General Motors (GM) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter decreased from the prior quarter but increased compared to the same quarter one year ago. The sequential decline followed a period of growth, while the year-over-year gain reflects ongoing demand.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter decreased from the prior quarter but increased compared to the same quarter one year ago. The sequential decline followed a period of growth, while the year-over-year gain reflects ongoing demand.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$36.6B
Revenue reported for this quarter.
Quarter-over-quarter
-8.0%
Change from the immediately preceding quarter.
Year-over-year
+11.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$147.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $32.6B | +6.1% |
| Sep 30, 2022 | $38.7B | +65.2% |
| Dec 31, 2022 | $39.8B | +31.2% |
| Mar 31, 2023 | $36.6B | +11.6% |
Revenue performance
The reported revenue was down from the immediately preceding quarter, ending a streak of sequential increases. Year-over-year, revenue remained higher, indicating sustained expansion compared to the prior year.
Quarterly comparison
Compared to the prior quarter, revenue contracted, while versus the same quarter a year earlier, it expanded. This divergent trend highlights a pause in the recent upward trajectory but a solid annual improvement.
What to watch
Monitor whether the sequential revenue decline is a temporary adjustment or the start of a sustained downturn.