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Volkswagen: results and industrial restructuring

This dossier follows Volkswagen Group results and the industrial pressures on profitability, with the relevant accounting periods and limits.

Last updated : 1 key moments

Where things stand

As of 29 October 2026, Volkswagen reports a quarterly operating loss of €5.86 billion and a 6.3% revenue decline.

Volkswagen reports €5.86 billion operating loss in the third quarter

Volkswagen reported a third-quarter operating loss of €5.86 billion on 29 October 2026. Quarterly revenue fell 6.3% to €75.28 billion.

Volkswagen’s old main building in Wolfsburg, 2008. Archive illustration, not the results announcement.
Volkswagen’s old main building in Wolfsburg, 2008. Archive illustration, not the results announcement. — Hannes Grobe / Wikimedia Commons — CC BY 3.0 https://creativecommons.org/licenses/by/3.0/ ; photo 2008, sans modification.

The net loss was €5.82 billion. These measures are distinct: the operating result reflects business operations, while the net result also incorporates financial and tax items.

The accounts include €7.8 billion in special items, including a Porsche-related impairment. The group also faces competitive pressure in China. It retains its forecast of roughly €315 billion in annual revenue and an operating margin of up to 1%, targets that have yet to be delivered.

Sources 3