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Ferrari (RACE) Revenue & Revenue Breakdown

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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 24Dec 22Dec 21Dec 20Dec 19
Other Revenues$279.20M$119.93M$77.76M$83.96M$104.35M
Cars and Spare Parts$5.73B$4.34B$3.57B$2.84B$2.93B
Sponsorship, Commercial and Brand$669.78M$478.50M$430.58M$390.00M$538.24M
Engines-$155.34M$189.43M$150.66M$198.31M
Advances Received for Car Purchases-$551.88M---
Maintenance and Power Warranty Program-$79.59M---

Ferrari's latest annual revenue breakdown by segment (product or service), as of Dec 24: Cars and Spare Parts (85.79%), Sponsorship, Commercial and Brand (10.03%), and Other Revenues (4.18%).

Ferrari Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 24Dec 22Dec 21Dec 20Dec 19
APAC Excluding China$800.29M$640.27M$560.16M$431.32M$405.47M
UNITED STATES$1.92B$1.20B$930.32M--
Mainland China, Hong Kong And Taiwan$539.50M----
ITALY$462.83M$379.90M$409.99M$360.50M$363.78M
GERMANY$549.09M$430.38M---
EMEA Excluding Italy$2.69B$2.05B$1.87B$1.62B$1.64B
CHINA$390.53M$621.41M$332.97M$190.91M$350.33M
Americas$2.18B$1.41B$1.10B$856.55M$1.01B

Ferrari's latest annual revenue breakdown by geography, as of Dec 24: EMEA Excluding Italy (28.21%), Americas (22.89%), UNITED STATES (20.15%), APAC Excluding China (8.39%), GERMANY (5.76%), Mainland China, Hong Kong And Taiwan (5.66%), ITALY (4.85%), and CHINA (4.09%).

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
GMGeneral Motors$187.44B$48.76B
FFord Motor$184.99B$46.20B
XPEVXPeng$30.68B$6.55B
RACEFerrari$5.97B$1.58B
RIVNRivian Automotive$4.97B$874.00M
LCIDLucid Group--

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 24 are Other Revenues, Cars and Spare Parts, and Sponsorship, Commercial and Brand. Other Revenues generated $279.2M in revenue, accounting 4.18% of the company's total revenue, up 132.80% year-over-year. Cars and Spare Parts generated $5.73B in revenue, accounting 85.79% of the company's total revenue, up 31.93% year-over-year. Sponsorship, Commercial and Brand generated $669.78M in revenue, accounting 10.03% of the company's total revenue, up 39.97% year-over-year.

What is Ferrari’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Ferrari was Cars and Spare Parts. This segment made a revenue of $5.73B, representing 85.79% of the company's total revenue.