Volkswagen AG

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Volkswagen Earnings: Despite Many Headwinds Free Cash Flow Remains Positive

Rella Suskin

Oct 29, 2026

Volkswagen reported a 2% year-to-date revenue decline, an 11% volume decline, or a 1% decline excluding China. Several one-offs weigh on the reported operating margin of 0% versus the underlying margin of 4%. Free cash flow was EUR 4.4 billion, boosted by net asset sales of EUR 600 million.

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Volkswagen AG

Volkswagen Earnings: Despite Many Headwinds Free Cash Flow Remains Positive

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