BMW: turnover, profit and deliveries fall
The first half of 2026 ended with an 8 per cent fall in revenue, a 28.5 per cent drop in net profit and a 4.2 per cent decline in deliveries.
When Athens weeps, Sparta does not laugh. Following the Volkswagen Group’s complex financial results, the BMW Group is also facing a difficult situation. Its half-yearly results show a 28.5 per cent drop in profit, an 8 per cent fall in turnover and an overall decline in deliveries due to poor sales in China. However, Europe, the United States, the electric Mini and the Neue Klasse product family are showing contrasting trends, with the multi-energy strategy – highlighted by the recent launch of the new X5 – remaining the key tool for tailoring the product range to different markets.
BMW Group turnover 2026
The first-half results confirm a challenging period. Between January and June, revenue fell to €62.27 billion, down 8 per cent on the same period in 2025. Net profit fell by 28.5% to €2.87 billion, whilst pre-tax profit, referred to as EBT, fell by 29.4% to €4.05 billion. The EBT margin, which measures the ratio of profit before tax to turnover, fell from 8.5% to 6.5%. The deterioration was more pronounced in the second quarter. Revenue fell by 7.9% to 31.26 billion, and net profit stood at 1.2 billion, a decline of 34.9%. EBT fell by 35.1% to 1.70 billion. EBIT for the automotive division – that is, operating profit before interest and tax – fell by 60.7 per cent to 629 million. The EBIT margin fell from 5.4 per cent to 2.3 per cent. The results were weighed down by the slowdown in China, price pressures, currency effects, raw materials, depreciation and costs linked to tariffs. Free cash flow for the Automotive division – that is, the cash generated after necessary capital expenditure – fell by 45 per cent over the half-year to 1.29 billion and by 73.4 per cent in the second quarter to 513 million.
BMW Group deliveries in 2026
In the first six months, the BMW Group delivered 1,156,727 cars under the BMW, Mini and Rolls-Royce brands, compared with 1,207,594 units in 2025. The decline was 4.2 per cent, rising to 4.9 per cent in the second quarter with 590,947 deliveries. In Europe, sales rose by 5.4 per cent in the first half of the year and by 7.6 per cent between April and June. In the United States, growth stood at 3.9 per cent over the six-month period and 11.9 per cent in the second quarter. China had a decisive impact on the overall result. Deliveries fell by 20.4 per cent in the first half of the year to 261,773 units. In the second quarter, the decline reached 30.2 per cent, with 117,815 cars delivered. The drop in volumes in the main Asian market offset the growth recorded in Europe and the United States.
