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Ferrari N.V.

RACE
Exchange
NYSE
Industry
Motor Vehicles & Passenger Car Bodies
SEC CIK
0001648416

No open-market purchases or sales by Ferrari N.V. insiders were filed in the last 90 days; 721 institutions reported holding it in 13F filings for Q2 2026, worth $22.6B in total; superinvestors Viking Global Investors and Aquamarine hold it.

Currency
EUR
Source
SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
Updated
Oct 8, 2026, 1:50 PM ET

Amounts are in EUR, the currency Ferrari N.V. reports in. Lines marked ≈ US$ convert key figures to US dollars.

Revenue flow, FY2025

Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.

Income statement

Each column is one fiscal year, newest first.

Income statement of Ferrari N.V., annual
Line itemFY2025FY2024FY2023FY2022FY2021
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021
Filing20-F20-F20-F20-F20-F
Reported–––––
RevenueEUR 7.15B≈ US$8.08BEUR 6.68B≈ US$7.22BEUR 5.97B≈ US$6.46BEUR 5.10B≈ US$5.37BEUR 4.27B≈ US$5.05B
Cost of revenueEUR 3.45BEUR 3.33BEUR 3.00BEUR 2.65BEUR 2.08B
Research and developmentEUR 918.9MEUR 894.1MEUR 881.6MEUR 775.6MEUR 768.1M
Selling, general and administrativeEUR 642.5MEUR 561.1MEUR 462.6MEUR 428.0MEUR 348.0M
Operating incomeEUR 2.11BEUR 1.89BEUR 1.62BEUR 1.23BEUR 1.08B
Interest expenseEUR 214.2MEUR 145.9MEUR 147.3MEUR 52.6MEUR 43.2M
Income taxEUR 464.1MEUR 363.0MEUR 344.9MEUR 238.5MEUR 209.1M
Net incomeEUR 1.60B≈ US$1.81BEUR 1.53B≈ US$1.65BEUR 1.26B≈ US$1.36BEUR 939.3M≈ US$989.5MEUR 833.1M≈ US$985.6M
EPS, basicEUR 8.97EUR 8.47EUR 6.91EUR 5.11EUR 4.50
EPS, dilutedEUR 8.96EUR 8.46EUR 6.90EUR 5.09EUR 4.50
Weighted shares, basic178.1M179.7M181.2M182.8M184.4M
Weighted shares, diluted178.3M180.0M181.5M183.1M184.7M
Margins and growth
Operating margin29.5%28.3%27.1%24.1%25.2%
Net margin22.4%22.9%21.1%18.4%19.5%
Revenue growth, year over year+7.0%+11.8%+17.2%+19.3%+23.4%
Net income growth, year over year+4.8%+21.3%+33.9%+12.7%+36.8%

Balance sheet

Each column is one fiscal year, newest first.

Balance sheet of Ferrari N.V., annual
Line itemFY2025FY2024FY2023FY2022FY2021
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021
Filing20-F20-F20-F20-F20-F
Reported–––––
Cash and equivalentsEUR 1.47BEUR 1.74BEUR 1.12BEUR 1.39BEUR 1.34B
InventoryEUR 1.11BEUR 1.09BEUR 948.5MEUR 674.7MEUR 540.6M
Total current assetsEUR 4.82BEUR 5.02BEUR 3.99BEUR 3.95BEUR 3.36B
Property, plant and equipmentEUR 2.06BEUR 1.83BEUR 1.58BEUR 1.46BEUR 1.35B
GoodwillEUR 785.2MEUR 785.2MEUR 785.2MEUR 785.2MEUR 785.2M
Intangible assetsEUR 1.64BEUR 1.55BEUR 1.42BEUR 1.31BEUR 1.14B
Total assetsEUR 9.63B≈ US$11.3BEUR 9.50B≈ US$9.83BEUR 8.05B≈ US$8.91BEUR 7.77B≈ US$8.31BEUR 6.86B≈ US$7.77B
Shareholders' equityEUR 3.91BEUR 3.54BEUR 3.07BEUR 2.60BEUR 2.21B

Cash flow statement

Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.

Cash flow statement of Ferrari N.V., annual
Line itemFY2025FY2024FY2023FY2022FY2021
Period endDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021
Filing20-F20-F20-F20-F20-F
Reported–––––
Operating cash flowEUR 2.35B≈ US$2.66BEUR 1.93B≈ US$2.08BEUR 1.72B≈ US$1.86BEUR 1.40B≈ US$1.48BEUR 1.28B≈ US$1.52B
Capital expendituresEUR 485.2MEUR 482.3MEUR 381.8MEUR 347.7MEUR 352.3M
Free cash flowEUR 1.86B≈ US$2.11BEUR 1.44B≈ US$1.56BEUR 1.33B≈ US$1.44BEUR 1.06B≈ US$1.11BEUR 930.4M≈ US$1.10B
Share buybacksEUR 785.3MEUR 581.1MEUR 460.6MEUR 396.5MEUR 230.9M
Investing cash flowEUR -944.1MEUR -987.1MEUR -866.5MEUR -805.4MEUR -732.7M
Financing cash flowEUR -1.67BEUR -324.8MEUR -1.11BEUR -553.6MEUR -579.7M
Net change in cashEUR -274.5MEUR 620.2MEUR -266.9MEUR 44.8MEUR -18.3M

Shares outstanding

Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.

Shares outstanding for Ferrari N.V. by cover date
Cover dateShares outstandingChange in a yearFiling
Dec 31, 2020184.7M−0.3%SEC
Dec 31, 2019185.3M−1.4%SEC
Dec 31, 2018187.9M−0.5%SEC
Dec 31, 2017189.0M–SEC

Notes and known gaps

How these numbers are put together, and what they can't tell you.

  • Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
  • Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
  • ≈ US$ figures convert EUR at FRED H.10 exchange rates (Federal Reserve): the average rate over the period for income and cash flow, and the rate on the period-end date, or the last business day before it, for the balance sheet.

Known gaps

  • Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
  • EPS and share counts are as reported at the time, not adjusted for later stock splits.
  • For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
  • For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
  • Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
  • Depreciation and amortization is missing for some companies that report it under their own XBRL tags.