Volkswagen forecasts full-year reported operating margin of up to 1%
Volkswagen expects a 2026 reported operating margin of up to 1%, or around 4% excluding special effects. Nine-month operating profit was €0.1 billion after €8.7 billion in negative special effects and weak business in China.
1. 2026 margin outlook
Volkswagen expects a reported operating margin of up to 1% for 2026, or around 4% excluding special effects. Nine-month operating profit totaled €0.1 billion, reflecting €8.7 billion in negative special effects and weak business in China. Third-quarter special effects totaled €7.8 billion, including a €6.4 billion Porsche goodwill impairment.
