Companies /Consumer Cyclical

General Motors Company

NYSE: GM Auto Manufacturers
$84.87
▼ $0.76 (−0.89%) today
Markets closed · 9:26am ET

Q1 2025 Earnings

Reported Apr 29, 2025, 7:30am ET · SEC source
$2.78
Beat +4.33%
EPS · est. $2.66
$44.0B
Beat +1.88%
Revenue · est. $43.2B
−0.6%
Trailing market
GM vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−2%0+2%+4%Apr 29Apr 30report 7:30am ETearnings−0.1%−2.3%
−2%0+2%+4%Apr 29Apr 30earnings−0.1%−2.3%
GM −2.3%S&P 500 −0.1%
−2%0+2%+4%Apr 29Apr 30report 7:30am ETearnings−0.2%−2.3%
−2%0+2%+4%Apr 29Apr 30earnings−0.2%−2.3%
GM −2.3%NASDAQ −0.2%
−2%0+2%Apr 28May 7report 7:30am ETearnings+1.8%−1.2%
−2%0+2%Apr 28May 7earnings+1.8%−1.2%
GM −1.2%S&P 500 +1.8%
−3%0+3%Apr 28May 7report 7:30am ETearnings+2.4%−1.2%
−3%0+3%Apr 28May 7earnings+2.4%−1.2%
GM −1.2%NASDAQ +2.4%
−0.64%
Day of report
−3.62%
Next session
−3.15%
One week
+5.69%
30 days

S&P 500 over the same 30 days: +6.33%.

Did GM Beat Earnings? Q1 2025 Results

General Motors opened 2025 on a solid footing, posting first-quarter earnings that beat Wall Street expectations on both the top and bottom lines even as underlying profitability showed signs of pressure. Adjusted EPS of $2.78 cleared the $2.6646 consensus by 4.33%, while revenue of $44.02 billion — up 2.3% year over year — topped estimates by 1.88%. The North American operations remained the clear profit engine, generating EBIT-adjusted of $3.29 billion, though that figure slid 14.4% from a year ago as margins compressed from 10.6% to 8.8%, reflecting cost headwinds that tempered what was otherwise a constructive quarter. U.S. market share expanded meaningfully to 17.2% from 15.4%, with truck share reaching 32.7%. The results landed against a backdrop of <a href="https://247wallst.com/investing/2025/07/22/live-why-general-motors-is-sinking-3-after-earnings/">mounting tariff concerns</a> weighing on the broader auto sector, and GM itself acknowledged the uncertainty — rescheduling its conference call to May 1 to deliver updated full-year 2025 guidance that accounts for recent trade policy developments, as its initial outlook was issued without contemplating tariff impacts.

Key Takeaways
  • U.S. market share expanded to 17.2% from 15.4% year over year
  • Truck segment market share of 32.7% in U.S., up from 31.1%
  • Crossover market share grew to 14.6% from 11.5% in U.S.
  • Total wholesale vehicle sales rose to 912,000 from 895,000
  • China equity income swung to $45 million profit from $106 million loss
  • Cruise losses narrowed to $273 million from $442 million
  • North America capacity two-shift utilization at 109.5%

Forward Guidance & Outlook

GM's initial full-year 2025 financial guidance does not contemplate the potential impact of tariffs. The company rescheduled its earnings conference call from April 29 to May 1, 2025, to discuss updated 2025 full-year guidance in light of recent reports regarding updates to trade policy.

GM YoY Financials

Q1 2025 vs Q1 2024 · SEC filings Q1 2024 Q1 2025
$0$20.0B$40.0B$43.0B$44.0BRevenue$3.0B$2.8BNet Income$3.7B$3.4BOperating Income
$0$20.0B$40.0BRevenueNet IncomeOperating Income

GM Revenue by Segment

GM North America$37.4B
GM Financial$4.2B
GM International$2.4B

Figures from SEC filings and company reports. Not investment advice.