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Media information

11 November 2025

Volkswagen Group Mobility maintains its growth path in third quarter of 2025

Operating Result after nine months at EUR 2.89 billion (+36.9 percent)

New contracts up 3.9 percent to 7.82 million units

Contract portfolio grows strongly to 27.42 million units (+4.6 percent)

Sharp worldwide rise in new contracts for fully electric vehicles (BEVs) from 221,400 to 412,100 units (+86.1 percent)

Volkswagen Financial Overseas AG: Improved penetration and increased volume of new contracts

Forecast for full year 2025 confirmed: "Operating Result significantly above previous year"

The business division Volkswagen Group Mobility is continuing on its growth trajectory, having recorded significant increases in its Operating Result, new contracts, and overall contract portfolio during the first nine months of 2025. Despite a global economic environment that remains challenging, the Operating Result for the first nine months of the financial year 2025 rose to EUR 2.89 billion. This represents a plus of 36.9 percent compared to the same period last year. The number of new contracts grew during this period to 7.82 million units – a rise of 3.9 percent. The contract portfolio climbed 4.6 percent to reach 27.42 million units. In addition to contract growth, improved margins are a key driver of the operating profit result. 

In the non-European business of Volkswagen Financial Services Overseas AG, the South American markets have continued their success story. There were positive developments, for example, in the new insurance business in Mexico and the penetration rate in Brazil. The earnings forecast for the Volkswagen Group Mobility division for the current financial year is confirmed, with the Operating Result expected to finish "significantly" above that of the financial year 2024. 

Dr. Christian Dahlheim

Dr. Christian Dahlheim,
CEO of Volkswagen Financial Services AG

"We have continued our growth trajectory in line with our MOBILITY2030 strategy in the third quarter of 2025 as well. Together with the Volkswagen Group brands, we are consistently developing our business model and continuing to see gains in our core business – both in the contract portfolio and in new contracts in Europe. Here, we were also able to raise our penetration rate by three percentage points to 56.5 percent. Particularly worth singling out are the leasing, insurance, and services segments, which remain dynamic growth areas."

Kai Vogler

Kai Vogler,
CFO of Volkswagen Financial Services Overseas AG

"We remain very satisfied with the business performance in the markets served by Volkswagen Financial Services Overseas during the first nine months of 2025. We are working closely with the brands and are implementing many strategic approaches together with our local national subsidiaries that have proven successful in Europe. Particularly positive is the improvement of our penetration rate, which we have already been able to increase by 3.5 percentage points compared to last year. Our new contract volume is also notably higher than the previous year and above budget – driven in particular in the markets of South America."

Development of current contracts and new contracts 2024 vs. 2025

Current contracts worldwide

(in thousands*)

30 September 2025

30 September 2024

Change in %

Financing

4,847

5,039

-3.8

Leasing

5.582

5,122

+8.9

Services

6,562

6,066

+8.2

Insurance

10,438

10,004

+4.3

Total

27,429

26,232

+4.6

New contracts worldwide

(in thousands*)

January to September 2025

January to September 2024

Change in %

Financing

1,306

1,291

+1.2

Leasing

1,729

1,623

+6.5

Services

1,788

1,700

+5.1

Insurance

2,998

2,913

+2.9

Total

7,821

7,528

+3.9

*rounded figures

About the Volkswagen Group Mobility business division

Volkswagen Group Mobility is a business division of the Volkswagen AG group of companies and comprises Volkswagen Financial Services AG along with its subsidiaries and affiliates (e.g. Volkswagen Bank GmbH and Volkswagen Leasing GmbH), Volkswagen Financial Services Overseas AG, Porsche Financial Services GmbH, Volkswagen Credit Inc. (USA) and Volkswagen Credit Canada Inc. The key business fields embrace dealer and customer financing, leasing, bank and insurance activities, fleet management, and mobility services. The companies of Volkswagen Group Mobility have a total of 18,045 employees worldwide – including 7,501 alone in Germany. Volkswagen Group Mobility reports total assets of around EUR 282 billion, an operating profit of EUR 3.0 billion, and a portfolio of around 26.7 million current contracts (as at 31.12.2024).

The Board of Management of Volkswagen Financial Services AG and Volkswagen Financial Overseas AG report on the Volkswagen Group Mobility business division for Volkswagen AG as part of the financial reporting. Further information can be found at www.vwfs.com.

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