Half-Yearly Financial Report & Results 2026 | Volkswagen Group
Skip to content
Half-Yearly Financial Report
& Results 2026
On July 24, 2026 the Volkswagen Group published the results for the first half of 2026.
“The realignment of Volkswagen Group over the past three years is delivering results. Throughout the group. For the full year, we expect a robust performance above the prior year in a challenging environment – even though our operating result in the first half was around 12 percent below the prior year. Globally, we delivered more cars than in the previous year – excluding the Chinese market, which slumped by 20 percent. Our order book also reflects a positive trend: more than 70,000 orders for our new Electric Urban Car Family around the ID. Polo in just a few weeks – and orders for all-electric vehicles in Europe increased by more than 50 percent in the second quarter. Our products are achieving top scores in comparative tests, awards, and quality studies. Applying disciplined cost managed, we have managed to offset continued unavoidable headwinds in the double-digit billions. At the same time, the environment for the automotive industry remains extremely challenging: geopolitical crises, trade conflicts, high regulatory requirements, volatile markets and intensified competition. In an unprecedented risk scenario, Volkswagen Group enters the next phase of its transformation – from a position of strength and with a clear understanding of the opportunities ahead. With the most comprehensive and far-reaching program in the company’s history – for products, technologies, competitiveness, structures and growth areas. With our future plan, we will become even more innovative, faster, more attractive and robust – and sustainably ensure the Volkswagen Group’s success.”
CEO Volkswagen Group
Volkswagen Group stays on track in challenging environment and expects improved margin in the second half of the year
- 158.1 billion EUR in sales revenue in H1 2026, at prior-year level (H1 2025: 158.4 billion EUR)
- 5.9 billion EUR Operating Result in H1 2026, 11.6% below H1 2025 (6.7 billion EUR); operating return on sales of 3.8%
- 6.9 billion EUR Operating Result before special items in H1 2026
- 3.2 billion EUR Net Cash Flow in the Automotive Division in H1 2026 (H1 2025: -1.4 billion EUR)
- 4.0 million vehicle sales in H1 2026, 8.4% below H1 2025 (4.4 million vehicles)
- Order bank in Europe up by around 12% compared with year-end 2025
Webcast and conference call for investors, analysts and media
Start: 9:00 a.m. (CEST)
With: Oliver Blume, CEO and Arno Antlitz, CFO and COO
Followed by: Q & A session for investors and analysts
Then: Q & A session for media
Documents
Previous Reporting Periods
Access reporting releases from the previous 12 months.
The specified fuel consumption and emission data does not refer to a single vehicle and is not part of the offer but is only intended for comparison between different types of vehicles. Additional equipment and accessories (additional components, tyre formats, etc.) can alter relevant vehicle parameters such as weight, rolling resistance and aerodynamics, affecting the vehicle’s fuel consumption, power consumption, CO₂ emissions and driving performance values in addition to weather and traffic conditions and individual driving behavior.
Further information on official fuel consumption data and official specific CO₂ emissions for new passenger cars can be found in the “Guide to fuel economy, CO₂ emissions and power consumption for new passenger car models”, which is available free of charge from all sales dealerships and from DAT Deutsche Automobil Treuhand GmbH, Hellmuth-Hirth-Str. 1, D-73760 Ostfildern, Germany and at www.dat.de/co2.
