Mercedes-Benz Q2 FY26 EBIT rises 22% to €1.55 billion; revenue falls 3% to €32.06 billion

• Mercedes-Benz Group Q2 revenue fell 3% to €32.06 billion; EBIT rose 22% to €1.55 billion, while net profit climbed 13% to €1.09 billion.
• Cars Q2 EBIT slumped 94% to €49 million on 5% lower revenue of €22.99 billion; Vans EBIT rose 83% to €502 million on 5% higher revenue.
• Q2 adjusted EBIT increased 16% to €2.3 billion, including a €844 million China-related hit tied to at-equity investments.
• First-half revenue slipped 4% to €63.66 billion; net profit fell 6% to €2.52 billion, while free cash flow in the industrial business dropped 30% to €2.96 billion.
• Outlook now sees Cars unit sales slightly below last year, raises the xEV mix forecast to 23%-25%, and lifts Financial Services adjusted ROE guidance to 12%-14%.

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