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Mercedes-Benz Group Ag (DE:MBG)
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Mercedes-Benz Group
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Mercedes-Benz Group (MBG) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Apr 29, 2026
Before Open (Confirmed)
Period Ending
2026 (Q1)
Consensus EPS Forecast
1.39
Last Year’s EPS
1.74
Same Quarter Last Year
Analyst Consensus
Moderate Buy
Based on 14 Analysts Ratings

Earnings Call Summary

Q4 2025
Earnings Call Date:Feb 12, 2026|
% Change Since:
|
Earnings Call Sentiment|Neutral
The call mixed clear strategic initiatives and concrete numerical bridges (efficiency program, product rollouts, cash return framework, U.S. growth ambition) with significant near-term headwinds (China volume weakness, tariff/FX impact, BEV pricing pressure and EV margin dilution). Management emphasized a measured, efficiency-driven path to midterm margin targets and described 2026 as a transition/ramp year with stronger momentum expected in 2027. Given the balance of ambitious plans and visible execution risks in the near term, the tone was constructive but cautious.
Company Guidance
The company reiterated midterm guidance aiming roughly 7% revenue growth and a passenger‑car EBIT margin (cars return on sales) of 3–5% for 2026, with a midpoint foundation adjusted by a −1 percentage‑point headwind from FX and incremental tariffs (tariff impact rising from ~110bp in 2025 to ~150bp in 2026, potentially ~200bp midterm) offset by +1.5ppt from volume/price/mix/BEV and +4ppt from efficiency programs; EV ramp‑up is expected to dilute early margins (H2 2026 ramp, stronger contribution in 2027), underlying industrial free cash flow is targeted at >€4bn, potential M&A/divestment proceeds were illustrated at ~€2bn (with scope to be higher), shareholder returns of ~€6bn were signaled (≈€5.1bn dividend + €1.7bn remaining buyback), U.S. volume is targeted to grow from ~300k (2025) to ~400k midterm, China joint‑venture delivered double‑digit margin in 2025 but is guided to be down in 2026 with recovery in 2027, tariff effects cost roughly €1bn in 2025, and production capacity moves (e.g., Kecskemét potential ~200k→400k units) and product timing (S‑Class and AMG rollouts peaking in 2027) are key drivers of the outlook.
Revenue Growth Target
Company set a midterm revenue growth target of ~7% (management referenced this target during Q&A).
Cars Return on Sales Guidance (2026)
Financial guidance for passenger car return on sales of 3%–5% for 2026, with management framing the midpoint as the planning reference.
Margin Bridge and Efficiency Ambition
Management provided a margin bridge: ~-1.0 percentage point from FX & tariffs, ~+1.5 percentage points from volume/price/mix/BEV effects, and ~+4.0 percentage points from efficiency measures — signaling strong focus on cost/efficiency to drive margins.
Cash Generation and Shareholder Return Framework
Underlying industrial cash flow targeted at >€4 billion; announced shareholder return framework includes ~€6.0 billion (≈€5.1bn dividend + ≈€1.7bn remaining buyback). Management indicated potential M&A disposal proceeds of ~€2 billion (not a hard cap) and assets held for sale to be disclosed with financial statements.
U.S. Growth Ambition
Target to grow U.S. sales from ~300,000 units in 2025 to ~400,000 units midterm (≈+33% versus 2025), driven by product, localization and partnerships.
Product and Portfolio Rollout (EVs and Flagships)
Major product news: electric GLC planned (mid-year rollout), new S‑Class production starting imminently with full commercial momentum in 2027, and AMG product offensive including an electric/AMG GT world premiere in May and broader electrified performance line-up thereafter.
Localisation and Industrial Investments
Localization steps: GLE to be local in China; Kecskemét plant capacity potential increased (200k → 400k units capacity potential), and significant investments in German sites (management stated >50% of recent capex spend in Germany) to support new architectures (MMA) and MMA industrialization.
Customer & Tech Strategy in China
Management emphasized closing perceived technology gaps in China via a native 'tech stack' rollout (ADAS/infotainment) with partners (Momenta, Microsoft/Google/NVIDIA etc.), aiming to regain customers by improving intelligence, comfort and space in upcoming models.

Mercedes-Benz Group (DE:MBG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
Daily Earnings Calendar >

DE:MBG Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Apr 29, 2026
2026 (Q1)
1.39 / -
1.74―――
Feb 12, 2026
2025 (Q4)
1.26 / 1.43
2.57-44.36% (-1.14)―
Oct 29, 2025
2025 (Q3)
1.32 / 1.22
1.81-32.60% (-0.59)
Jul 30, 2025
2025 (Q2)
1.47 / 0.95
2.95-67.80% (-2.00)
Apr 30, 2025
2025 (Q1)
2.15 / 1.74
2.86-39.16% (-1.12)
Feb 20, 2025
2024 (Q4)
2.48 / 2.57
2.99-14.05% (-0.42)
Oct 25, 2024
2024 (Q3)
1.87 / 1.81
3.44-47.38% (-1.63)―
Jul 26, 2024
2024 (Q2)
2.83 / 2.95
3.34-11.68% (-0.39)
Apr 30, 2024
2024 (Q1)
2.63 / 2.86
3.69-22.49% (-0.83)―
Feb 22, 2024
2023 (Q4)
2.65 / 2.99
3.72-19.62% (-0.73)―
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

DE:MBG Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 12, 2026
€54.15€53.36-1.45%
Oct 29, 2025
€51.06€53.30+4.37%
Jul 30, 2025
€49.72€48.02-3.42%
Apr 30, 2025
€46.39€45.12-2.73%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Mercedes-Benz Group Ag (DE:MBG) report earnings?
Mercedes-Benz Group Ag (DE:MBG) is schdueled to report earning on Apr 29, 2026, Before Open (Confirmed).
    What is Mercedes-Benz Group Ag (DE:MBG) earnings time?
    Mercedes-Benz Group Ag (DE:MBG) earnings time is at Apr 29, 2026, Before Open (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
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          What is the P/E ratio of Mercedes-Benz Group Ag stock?
          The P/E ratio of Mercedes-Benz Group is N/A.
            What is DE:MBG EPS forecast?
            DE:MBG EPS forecast for the fiscal quarter 2026 (Q1) is 1.39.