General Motors (GM) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter decreased compared to both the immediately preceding quarter and the same quarter a year earlier. The decline reflects a sequential drop and a slight year-over-year contraction.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter decreased compared to both the immediately preceding quarter and the same quarter a year earlier. The decline reflects a sequential drop and a slight year-over-year contraction.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$39.3B
Revenue reported for this quarter.
Quarter-over-quarter
-3.1%
Change from the immediately preceding quarter.
Year-over-year
-1.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$157.7B
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 |
|---|---|---|
| Mar 31, 2023 | $36.6B | +11.6% |
| Jun 30, 2023 | $41.3B | +26.5% |
| Sep 30, 2023 | $40.5B | +4.6% |
| Dec 31, 2023 | $39.3B | -1.4% |
Revenue performance
The reported revenue trend was downward, marking a decline from the prior quarter's level. The decrease was also evident when measured against the prior-year period.
Quarterly comparison
Sequentially, revenue fell from the prior quarter. On an annual basis, the fourth quarter revenue was lower than the corresponding period in the previous year.
What to watch
The company executed substantial share repurchases during the quarter, which may affect per-share metrics but do not change the revenue figures.