Press Release

The Volkswagen Group Mobility business division of Volkswagen AG concluded the first six months of the 2026 financial year with a solid Operating Result of EUR 1.67 billion – a decrease of 7.6 percent compared to the first half of 2025. This decline was primarily attributable to higher risk costs associated with residual value risks. For the full 2026 financial year – despite the challenging macroeconomic environment and ongoing political uncertainty – the business division expects its Operating Result to be markedly above the level achieved during the 2025 financial year.

Growth continued in both the contract portfolio and new contract acquisitions: the contract portfolio increased by 3.1 percent to around 28 million contracts, while the number of new contracts rose by 1.2 percent to 5.2 million units. In addition, the number of fully electric vehicles from Volkswagen Group brands in the European contract portfolio surpassed one million for the first time.

The deposit business of Volkswagen Bank – a key component of the diversified refinancing strategy – also continued its dynamic growth, achieving an outstanding result with an increase of 25.6 percent since 30.06.2025 to reach EUR 79.9 billion. The total assets of Volkswagen Group Mobility grew by 7.6 percent to EUR 299.6 billion. Volkswagen Financial Services Overseas AG, which has been managing the non-European financial services business for the past two years, likewise reported positive developments across the markets under its responsibility.

Strong relevance of financial services products for the market uptake of e-mobility

Financial services are of great importance for establishing electric mobility. The dynamic market development has continued in the first six months of the current financial year, driven in no small part by attractive leasing and financing products offered by the companies of Volkswagen Group Mobility. In Europe, including the German market, the number of new contracts for new fully electric vehicles increased by 28 percent. Strong growth was also recorded in the European current contract portfolio: the rise from 663,000 to 1.01 million contracts represents an increase of 52.3 percent compared to the first half of 2025. This once again demonstrates the significant role Volkswagen Group Mobility and its products play within the Volkswagen Group's electrification strategy.

Cost discipline and process efficiency

The companies within Volkswagen Group Mobility have a long tradition of being cost-conscious – ranging from past initiatives like Operational Excellence to current measures such as the efficiency program FUTURE. To remain competitive in a tough market environment and ensure a stable cost structure, nearly all processes at the Volkswagen Group Mobility companies are being progressively digitalized and consistently enhanced with AI applications. By maintaining a disciplined overhead ratio, Volkswagen Group Mobility also makes an important contribution to the Volkswagen Group's overall cost-efficiency targets.

Deposits at Volkswagen Bank continue to grow

Customer deposits at the direct bank remain a cornerstone of the company's refinancing mix. Thanks to attractive call money and fixed-term deposit products, customer deposits increased to EUR 79.9 billion during the first six months of 2026. This represents an increase of 25.6 percent compared to the same reporting date last year. 

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 17,923 employees worldwide – including 7,417 alone in Germany. Volkswagen Group Mobility reports total assets of around EUR 287 billion, an operating profit of EUR 3.45 billion, and a portfolio of around 27.8 million current contracts (as at 31.12.2025).

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.