Ferrari N.V. continues to accelerate its trajectory of excellence in the luxury sports car market, showcasing a robust financial performance in the third quarter of 2025. This article provides a comprehensive overview of Ferrari's latest earnings, analyzing key financial metrics, revenue performance, significant developments, and future stock forecast.
Ferrari NV Earnings
Ferrari N.V. reported a solid financial performance for the third quarter of 2025, reflecting its ongoing momentum in the luxury automotive sector. The company's net revenues reached €1,766 million, marking a 7.4% increase compared to the previous year. Notably, net profit rose to €382 million, translating to a diluted earnings per share (EPS) of €2.14. This impressive performance reflects Ferrari's strategic focus on maintaining brand exclusivity and a premium product mix.
Ferrari NV Results
Below is a summary of the key financial metrics for Ferrari N.V. in Q3 2025:
| Financial Metric | Q3 2025 (€ million) | Q3 2024 (€ million) | Yearly Change (%) |
|---|---|---|---|
| Net Revenues | 1,766 | 1,644 | 7.4% |
| Operating Profit (EBIT) | 503 | 467 | 7.6% |
| Net Profit | 382 | 375 | 1.8% |
| Diluted EPS (€) | 2.14 | 2.08 | 2.9% |
Ferrari's operating profit was €503 million, representing a 7.6% increase over the previous year, driven by an enriched product mix. This performance underscored an operating profit margin of 28.4%.
Revenue Breakdown
The table below outlines Ferrari's revenue performance across major segments:
| Revenue Stream | Q3 2025 (€ million) | Q3 2024 (€ million) | Change (%) |
|---|---|---|---|
| Cars and Spare Parts | 1,479 | 1,400 | 5.6% |
| Sponsorship, Commercial, and Brand | 211 | 174 | 21.0% |
Segment Analysis
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Cars and Spare Parts : This segment noted a 5.6% annual increase, fueled by enhanced product mix and increased personalization options, despite lower deliveries of the Daytona SP3.
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Sponsorship, Commercial, and Brand : Revenues in this segment rose by 21%, significantly driven by lifestyle activities and improved commercial revenues linked to a better ranking in Formula 1.
Ferrari's product strategy continues to balance traditional internal combustion engines with innovative hybrid models, catering to diverse consumer preferences. The shipment volume was largely stable, marking a strategic aim to preserve exclusivity amidst demand variations across regions.
Key Developments
Ferrari's Q3 2025 was marked by notable strategic advancements:
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Product Launches : Ferrari introduced the hybrid plug-in super sports cars, the 849 Testarossa, and the 849 Testarossa Spider, reinforcing its commitment to hybrid technology.
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Infrastructure and Partnerships : The company completed the e-Vortex, a new test circuit, enhancing manufacturing capabilities. Additionally, Ferrari renewed its multiyear partnership with CEVA Logistics for racing and logistical support.
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Electrification Milestones : Ferrari unveiled production-ready components for its first full-electric model, setting a new industry milestone and diversifying its powertrain options.
Comments from Company Officers
Benedetto Vigna, CEO of Ferrari, highlighted the strategic focus on brand trajectory and innovation: "We continue to advance with conviction and strong visibility on our development path. As a leader, we embrace the responsibility to demonstrate that our interpretation of electric technology will once again drive innovation." Vigna's statements underscore Ferrari's commitment to maintaining its luxury brand ethos while embracing electrification.
Dividends and Share Repurchases
Ferrari strategically managed its capital allocation with an ongoing share repurchase program, buying back €126 million worth of common shares in October 2025. This reflects Ferrari’s confidence in its financial health and commitment to enhancing shareholder value.
Ferrari NV Stock Forecast
Considering the company's solid financial performance, strategic developments, and competitive positioning in hybrid and electric vehicle segments, Ferrari's stock outlook appears promising.
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High Projection : €350 - Based on the potential success of hybrid and electric models, continued brand exclusivity, and favorable economic conditions.
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Low Projection : €280 - Potential challenges include industry competition, economic fluctuations, or disruptions in international markets.
Overall, Ferrari remains a distinguished powerhouse in the luxury auto industry, leveraging its heritage, innovative prowess, and robust operational strategies to navigate market challenges and capitalize on growth opportunities. As Ferrari drives forward on its ambitious electrification and hybrid plans, it stands poised for a promising future in high-performance luxury vehicles.
