Ferrari N.V. income statement

In fiscal 2025, Ferrari N.V. reported revenue of $8.08bn, up 11.8% on the year before, operating income of $2.39bn (a 29.5% margin) and net income of $1.81bn, or $10.13 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Ferrari N.V.: income statement, annual
Fiscal year	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	3,167	3,438	3,861	4,042	4,216	3,948	5,053	5,368	6,458	7,224	8,079
Cost of revenue	1,663	1,749	1,866	1,918	2,021	1,924	2,461	2,790	3,241	3,602	3,904
Gross profit	1,504	1,689	1,996	2,124	2,196	2,024	2,591	2,577	3,217	3,622	4,175
Research and development	623	679	743	760	783	807	909	817	954	967	1,039
General and administrative	194	165	176	189	190	187	212	212	245	295	331
Operating income	493	659	876	977	1,027	817	1,272	1,293	1,749	2,043	2,385
Interest expense	26	24	35	40	50	42	20	29	66	96	112
Income before tax	482	628	843	949	980	761	1,233	1,241	1,733	2,044	2,333
Income tax	160	186	236	19	198	66	247	251	373	393	525
Net income	319	442	605	927	779	694	983	982	1,354	1,647	1,806
Diluted EPS	$1.69	$2.34	$3.19	$4.89	$4.15	$3.74	$5.32	$5.36	$7.46	$9.15	$10.13
Diluted shares (average)	189m	189m	190m	189m	188m	185m	185m	183m	182m	180m	178m
EBITDA	—	—	1,038	1,161	1,241	1,066	1,545	1,567	2,063	2,367	2,723

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Ferrari N.V.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Ferrari N.V.