General Motors (GM) earnings Q4 2025

DETROIT – General Engines It beat Wall Street’s fourth-quarter earnings expectations on Tuesday, leading to another year of “strong financial performance.”

The Detroit automaker, which slightly missed revenue expectations, also announced a 20% increase in its quarterly dividend and a new $6 billion share buyback authorization.

Here’s how the company performed in the fourth quarter compared to average estimates compiled by LSEG:

• Earnings per share: $2.51 vs expected $2.20
• Revenues: $45.29 billion versus the expected $45.8 billion

GM’s 2026 earnings forecast is better than last year’s expectations and results. Includes $10.3 billion to $11.7 billion in net income attributable to shareholders; adjusted earnings before interest and taxes $13 billion to $15 billion; and EPS between $11 and $13 for the year.

Those expectations include expected spending of between $10 billion and $12 billion for the automaker, which continues to reevaluate its product portfolio away from all-electric vehicles amid billions of dollars in losses.

GM’s 2025 results included net income attributable to shareholders of $2.7 billion, or earnings per share of $3.27; EBITDA-adjusted earnings of $12.7 billion, or $10.60 per share; and adjusted automotive free cash flow was $10.6 billion.

The company’s adjusted earnings per share target for 2026 is in line with consensus of $11.73 per share, according to LSEG.

In the fourth quarter, the Detroit automaker reported EBITDA-adjusted earnings of $2.8 billion and net losses attributable to shareholders of $3.3 billion. The loss includes more than $7.2 billion in special charges largely related to the pullback in electric vehicles and restructuring efforts in China.

GM previously announced $7.1 billion in special expenses for the fourth quarter earlier this month. Additional private charges included $357 million in “legal matters” related to OnStar and airbags, $5 million for a recent move to headquarters and $133 million related to the defunct Cruise robotaxi unit.

Despite the automaker’s ongoing reevaluation, GM CEO and Chairman Mary Barra said GM remains in a strong position to return capital to shareholders.

The company also said Tuesday that its board authorized a new $6 billion stock buyback and a 3-cent quarterly stock split to 18 cents per share.

This continues GM’s ongoing effort to reduce its outstanding shares to help boost its stock price. By the end of last year, the company had 904 million shares outstanding. This figure decreased from 995 million at the end of the previous year to 1.2 billion by the end of 2023.

GM executives will host an earnings conference call at 8:30 a.m. EST.

This is developing news. Please check back for additional updates.