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Volkswagen Group’s revenue grew in the 2023 fiscal year. The carmaker’s 322.3 billion euros in revenue also secured VW a spot in the ranking of the wealthiest companies worldwide.

Key brand 

  The Volkswagen Passenger Cars division represented the largest contributor to the company’s revenue with a revenue share of about 26.8 percent in 2023. The flagship brand mainly has hatchbacks, convertibles, and sedans, as well as an array of minivans and sport utility vehicles (SUVs) in its product line-up.

Key market

  Asia-Pacific has emerged as one of Volkswagen Group's largest target market. Consumers in China and Hong Kong buy almost ten times as many Volkswagen-badged cars as car shoppers in the United States. Volkswagen and fellow German car brands had a 20.6 percent share of the Chinese market in 2021. Volkswagen AG (Aktiengesellschaft or joint-stock company) is listed on the Frankfurt stock exchange.

Volkswagen Group's sales revenue from FY 2006 to FY 2023 (in billion euros)

Characteristic	Sales revenue in billion euros
2023	322.28
2022	279.05
2021	250.2
2020	222.88
2019	252.63
2018	235.85
2017	229.55
2016	217.27
2015	213.29
2014	202.46
2013	197.01
2012	192.68
2011	159.34
2010	126.88
2009	105.19
2008	113.81
2007	108.9
2006	104.88

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Release date

March 2024

More information

Region

Worldwide

Survey time period

FY 2006 to FY 2023

Special properties

fiscal year ends December 31.

Supplementary notes

The figures for 2006 through 2018 were taken from previous financial statements.
One euro is approximately equal to 1.105 U.S. dollars (as of December 28, 2023).

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