Toyota Motor Corporation (TM) Income Statement

NYSE: TMRevenue, profits, margins and EPS over 10 years.

TM FY2026 at a glance

Fiscal year ended March 31, 2026 · Japanese yen
Revenue+5.5%
¥50.68T
FY2026 · hover or tap a bar for each year
FY2017: ¥27.60T (−2.8%)FY2018: ¥29.38T (+6.5%)FY2019: ¥30.23T (+2.9%)FY2020: ¥29.87T (−1.2%)FY2021: ¥27.21T (−8.9%)FY2022: ¥31.38T (+15.3%)FY2023: ¥37.15T (+18.4%)FY2024: ¥45.10T (+21.4%)FY2025: ¥48.04T (+6.5%)FY2026: ¥50.68T (+5.5%)
FY2017FY2026
Gross profit−11.6%
¥8.46T
FY2026 · hover or tap a bar for each year
FY2017: ¥4.86T (−16.1%)FY2018: ¥5.49T (+12.9%)FY2019: ¥5.44T (−0.8%)FY2020: ¥5.38T (−1.2%)FY2021: ¥4.83T (−10.2%)FY2022: ¥5.97T (+23.6%)FY2023: ¥6.31T (+5.7%)FY2024: ¥9.37T (+48.4%)FY2025: ¥9.58T (+2.2%)FY2026: ¥8.46T (−11.6%)
FY2017FY2026
Operating income−21.5%
¥3.77T
FY2026 · hover or tap a bar for each year
FY2017: ¥1.99T (−30.1%)FY2018: ¥2.40T (+20.3%)FY2019: ¥2.47T (+2.8%)FY2020: ¥2.40T (−2.8%)FY2021: ¥2.20T (−8.4%)FY2022: ¥3.00T (+36.3%)FY2023: ¥2.73T (−9.0%)FY2024: ¥5.35T (+96.4%)FY2025: ¥4.80T (−10.4%)FY2026: ¥3.77T (−21.5%)
FY2017FY2026
Net income−16.4%
¥3.99T
FY2026 · hover or tap a bar for each year
FY2017: ¥1.83T (−20.8%)FY2018: ¥2.49T (+36.2%)FY2019: ¥1.88T (−24.5%)FY2020: ¥2.04T (+8.1%)FY2021: ¥2.25T (+10.3%)FY2022: ¥2.85T (+26.9%)FY2023: ¥2.45T (−14.0%)FY2024: ¥4.94T (+101.7%)FY2025: ¥4.77T (−3.6%)FY2026: ¥3.99T (−16.4%)
FY2017FY2026
Net profit margin−2.1 pts
7.9%
FY2026 · hover or tap a point for each year
FY2017: 6.6% (−1.5 pts)FY2018: 8.5% (+1.9 pts)FY2019: 6.2% (−2.3 pts)FY2020: 6.8% (+0.6 pts)FY2021: 8.3% (+1.4 pts)FY2022: 9.1% (+0.8 pts)FY2023: 6.6% (−2.5 pts)FY2024: 11.0% (+4.4 pts)FY2025: 9.9% (−1.0 pts)FY2026: 7.9% (−2.1 pts)
FY2017FY2026

TM revenue and net income

RevenueNet incomeNet margin (right axis)

Where TM's revenue goes

FY2026
Revenue
¥50.68T100.0%
Cost of revenue
−¥42.22T−83.3%
Gross profit
¥8.46T16.7%
Research & development
−¥1.61T−3.2%
Sales, general & admin
−¥4.70T−9.3%
Other operating expenses
¥1.61T3.2%
Operating income
¥3.77T7.4%
Interest & other income
¥1.39T2.7%
Income taxes
−¥1.17T−2.3%
Net income
¥3.99T7.9%

Each bar shows an amount and its share of revenue. TM kept 7.9% of revenue as net income.

TM profit margins

GrossOperatingNet

TM growth rates

to FY2026
1 year3 years5 years10 years
Revenue+5.5%+10.9%+13.2%+6.0%
Gross profit−11.6%+10.3%+11.9%+3.9%
Operating income−21.5%+11.4%+11.4%+2.8%
Net income−16.4%+17.6%+12.2%+5.6%

1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.

TM income statement in Japanese yen

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue¥50.68T¥48.04T¥45.10T¥37.15T¥31.38T¥27.21T¥29.87T¥30.23T¥29.38T¥27.60T
Cost of revenue¥42.22T¥38.46T¥35.73T¥30.84T¥25.41T¥22.38T¥24.49T¥24.78T¥23.89T¥22.73T
Gross profit¥8.46T¥9.58T¥9.37T¥6.31T¥5.97T¥4.83T¥5.38T¥5.44T¥5.49T¥4.86T
Research & development¥1.61T—¥1.20T¥1.24T¥1.12T¥1.09T¥1.10T¥1.05T¥1.06T¥1.04T
Sales, general & admin¥4.70T¥4.78T¥4.02T¥3.59T¥2.98T¥2.63T¥2.96T¥2.98T¥3.09T¥2.87T
Total operating expenses¥4.70T¥4.78T¥4.02T¥3.59T¥2.98T¥2.63T¥2.98T¥2.98T¥3.09T¥2.87T
Operating income¥3.77T¥4.80T¥5.35T¥2.73T¥3.00T¥2.20T¥2.40T¥2.47T¥2.40T¥1.99T
Interest income¥594.24B¥364.63B¥454.69B¥1.02T¥101.51B¥435.23B¥97.03B¥131.24B¥174.62B¥163.23B
Interest expense¥60.29B¥84.11B¥64.73B¥47.36B¥32.46B¥49.53B¥46.85B¥28.08B¥27.59B¥29.35B
Income before taxes¥5.15T¥6.41T¥6.97T¥3.67T¥3.99T¥2.93T¥2.79T¥2.65T¥3.09T¥2.56T
Income taxes¥1.17T¥1.62T¥1.89T¥1.18T¥1.12T¥649.98B¥681.82B¥659.94B¥504.41B¥628.90B
Net income¥3.99T¥4.77T¥4.94T¥2.45T¥2.85T¥2.25T¥2.04T¥1.88T¥2.49T¥1.83T
EBITDA¥7.75T¥8.75T¥9.12T¥5.76T¥5.84T¥4.61T¥3.99T¥4.11T¥4.38T¥3.83T
Gross margin16.7%19.9%20.8%17.0%19.0%17.8%18.0%18.0%18.7%17.6%
Operating margin7.4%10.0%11.9%7.3%9.5%8.1%8.0%8.2%8.2%7.2%
Net margin7.9%9.9%11.0%6.6%9.1%8.3%6.8%6.2%8.5%6.6%

Quarterly columns are labeled by the month the quarter ended. Figures in Japanese yen as reported in TM's financial statements (latest annual report filed June 10, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.

TM financial results

In fiscal year 2026 (ended March 31, 2026), Toyota Motor reported revenue of ¥50.68 trillion, up 5.5% from the year before. It had net income of ¥3.99 trillion (down 16.4%), a net profit margin of 7.9%. Over five years revenue grew at an average rate of 13.2% a year. Figures are in Japanese yen, the currency of its financial statements.

See the TM stock overview for the latest quote and news, or the TM chart for price history and technical indicators.

TM income statement FAQ

What is Toyota Motor's annual revenue?

Toyota Motor reported total revenue of ¥50.68 trillion for fiscal year 2026, which ended on March 31, 2026. That was up 5.5% from ¥48.04 trillion the previous year.

Is Toyota Motor profitable?

Yes. Toyota Motor reported net income of ¥3.99 trillion in fiscal 2026, a net profit margin of 7.9%; its operating margin was 7.4%.

What is Toyota Motor's gross margin?

Toyota Motor's gross margin was 16.7% in fiscal 2026: for every $100 of revenue, Toyota Motor kept $17 after the direct cost of its products and services.

How much does Toyota Motor spend on research and development?

Toyota Motor spent ¥1.61 trillion on research and development in fiscal 2026, 3.2% of revenue.

How fast is Toyota Motor growing?

Revenue grew 13.2% a year on average over the last five fiscal years, from ¥27.21 trillion to ¥50.68 trillion.

When will Toyota Motor report its next earnings?

Toyota Motor is expected to report results for the quarter ending September 30, 2026 on November 4, 2026.

When does Toyota Motor's fiscal year end?

Toyota Motor's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on June 10, 2026.

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