v3.26.1
Revenue
3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The following table disaggregates our revenue by major source:
Three Months Ended March 31, 2026
GMNAGMICorporateTotal AutomotiveGM FinancialEliminations/ReclassificationsTotal
Vehicle, parts, and accessories$34,802 $2,571 $67 $37,440 $— $— $37,440 
Used vehicles416 — 425 — — 425 
Services and other1,183 279 23 1,485 — — 1,485 
Automotive net sales and revenue36,401 2,859 90 39,349 — — 39,349 
Leased vehicle income— — — — 1,985 — 1,985 
Finance charge income— — — — 1,966 — 1,966 
Other income— — — — 326 (1)325 
GM Financial net sales and revenue— — — — 4,276 (1)4,275 
Net sales and revenue$36,401 $2,859 $90 $39,349 $4,276 $(1)$43,624 
Three Months Ended March 31, 2025
GMNAGMICorporateTotal AutomotiveCruiseGM FinancialEliminations/ReclassificationsTotal
Vehicle, parts, and accessories$36,125 $2,125 $18 $38,268 $— $— $— $38,268 
Used vehicles317 — 325 — — — 325 
Services and other946 294 28 1,268 — — 1,269 
Automotive net sales and revenue37,388 2,427 46 39,860 — — 39,861 
Leased vehicle income— — — — — 1,902 — 1,902 
Finance charge income— — — — — 2,025 (4)2,021 
Other income— — — — — 237 (1)236 
GM Financial net sales and revenue— — — — — 4,164 (5)4,159 
Net sales and revenue$37,388 $2,427 $46 $39,860 $$4,164 $(5)$44,020 
Revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods or providing services. Adjustments to sales incentives for previously recognized sales were insignificant in the three months ended March 31, 2026 and 2025.
Contract liabilities in our Automotive operations primarily consist of vehicle connectivity, customer rewards programs, maintenance, extended warranty, and other contracts of $8.7 billion and $8.2 billion at March 31, 2026 and December 31, 2025, which are included in Accrued liabilities and Other liabilities. We recognized revenue of $766 million and $578 million related to contract liabilities in the three months ended March 31, 2026 and 2025. We expect to recognize revenue of $2.1 billion in the nine months ending December 31, 2026 and $1.7 billion, $1.3 billion, and $3.5 billion in the years ending December 31, 2027, 2028, and thereafter related to contract liabilities at March 31, 2026.