Why Volkswagen stock moves
Volkswagen fell sharply, in line with the market.
Written after the close on ·
Updated 08:00 with news that came after the close
Why today
15,876 news analyzed todayVolkswagen fell sharply, in line with the market.
The DAX also fell sharply that day, so the drop was largely market-wide.
Over the last five trading days, the shares were roughly unchanged, and the DAX was roughly flat too.
Likely drivers are broad market selling and weakness in the auto sector, with the shares still well below their December high.
Today's move of −2.73% was 2.5 times a normal day's 1.1%. DAX moved −1.92% on the same day.
Volkswagen −2.73%DAX −1.92%A little weaker than the market
What analysts expect, and how often they have been right
Analysts’ estimates for Volkswagen.
Volkswagen earned more than expected in 2 out of 5 reports.
For comparison, about 68% of reports from European companies beat the estimate in the last three years.
The share moved in the same direction as the earnings surprise in 2 out of 5 reports with a measured move, against about 58% of reports from European companies.
Ratings
Price targets
Latest price 69.50 EUR
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expectedEUR
For the current fiscal year, expected earnings per share changed from 20.72 EUR three months ago to 14.86 EUR now. 2026 estimate: 14.86 EUR. 2027 estimate: 20.03 EUR.
Has the share price followed the business?
Price and earnings moved in the same direction: 1 out of 3 years. Across European companies, that happens in about 65% of years. In 2025, the price changed +14% and earnings per share −38%.
Revenue, profit and market cap
RevenueProfitMarket capHatched bars: analysts’ estimates.bn EUR
Assets, liabilities and market cap
AssetsLiabilitiesMarket capbn EUR
Price and earnings moved in the same direction: 1 out of 3 years.Market cap (Now): 34.8 bn EURRevenue 2025: 321.9 bn EUR
What the key figures say about Volkswagen
The figures connect what Volkswagen earns with what investors pay.
The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.
Profit divided by the number of shares. Each share represents this much of the earnings.
2022–2025: 13.29 EUR–31.79 EUR. Peers: BMW 10.11 EUR, Mercedes-Benz 5.70 EUR, Ford Motor Company -$1.98. 2026 estimate: 14.86 EUR (14.86 EUR–14.86 EUR). 2027 estimate: 20.03 EUR (14.97 EUR–26.32 EUR).
What the company sold during the year.
2022–2025: 279.1 bn EUR–324.7 bn EUR. Peers: BMW 126.2 bn EUR, Mercedes-Benz 128.1 bn EUR, Ford Motor Company $187.0B. 2026 estimate: 317.6 bn EUR (312.1 bn EUR–333.9 bn EUR). 2027 estimate: 322.3 bn EUR (309.1 bn EUR–343.0 bn EUR).
The percentage of revenue left after the costs of running the business.
2022–2025: 3.4%–8.0%. Peers: BMW 5.7%, Mercedes-Benz 5.2%, Ford Motor Company −3.8%.
Profit as a percentage of shareholders’ money in the company.
2022–2025: 3.5%–9.1%. Peers: BMW 6.3%, Mercedes-Benz 5.9%, Ford Motor Company −18.4%.
The price investors pay for each unit of annual earnings per share. Not shown for a loss.
2022–2025: 3.7–7.9. Peers: BMW 5.9, Mercedes-Benz 7.3. 2026 estimate: 4.7. 2027 estimate: 3.5.
What investors pay for each unit the company sells.
2022–2025: 0.14–0.27. Peers: BMW 0.28, Mercedes-Benz 0.31, Ford Motor Company 0.27. 2026 estimate: 0.11. 2027 estimate: 0.11.
Money paid to shareholders per share, summed by calendar year.
2017–2025: 2.00 EUR–26.56 EUR.
The ordinary yearly dividend as a percentage of the share price. Across European companies, a yield of this size was followed by a lower dividend the next year in about 27% of cases, against about 15% below 5%.
2022–2025: 6.0%–18.0%. Peers: BMW 7.4%, Mercedes-Benz 8.4%, Ford Motor Company 4.8%.
Net debt divided by operating earnings before depreciation and amortisation.
2022–2025: 2.06–2.45. Peers: BMW 7.71, Mercedes-Benz 5.92, Ford Motor Company 17.91.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2022–2025: 0.25–0.45. Peers: BMW 0.36, Mercedes-Benz 0.41, Ford Motor Company 1.35.
Market cap plus net debt, divided by operating earnings. This includes debt.
2022–2025: 6.7–14.0.
Cash left after investments, divided by the number of shares.
2022–2025: -20.54 EUR–11.62 EUR. Peers: BMW -6.90 EUR, Mercedes-Benz 0.64 EUR, Ford Motor Company $1.29.
The percentage of assets financed by shareholders’ equity.
2022–2025: 28.8%–29.3%.
The dividend explained
A dividend is money paid to shareholders. Volkswagen paid 5.20 EUR per share in the twelve months through November 6, 2026.
On the ex-dividend day, June 19, 2026, Volkswagen traded without the right to the 5.20 EUR dividend. The price went from 85.55 EUR to 81.85 EUR; including the dividend, the day's change was +1.8%. Entitlement passes from the company to shareholders on the ex-day; payment comes later.
2017: 2.00 EUR2018: 3.90 EUR2019: 4.80 EUR2020: 4.80 EUR2021: 4.80 EUR2022: 26.56 EUR2023: 8.70 EUR2024: 9.00 EUR2025: 6.30 EUR2026 so far: 5.20 EUR
Earnings report
On its last 9 report days Volkswagen usually moved about 2.5%. On a normal day it moves 1.1%.
−1.02% +2.58% −1.88% +2.91%
10,000 EUR in Volkswagen bought on November 7, 2016 is worth 9,230 EUR today, with dividends reinvested.
The same amount in DAX with dividends would have become 24,700 EUR.
What would 10,000 EUR in Volkswagen be worth today? →
What would 10,000 EUR in Volkswagen be worth today?
9,230 EUR
with dividends reinvested, bought on November 7, 2016. The same amount in DAX with dividends would have become 24,700 EUR.
At worst it was worth 8,520 EUR (March 18, 2020).
The five biggest days of the journey
· +15.8% · the whole market rose 0.3% the same day
· −15.7% · the whole market fell 12.2% the same day
· +14.7% · the whole market rose 0.2% the same day
· −14.2% · the whole market fell 1.0% the same day
· +12.5% · the whole market rose 11.0% the same day
Earlier days
+3.73% market +2.49% Volkswagen rose very sharply without a company-news explanation. Read →
Volkswagen rose very sharply without a company-news explanation.
Over the same days the DAX rose sharply, so Volkswagen moved in line with the broader market.
The move was very big for Volkswagen, about four times a normal day.
Over the last five trading days the shares rose clearly, in line with the DAX.
Possible drivers are the broad market rally and the stock's recent recovery from its early October low.
+0.94% market +0.63% Volkswagen rose, moving in line with the market. Read →
Volkswagen rose, moving in line with the market.
The stock moved about as much as the DAX index of major German shares did that day.
No company news explains the move.
The session was an ordinary one for the stock, within its usual daily range.
Over the last five trading days, Volkswagen rose slightly while the DAX rose clearly, so it lagged the market.
+0.79% market +1.31% Volkswagen rose slightly despite posting a deep loss. Read →
Volkswagen rose slightly despite posting a deep loss.
Volkswagen moved less than the DAX, which rose clearly over the same session, so it lagged the market.
The session's main company news was its Q3 loss of more than 6.5 billion dollars, driven by a Porsche writedown and weak China sales.
The shares barely reacted, which suggests investors had partly expected the result.
Over the last five trading days the stock was roughly unchanged, while the DAX rose clearly, so it underperformed.
Learn more · Why do stocks go up and down?