General Motors (GM) Revenue — Quarter Ended Jun 30, 2024
Revenue increased this quarter, reflecting higher automotive sales. The company posted growth both sequentially and compared to the same period a year earlier.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased this quarter, reflecting higher automotive sales. The company posted growth both sequentially and compared to the same period a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$44.1B
Revenue reported for this quarter.
Quarter-over-quarter
+12.4%
Change from the immediately preceding quarter.
Year-over-year
+6.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$163B
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 |
|---|---|---|
| Sep 30, 2023 | $40.5B | +4.6% |
| Dec 31, 2023 | $39.3B | -1.4% |
| Mar 31, 2024 | $39.2B | +7.0% |
| Jun 30, 2024 | $44.1B | +6.8% |
Revenue performance
Automotive revenue drove the overall improvement, with the top line expanding from both the prior quarter and the year-ago period.
Quarterly comparison
Revenue rose compared to the immediately preceding quarter and was also higher than the same quarter one year earlier.
What to watch
The company continues to allocate significant capital toward battery cell manufacturing and other strategic investments, which may influence future cash flows.