NYSE : TM
Toyota Motor Corporation — Financial statements
Consumer Discretionary · Auto Manufacturers · Japan
Last price 196.63 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 229.07B
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Financial statements
Toyota Motor Corporation (TM) reported revenue of 51.96T JPY (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in JPY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 46.88T | 45.87T | 43.60T | 41.65T | 34.37T | 29.07T |
| Other Revenue | 5.08T | 4.82T | 4.44T | 3.45T | 2.79T | 2.31T |
| Revenue | 51.96T | 50.68T | 48.04T | 45.10T | 37.15T | 31.38T |
| Cost of Revenue | 39.99T | 39.14T | 35.51T | 33.60T | 29.13T | 24.25T |
| Gross Profit | 8.71T | 8.47T | 9.57T | 9.37T | 6.31T | 5.97T |
| Selling, General & Admin | 5.04T | 4.70T | 4.78T | 4.02T | 3.59T | 2.98T |
| Operating Expenses | 5.04T | 4.70T | 4.78T | 4.02T | 3.59T | 2.98T |
| Operating Income | 3.67T | 3.77T | 4.79T | 5.35T | 2.72T | 3.00T |
| Interest Expense | -339.70B | -60.29B | -84.11B | -64.73B | -47.36B | -32.46B |
| Interest & Investment Income | 437.60B | 437.60B | 485.06B | 581.87B | 343.41B | 196.34B |
| Earnings From Equity Investments | 622.38B | 552.74B | 591.22B | 763.14B | 643.06B | 560.35B |
| Currency Exchange Gain (Loss) | 725.53B | 400.78B | 705.29B | 187.57B | 124.52B | 216.19B |
| Other Non Operating Income (Expenses) | 749.66B | 50.27B | -68.15B | 144.31B | -114.91B | 54.40B |
| EBT Excluding Unusual Items | 5.86T | 5.15T | 6.41T | 6.97T | 3.67T | 3.99T |
| Pretax Income | 5.86T | 5.15T | 6.41T | 6.97T | 3.67T | 3.99T |
| Income Tax Expense | 1.20T | 1.17T | 1.62T | 1.89T | 1.18T | 1.12T |
| Earnings From Continuing Operations | 4.67T | 3.99T | 4.79T | 5.07T | 2.49T | 2.87T |
| Minority Interest in Earnings | -181.50B | -137.66B | -24.67B | -126.49B | -41.65B | -24.50B |
| Net Income | 4.48T | 3.85T | 4.77T | 4.94T | 2.45T | 2.85T |
| Net Income to Common | 4.48T | 3.85T | 4.77T | 4.94T | 2.45T | 2.85T |
| Shares Outstanding (Basic) | 12.83B | 13.03B | 13.25B | 13.51B | 13.66B | 13.89B |
| Shares Outstanding (Diluted) | 12.83B | 13.03B | 13.25B | 13.51B | 13.66B | 13.89B |
| EPS (Basic) | 349.35 | 295.25 | 359.56 | 365.94 | 179.47 | 205.23 |
| EPS (Diluted) | 349.35 | 295.25 | 359.56 | 365.94 | 179.47 | 205.23 |
| Free Cash Flow | -842.31B | 558.38B | -1.21T | -507.73B | -402.48B | 238.46B |
| Free Cash Flow Per Share | -65.63 | 42.84 | -91.06 | -37.57 | -29.47 | 17.17 |
| Dividend Per Share | 95.00 | 95.00 | 90.00 | 75.00 | 60.00 | 52.00 |
| Gross Margin | 16.77% | 16.71% | 19.92% | 20.77% | 16.98% | 19.03% |
| Operating Margin | 7.06% | 7.44% | 9.96% | 11.87% | 7.32% | 9.55% |
| Profit Margin | 8.63% | 7.59% | 9.92% | 10.97% | 6.60% | 9.08% |
| Free Cash Flow Margin | -1.62% | 1.10% | -2.51% | -1.13% | -1.08% | 0.76% |
| EBITDA | 5.60T | 5.61T | 6.63T | 7.16T | 4.68T | 4.82T |
| EBITDA Margin | 10.78% | 11.07% | 13.80% | 15.87% | 12.58% | 15.35% |
| D&A For EBITDA | 1.93T | 1.84T | 1.84T | 1.80T | 1.96T | 1.82T |
| EBIT | 3.67T | 3.77T | 4.79T | 5.35T | 2.72T | 3.00T |
| EBIT Margin | 7.06% | 7.44% | 9.96% | 11.87% | 7.32% | 9.55% |
| Effective Tax Rate | 20.45% | 22.65% | 25.33% | 27.19% | 32.05% | 27.96% |
| Revenue as Reported | 51.96T | 50.68T | 48.04T | 45.10T | 37.15T | 31.38T |
Balance sheet
Fiscal year April - March; amounts in JPY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 10.34T | 9.89T | 6.09T | 6.89T | 5.55T | 4.30T |
| Short-Term Investments | 3.01T | 3.98T | 6.94T | 4.50T | 1.51T | 2.42T |
| Trading Asset Securities | 180.66B | 163.78B | 69.62B | |||
| Cash & Short-Term Investments | 13.35T | 13.87T | 13.03T | 11.58T | 7.22T | 6.79T |
| Accounts Receivable | 4.02T | 2.05T | 2.44T | 2.64T | 2.72T | 2.43T |
| Other Receivables | 235.28B | 1.98T | 1.45T | 1.27T | 1.09T | 880.48B |
| Receivables | 4.25T | 4.03T | 3.90T | 3.91T | 3.80T | 3.31T |
| Inventory | 5.47T | 5.13T | 4.60T | 4.61T | 4.26T | 3.82T |
| Finance Div. Loans and Leases | 14.09T | 13.48T | 11.45T | 11.06T | 8.28T | 7.18T |
| Finance Div. Other Current Assets | 2.77T | 2.89T | 2.52T | 1.97T | 1.81T | |
| Other Current Assets | 1.69T | 3.54T | 1.21T | 1.05T | 928.86B | 807.81B |
| Total Current Assets | 38.85T | 42.82T | 37.08T | 34.71T | 26.46T | 23.72T |
| Property, Plant & Equipment | 18.24T | 10.49T | 9.72T | 9.21T | 8.22T | 7.75T |
| Long-Term Investments | 16.59T | 16.48T | 15.68T | 5.71T | 15.78T | 14.36T |
| Other Intangible Assets | 1.37T | 869.32B | 780.66B | 1.36T | 1.25T | 1.19T |
| Finance Div. Loans and Leases Long-Term | 26.21T | 25.49T | 22.17T | 20.64T | 16.49T | 14.58T |
| Long-Term Deferred Tax Assets | 588.66B | 555.60B | 517.87B | 502.23B | 387.43B | 342.20B |
| Long-Term Deferred Charges | 523.44B | 582.61B | ||||
| Other Long-Term Assets | 792.20B | 814.77B | 872.10B | 12.40T | 806.69B | 718.97B |
| Total Assets | 102.64T | 105.52T | 93.60T | 90.11T | 74.30T | 67.69T |
| Accounts Payable | 5.68T | 4.30T | 4.03T | 3.83T | 3.82T | 3.17T |
| Accrued Expenses | 2.17T | 2.11T | 1.83T | 1.86T | 1.55T | 1.52T |
| Short-Term Debt | 17.87T | 538.22B | 717.54B | 515.39B | 722.04B | 610.93B |
| Current Portion of Long-Term Debt | 91.12B | 47.04B | 87.93B | |||
| Current Portion of Leases | 163.44B | 92.15B | 73.46B | |||
| Finance Div. Debt Current | 17.04T | 15.11T | 14.89T | 11.58T | 10.58T | |
| Finance Div. Other Current Liabilities | 56.92B | 51.25B | 38.86B | 43.61B | 130.93B | |
| Current Income Taxes Payable | 509.01B | 654.75B | 454.25B | 1.19T | 361.00B | 695.89B |
| Other Current Liabilities | 7.00T | 8.73T | 7.14T | 6.69T | 5.83T | 5.05T |
| Total Current Liabilities | 33.24T | 33.61T | 29.43T | 29.18T | 23.96T | 21.84T |
| Long-Term Debt | 26.08T | 1.72T | 1.45T | 2.09T | 1.83T | 1.75T |
| Finance Div. Debt Long-Term | 23.90T | 21.52T | 19.36T | 15.63T | 13.88T | |
| Finance Div. Other Long-Term Liabilities | 20.27B | 18.34B | 19.22B | 18.08B | 18.19B | |
| Long-Term Leases | 547.58B | 441.20B | 389.11B | |||
| Pension & Post-Retirement Benefits | 1.00T | 1.00T | 1.00T | 1.06T | 1.05T | 1.00T |
| Long-Term Deferred Tax Liabilities | 1.31T | 1.58T | 1.66T | 2.22T | 1.80T | 1.35T |
| Other Long-Term Liabilities | 2.77T | 2.12T | 1.20T | 568.45B | 753.58B | 679.55B |
| Total Liabilities | 64.41T | 64.50T | 56.72T | 54.87T | 45.04T | 40.53T |
| Common Stock | 397.05B | 397.05B | 397.05B | 397.05B | 397.05B | 397.05B |
| Additional Paid-In Capital | 366.74B | 456.74B | 492.37B | 491.80B | 498.73B | 498.57B |
| Retained Earnings | 37.62T | 38.71T | 35.84T | 32.80T | 28.34T | 26.45T |
| Treasury Stock | -5.65T | -4.46T | -4.42T | -3.97T | -3.74T | -3.31T |
| Comprehensive Income & Other | 4.57T | 4.81T | 3.61T | 4.50T | 2.84T | 2.20T |
| Total Common Equity | 37.31T | 39.92T | 35.92T | 34.22T | 28.34T | 26.25T |
| Minority Interest | 920.10B | 1.10T | 954.09B | 1.02T | 925.51B | 908.85B |
| Shareholders' Equity | 38.23T | 41.02T | 36.88T | 35.24T | 29.26T | 27.15T |
| Total Liabilities & Equity | 102.64T | 105.52T | 93.60T | 90.11T | 74.30T | 67.69T |
| Total Debt | 43.95T | 43.92T | 39.33T | 37.40T | 29.81T | 26.91T |
| Net Cash (Debt) | -30.60T | -30.05T | -26.30T | -25.82T | -22.59T | -20.12T |
| Net Cash Per Share | -2,384.36 | -2,305.56 | -1,984.50 | -1,911.06 | -1,653.81 | -1,448.74 |
| Filing Date Shares Outstanding | 11.84B | 13.03B | 13.05B | 13.47B | 13.57B | 13.78B |
| Total Common Shares Outstanding | 11.84B | 13.03B | 13.05B | 13.47B | 13.57B | 13.78B |
| Working Capital | 5.61T | 9.22T | 7.64T | 5.54T | 2.50T | 1.88T |
| Book Value Per Share | 3,150.60 | 3,062.82 | 2,753.09 | 2,539.75 | 2,089.08 | 1,904.88 |
| Tangible Book Value | 35.94T | 39.05T | 35.14T | 32.87T | 27.09T | 25.05T |
| Tangible Book Value Per Share | 3,035.12 | 2,996.12 | 2,693.26 | 2,439.16 | 1,996.99 | 1,818.37 |
Cash flow statement
Fiscal year April - March; amounts in JPY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 4.48T | 3.85T | 4.77T | 4.94T | 2.45T | 2.85T |
| Depreciation & Amortization | 2.15T | 2.06T | 1.94T | 1.93T | 2.04T | 1.82T |
| Other Amortization | 329.64B | 329.64B | 307.70B | 160.69B | ||
| Loss (Gain) on Equity Investments | -622.38B | -552.74B | -591.22B | -763.14B | -643.06B | -560.35B |
| Other Operating Activities | 335.24B | 761.60B | 87.38B | 1.91T | 609.40B | 741.64B |
| Change in Accounts Receivable | -539.37B | -539.37B | 55.14B | -859.24B | -532.43B | 118.65B |
| Change in Inventory | -468.88B | -468.88B | -70.65B | -207.53B | -350.55B | -725.28B |
| Change in Accounts Payable | 378.80B | 378.80B | 362.92B | 560.74B | 712.40B | 152.40B |
| Change in Other Net Operating Assets | -1.92T | -347.10B | -3.16T | -3.47T | -1.33T | -676.43B |
| Operating Cash Flow | 4.13T | 5.47T | 3.70T | 4.21T | 2.96T | 3.72T |
| Capital Expenditures | -4.98T | -4.91T | -4.90T | -4.71T | -3.36T | -3.48T |
| Sale of Property, Plant & Equipment | 1.45T | 1.39T | 1.78T | 2.16T | 1.72T | 1.58T |
| Sale (Purchase) of Intangibles | -380.65B | -378.80B | -354.20B | -334.29B | -348.28B | -346.08B |
| Investment in Securities | 2.65T | 1.23T | -215.98B | -721.41B | 183.51B | -225.27B |
| Other Investing Activities | 2.97T | 1.16T | -494.55B | -1.39T | 207.83B | 1.90T |
| Investing Cash Flow | 1.71T | -1.52T | -4.19T | -5.00T | -1.60T | -577.50B |
| Short-Term Debt Issued | 75.67B | 401.74B | 239.69B | |||
| Long-Term Debt Issued | 12.88T | 13.38T | 12.06T | 9.28T | 8.12T | |
| Total Debt Issued | 13.31T | 12.88T | 13.46T | 12.46T | 9.52T | 8.12T |
| Short-Term Debt Repaid | -90.69B | -579.22B | ||||
| Long-Term Debt Repaid | -11.96T | -10.87T | -8.75T | -8.35T | -8.84T | |
| Total Debt Repaid | -12.26T | -12.05T | -10.87T | -8.75T | -8.35T | -9.42T |
| Net Debt Issued (Repaid) | 1.06T | 832.99B | 2.58T | 3.71T | 1.16T | -1.30T |
| Repurchase of Common Stock | -3.66T | -39.98B | -1.18T | -231.07B | -431.10B | -404.72B |
| Common Dividends Paid | -1.24T | -1.24T | -1.13T | -880.20B | -727.98B | -709.87B |
| Other Financing Activities | -232.93B | -90.70B | -76.39B | -97.94B | -60.67B | -51.72B |
| Financing Cash Flow | -4.07T | -536.66B | 197.24B | 2.50T | -56.18B | -2.47T |
| Foreign Exchange Rate Adjustments | 478.50B | 377.20B | -134.09B | 189.91B | 103.31B | 334.19B |
| Miscellaneous Cash Flow Adjustments | -115.93B | -115.93B | ||||
| Net Cash Flow | 2.13T | 3.68T | -429.65B | 1.90T | 1.40T | 1.01T |
| Free Cash Flow | -842.31B | 558.38B | -1.21T | -507.73B | -402.48B | 238.46B |
| Free Cash Flow Margin | -1.62% | 1.10% | -2.51% | -1.13% | -1.08% | 0.76% |
| Free Cash Flow Per Share | -65.63 | 42.84 | -91.06 | -37.57 | -29.47 | 17.17 |
| Levered Free Cash Flow | -3.60T | -1.20T | -855.59B | 1.75T | -253.67B | -92.93B |
| Unlevered Free Cash Flow | -3.39T | -1.17T | -803.02B | 1.79T | -224.08B | -72.65B |
| Cash Interest Paid | 1.73T | 1.69T | 1.61T | 1.15T | 593.22B | 418.04B |
| Cash Income Tax Paid | 1.76T | 1.24T | 2.50T | 1.12T | 1.30T | 809.76B |
| Change in Working Capital | -2.55T | -976.56B | -2.82T | -3.98T | -1.50T | -1.13T |
Ratios
Fiscal year April - March; amounts in JPY.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 227.69B | 259.18B | 228.19B | 337.91B | 191.84B | 252.25B |
| Enterprise Value | 427.41B | 426.18B | 406.12B | 518.65B | 352.24B | 419.15B |
| Last Close Price | 195.83 | 206.09 | 171.83 | 237.72 | 131.19 | 162.37 |
| PE Ratio | 8.87 | 10.71 | 7.17 | 10.34 | 10.40 | 10.75 |
| PS Ratio | 0.71 | 0.81 | 0.71 | 1.13 | 0.69 | 0.98 |
| PB Ratio | 0.97 | 1.00 | 0.93 | 1.45 | 0.87 | 1.13 |
| P/TBV Ratio | 1.03 | 1.05 | 0.97 | 1.55 | 0.94 | 1.22 |
| P/FCF Ratio | 73.81 | 128.46 | ||||
| P/OCF Ratio | 8.71 | 7.53 | 9.24 | 12.15 | 8.63 | 8.23 |
| EV/Sales Ratio | 1.34 | 1.34 | 1.27 | 1.74 | 1.26 | 1.62 |
| EV/EBITDA Ratio | 12.40 | 12.07 | 9.18 | 10.96 | 10.01 | 10.56 |
| EV/EBIT Ratio | 18.93 | 17.97 | 12.71 | 14.65 | 17.21 | 16.99 |
| EV/FCF Ratio | 121.36 | 213.45 | ||||
| Debt / Equity Ratio | 1.15 | 1.07 | 1.07 | 1.06 | 1.02 | 0.99 |
| Debt / EBITDA Ratio | 7.55 | 7.53 | 5.84 | 5.14 | 6.26 | 5.59 |
| Debt / FCF Ratio | 78.65 | 112.85 | ||||
| Net Debt / Equity Ratio | 0.80 | 0.73 | 0.71 | 0.73 | 0.77 | 0.74 |
| Net Debt / EBITDA Ratio | 5.46 | 5.35 | 3.97 | 3.61 | 4.83 | 4.18 |
| Net Debt / FCF Ratio | -36.33 | 53.81 | -21.79 | -50.86 | -56.12 | 84.37 |
| Asset Turnover | 0.53 | 0.51 | 0.52 | 0.55 | 0.52 | 0.48 |
| Inventory Turnover | 7.92 | 8.04 | 7.72 | 7.58 | 7.21 | 7.23 |
| Quick Ratio | 0.95 | 1.02 | 1.06 | 1.00 | 0.89 | 0.87 |
| Current Ratio | 1.17 | 1.27 | 1.26 | 1.19 | 1.10 | 1.09 |
| Return on Equity (ROE) | 12.40% | 10.23% | 13.28% | 15.72% | 8.84% | 11.18% |
| Return on Assets (ROA) | 2.34% | 2.37% | 3.26% | 4.07% | 2.39% | 2.88% |
| Return on Invested Capital (ROIC) | 4.17% | 4.35% | 5.75% | 6.90% | 3.73% | 4.79% |
| Return on Capital Employed (ROCE) | 5.30% | 5.20% | 7.50% | 8.80% | 5.40% | 6.50% |
| Earnings Yield | 11.28% | 9.34% | 13.94% | 9.68% | 9.61% | 9.30% |
| FCF Yield | -2.34% | 1.35% | -3.53% | -0.99% | -1.58% | 0.78% |
| Dividend Yield | 2.73% | 3.00% | 3.44% | 1.98% | 3.19% | 2.34% |
| Payout Ratio | 24.19% | 32.20% | 23.76% | 17.80% | 29.70% | 24.91% |
| Buyback Yield / Dilution | 2.35% | 1.65% | 1.93% | 1.07% | 1.65% | 2.24% |
| Total Shareholder Return | 5.08% | 4.66% | 5.36% | 3.04% | 4.84% | 4.58% |