Volkswagen AG stock trades at EUR 71.26 as outlook drops

Published on 09/25/2026 at 13:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Volkswagen AG stock faces a 1 percent 2026 operating margin ceiling set on September 18, 2026. Sales revenue is guided to EUR 315 billion, with third-quarter results due October 29, 2026.

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Volkswagen AG stock (ISIN DE0007664039) was trading at EUR 71.26 on Xetra on September 25, 2026 at 12:58 p.m. CEST, up 0.62 percent. The market is weighing a sharply reduced 2026 earnings outlook after Volkswagen disclosed a Porsche impairment and additional restructuring costs.

Margin guidance drops to 1 percent

According to Volkswagen Group on September 18, 2026, the company now expects an operating return on sales of up to 1 percent for fiscal year 2026. That is below the previous guidance range of 4.0 to 5.5 percent and the 4.1 percent average analyst expectation reported by Reuters on September 18, 2026.

The guidance change is tied to special effects totaling EUR 10 billion in fiscal year 2026, including a EUR 6 billion non-cash impairment of goodwill allocated to the Porsche business. Volkswagen said EUR 0.9 billion of the special effects had already been reported in the first half of 2026, leaving the third quarter as the main earnings pressure point.

Revenue stays near EUR 315 billion

Volkswagen guides Group sales revenue to EUR 315 billion for fiscal year 2026, compared with EUR 321.9 billion in 2025. The same release keeps Automotive Division net cash flow guidance at EUR 3 billion to EUR 6 billion and net liquidity guidance at EUR 32 billion to EUR 34 billion.

The contrast is important for investors: the revenue outlook is broadly stable in nominal terms, while the operating return on sales ceiling falls from a prior minimum of 4.0 percent to a maximum of 1 percent. Volkswagen attributes the pressure to weaker conditions in China, an accelerated shift toward battery-electric vehicles and further restructuring expenses.

Third-quarter results set for October

The next dated checkpoint is the interim report for the period ending September 30, 2026. Volkswagen states that it will publish the report on October 29, 2026, when the Porsche-related impairment and other special items should be reflected in the quarterly figures.

Xetra quote gains 0.62 percent

Volkswagen AG stock was trading at EUR 71.26 on Xetra on September 25, 2026 at 12:58 p.m. CEST. The session range was EUR 70.16 to EUR 71.66, while the 52-week range stood at EUR 69.20 to EUR 109.15 and market capitalization was EUR 35,722,300,441.