Q1 25 EPS
$2.78
BEAT +4.33%
Est. $2.66
Q1 25 Revenue
$44.02B
BEAT +1.88%
Est. $43.21B
vs S&P Since Q1 25
+34.9%
BEATING MARKET
GM +64.9% vs S&P +30.0%
Market Reaction
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 $2.66 conse… Read more 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 $2.66 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 mounting tariff concerns 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%
GM YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
GM Revenue by Segment
With YoY comparisons, source: SEC Filings
GM Earnings Trends
GM vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
GM EPS Trend
Earnings per share: estimate vs actual
GM Revenue Trend
Quarterly revenue: estimate vs actual
GM Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $3.70 | — | $43.62B | +0.18% |
| Q4 25 BEAT FY | $2.24 | $2.51 | +12.05% | $45.29B | — |
| FY Full Year | $10.39 | $10.60 | +2.05% | $185.02B | -0.48% |
| Q3 25 BEAT | $2.32 | $2.80 | +20.54% | $48.59B | +7.20% |
| Q2 25 BEAT | $2.39 | $2.53 | +5.88% | $47.12B | +2.78% |
| Q1 25 BEAT | $2.66 | $2.78 | +4.33% | $44.02B | +1.88% |