BMW earnings slump by a quarter at start of year

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May 6, 2026 1:35 AM EDT

BMW cars are seen at the automobile terminal in the port of Dalian, Liaoning province, China January 9, 2019. REUTERS/Stringer

BERLIN, May ‌6 (Reuters) - ​BMW's ​pre-tax earnings slumped by 25% in the ‌first quarter of the year ⁠and its core operating ‌margin narrowed, but the ‌German premium carmaker still beat estimates as it ​faces tariff costs and a difficult market ⁠in China.

BMW said on Wednesday its pre-tax ​earnings came in at 2.3 billion euros ($2.70 billion) ​in the first ‌quarter, compared with analysts' forecast of 2.2 ⁠billion euros in a company-provided consensus. Group revenue fell ⁠by 8.1% to 31.0 billion ​euros.

The EBIT margin in the carmaker's core automotive business stood at ‌5.0% in the first three months of ‌the year, beating ⁠analysts' forecast of ‌4.7%.

($1 = 0.8522 ​euros)

(Reporting by Rachel More, Editing by Linda ‌Pasquini)


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