Ferrari N.V. (RACE) operating KPIs

RACENYSEMotor Vehicles & Passenger Car BodiesFiscal year ends December 31

Financials through fiscal 2025, year ended Dec 31, 2025Score 11/30

$395.99−3.78 (-0.95%)

Close on Oct 30, 2026Market cap $92.64BP/E 39.5Yield –

KPIs

Operating metrics that drive Ferrari's business · fiscal year ends December 31

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Metric	Q2 2026 2026-06-30	Q1 2026 2026-03-31	Q4 2025 2025-12-31	Q3 2025 2025-09-30	Q2 2025 2025-06-30	Q1 2025 2025-03-31	Q4 2024 2024-12-31	Q3 2024 2024-09-30	Q2 2024 2024-06-30	Q1 2024 2024-03-31	Q4 2023 2023-12-31	Q3 2023 2023-09-30

Total Global Vehicle Shipments (units)4	3,366	3,436	3,152	3,401	3,494	3,593	3,325	3,383	3,484	3,560	3,245	3,459
EMEA Shipments (units)	1,856	1,458	1,550	1,449	1,646	1,701	1,550	1,426	1,655	1,573	1,493	1,398
Americas Shipments (units)	787	1,030	877	1,045	993	1,022	955	1,070	981	997	884	1,096
Mainland China, Hong Kong & Taiwan Shipments (units)	185	255	182	248	274	237	286	281	278	317	360	395
Rest of APAC Shipments (units)	538	693	543	659	581	633	534	606	570	673	508	570
ICE Share of Shipments (%)(%)1	69.8%	69.5%		57.0%	55.0%	51.0%		45.0%	52.0%	54.0%		48.7%
Active ICE Models in Portfolio (models)	6	6		6	6	8		8	8	9		9
Hybrid Share of Shipments (%)(%)1	30.2%	30.5%		43.0%	45.0%	49.0%		55.0%	48.0%	46.0%		51.3%
Active Hybrid Models in Portfolio (models)	7	8		5	5	5		5	4	4		4
Range Models Share of Shipments (%)(%)2	83.0%	88.0%		92.0%	93.0%	93.0%		94.0%	94.0%	93.0%		94.0%
Special Series Share of Shipments (%)(%)	16.0%	11.0%		7.0%	5.0%	5.0%		4.0%	4.0%	5.0%		5.0%
Icona & Supercar Share of Shipments (%)(%)	1.0%	1.0%		1.0%	2.0%	2.0%		2.0%	2.0%	2.0%		1.0%

Authorized Ferrari Dealers Worldwide (dealers)1	182	181	181	182	181	182	180	180	180	179	178	178
Authorized Dealer Points of Sale Worldwide (points of sale)	196	195	195	198	197	196	200	200	199	197	196	196
Ferrari-Owned Directly Operated Lifestyle Stores (stores)1	16	16	16	15	15	15	15	14	14	14	14	14
Franchised Ferrari Lifestyle Stores (stores)	2	2	2	2	2	2	2	2	2	2	2	2
Customer Order Advances & Security Deposits (€M)(€M)	747	727	775	614	646	630	554		502	534	516	460
Deferred Income — Sponsorship & Maintenance Backlog (€M)(€M)2	701	665	425	513	601	602	336		445	440	296	394
of which: Scheduled Maintenance & Power Warranty Programs (€M)(€M)	362	348	341	330	323	314	301	288	280	270	263	255
Total Other Liabilities incl. Advances & Deferred Income (€M)(€M)	1,716	1,631	1,392	1,319	1,468	1,458	1,106		1,182	1,217	1,023	1,081
Contractual Commitments for Property, Plant & Equipment (€M)(€M)	210	214	275	309	369	298	397	306	426	219	115	176

Total Net Revenues (€M)(€M)5	1,938	1,848	1,802	1,766	1,787	1,791	1,736	1,644	1,712	1,585	1,523	1,544
Total Net Revenues YoY Growth at Constant Currency (%)(%)	11.0%	6.0%	6.0%	9.0%	5.0%	12.0%	15.0%	7.0%	19.0%	13.0%	12.0%	26.0%
Total Net Revenues at Constant Currency (€M)(€M)	1,949	1,904	1,842	1,791	1,794	1,771	1,734	1,636	1,723	1,604	1,546	1,607
Cars & Spare Parts Net Revenues (€M)(€M)2	1,629	1,556	1,483	1,479	1,507	1,536	1,472	1,400	1,474	1,382	1,289	1,330
Cars & Spare Parts YoY Growth at Constant Currency (%)(%)	11.0%	4.0%	3.0%	8.0%	3.0%	10.0%	16.0%	6.0%	20.0%	14.0%	12.0%	29.0%
Cars & Spare Parts Net Revenues at Constant Currency (€M)(€M)	1,641	1,606	1,518	1,502	1,508	1,518	1,471	1,393	1,485	1,400	1,309	1,386
Sponsorship, Commercial & Brand Net Revenues (€M)(€M)2	209	218	213	211	205	191	183	174	168	145	150	145
Sponsorship, Commercial & Brand YoY Growth at Constant Currency (%)(%)	2.0%	15.0%	17.0%	22.0%	25.0%	32.0%	22.0%	21.0%	15.0%	12.0%	8.0%	13.0%
Sponsorship, Commercial & Brand Net Revenues at Constant Currency (€M)(€M)	207	220	215	210	210	190	183	173	167	146	151	150
Other Net Revenues incl. Financial Services & Racetrack (€M)(€M)1	100	74	106	76	75	64	81	70	70	58	84	69
Other Net Revenues YoY Growth at Constant Currency (%)(%)	32.0%	23.0%	33.0%	13.0%	9.0%	8.0%	-4.0%	2.0%	4.0%	-0.0%	58.0%	46.0%
Net Revenues — Rest of EMEA excl. Italy (€M)(€M)3	874	733	810	689	745	753	746	621	691	633	651	580
of which: United Kingdom (€M)(€M)	190	164	160	137	149	171	170	157	174	152	167	149
of which: Germany (€M)(€M)	145	146	144	133	156	144	139	126	147	137	137	110
of which: Netherlands — Country of Domicile (€M)(€M)	31.3	28.1	33.4	29.1	25.8	30.6	22.7	22.6	19	21.4	16.8	20
Net Revenues — Italy (€M)(€M)	185	139	132	128	145	123	108	127	123	104	107	126
Net Revenues — Americas (€M)(€M)1	580	605	541	574	542	597	568	570	554	491	440	490
of which: United States of America (€M)(€M)	536	560	491	503	472	516	511	511	480	419	388	427
Net Revenues — Mainland China, Hong Kong & Taiwan (€M)(€M)1	108	147	106	141	130	114	133	126	141	139	147	158
of which: Mainland China (€M)(€M)	70.8	147	49.3	85.5	90.4	86.5	91.5	91.1	103	105	113	135
Net Revenues — Rest of APAC (€M)(€M)	190	225	213	235	225	204	179	201	203	218	180	190

Receivables from Client Financing Activities (€M)(€M)	1,799	1,703	251	1,557	1,519	1,601	237	1,531	1,569	1,502	224	1,496
Financial Services Activities Total Debt (€M)(€M)2	1,614	1,515	1,442	1,389	1,361	1,426	1,485	1,362	1,397	1,329	1,290
of which: Asset-Backed Financing / Securitizations (€M)(€M)	1,424	1,346	1,288	1,249	1,235	1,300	1,342	1,253	1,269	1,216	1,167
US Securitization Programs — Amount Outstanding ($M)($M)1	1,622	1,548	1,513	1,467	1,448	1,406	1,394	1,402	1,359	1,314	1,289	1,278
US Securitization Programs — Total Committed Funding Limit ($M)($M)	1,675	1,625	1,575	1,525	1,525	1,525	1,525	1,450	1,375	1,375	1,375	1,300
Financial Services Net Debt (€M)(€M)	-1,549	-1,460	-1,385	-1,336	-1,302	-1,370	-1,430	-1,321	-1,356	-1,295	-1,256	-1,297
Equity-Method Investments — FFS GmbH (EMEA JV) & FS China (€M)(€M)	82.3	79.3	76	71.8	68.9	66	63.4	60.8	58.6	56.7	55.2	53.3
Financial Services Interest & Other Income (€M)(€M)1	38	34.1	37.1	35.1	35	34.8	35.6	33.4	32.5	28.9	27.6	25.8
Financial Services Interest & Funding Expenses (€M)(€M)	24.3	21.2	26.4	23.6	25.2	24.1	25.6	22.7	22.2	17.9	17.3	15.9
Financial Services Free Cash Flow (€M)(€M)	-75	-43	-52	-38	-42	3	-4	-26	-48	-11	-13	-25

Total R&D Cash Expenditure — Capitalized + Expensed (€M)(€M)2	267	267	244	244	256	270	286	247	251	255	283	232
Capitalized Development Costs — Road Cars (€M)(€M)	122	112	95	106	110	110	124	119	124	109	125	103
R&D Costs Expensed — Formula 1 & Early Innovation (€M)(€M)	145	155	149	138	146	160	162	128	127	146	158	129
Total R&D Charged to Income Statement (€M)(€M)1	218	245	239	222	225	233	246	212	205	231	253	221
of which: Amortization of Capitalized Development Costs (€M)(€M)	73	90	90	84	79	73	84	84	78	85	95	92
Total Capital Expenditures — Tangibles + Intangibles (€M)(€M)	236	253	250	230	239	224	277	249	268	195	316	205
Selling, General & Administrative Costs (€M)(€M)2	188	161	173	160	160	149	159	135	143	124	117	119
Selling Costs — Brand, Events & Retail Stores (€M)(€M)	121	90.6	85.5	87.2	94.7	82.1	77.2	68.2	77.7	65.4	53.8	62.6
General & Administrative Costs (€M)(€M)	67.4	69.9	87.7	73.1	65.3	67	82.2	66.7	65.1	58.6	62.7	56
Adjusted EBITDA (€M)(€M)6	755	722	700	670	709	693	643	638	669	605	558	595
Adjusted EBITDA Margin (%)(%)	39.0%	39.1%	38.8%	37.9%	39.7%	38.7%	37.0%	38.8%	39.1%	38.2%	36.7%
EBITDA YoY Growth at Constant Currency (%)(%)	12.0%	9.0%	12.0%	8.0%	7.0%	13.0%	19.0%
EBITDA at Constant Currency (€M)(€M)	761	763	726	682	711	678	642	630	679	621	575	645
Industrial Activities EBITDA (€M)(€M)	741	708	689	658	699	683	634	628	659	595	548	586
Reported EBITDA (€M)(€M)	755	722	700	670	709	693	643	638	669	605	558	595
Depreciation & Amortization (€M)(€M)	150	174	187	167	157	151	175	171	158	163	186	172
Adjusted Operating Profit / EBIT (€M)(€M)4	605	548	513	503	552	542	468	467	511	442	372	423
Adjusted EBIT Margin (%)(%)	31.2%	29.7%	28.5%	28.4%	30.9%	30.3%	27.0%	28.4%	29.9%	27.9%	24.4%
EBIT YoY Growth at Constant Currency (%)(%)	16.0%	8.0%	14.0%	12.0%	9.0%	21.0%	32.0%
Operating Profit / EBIT at Constant Currency (€M)(€M)	611	589	539	515	554	527	467
Reported EBIT (€M)(€M)	605	548	513	503	552	542	468	467	511	442	372	423
Consolidated Net Profit (€M)(€M)1	463	413	381	382	425	412	386	375	413	352	294	332
Adjusted Net Profit (€M)(€M)	463	413	381	382	425	412	386	375	413	352	294	332
Industrial Free Cash Flow (€M)(€M)2	276	653	321	365	198	620	221	364	121	321	224	301
Consolidated Operating Cash Flow (€M)(€M)	437	863	519	557	395	847	494	587	341	505	527	481
Consolidated Total Free Cash Flow (€M)(€M)	201	610	269	327	156	623	217	338	73	310	211	276
Total Inventories (€M)(€M)3	1,240	1,154	1,114	1,078	1,126	1,094	1,088	1,032	1,082	993	949	898
Raw Materials (€M)(€M)	238	239	238	239	230	226	222	216	206	208	203	192
Semi-Finished Goods (€M)(€M)	260	284	258	253	218	240	239	247	225	236	230	254
Finished Goods — Cars & Spare Parts (€M)(€M)	742	631	617	585	678	629	627	569	650	549	516	452
Trade Receivables (€M)(€M)	464	379	310	350	417	411	302	292	330	365	225	299
Total Provisions (€M)(€M)3	170	180	185	184	196	212	206	200	185	190	187	186
Warranty & Recall Campaigns Provision (€M)(€M)	129	131	137	144	142	157	152	151	139	134	131	135
Environmental, CO2 Emissions & Other Risks Provision (€M)(€M)	27.9	36.2	34.8	33.2	46.8	42.3	42.1	37.2	35.3	45.3	49.3	42.7
Legal Proceedings & Disputes Provision (€M)(€M)	13	13.1	12.9	6.90	7.10	12.3	11.9	11.6	11.5	10.1	7.50	8

Common Shares Outstanding (thousands)3	175,917	176,514	177,279	177,925	178,218	178,203	179,044				180,418
Special Voting Shares Outstanding — Loyalty Voting Structure (thousands)	56,663	56,663	56,666	56,666	56,666	56,666	63,333				63,333
Weighted Average Common Shares — Basic (thousands)	176,228	176,982	177,488	178,148	178,216	178,651	179,190	179,586	179,952	180,250	180,592	181,046
Weighted Average Common Shares — Diluted (thousands)	176,429	177,320	177,684	178,348	178,427	178,890	179,439	179,840	180,206	180,527	180,883	181,315
Adjusted Diluted Earnings per Share (€)(€)2	2.62	2.33	2.14	2.14	2.38	2.30	2.14	2.08	2.29	1.95	1.62	1.82
Reported Diluted Earnings per Share (€)(€)	2.62	2.33	2.14	2.14	2.38	2.30	2.14	2.08	2.29	1.95	1.62	1.82
Reported Basic Earnings per Share (€)(€)	2.63	2.33	2.14	2.14	2.38	2.30	2.14	2.08	2.29	1.95	1.63	1.82
Net Industrial (Debt) / Cash (€M)(€M)4	-131	388	-32	-116	-338	-49	-180	-246	-441	38	-99	-233
Consolidated Net (Debt) / Cash (€M)(€M)	-1,680	-1,072	-1,417	-1,452	-1,640	-1,419	-1,610	-1,567	-1,797	-1,257	-1,355
Consolidated Net Debt / LTM EBITDA (x)(×)	0.60	0.40	0.50	0.50	0.60	0.50	0.60	0.60	0.70	0.50	0.60
LTM Industrial EBITDA (€M)(€M)	2,796	2,754	2,729				2,516	2,342	2,388	2,309	2,243
LTM Consolidated EBITDA (€M)(€M)	2,847	2,801	2,772	2,715	2,683	2,643	2,555	2,470	2,427	2,347	2,279
Total Gross Debt (€M)(€M)4	3,166	2,929	2,884	2,870	3,158	3,334	3,352	3,096	3,129	2,623	2,477	2,542
Industrial Activities Gross Debt (€M)(€M)	1,552	1,414	1,442	1,481	1,797	1,908	1,867	1,734	1,732	1,294	1,187
Bonds & Notes (€M)(€M)	951	963	959	953	950	1,418	1,413	1,405	1,399	905	904
Borrowings from Banks & Financial Institutions (€M)(€M)	584	385	428	438	768	381	415	268	303	336	291
IFRS 16 Lease Liabilities (€M)(€M)	157	126	73	178	126	73	57	131	126	117	56	81
Total Available Liquidity (€M)(€M)2	2,036	2,407	2,017	1,968	2,068	2,017	2,292		1,882	2,292	1,722	1,612
Cash & Cash Equivalents (€M)(€M)	1,486	1,857	1,467	1,418	1,518	1,915	1,742	1,529	1,332	1,366	1,122	1,012
Undrawn Committed Credit Lines (€M)(€M)	550	550	550	550	550	550	550		550	550	600	600

Average Number of Employees (headcount)	5,747	5,740		5,525	5,490	5,465		5,392	5,274	5,204		4,951

Italic numbers are calculated by StockData from reported figures (hover for the formula). Numbers with a dotted underline are read from the text of earnings releases and presentations; hover to see the exact sentence. Tick a row to add it to the chart above (up to 8 lines).

Methodology and excluded metrics

Ferrari N.V. reports under IFRS in Euros (€M) with a calendar fiscal year ending December 31; Q2 2026 (ended June 30, 2026) is the latest reported quarter as of October 31, 2026 (Q3 2026 results scheduled for November 3, 2026).
High-frequency monthly series run ahead of quarterly financial reports: weekly Form 6-K share repurchase & treasury share disclosures cover through October 2026 (2026-10), while official German (KBA FZ 10 by model/powertrain) and Italian (MIT/UNRAE) vehicle registration registries and FRED FX/macro series cover through September 2026 (2026-09).
Only the two Step 4 derivations are used: (1) Q4 = FY − 9M (Form 20-F 12M minus Q3 Form 6-K 9M) for additive Note 6/7/8/28 IFRS flows, and (2) monthly buyback flow = YTD − prior YTD from cumulative Form 6-K buyback disclosures. Consolidated minus standalone parent is not computed because Ferrari N.V. (Netherlands) is a pure holding company without manufacturing operations.
Metrics published on Ferrari's Q1, Q2, Q3 Interim Report / Presentation + Full-Year Form 20-F cycle (ICE/Hybrid model counts & shipment share %, Product Pillar share %, and Average Employees) show Q1–Q3 and Full Year as officially disclosed.
Group 9 provides annual XBRL financial & segment figures in USD ($M) from the project Postgres database for reconciliation.

Not shown because recent periods are missing (5)

Total Net Revenues (€M) › Other Net Revenues incl. Financial Services & Racetrack (€M) › Legacy Maserati Engines Net Revenues — Contract Ended Dec 2023 (€M) (Q:FY2014Q4..FY2023Q4, Y:FY2014..FY2023)
Germany New Ferrari Registrations — KBA FZ 10 (units, monthly) › Discontinued Model Line: Ferrari F8 in Germany (units) (M:2021-01..2025-12, Y:FY2021..FY2025)
Germany New Ferrari Registrations — KBA FZ 10 (units, monthly) › Discontinued Model Line: Ferrari Portofino in Germany (units) (M:2021-02..2025-12, Y:FY2021..FY2025)
Germany New Ferrari Registrations — KBA FZ 10 (units, monthly) › Discontinued Model Line: Ferrari 488 in Germany (units) (M:2021-01..2025-12, Y:FY2021..FY2025)
2022–2025 €2.0B Multi-Year Buyback Program — Cumulative Invested (€M) (completed Dec 2025)

Data updated 2026-10-31.

Every KPI on its own page

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Ferrari N.V. (RACE) operating KPIs

KPIs

Every KPI on its own page

Vehicle Shipments, Factory Production, Powertrain & Product Pillar Mix

Distribution Network, Direct Lifestyle Stores & Client Order Deposits / Commitments

Net Revenues by Business Stream, Key Country Markets (€M, IFRS) & Formula 1 Championship

Ferrari Financial Services (Captive Client Financing & Securitizations)

R&D Innovation, Capex, Working Capital, Provisions & Industrial Cash Flow (€M)

Shareholder Return (Monthly Buybacks through Oct 2026), Loyalty Voting Shares & Liquidity

Workforce, Product Safety, 3TG Supply Chain & Sustainability (SASB / ESRS)

External High-Frequency Auto Registries (Germany KBA, Italy UNRAE through Sep 2026), NHTSA & Macro

Financial & Segment Reference from Database (USD, Form 20-F XBRL)