FY2010 – FY2025 · NYSE:GM · CIK 1467858
General Motors Financials
The four-segment revenue shape (GM North America / GM International / Cruise / GM Financial), Ultium EV capex, the 2009-reorganization cap-table reset, the December 2024 Cruise wind-down charges, and the substantial dividend-and-buyback program — a 117-year-old legacy automaker with a captive-finance subsidiary on its balance sheet. EDGAR XBRL pulled live.
Sibling page: General Motors Leadership · Auto-sector matched pair: Tesla Financials.
GMNA share (FY2025)
84%
GM North America $154.32B of segment revenue.
GM Financial share (FY2025)
9%
Captive-finance revenue $17.06B.
Capex (FY2025)
$9.30B
5% of revenue.
Net income (FY2025)
$2.70B
GAAP; FY2025 absorbed ~$7.9B of EV-realignment special charges.
Stock price (GM)
Live current price plus a five-year history. Updates during US market hours (9:30 a.m. – 4:00 p.m. Eastern, Monday – Friday) via TradingView's embed widget.
Most recent GM SEC filings
The freshness frontier — the latest filing of each material form type, sourced live from EDGAR. The 10-K marked “Anchors this page” is the source of the hand-curated values; the others are surfaced for transparency.
7 material filings have been filed since the anchor 10-K above (1 10-Q, 4 8-K, 1 DEF 14A, 1 ARS). The annual charts (revenue, segments, capex, capital returns, share count) reflect fiscal-year-end values; quarterly cuts in the 10-Qs and the monthly US-sales 8-Ks filed since are not yet folded into the annual charts. The 10-K marked “Anchors this page” remains the source for the per-FY hand-curated values.
Earnings Reaction History
Eight most-recent GM earnings prints. Actual revenue (consolidated Total net sales and revenue) and actual EPS-diluted-adjusted (GM's headline non-GAAP measure) are sourced from each quarter's earnings 8-K press-release exhibit; consensus revenue and adjusted EPS are the LSEG consensus reported in print-day CNBC coverage; the stock-move triples are computed from the Yahoo Finance v8 chart endpoint.
| Q2 2024 | $45.51B | $47.97B | $2.70 | $3.06 | +3.0% | -6.4% | -10.9% |
| Q3 2024 | $44.59B | $48.76B | $2.43 | $2.96 | +1.9% | +9.8% | +7.8% |
| Q4 2024 | $43.93B | $47.70B | $1.89 | $1.92 | +2.4% | -8.9% | -12.8% |
| Q1 2025 | $43.05B | $44.02B | $2.74 | $2.78 | +0.5% | -0.6% | -3.9% |
| Q2 2025 | $46.28B | $47.12B | $2.44 | $2.53 | +9.7% | -8.1% | +0.5% |
| Q3 2025 | $45.02B | $48.59B | $2.32 | $2.80 | -1.5% | +14.9% | +19.6% |
| Q4 2025 | $45.80B | $45.29B | $2.20 | $2.51 | -4.2% | +8.8% | +6.1% |
| Q1 2026 | $43.54B | $43.62B | $2.62 | $3.70 | +7.2% | +1.3% | -2.9% |
GM reports before market open, so the reaction lands on the print day itself: the “1-day move” is the print-day close versus the prior close, the “30d run-up” is measured to that prior close, and the “5-day move” spans the trading week after the print. Cells not yet verified against their primary source render as muted em-dashes.
Annual revenue
Total net sales and revenue as reported on the consolidated income statement in each year's 10-K — GM's top line, which includes GM Financial revenue and therefore reconciles with the per-segment stack below. GM's fiscal year is the calendar year; FY2025 covers the year ending December 31, 2025. The pre-2017 figures reflect a discontinuity: when GM sold its European (Opel/Vauxhall) business to PSA in 2017 it recast prior-year continuing operations to exclude Europe, so the 2015–2016 values are ex-Europe while 2010–2014 still include it. The COVID trough (FY2020), the 2021–2022 chip-shortage period, and the FY2023–FY2024 recovery are all visible. Sourced live from SEC EDGAR XBRL (Revenues).
Show table
| Fiscal year | Revenue | Source |
|---|---|---|
| FY2010 | $135.59B | 10-K filed 2013-02-15 |
| FY2011 | $150.28B | 10-K filed 2014-02-06 |
| FY2012 | $152.26B | 10-K filed 2015-02-04 |
| FY2013 | $155.43B | 10-K filed 2016-02-03 |
| FY2014 | $155.93B | 10-K filed 2017-02-07 |
| FY2015 | $135.72B | 10-K filed 2018-02-06 |
| FY2016 | $149.18B | 10-K filed 2019-02-06 |
| FY2017 | $145.59B | 10-K filed 2020-02-05 |
| FY2018 | $147.05B | 10-K filed 2021-02-10 |
| FY2019 | $137.24B | 10-K filed 2022-02-02 |
| FY2020 | $122.48B | 10-K filed 2023-01-31 |
| FY2021 | $127.00B | 10-K filed 2024-01-30 |
| FY2022 | $156.74B | 10-K filed 2025-01-28 |
| FY2023 | $171.84B | 10-K filed 2026-01-27 |
| FY2024 | $187.44B | 10-K filed 2026-01-27 |
| FY2025 | $185.02B | 10-K filed 2026-01-27 |
Revenue by segment (GMNA / GMI / Cruise / GM Financial)
GM reports four segments: GM North America (Chevrolet, GMC, Buick, Cadillac in the US, Canada, and Mexico — the dominant segment), GM International (China via the SAIC-GM joint venture plus Korea, the Middle East, South America and other markets), GM Financial (the captive-finance subsidiary — see its dedicated section below), and Cruise (the robotaxi subsidiary wound down December 2024, whose revenue was always negligible while its losses were material). Values are each segment's Net sales and revenue from the 10-K Segment Reporting note. The four segments sum to slightly less than the consolidated total in the chart above because of a small Corporate line and intersegment eliminations. The chart covers the FY2020+ window during which the current four-segment structure has been reported consistently; before 2018 GM reported GM Europe (divested 2017) as a separate segment.
Show table
| FY | GMNA | GMI | GM Financial | Cruise | Consolidated total | Source |
|---|---|---|---|---|---|---|
| FY2020 | $96.73B | $11.59B | $13.83B | $103M | $122.48B | 10-K (FY2022) |
| FY2021 | $101.31B | $12.17B | $13.42B | $106M | $127.00B | 10-K (FY2022) |
| FY2022 | $128.38B | $15.42B | $12.77B | $102M | $156.74B | 10-K (FY2022) |
| FY2023 | $141.44B | $15.95B | $14.22B | $102M | $171.84B | 10-K (FY2025) |
| FY2024 | $157.51B | $13.89B | $15.88B | $257M | $187.44B | 10-K (FY2025) |
| FY2025 | $154.32B | $13.43B | $17.06B | $1M | $185.02B | 10-K (FY2025) |
GM International & the 2017 European divestment
GM International is the rest-of-world segment — today mostly China (via the SAIC-GM joint venture), Korea, the Middle East, and South America. Its modern shape was set by GM's exit from Europe.
Opel / Vauxhall sold to PSA — closed 2017-08-01
On March 6, 2017 GM agreed to sell its Opel and Vauxhall automotive business — its long-loss-making European operations — to PSA Groupe (Peugeot/Citroën, now part of Stellantis) for roughly €2.2 billion, with the automotive transaction closing August 1, 2017 and GM Financial's European operations transferring separately. The sale ended decades of European losses and reshaped GM International: European wholesale and retail revenue disappeared from the segment thereafter, and the company recast prior-year continuing-operations figures to exclude Europe — visible as the discontinuity around 2016-2017 in the annual-revenue chart above. After the divestment GM realigned its remaining international operations into the single GM International segment.
Headline price ~€2.2B · announced 2017-03-06.
Cruise: the operating-loss trajectory and the December 2024 wind-down
On December 10, 2024 GM announced it would stop funding Cruise's robotaxi development and fold the unit's technical work back into GM's broader software and ADAS / Super Cruise stack, citing the time and capital required to scale the business and an increasingly competitive robotaxi market. The decision followed the October 2023 California DMV suspension of Cruise's driverless permits after a pedestrian-dragging incident and the November 2023 resignation of Cruise CEO Kyle Vogt. The wind-down produced restructuring charges in FY2024-FY2025 that GM reports as adjustments outside the Cruise segment's EBIT-adjusted measure. The bars below show the Cruise segment's EBIT-adjusted result (GM's disclosed segment performance measure) per fiscal year — the losses widened steadily to a $2.7B peak in FY2023 before the wind-down collapsed them. This measure excludes the special restructuring charges, which are broken out separately below.
Cruise restructuring / wind-down charges (reported as adjustments outside segment EBIT-adjusted)
- FY2023$478M
- FY2024$1.10B
- FY2025$223M
Net cash used in operating activities by Cruise was $1.0 billion, $2.2 billion, and $1.9 billion in the years ended December 31, 2025, 2024, and 2023 respectively (FY2025 10-K). The Cruise restructuring activities were substantially complete as of December 31, 2025.
GM invested more than $10 billion in Cruise from the March 2016 acquisition of Cruise Automation through the December 2024 decision to stop funding robotaxi development — across multiple equity injections and a convertible note (a $(0.9)B convertible note issued by Cruise to GM in the year ended December 31, 2024 per the FY2025 10-K cash-flow note). The annual investment had been running at roughly $2 billion before the wind-down.
GM Financial: the captive-finance subsidiary on the balance sheet
In the year ended December 31, 2025, GM Financial's revenue consisted of leased-vehicle income (46%), retail finance-charge income (41%), and commercial finance-charge income (7%) (FY2025 10-K, MD&A). GM Financial is GM's captive-finance subsidiary, created from the October 2010 acquisition of AmeriCredit Corp. after the 2009 bankruptcy left GM without a captive finance arm (the original GMAC had become Ally Financial during the bailout era).
Revenue (FY2025)
$17.06B
EBIT-adjusted (FY2025)
$2.80B
Total assets
$138.82B
Share of GM total assets
49%
GM Financial's total assets of $138.8 billion at December 31, 2025 were roughly half of GM's $281.3 billion consolidated total assets — almost entirely finance receivables and leased vehicles funded by GM Financial's own debt, which is consolidated onto GM's balance sheet. This is why a casual reading of GM's consolidated debt looks far larger than GM's automotive-only debt: the methodology footer explains the consolidated-vs-automotive-only dual view that GM itself uses in its filings.
GM Financial is a separate SEC registrant (CIK 0000804269) because of its public debt obligations and files its own 10-K and 10-Q with additional captive-finance-portfolio detail beyond the consolidated 10-K Segment footnote.
Capital expenditures (the Ultium EV transition)
Annual cash spent on property, plant, and equipment. Bar height is absolute dollars; the smaller figure beneath each dollar amount is capex as a share of that year's revenue. GM does not break out capex by program, but the spend is dominated by the Ultium battery-platform build-out (including the Ultium Cells joint-venture plants with LG Energy Solution) and the broader EV transition — which GM has re-paced multiple times since 2023 in response to softer-than-expected EV demand. Sourced live from SEC EDGAR XBRL (PaymentsToAcquirePropertyPlantAndEquipment). Last twelve fiscal years shown.
Show table
| FY | Capex | Revenue | % of revenue |
|---|---|---|---|
| FY2014 | $7.09B | $155.93B | 4.5% |
| FY2015 | $6.81B | $135.72B | 5.0% |
| FY2016 | $8.38B | $149.18B | 5.6% |
| FY2017 | $8.45B | $145.59B | 5.8% |
| FY2018 | $8.76B | $147.05B | 6.0% |
| FY2019 | $7.59B | $137.24B | 5.5% |
| FY2020 | $5.30B | $122.48B | 4.3% |
| FY2021 | $7.51B | $127.00B | 5.9% |
| FY2022 | $9.24B | $156.74B | 5.9% |
| FY2023 | $10.97B | $171.84B | 6.4% |
| FY2024 | $10.83B | $187.44B | 5.8% |
| FY2025 | $9.30B | $185.02B | 5.0% |
Ultium / EV-transition capex milestones
- 2019-12-05Ultium Cells LLC announced — the GM / LG Energy Solution battery-cell joint venture (first plant in Lordstown, Ohio)
- 2020-03-04Ultium battery platform unveiled as the architecture for GM's EV portfolio
- 2021-04-16Second Ultium Cells plant announced in Spring Hill, Tennessee
- 2022-01-25Ultium Cells plant announced in Lansing, Michigan; GM raises EV capex commitments
- 2023-07-25GM begins re-pacing the EV ramp in response to slower-than-expected demand
- 2024-10-01GM continues recalibrating EV capacity and capital allocation; profitability targets pushed out
- 2025-12-31FY2025 includes a ~$7.9B EV strategic-realignment charge (impairments / capacity adjustments) reported as a special item
Major acquisitions
GM's most material post-re-IPO acquisitions. AmeriCredit (October 2010) created GM Financial; Cruise Automation (March 2016) became the robotaxi subsidiary wound down December 2024.
| Closed | Counterparty | Headline price | Category |
|---|---|---|---|
| 2010-10-01 | AmeriCredit Corp. All-cash acquisition (~$24.50/share) closing October 1, 2010; rebranded GM Financial, re-establishing GM's captive-finance arm after GMAC became Ally Financial during the bailout era. | $3.5B | captive-finance |
| 2016-03-11 | Cruise Automation Self-driving startup acquired in 2016 (announced March 11, 2016); reported total consideration around $1B including retention. Became GM's Cruise robotaxi subsidiary; GM stopped funding robotaxi development in December 2024 and folded the technical work into its ADAS / Super Cruise stack. | $1.0B | autonomy |
Major divestments
GM's most material post-re-IPO divestments. The 2017 Opel / Vauxhall sale to PSA is the load-bearing item; the December 2024 Cruise wind-down is listed for completeness (an absorption in-house, not a sale).
| Date | Counterparty | Headline price | Category |
|---|---|---|---|
| 2017-08-01 | Opel / Vauxhall (GM Europe) → PSA Groupe Sale of GM's European automotive business to PSA Groupe (now Stellantis); ~€2.2B total including the separate transfer of GM Financial's European operations. Ended decades of European losses and reset GM International. | €2.2B | automotive |
| 2024-12-10 | Cruise robotaxi business (wind-down, not a sale) Not a divestment for proceeds — GM stopped funding Cruise's robotaxi development and absorbed the residual technical work in-house. Listed here for completeness alongside the European sale. | Undisclosed | wind-down |
Capital returns: dividends + buybacks
GM runs a substantial capital-returns program — the structural opposite of Tesla's near-zero returns (see the Tesla financials page). The stacked bars below show cash dividends paid and share repurchases per fiscal year since the dividend resumed, both pulled live from SEC EDGAR XBRL. The standout is the November 2023 $10 billion accelerated share repurchase, which drove buyback spend to a record and cut the diluted share count sharply (see the share-count section). Across the post-2014 window GM has returned roughly $40.76B via buybacks and $22.87B in cash dividends.
Capital-returns milestones
- 2014-01-15: GM declared its first post-bankruptcy common-stock dividend in January 2014 ($0.30/quarter), after the US Treasury fully exited its GM equity stake in December 2013.
- 2020-04-27: GM suspended the common dividend in April 2020 amid the COVID-19 disruption; it was reinstated at $0.09/quarter in August 2022.
- 2023-11-29: On November 29, 2023 GM announced a new $10 billion share-repurchase authorization with an accelerated share-repurchase (ASR) agreement for $10 billion, alongside a ~33% dividend increase — the single largest capital-return action in GM's post-re-IPO history. Buyback spend hit $11.1B in FY2023 and the diluted share count fell sharply across FY2023-FY2025.
- 2026-01-27: Alongside the FY2025 results (January 27, 2026) GM's board approved a new $6.0 billion share-repurchase authorization and raised the quarterly dividend 20%.
Dividend per share declared
| FY2014 | $1.20 |
| FY2015 | $1.38 |
| FY2016 | $1.52 |
| FY2017 | $1.52 |
| FY2018 | $1.52 |
| FY2019 | $1.52 |
| FY2020 | $0.38 |
| FY2022 | $0.18 |
| FY2023 | $0.36 |
| FY2024 | $0.48 |
| FY2025 | $0.57 |
Year-end headcount
Total worldwide employees (hourly + salaried) as disclosed in each year's 10-K Human Capital Resources section. The 2022 peak, the 2023 UAW-strike-and-contract year, and the post-Cruise-wind-down reset into FY2025 are visible in the arc.
Show table
| FY | Headcount | Source / note |
|---|---|---|
| FY2019 | 164,000 | 10-K Human Capital ≈95,000 hourly + ≈69,000 salaried. |
| FY2020 | 155,000 | 10-K Human Capital ≈87,000 hourly + ≈68,000 salaried. |
| FY2021 | 157,000 | 10-K Human Capital ≈83,000 hourly + ≈74,000 salaried. |
| FY2022 | 167,000 | 10-K Human Capital ≈86,000 hourly + ≈81,000 salaried. |
| FY2023 | 163,000 | 10-K Human Capital ≈87,000 hourly + ≈76,000 salaried. |
| FY2024 | 162,000 | 10-K Human Capital ≈90,000 hourly + ≈72,000 salaried. |
| FY2025 | 156,000 | 10-K Human Capital ≈88,000 hourly + ≈68,000 salaried; reflects the post-Cruise-wind-down reset. |
Other metrics
Operating income, net income, operating cash flow, and year-end cash & equivalents — the standard 10-K-derived secondary metrics. The sharp FY2025 operating-income drop reflects ~$7.9B of EV strategic-realignment charges plus China restructuring and tariff costs, all reported as special items. Last ten fiscal years shown. All values pulled live from SEC EDGAR XBRL.
| Metric | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income | $8.69B | $8.66B | $4.45B | $5.48B | $6.63B | $9.32B | $10.31B | $9.30B | $12.78B | $2.91B |
| Net Income | $9.43B | -$3.86B | $8.01B | $6.73B | $6.43B | $10.02B | $9.93B | $10.13B | $6.01B | $2.70B |
| Operating Cash Flow | $16.61B | $17.33B | $15.26B | $15.02B | $16.67B | $15.19B | $16.04B | $20.93B | $20.13B | $26.87B |
| Cash & Equivalents | $12.57B | $15.51B | $20.84B | $19.07B | $19.99B | $20.07B | $19.15B | $18.85B | $19.87B | $20.95B |
Key events on the revenue timeline
The 1908 founding, the 2009 reorganization and 2010 re-IPO, the AmeriCredit / Cruise acquisitions, the 2017 European divestment, the Ultium EV transition, the dividend and buyback milestones, and the December 2024 Cruise wind-down that shape the revenue and cap-table arc above.
- 1908-09-16foundingGeneral Motors founded in Flint, Michigan by William C. Durant
- 2009-06-01disclosureGeneral Motors Corporation files Chapter 11; the modern General Motors Company emerges from the reorganization with US Treasury equity
- 2010-10-01acquisitionAmeriCredit acquisition closes (~$3.5B); rebranded GM Financial — GM's captive-finance arm
- 2010-11-18milestoneRe-IPO on the NYSE at $33.00/share — the new-GM equity history begins here
- 2013-12-09milestoneUS Treasury fully exits its GM equity stake (final TARP auto sell-down)
- 2014-01-15leadershipMary Barra becomes CEO; first post-bankruptcy common dividend declared in January 2014
- 2016-03-11acquisitionCruise Automation acquired (~$1B) — the robotaxi subsidiary
- 2017-08-01milestoneOpel / Vauxhall (GM Europe) sold to PSA Groupe (~€2.2B); GM International realigned
- 2019-12-05milestoneUltium Cells LLC announced — GM / LG Energy Solution battery JV
- 2020-03-04productUltium battery platform unveiled as GM's EV architecture
- 2020-04-27disclosureCommon dividend suspended amid COVID-19 (reinstated August 2022)
- 2021-09-01disclosureChip-shortage era constrains production through 2021-2022
- 2023-10-25disclosureUAW strike (Sept-Oct 2023) and contract ratification reshape labor costs
- 2023-10-26disclosureCalifornia DMV suspends Cruise driverless permits after the October 2023 pedestrian-dragging incident
- 2023-11-29milestone$10B accelerated share repurchase and ~33% dividend increase announced
- 2024-12-10disclosureGM stops funding Cruise robotaxi development; folds the unit into its ADAS / Super Cruise stack
- 2026-01-27disclosureFY2025 10-K filed; $6.0B buyback authorization and 20% dividend increase; ~$7.9B EV strategic-realignment charge
Methodology & data sources
Live data. Total net sales and revenue, operating income, net income, operating cash flow, capital expenditures (PP&E), year-end cash & equivalents, weighted-average diluted shares, share repurchases, cash dividends paid, and dividend-per-share declared are sourced live from GM's SEC EDGAR XBRL company-facts endpoint. The revenue tag is Revenues (the income-statement top line that includes GM Financial), not the ASC-606-only revenue-from-contracts subset, so it reconciles with the segment stack. If EDGAR is unreachable when the page is prepared, the page is not updated, so visitors never see stale fallback numbers.
Hand-curated, source-tagged. The four-segment revenue split, the Cruise EBIT-adjusted-loss trajectory and the December 2024 wind-down charges, the GM Financial captive-finance figures, the 2017 Opel/Vauxhall European divestment, the Ultium-platform capex annotations, the acquisitions / divestments rosters, the year-end headcount, the key-events timeline, and the Earnings Reaction History are not exposed in the EDGAR companyfacts JSON. Each value is hand-curated from the underlying 10-K, 10-Q, or 8-K and tagged with the filing's accession. When a newer 10-K is filed than the one a value was last verified against, a "Verification due" banner appears next to the affected section.
Fiscal-year convention. GM's fiscal year is the calendar year (ends December 31). Chart axis labels say "FY2025" for matched-set consistency with the other per-org financials pages; FY2025 covers the year ending December 31, 2025.
The 2009-reorganization cap-table discontinuity. The modern General Motors Company re-IPO'd on the NYSE in November 2010 after the 2009 Chapter 11 reorganization of the prior General Motors Corporation. The old-GM equity was wiped out; the new-GM share count and price history start at the re-IPO and sit on a different SEC filer than the pre-bankruptcy entity. The share-count chart therefore has a deliberately shorter history than the matched-set peers. See the leadership page for the reorganization governance saga.
Consolidated vs. automotive-only balance sheet. GM Financial is GM's captive-finance subsidiary; its debt is consolidated onto GM's balance sheet. GM Financial's total assets are roughly half of GM's consolidated total assets, almost entirely finance receivables and leased vehicles funded by GM Financial's own debt. This is why a casual reading of GM's consolidated debt looks far larger than its automotive-only debt — GM itself reports a dual consolidated-vs-automotive view in its filings.
Cruise wind-down. On December 10, 2024 GM stopped funding Cruise's robotaxi development and folded the technical work into its ADAS / Super Cruise stack. The Cruise section shows the segment's EBIT-adjusted-loss trajectory (GM's segment performance measure, which excludes the special charges) plus the separately-reported restructuring charges. See the leadership page for the Cruise governance narrative.
Earnings Reaction History. GM reports before market open, so the per-print stock reaction lands on the print day itself; the 1-day move is the print-day close versus the prior close. Stock-move triples are computed from the Yahoo Finance v8 chart endpoint; actual revenue and adjusted EPS come from each quarter's earnings 8-K; consensus values are the LSEG consensus in print-day coverage.
Refresh cadence. Hand-curated values are re-verified monthly, aligned with GM's filing cadence (10-K early February; 10-Qs late April / late July / late October; monthly US-sales 8-Ks a few days after each month-end; ad-hoc capital-returns and material-event 8-Ks throughout the year). The recurring refresh task is the maintenance lifeline; the verification banner is the in-band signal between refreshes.
What's intentionally not here. Editorial framing about Mary Barra personally. Detailed robotaxi / FSD safety claims. Pre-2010 financials (the page starts at the FY2010 re-IPO baseline; pre-2010 history is leadership-page content). Speculation about future EV-pacing, stock-split, dividend, or buyback action. Stock-price-level commentary — the TradingView chart shows the price; reaction to specific prints is surfaced only via the Earnings Reaction History stock-move triples.
Cross-references. General Motors Leadership for the founders, executive history, board, and the 2009-reorganization and Cruise governance narratives. Tesla Financials for the from-scratch auto-sector counterpoint. Tech Filings for GM's SEC filings in chronological order. GM's row on the Orgs index for the company profile.
Last updated: 2026-06-07 12:23 UTC. Latest 10-K on EDGAR: 0001467858-26-000013 filed 2026-01-27. Hand-curated source-tag anchor: 0001467858-26-000013.