Bayerische Motoren Werke AG

BMW: XETR (DEU)

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BMW Earnings: Cost Discipline Mitigates Margin Headwinds While Cash Flow Recovers

Rella Suskin , Andrea Burigana

May 6, 2026

BMW reported a first-quarter automotive EBIT margin of 5%, within guidance and ahead of company-compiled consensus. Further cost-efficiency gains kept operating profitability in line with full-year 2025 levels despite tariffs and volume headwinds. Automotive free cash flow grew 88% year over year.

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BMW Earnings: Cost Discipline Mitigates Margin Headwinds While Cash Flow Recovers

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