Ferrari N.V. (RACE) — Financial statements
Income statement, balance sheet, and cash flow for Ferrari N.V. — annual and quarterly history with growth and margin analysis.
| Metric (EUR Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 7,146↑7.0% | 6,677↑11.8% | 5,970↑17.2% | 5,095↑19.3% | 4,271 | |
| Cost of Revenue | 3,453↑3.7% | 3,329↑11.1% | 2,996↑13.1% | 2,649↑27.3% | 2,081 | |
| Gross Profit | 3,693↑10.3% | 3,347↑12.5% | 2,974↑21.6% | 2,446↑11.7% | 2,190 | |
| Operating Expenses | ||||||
| R&D Expenses | 919↑2.8% | 894↑1.4% | 882↑13.7% | 776↑1.0% | 768 | |
| General & Administrative Expenses | 293↑7.5% | 273↑20.5% | 226↑12.5% | 201↑11.9% | 180 | |
| Selling & Marketing Expenses | 349↑21.1% | 289↑22.0% | 236↑4.2% | 227↑34.7% | 168 | |
| SG&A Expenses | 642↑14.4% | 561↑21.3% | 463↑8.1% | 428↑23.0% | 348 | |
| Other Expenses | 22 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 1,583↑8.8% | 1,455↑8.3% | 1,344↑11.7% | 1,204↑7.8% | 1,116 | |
| Total Costs & Expenses | 5,036↑5.3% | 4,785↑10.2% | 4,340↑12.7% | 3,852↑20.5% | 3,197 | |
| Operating Results | ||||||
| Operating Income | 2,110↑11.5% | 1,892↑16.1% | 1,630↑31.2% | 1,243↑15.7% | 1,074 | |
| Depreciation & Amortization | 285↓57.2% | 667↑0.7% | 662↑21.3% | 546↑19.8% | 456 | |
| EBITDA | 2,391↓7.9% | 2,594↑13.1% | 2,295↑29.5% | 1,772↑15.8% | 1,530 | |
| EBIT | 2,105↑9.2% | 1,928↑18.1% | 1,632↑33.2% | 1,226↑14.2% | 1,074 | |
| Interest & Other Income | ||||||
| Net Interest Income | -21↓35.4% | -15↓48.7% | -10↑79.2% | -50↓49.2% | -33 | |
| Interest Income | 20↓35.2% | 31↑22.0% | 26↑463.6% | 5↓10.9% | 5 | |
| Interest Expense | 41↓12.0% | 47↑29.6% | 36↓33.4% | 54↑41.1% | 38 | |
| Non-Operating Income | 5↑113.6% | -36↓1513.2% | -2↓113.0% | 17↑3930.4% | 0.42 | |
| Other Income / Expenses | -46↓1436.9% | -3↑89.2% | -28↑57.3% | -65↓103.6% | -32 | |
| Income Before Tax | 2,064↑9.3% | 1,889↑17.9% | 1,602↑36.1% | 1,178↑13.0% | 1,042 | |
| Income Tax Expense | 464↑27.8% | 363↑5.3% | 345↑44.6% | 238↑14.0% | 209 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,600↑4.9% | 1,526↑21.3% | 1,257↑33.9% | 939↑12.7% | 833 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,597↑4.9% | 1,522↑21.6% | 1,252↑34.3% | 933↑12.3% | 831 | |
| Bottom-Line Net Income | 1,597↑4.9% | 1,522↑21.6% | 1,252↑34.3% | 933↑12.3% | 831 | |
| EPS (Basic) | 8.97↑5.9% | 8.47↑22.6% | 6.91↑35.5% | 5.10↑13.3% | 4.50 | |
| EPS (Diluted) | 8.96↑5.9% | 8.46↑22.6% | 6.90↑35.6% | 5.09↑13.1% | 4.50 | |
| Weighted Average Shares | 179↓0.7% | 180↓0.8% | 181↓0.9% | 183↓0.9% | 184 | |
| Weighted Average Diluted Shares | 178↓0.9% | 180↓0.8% | 182↓0.9% | 183↓0.9% | 185 | |
* All figures in Millions of EUR, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.