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Ferrari (RACE) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

Ferrari Revenue Highlights

Latest Revenue (Y)

$5.97B

Latest Revenue (Q)

$1.58B

Main Segment (Y)

Cars and Spare Parts

Main Geography (Y)

EMEA Excluding Italy

Ferrari Revenue by Period

Ferrari Revenue by Year

DateRevenueChange
2023-12-31$5.97B17.17%
2022-12-31$5.10B19.30%
2021-12-31$4.27B23.44%
2020-12-31$3.46B-8.15%
2019-12-31$3.77B10.12%
2018-12-31$3.42B0.10%
2017-12-31$3.42B10.04%
2016-12-31$3.11B8.78%
2015-12-31$2.85B3.33%
2014-12-31$2.76B18.29%
2013-12-31$2.34B4.95%
2012-12-31$2.23B-

Ferrari generated $5.97B in revenue during NA 2023, up 17.17% compared to the previous quarter, and up 174.55% compared to the same period a year ago.

Ferrari Revenue by Quarter

DateRevenueChange
2024-03-31$1.58B4.05%
2023-12-31$1.52B-1.36%
2023-09-30$1.54B4.77%
2023-06-30$1.47B3.13%
2023-03-31$1.43B4.46%
2022-12-31$1.37B9.45%
2022-09-30$1.25B-3.23%
2022-06-30$1.29B8.90%
2022-03-31$1.19B1.19%
2021-12-31$1.17B11.28%
2021-09-30$1.05B1.82%
2021-06-30$1.03B2.29%
2021-03-31$1.01B-5.38%
2020-12-31$1.07B20.37%
2020-09-30$887.97M55.56%
2020-06-30$570.81M-38.77%
2020-03-31$932.20M0.49%
2019-12-31$927.64M1.35%
2019-09-30$915.31M-6.94%
2019-06-30$983.60M4.63%
2019-03-31$940.06M11.19%
2018-12-31$845.49M0.87%
2018-09-30$838.18M-7.45%
2018-06-30$905.65M8.98%
2018-03-31$831.00M-1.06%
2017-12-31$839.93M0.48%
2017-09-30$835.91M-9.18%
2017-06-30$920.44M12.17%
2017-03-31$820.60M-1.79%
2016-12-31$835.53M6.64%
2016-09-30$783.49M-3.35%
2016-06-30$810.61M20.01%
2016-03-31$675.45M-9.27%
2015-12-31$744.49M2.95%
2015-09-30$723.15M-5.57%
2015-06-30$765.79M23.33%
2015-03-31$620.95M-17.35%
2014-12-31$751.27M13.40%
2014-09-30$662.52M-9.08%
2014-06-30$728.68M17.55%
2014-03-31$619.89M-

Ferrari generated $1.58B in revenue during Q1 2024, up 4.05% compared to the previous quarter, and up 115.84% compared to the same period a year ago.

Ferrari Revenue Breakdown

Ferrari Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 22Dec 21Dec 20Dec 19Dec 18
Maintenance and Power Warranty Program$79.59M----
Sponsorship, Commercial and Brand$478.50M$430.58M$390.00M$538.24M$505.70M
Other Revenues$119.93M$77.76M$83.96M$104.35M$94.83M
Engines$155.34M$189.43M$150.66M$198.31M$284.55M
Cars and Spare Parts$4.34B$3.57B$2.84B$2.93B$2.54B
Advances Received for Car Purchases$551.88M----

Ferrari's latest annual revenue breakdown by segment (product or service), as of Dec 22: Cars and Spare Parts (75.81%), Advances Received for Car Purchases (9.64%), Sponsorship, Commercial and Brand (8.36%), Engines (2.71%), Other Revenues (2.09%), and Maintenance and Power Warranty Program (1.39%).

Ferrari Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 22Dec 21Dec 20Dec 19Dec 18
APAC Excluding China$640.27M$560.16M$431.32M$405.47M$373.66M
UNITED STATES$1.20B$930.32M---
ITALY$379.90M$409.99M$360.50M$363.78M$449.31M
GERMANY$430.38M----
EMEA Excluding Italy$2.05B$1.87B$1.62B$1.64B$1.40B
CHINA$621.41M$332.97M$190.91M$350.33M$274.27M
Americas$1.41B$1.10B$856.55M$1.01B$922.64M

Ferrari's latest annual revenue breakdown by geography, as of Dec 22: EMEA Excluding Italy (30.42%), Americas (20.94%), UNITED STATES (17.83%), APAC Excluding China (9.52%), CHINA (9.24%), GERMANY (6.40%), and ITALY (5.65%).

Ferrari Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
TMToyota Motor$45.10T$11.07T
HMCHonda Motor$20.43T$5.43T
STLAStellantis$189.54B$91.18B
FFord Motor Company$176.19B$46.20B
GMGeneral Motors Company$171.84B$48.76B
XPEVXPeng$30.68B$6.55B
RACEFerrari$5.97B$1.58B
RIVNRivian Automotive$4.43B$874.00M
LCIDLucid Group$595.27M-

RACE Revenue FAQ

What is Ferrari’s yearly revenue?

Ferrari's yearly revenue for 2023 was $5.97B, representing an increase of 17.17% compared to 2022. The company's yearly revenue for 2022 was $5.1B, representing an increase of 19.30% compared to 2021. RACE's yearly revenue for 2021 was $4.27B, representing an increase of 23.44% compared to 2020.

What is Ferrari’s quarterly revenue?

Ferrari's quarterly revenue for Q1 2024 was $1.58B, a 4.05% increase from the previous quarter (Q4 2023), and a 10.89% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $1.52B, a -1.36% decrease from the previous quarter (Q3 2023), and a 11.33% increase year-over-year (Q4 2022). RACE's quarterly revenue for Q3 2023 was $1.54B, a 4.77% increase from the previous quarter (Q2 2023), and a 23.54% increase year-over-year (Q3 2022).

What is Ferrari’s revenue growth rate?

Ferrari's revenue growth rate for the last 3 years (2021-2023) was 39.78%, and for the last 5 years (2019-2023) was 58.50%.

What are Ferrari’s revenue streams?

Ferrari's revenue streams in c 22 are Maintenance and Power Warranty Program, Sponsorship, Commercial and Brand, Other Revenues, Engines, Cars and Spare Parts, and Advances Received for Car Purchases. Maintenance and Power Warranty Program generated $79.59M in revenue, accounting 1.39% of the company's total revenue Sponsorship, Commercial and Brand generated $478.5M in revenue, accounting 8.36% of the company's total revenue, up 11.13% year-over-year. Other Revenues generated $119.93M in revenue, accounting 2.09% of the company's total revenue, up 54.22% year-over-year. Engines generated $155.34M in revenue, accounting 2.71% of the company's total revenue, down -18.00% year-over-year. Cars and Spare Parts generated $4.34B in revenue, accounting 75.81% of the company's total revenue, up 21.50% year-over-year. Advances Received for Car Purchases generated $551.88M in revenue, accounting 9.64% of the company's total revenue

What is Ferrari’s main source of revenue?

For the fiscal year ending Dec 22, the largest source of revenue of Ferrari was Cars and Spare Parts. This segment made a revenue of $4.34B, representing 75.81% of the company's total revenue.