Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Falling costs, not prices, more than tripled operating profit
Revenue grew 2.9% while costs fell, so the margin gain came from fading charges and warranty costs, not higher prices.
For investorsHow much of the margin gain can last?
For foundersThe captive-lender playbook behind GM's sales
Diluted shares fell to 887 million from 964 million, so each share's earnings outpaced the company's net income.
Equity income rose to $233M from $77M, but a gain on selling a stake carried it while the China ventures earned less.
GM North America brings in 82.8% of revenue, and the filing credits results to its high-margin full-size pickups and SUVs.
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Business Lens describes General Motors from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
