Bmw: Group gross profit plunges 25% in Q1 to 2.3bn, tariffs are a burden

In the first quarter of 2026, BMW's pre-tax profit plummeted by 25 per cent and the core operating margin fell significantly, mainly due to the effect of tariffs imposed by the US and the difficult market situation in China. This was announced by the German automotive group when releasing the quarterly figures. In detail, BMW announced that pre-tax profits amounted to EUR 2.3 billion in the first quarter, while the group's turnover fell by 8.1% to EUR 31 billion. The ebit margin for the carmaker's core automotive business stood at 5% in the first three months of the year.