General Motors (GM) earnings Q4 2025

DETROIT – General Motors beat Wall Street’s fourth-quarter earnings expectations Tuesday, while guiding for 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 repurchase authorization.

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

• Earnings per share: $2.51 adjusted vs. $2.20 expected
• Revenue: $45.29 billion vs. $45.8 billion expected

GM’s 2026 earnings guidance is better than its expectations and results from last year. It includes net income attributable to stockholders of between $10.3 billion and $11.7 billion; adjusted earnings before interest and taxes of $13 billion to $15 billion; and EPS of between $11 and $13 for the year.

Those expectations include anticipated 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 write-downs.

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

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

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

GM pre-announced $7.1 billion of the special charges for the fourth quarter earlier this month. The additional special charges included $357 million in “legal matters,” related to OnStar and airbags, $5 million for its recent headquarters move and $133 million related to its defunct Cruise robotaxi unit.

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

The company also said Tuesday that its board is authorizing a new $6 billion share repurchase and increasing its quarterly common stock divided by 3 cents to 18 cents per share.

That continues GM’s ongoing effort to reduce its outstanding shares to help boost its stock price. To end last year, the company had 904 million shares outstanding. That was down from 995 million at the end of the prior year, and 1.2 billion to end 2023.

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

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