Ferrari (RACE) Revenue & Revenue Breakdown
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
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $5.97B | 17.17% |
| 2022-12-31 | $5.10B | 19.30% |
| 2021-12-31 | $4.27B | 23.44% |
| 2020-12-31 | $3.46B | -8.15% |
| 2019-12-31 | $3.77B | 10.12% |
| 2018-12-31 | $3.42B | 0.10% |
| 2017-12-31 | $3.42B | 10.04% |
| 2016-12-31 | $3.11B | 8.78% |
| 2015-12-31 | $2.85B | 3.33% |
| 2014-12-31 | $2.76B | 18.29% |
| 2013-12-31 | $2.34B | 4.95% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $1.58B | 4.05% |
| 2023-12-31 | $1.52B | -1.36% |
| 2023-09-30 | $1.54B | 4.77% |
| 2023-06-30 | $1.47B | 3.13% |
| 2023-03-31 | $1.43B | 4.46% |
| 2022-12-31 | $1.37B | 9.45% |
| 2022-09-30 | $1.25B | -3.23% |
| 2022-06-30 | $1.29B | 8.90% |
| 2022-03-31 | $1.19B | 1.19% |
| 2021-12-31 | $1.17B | 11.28% |
| 2021-09-30 | $1.05B | 1.82% |
| 2021-06-30 | $1.03B | 2.29% |
| 2021-03-31 | $1.01B | -5.38% |
| 2020-12-31 | $1.07B | 20.37% |
| 2020-09-30 | $887.97M | 55.56% |
| 2020-06-30 | $570.81M | -38.77% |
| 2020-03-31 | $932.20M | 0.49% |
| 2019-12-31 | $927.64M | 1.35% |
| 2019-09-30 | $915.31M | -6.94% |
| 2019-06-30 | $983.60M | 4.63% |
| 2019-03-31 | $940.06M | 11.19% |
| 2018-12-31 | $845.49M | 0.87% |
| 2018-09-30 | $838.18M | -7.45% |
| 2018-06-30 | $905.65M | 8.98% |
| 2018-03-31 | $831.00M | -1.06% |
| 2017-12-31 | $839.93M | 0.48% |
| 2017-09-30 | $835.91M | -9.18% |
| 2017-06-30 | $920.44M | 12.17% |
| 2017-03-31 | $820.60M | -1.79% |
| 2016-12-31 | $835.53M | 6.64% |
| 2016-09-30 | $783.49M | -3.35% |
| 2016-06-30 | $810.61M | 20.01% |
| 2016-03-31 | $675.45M | -9.27% |
| 2015-12-31 | $744.49M | 2.95% |
| 2015-09-30 | $723.15M | -5.57% |
| 2015-06-30 | $765.79M | 23.33% |
| 2015-03-31 | $620.95M | -17.35% |
| 2014-12-31 | $751.27M | 13.40% |
| 2014-09-30 | $662.52M | -9.08% |
| 2014-06-30 | $728.68M | 17.55% |
| 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/Service | Dec 22 | Dec 21 | Dec 20 | Dec 19 | Dec 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
| Country | Dec 22 | Dec 21 | Dec 20 | Dec 19 | Dec 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
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| TM | Toyota Motor | $45.10T | $11.07T |
| HMC | Honda Motor | $20.43T | $5.43T |
| STLA | Stellantis | $189.54B | $91.18B |
| F | Ford Motor Company | $176.19B | $47.81B |
| GM | General Motors Company | $171.84B | $47.97B |
| XPEV | XPeng | $30.68B | $6.55B |
| RACE | Ferrari | $5.97B | $1.58B |
| RIVN | Rivian Automotive | $4.43B | $1.20B |
| LCID | Lucid 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.