Mercedes-Benz’s revenue declined slightly by 3.3% to 32.1 billion euros in the second quarter of 2026, weighed down by a slowdown in the Chinese market and a still-challenging global economic environment. However, the German automaker was able to rely on strong growth in its electric vehicle sales.
The group posted an operating profit (EBIT) of 1.55 billion euros, compared with 1.3 billion euros a year earlier, on revenue of 32.1 billion euros.
The Mercedes-Benz Cars division posted an adjusted operating margin of 4%, in line with the group’s annual targets, despite a decline in profitability. The automaker faced increased competition in China, where its sales fell by 30%.
The strategy to refresh the lineup appears to be working, as sales of 100% electric vehicles surged by 51% year-over-year, driven by an 87% increase in Europe, thanks in particular to the launch of the new CLA and GLB. Excluding China, global car sales rose by 2%, supported by growth in Europe and the United States.
The Mercedes-Benz Vans division posted an adjusted operating margin of 10.2%, close to its targets. Sales of electric vans rose by 46%, driven by strong demand in North America and Europe as well as the rollout of the new Van Architecture platform.
