Quick answer: latest quarter results, by ticker or company name

Reported Q: Q3 2024 Rev YoY: +23.4% EPS YoY: +88.4% Move: +2.96%

Toyota Motor Corporation

$244.22 2.96%

Exchange NYSE Sector Consumer Cyclical Industry Auto Manufacturers

Q3 2024

Published: Dec 31, 2023

Company Status Snapshot

Fast view of the latest quarter outcome for TM

Reported

Report Date

Dec 31, 2023

Quarter Q3 2024

Revenue

12,041.10B

YoY: +23.4%

EPS

100.62

YoY: +88.4%

Market Move

+2.96%

Previous quarter: N/A

Follow this company to get upcoming quarter alerts automatically.

Earnings Highlights

Revenue of $12,041.10B up 23.4% year-over-year
EPS of $100.62 increased by 88.4% from previous year
Gross margin of 22.3%
Net income of 1,357.81B
""Our commitment to electrification will not only meet regulatory requirements but also enhance our competitiveness in the affluent automotive market, adapting swiftly to consumer preferences."" - Akio Toyoda, CEO

Toyota Motor Corporation

Period Q3 2024

Currency JPY

Report Type Quarterly Earnings

Generated Feb 9, 2026

Executive Summary

In Q3 2024, Toyota Motor Corporation delivered impressive financial results, showcasing a robust recovery trajectory post-pandemic. The company reported revenue of JPY 12.04 trillion, marking a substantial 23.44% increase year-over-year and a 5.30% increase sequentially. Profitability metrics are equally encouraging, with net income rising to JPY 1.36 trillion, an 86.53% year-over-year increase, demonstrating the company's operational resilience and efficient cost management strategies.

Management emphasized a strong focus on electric vehicle (EV) expansion and sustainability initiatives, which are expected to bolster long-term growth. With the automotive industry rapidly shifting towards electrification, Toyota's advanced technological capabilities and brand reputation position it well for future challenges and opportunities in the evolving marketplace.

Key Performance Indicators

Revenue

Increasing

12,041.10B

QoQ: 5.30% | YoY: 23.44%

Gross Profit

Increasing

2,685.29B

22.30% margin

QoQ: 13.31% | YoY: 38.90%

Operating Income

Increasing

1,680.94B

QoQ: 16.86% | YoY: 75.71%

Net Income

Increasing

1,357.81B

QoQ: 6.24% | YoY: 86.53%

EPS

Increasing

100.62

QoQ: 6.46% | YoY: 88.43%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue Performance:
- Q3 2024 revenue: JPY 12.04 trillion (YoY: +23.44%, QoQ: +5.30%)
- Net Income: JPY 1.36 trillion (YoY: +86.53%, QoQ: +6.24%)
- EPS: JPY 100.62 (YoY: +88.43%, QoQ: +6.46%)
- Operating Income was significantly improved, reaching JPY 1.68 trillion with a margin of 13.96%.

Cost Management:
- Cost of revenue increased to JPY 9.36 trillion, but gross profit margin improved to 22.30% alongside stringent operating expense controls.

Cash Flow and Financial Position:
- Operating cash flow stood at JPY 508 billion, reflecting healthy cash generation despite capital expenditures of JPY 1.23 trillion. Free cash flow was negative at JPY -722 billion, primarily due to heavy investment in property and equipment, aligning with the company’s strategic growth initiatives.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	12,041.10B	23.44%	5.30%
Gross Profit	2,685.29B	38.90%	13.31%
Operating Income	1,680.94B	75.71%	16.86%
Net Income	1,357.81B	86.53%	6.24%
EPS	100.62	88.43%	6.46%

Key Financial Ratios

Gross Profit Margin

Fair

22.30%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Fair

14.00%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Good

11.30%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Weak

1.61%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

4.17%

Return on equity suggests inefficient capital allocation

Current Ratio

Adequate

1.18

Current ratio meets minimum requirements but limited cushion

Debt to Equity

High Risk

1.04

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Value

6.44x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Fair Value

1.07x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q3 2025	12,391,095.00	167.26	+2.9%	View
Q2 2025	11,444,571.00	42.94	+0.1%	View
Q1 2025	11,837,879.00	98.99	+12.2%	View
Q4 2024	11,072,605.00	74.02	+14.3%	View
Q3 2024	12,041,103.00	100.62	+23.4%	View

TM

Toyota Motor Corporation

Q3 2025 Report

Toyota Motor Corporation (TM) Q3 2025 Results: A Resilient Performance Amidst Market Challenges...

Read full report

TM

Toyota Motor Corporation

Q2 2025 Report

Toyota Motor Corporation (TM) Q2 2025 Financial Results: Navigating Challenges with Strategic Investments and Focus on Electrification...

Read full report

TM

Toyota Motor Corporation

Q1 2025 Report

Toyota Motor Corporation (TM) Q1 2025 Financial Results: Strong Growth and Strategic Innovations Drive Performance...

Read full report

TM

Toyota Motor Corporation

Q4 2024 Report

Toyota Motor Corporation (TM) Q4 2024 Financial Results: Robust Recovery Amidst Challenges...

Read full report

Toyota Motor Corporation (TM) Q3 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

More TM Quarterly Reports

TM

TM

TM

TM

Q3 2024 Reports in Consumer Cyclical Sector

Related Financial Data

Sector Analysis: Consumer Cyclical

TM Full Profile

TM Financial Statements

Earnings Calendar