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Operating Expense Breakdown
Details core costs like R&D, marketing, and admin, offering insight into how efficiently General Motors runs and where it’s prioritizing investment.Operating expenses have stepped up since 2022: Financial costs show a steady upward trajectory while Automotive SG&A spikes around restructuring and launch windows then partially retrenches, signaling a mix of one‑time EV charges, warranty/tariff hits and active reinvestment. Management’s guidance raise and stronger auto FCF show these higher expenses are being managed into margin recovery, but H2/Q4 onshoring, launch costs and commodity/tariff headwinds remain near‑term downside risks—watch the pace of EV charge runoff and warranty improvements to validate sustained margin gains.
Date | Financial | Automotive, Selling, General, and Administrative |
|---|---|---|
Jun 30, 2026 | $3.67B | $2.20B |
Mar 31, 2026 | $3.60B | $2.07B |
Dec 31, 2025 | $3.69B | $2.53B |
Sep 30, 2025 | $3.54B | $2.04B |
Jun 30, 2025 | $3.57B | $2.14B |
Mar 31, 2025 | $3.49B | $1.99B |
Dec 31, 2024 | $3.40B | $3.30B |
Sep 30, 2024 | $3.35B | $2.75B |
Jun 30, 2024 | $3.11B | $2.37B |
Mar 31, 2024 | $3.11B | $2.17B |