Q4 25 EPS
$2.50
BEAT +13.93%
Est. $2.20
Q4 25 Revenue
$2.11B
BEAT +18.35%
Est. $1.78B
vs S&P Since Q4 25
-0.6%
TRAILING MARKET
RACE +7.1% vs S&P +7.6%
Full Year 2025 Results
FY 25 EPS
$10.48
FY 25 Revenue
$8.36B
Market Reaction
Did RACE Beat Earnings? Q4 2025 Results
Ferrari delivered a standout Q4 2025, beating Wall Street expectations on both the top and bottom lines as disciplined product mix management and surging brand revenues powered stronger-than-anticipated results. The Maranello-based automaker posted e… Read more Ferrari delivered a standout Q4 2025, beating Wall Street expectations on both the top and bottom lines as disciplined product mix management and surging brand revenues powered stronger-than-anticipated results. The Maranello-based automaker posted earnings per share of $2.50, clearing the $2.20 consensus estimate by 13.93%, while revenue of $2.11 billion ran 18.35% ahead of the $1.78 billion expectation and grew 3.8% year over year. The key driver behind the outperformance was a deliberate model changeover strategy: despite shipments dipping by 173 units versus the prior-year quarter, a richer mix anchored by the 12Cilindri and SF90 XX families lifted Q4 EBIT margins by 150 basis points to 28.5%. Sponsorship and commercial revenues surged 17% in the quarter to $249.15 million, reflecting Ferrari's deepening appeal beyond the track, a theme reinforced by the FIA's recent approval of its innovative rotating rear wing ahead of the Formula 1 season. Looking ahead, Ferrari guided for 2026 revenues of approximately $8.77 billion, adjusted EBIT margins of at least 29.5%, and diluted EPS of at least $11.05, supported by an order book extending toward end-2027.
Key Takeaways
- • Enriched product mix with 12Cilindri and SF90 XX families increasing contribution
- • Stronger personalizations revenue
- • New and expanded sponsorship agreements in racing
- • Higher commercial revenues from improved 2024 Formula 1 ranking
- • Lifestyle activities growth from licenses, activations and experiences
- • Patent Box tax benefit reducing effective tax rate to 22.5%
RACE YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
RACE Revenue by Segment
With YoY comparisons, source: SEC Filings
RACE Revenue by Geography
With YoY comparisons, source: SEC Filings
“In 2025, Ferrari confirmed the strength of its carefully-managed volume strategy, pursuing value. Our remarkable financial performance – with revenues up 7% to over Euro 7.1 billion, an EBIT margin up 120 basis points to 29.5%, and industrial free cash flow surpassing Euro 1.5 billion – was sustained by product mix, personalizations and sponsorships. Demand for Ferrari remains very solid and is managed with discipline in every market reflecting our exclusivity model: our order book extends towards the end of 2027. We remain true to our identity: forward-looking and defined by our will to progress.”
— Benedetto Vigna, Q4 2025 Earnings Press Release
RACE Earnings Trends
RACE vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
RACE EPS Trend
Earnings per share: estimate vs actual
RACE Revenue Trend
Quarterly revenue: estimate vs actual
RACE Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $2.37 | $2.69 | +13.26% | $2.13B | +16.55% |
| Q4 25 BEAT FY | $2.20 | $2.50 | +13.93% | $2.11B | +18.35% |
| FY Full Year | — | $10.48 | — | $8.36B | — |
| Q3 25 BEAT | $2.04 | $2.50 | +22.53% | $2.07B | +20.77% |
| Q2 25 BEAT | $2.31 | $2.78 | +20.54% | $2.09B | +14.06% |
| Q1 25 BEAT | $2.25 | $2.30 | +2.39% | $1.79B | +0.91% |