7.35
Dividend yield in %	8.10	7.52	4.26	3.19	2.76	3.50	2.38
Equity ratio in %	27.70	27.65	23.47	21.40	21.44	21.63	21.92
Debt ratio in %	72.30	72.35	76.53	78.60	78.56	78.37	78.08

Volkswagen (VW) vz. Dividend Calendar

Date	Name	Dividend	*yield	Currency
2023	Volkswagen (VW) AG Vz.	9.06	8.10	EUR
2022	Volkswagen (VW) AG Vz.	8.76	7.52	EUR
2021	Volkswagen (VW) AG Vz.	7.56	4.26	EUR
2020	Volkswagen (VW) AG Vz.	4.86	3.19	EUR
2019	Volkswagen (VW) AG Vz.	4.86	2.76	EUR
2018	Volkswagen (VW) AG Vz.	4.86	3.50	EUR
2017	Volkswagen (VW) AG Vz.	3.96	2.38	EUR
2016	Volkswagen (VW) AG Vz.	2.06	1.54	EUR
2015	Volkswagen (VW) AG Vz.	0.17	0.13	EUR
2014	Volkswagen (VW) AG Vz.	4.86	2.63	EUR
2013	Volkswagen (VW) AG Vz.	4.06	1.99	EUR
2012	Volkswagen (VW) AG Vz.	3.56	2.07	EUR
2011	Volkswagen (VW) AG Vz.	3.06	2.64	EUR
2010	Volkswagen (VW) AG Vz.	2.26	1.86	EUR
2009	Volkswagen (VW) AG Vz.	1.66	2.54	EUR
2008	Volkswagen (VW) AG Vz.	1.99	5.23	EUR
2007	Volkswagen (VW) AG Vz.	1.86	1.86	EUR
2006	Volkswagen (VW) AG Vz.	1.31	2.32	EUR
2005	Volkswagen (VW) AG Vz.	1.21	3.72	EUR
2004	Volkswagen (VW) AG Vz.	1.11	4.55	EUR
2003	Volkswagen (VW) AG Vz.	1.11	3.86	EUR
2002	Volkswagen (VW) AG Vz.	1.36	5.44	EUR
2001	Volkswagen (VW) AG Vz.	1.36	3.90	EUR
2000	Volkswagen (VW) AG Vz.	1.26	3.97	EUR
1999	Volkswagen (VW) AG Vz.	0.83	2.66	EUR

*Yield of the Respective Date

Volkswagen (VW) vz. Calendar

Event	Estimate	Info	Date
Earnings Report	6.535 EUR	Q4 2024 Earnings Release	03/18/2025
Earnings Report	-	Q1 2025 Earnings Release	05/01/2025
Earnings Report	-	Q2 2025 Earnings Release	07/24/2025
Earnings Report	-	Q3 2025 Earnings Release	10/29/2025

Volkswagen (VW) vz. Past Events

Event	Actual EPS	Info	Date
Earnings Report	2.420 EUR	Q3 2024 Earnings Release	10/30/2024
Earnings Report	6.210 EUR	Q2 2024 Earnings Release	08/01/2024
Annual General Meeting	-	Annual General Meeting	05/29/2024
Earnings Report	6.550 EUR	Q1 2024 Earnings Release	04/30/2024
Earnings Report	9.310 EUR	Q4 2023 Earnings Release	03/13/2024
Earnings Report	7.760 EUR	Q3 2023 Earnings Release	10/26/2023
Earnings Report	6.480 EUR	Q2 2023 Earnings Release	07/27/2023
Annual General Meeting	-	Annual General Meeting	05/10/2023
Earnings Report	8.430 EUR	Q1 2023 Earnings Release	05/04/2023
Earnings Report	5.210 EUR	Q4 2022 Earnings Release	03/14/2023
Earnings Report	3.900 EUR	Q3 2022 Earnings Release	10/28/2022
Earnings Report	7.460 EUR	Q2 2022 Earnings Release	07/28/2022
Annual General Meeting	-	Annual General Meeting	05/12/2022
Earnings Report	13.110 EUR	Q1 2022 Earnings Release	05/04/2022
Earnings Report	7.940 EUR	Q4 2021 Earnings Release	03/15/2022

Volkswagen Profile

Volkswagen AG engages in the business of developing vehicles and components for the brands of the group. It operates through the following segments: Passenger Cars and Light Commercial Vehicles; Commercial Vehicles; Power Engineering; and Financial Services. The Passenger Cars and Light Commercial Vehicles segment includes developing vehicles, engines, and vehicle software; producing and selling passenger cars and light commercial vehicles; and the corresponding genuine parts business. The Commercial Vehicles segment focuses on trucks, buses, corresponding genuine parts business, and related services. The Power Engineering segment is involved in large-bore diesel engines, turbomachinery, and propulsion components business. The Financial Services segment provides dealer and customer financing, leasing, banking, insurance, and fleet management services. The company was founded on May 28, 1937 and is headquartered in Wolfsburg, Germany. .

Moody’s Daily Credit Risk Score

Risk

Low
Medium
High

Moody’s Daily Credit Risk Score is a 1-10 score of a company’s credit risk, based on an analysis of the firm’s balance sheet and inputs from the stock market. The score provides a forward-looking, one-year measure of credit risk, allowing investors to make better decisions and streamline their work ow. Updated daily, it takes into account day-to-day movements in market value compared to a company’s liability structure.

Volkswagen Shareholder

Owner	in %
Freefloat	98.65
Porsche Automobil Holding SE	1.28
Vanguard Total International Stock Index Fund	1.24
Vanguard Developed Markets Index Fund	0.77
Vanguard Institutional Total Intl. Stock Market Index Tr. II	0.62
St. James's Place Unit Trust - Global Value	0.59

Shareholder percentage totals can add to more than 100% because some holders are included in the free float.

Volkswagen Management

Name	Job
Thomas Schäfer	CEO-Passenger Cars & Head-Brand Group Core
Torsten Bechstädt	Chairman-Group Works Council
Oliver Ingo Blume	Chairman-Management Board
Hans Dieter Pötsch	Chairman-Supervisory Board
Kurt Michels	Chief Compliance Officer
Jeffrey Oppong Peprah	Chief Executive Officer-Volkswagen Ghana
Arno Antlitz	Chief Operating & Financial Officer
Dirk Voeste	Chief Sustainability Officer
Jörg Hofmann	Deputy Chairman-Supervisory Board
Serge Kamuhinda	Director-Volkswagen Rwanda
Jörg Boche	Executive Vice President
Stefan Weckbach	General Secretariat & Head-Group Strategy
Rolf Klotz	Group Member-Works Council
Stephan Krinke	Group Research Head-Environmental Aff Production
Günther Mendl	Head-Center of Excellence Battery
Frank Blome	Head-CoE Battery Cell
Hardy Brennecke	Head-Commercial Vehicles Division
Ingrun-Ulla Bartölke	Head-Corporate Accounting & External Reporting
Thomas Ulbrich	Head-Development
Christoph Oemisch	Head-Finance & Sales
Thorsten Jablonski	Head-Gear Units & E-Drives
Klaus Bischoff	Head-Group Design
Michael Steiner	Head-Group Development Division
Rolf Woller	Head-Group Treasury & Investor Relations
Gunnar Kilian	Head-Human Resources, Truck & Bus
Mario Hermann Daberkow	Head-IT Infrastructure & Services
Hauke Stars	Head-Information Technology
Manfred Döss	Head-Integrity & Legal Affairs
Jens Wiese	Head-M&A, Investment Advisory & Partnerships
Bishwajeet Samal	Head-Marketing Campaigns
Stephan Beyse	Head-Procurement-Genuine Parts-Kassel
Heiner Lanze	Head-Procurement-Volkswagen Group Components
Alfonso Sancha	Head-Purchasing, Metal Parts
Sebastian Schebera	Head-Strategic Partnerships
Christopher Hauss	Head-Strategy & Finance Communications
Thomas Schmall-von Westerholt	Head-Technology
Hessa Sultan Al-Jaber	Independent Member-Supervisory Board
Julia Willie Hamburg	Independent Member-Supervisory Board
Mansoor bin Ebrahim Al-Mahmoud	Independent Member-Supervisory Board
Stephan Weil	Independent Member-Supervisory Board
Rainer Schirmer	Member-General Works Council
Knut Lofski	Member-Group Works Council
Gernot Döllner	Member-Management Board
Ralf Brandstätter	Member-Management Board
Arno Homburg	Member-Supervisory Board
Conny Schönhardt	Member-Supervisory Board
Daniela Cavallo	Member-Supervisory Board
Daniela Nowak	Member-Supervisory Board
Ferdinand Oliver Porsche	Member-Supervisory Board
Gerardo Scarpino	Member-Supervisory Board
Günther Horvath	Member-Supervisory Board
Hans-Michel Piëch	Member-Supervisory Board
Harald Buck	Member-Supervisory Board
Karina Schnur	Member-Supervisory Board
Marianne Heiß	Member-Supervisory Board
Matías Carnero Sojo	Member-Supervisory Board
Peter Mosch	Member-Supervisory Board
Wolfgang Porsche	Member-Supervisory Board
Ron Harr	President & CEO-Chattanooga Chamber
Thomas Duff	Principal
Giovanni Palazzo	Senior Vice President-Charging & Energy