BMW Q1 2026 earnings fall 25% as China, tariffs weigh
Key takeaways
- The company said group revenue fell 8.1% to €31 billion, while net profit declined 23.1% to €1.67 billion.
- The results still cleared the bar set by analysts.
- The automotive segment posted EBIT of €1.35 billion, down 33.5% from a year earlier, with an EBIT margin of 5.0% — within the company s full-year guidance range of 4% to 6%.
BMW Q1 2026 earnings fall 25% as China, tariffs weigh Quartz · picture alliance / Getty Images Cris Tolomia Wed, May 6, 2026 at 7:17 PM GMT+7 3 min read BMW.DE First-quarter pretax earnings at BMW came in at €2.35 billion, roughly 25% below the year-ago figure, with pressure from a bruising pricing environment in China and the bite of U.S. tariffs both contributing to the decline. The company said group revenue fell 8.1% to €31 billion, while net profit declined 23.1% to €1.67 billion.
The results still cleared the bar set by analysts. Pretax earnings of €2.35 billion came in above an analyst consensus of €2.2 billion, according to Reuters. On the margin front, the automotive segment s EBIT rate came to 5.0% — a decline from 6.9% in the prior-year quarter, though still better than the 4.7% analysts had penciled in, according to Reuters. BMW stock rose about 5% following the results.
The combined weight of tariffs shaved 1.25 percentage points off the automotive segment s EBIT margin during the quarter, the company said, reflecting both existing U.S. import duties on vehicles and E.U. charges on Chinese-made electric vehicles that fell on the Mini brand. The automotive segment posted EBIT of €1.35 billion, down 33.5% from a year earlier, with an EBIT margin of 5.0% — within the company s full-year guidance range of 4% to 6%.