TSLA Q3 2025 Earnings — Income Statement Breakdown
For its Q3 2025 period (ending 2025-09-30), TSLA reported revenue of $28.1B, gross profit of $5.1B (18.0% gross margin), operating income of $1.6B, and net income of $1.4B (4.9% net margin). The flow of revenue into costs and profit is visualized below.
What changed
TSLA was profitable; revenue grew 11.6% year over year, and EPS missed consensus by $0.04.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +11.6% | −36.8% | Not available |
| Quarter over quarter | +24.9% | +17.2% | Not available |
EPS was $0.37 versus $0.41 expected.
TSLA Q3 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $28.1B | 100% |
| Cost of Revenue | −$23.0B | 82.0% |
| Gross Profit | $5.1B | 18.0% |
| Research & Development | −$1.6B | 5.8% |
| Selling, General & Administrative | −$1.6B | 5.6% |
| Other Operating Expenses | −$238M | 0.8% |
| Operating Income | $1.6B | 5.8% |
| Other Income, net | $319M | 1.1% |
| Income Tax Expense | −$570M | 2.0% |
| Net Income | $1.4B | 4.9% |
Source: original SEC filing (filed 2025-10-02). Accession 0001628280-25-043530. Data normalized by EarningsFyi.