General Motors (GM) Revenue — Quarter Ended Mar 31, 2024
Revenue for the first quarter decreased slightly from the previous quarter but rose compared to the same quarter last year. The year-over-year growth reflects higher automotive sales.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the first quarter decreased slightly from the previous quarter but rose compared to the same quarter last year. The year-over-year growth reflects higher automotive sales.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$39.2B
Revenue reported for this quarter.
Quarter-over-quarter
-0.1%
Change from the immediately preceding quarter.
Year-over-year
+7.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$160.2B
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, 2023 | $41.3B | +26.5% |
| Sep 30, 2023 | $40.5B | +4.6% |
| Dec 31, 2023 | $39.3B | -1.4% |
| Mar 31, 2024 | $39.2B | +7.0% |
Revenue performance
The company reported a modest sequential decline in revenue, while demonstrating solid improvement from the prior year period.
Quarterly comparison
Compared to the immediately preceding quarter, revenue edged lower. Versus the same quarter one year earlier, revenue increased.
What to watch
Monitor the company's capital spending plans and liquidity management given substantial cash requirements for battery cell manufacturing investments.