Volkswagen Group Mobility posts €3.45bn FY2025 operating result

The Volkswagen Group Mobility division of Volkswagen AG reported a strong operating result of €3.45 billion for the 2025 financial year, representing a 15 percent increase compared with the previous year and highlighting the continued expansion of the automaker’s financial services business.

The division also signalled confidence in its outlook, stating that the operating result for 2026 is expected to be significantly above the 2025 level, assuming stable macroeconomic and political conditions.

Growth during 2025 was driven by a rise in business volumes across key financial services categories. The global contract portfolio expanded by 4.3 percent to 27.8 million units, while the number of new contracts increased three percent to approximately 10.6 million units. At the same time, the division’s total assets rose 1.7 percent to around €287 billion, reflecting the expansion of financing, leasing and insurance activities within the Volkswagen ecosystem.

” Our business model has once again proven to be resilient and profitable. Despite the challenging economic and political circumstances, we were able to continue our successful course – particularly in the leasing and services business – and in some areas set new records.

He added that customer acceptance of Volkswagen’s financial products remains strong.

“The fact that our products continue to impress and find approval with our customers is reflected in our penetration rates, which we have further increased in almost all relevant markets. In Germany alone, almost 70 percent of all vehicles delivered by the Volkswagen Group are managed through our books, and for electric vehicles the figure is 82 percent. This confirms that we are strategically on the right track and, with a clear focus on our core business, are providing an important building block for the transformation of the Volkswagen Group.”

The division’s international operations also contributed significantly to performance. Volkswagen Financial Services Overseas AG reported positive developments in both volume and profitability.

“The positive developments are based on growth in the contract portfolio and in new contracts, which in some cases exceeded 20 percent. The South American markets, with their increased penetration rates, and the insurance business are particularly worth singling out. We are especially pleased that the important Chinese market is also on the upswing again, with the penetration rate rising there as well. In terms of earnings, we have improved by almost 15 percent with a result of €528 million.”

Electric mobility continues to be a major growth driver for the division. Volkswagen Group Mobility has supported the expansion of electric vehicles from the early stages of the market transition. During 2025, the number of new battery-electric vehicle contracts increased by 72.4 percent to 555,000 units worldwide, while the global BEV contract portfolio grew by almost 50 percent to 1.01 million units. In Germany, the penetration rate for BEVs reached 82 percent, underlining the growing role of financial services in supporting the adoption of electric mobility.

Volkswagen’s banking operations also saw strong growth. Deposits at Volkswagen Bank GmbH rose 17.3 percent to €64.5 billion, up from €55 billion at the end of 2024. The increase was driven by customer acquisition campaigns and loyalty programmes, with more than one million new deposit accounts opened for private and corporate customers in Germany. The deposit business remains a key pillar of the group’s diversified refinancing strategy, and further growth is expected in 2026.

Efficiency and cost discipline remained central to the division’s strategy throughout the year. As part of the FUTURE efficiency programme, Volkswagen Group Mobility continued digitising key processes, expanding digital application systems and developing AI-based solutions for pricing and used-vehicle offers. These measures helped strengthen margins and maintain competitiveness in a difficult global environment.

The used-car business also recorded solid growth, reflecting the increasing scale of the leasing portfolio. In 2025, 481,000 used vehicles were marketed across Europe, an increase of more than nine percent compared with the previous year. The insurance business likewise showed positive momentum and is expected to continue expanding, particularly in the European motor insurance market.

Despite business growth, the division’s workforce declined slightly as efficiency initiatives and digital transformation measures continued. The number of employees worldwide stood at 17,923, down 0.7 percent, while the workforce in Germany fell 1.1 percent to 7,417 employees.