TSLA · Q3 FY25 · Jul 1 – Sep 30, 2025
Tesla Q3 FY25: where the revenue came from and where it went
Tesla Q3 FY25: revenue $28.1B (+12% year over year). Net profit $1.4B. Largest cohort Automotive Sales $20.4B. The whole income statement as a sankey diagram from the SEC filing.
- Period
- Jul 1 – Sep 30, 2025
- Reported
- Oct 23, 2025
Tap the diagram to enlarge · figures in billions of dollars
Revenue$28.1B
+12% year over year
Gross profit$5.1B
18% margin
Operating profit$1.6B
6% margin
Net profit$1.4B
5% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 28.1 | 100% | +12% |
| Automotive Sales | 20.4 | 73% | +8% |
| Services and Other | 3.5 | 12% | +25% |
| Energy Generation and… Sales | 3.3 | 12% | +47% |
| Automotive Leasing | 0.4 | 1% | −4% |
| Automotive Regulatory Credits | 0.4 | 1% | −44% |
| Energy Generation and… Leasing | 0.1 | 0% | −9% |
| Cost of revenue | −23 | 82% | |
| Gross profit | 5.1 | 18% margin | −2pp |
| Research & development | −1.6 | 6% | +2pp |
| SG&A | −1.6 | 6% | +1pp |
| Other | −0.2 | 1% | +0pp |
| Operating profit | 1.6 | 6% margin | −5pp |
| Tax | −0.5 | ||
| Net profit | 1.4 | 5% | −4pp |
Older quarters
-
Q2 FY26 6/2026Revenue $28.2B Net margin 4%
-
Q1 FY26 3/2026Revenue $22.4B Net margin 2%
-
Q4 FY25 12/2025Revenue $24.9B Net margin 3%
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