What is General Motors's income tax?

General Motors (GM) reported income tax of $642M in Q1 2026.

How has General Motors's income tax changed year-over-year?

General Motors's income tax decreased by 10.7% year-over-year, from $719M to $642M.

What is the long-term trend for General Motors's income tax?

Over 2 years (2021 to 2024), General Motors's income tax has grown at a -4.0% compound annual growth rate (CAGR), from $2.77B to $2.56B.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

General Motors GM Income Tax

Income Tax at other companies

Ford Motor CompanyF

$361M+144%

Universal Logistics Holdings, Inc.ULH

-$1.12M-156%

Tesla, Inc.TSLA

$257M+52.1%

Rivian Automotive, Inc.RIVN

-$2M-200%

AutoNationAN

$70.3M+20.2%

Group 1 AutomotiveGPI

$40.6M+2.3%

Other financials

Income statement

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Revenue$43.6B-0.9%

Gross profit$6.6B—

Operating income$2.9B-12.7%

Net income$2.6B-5.6%

EPS (diluted)$2.82-15.8%

Balance sheet

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Cash & equivalents$24.1B+0.1%

Total debt$266.0M+4.7%

Total equity$62.7B-2.7%

Total assets$280.97B-0.4%

Cash flow

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Operating cash flow$3.0B-51.3%

CapEx$1.5B-16.7%

Free cash flow$1.4B-66.1%

Valuation

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Market cap$69.5B+47.0%

P/E8.1×0.0×

P/S0.4×+0.1×

Profitability

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Gross margin20.8%—

Operating margin4.3%-2.4pp

Net margin6.1%+0.2pp

FCF margin8%+1.0pp

Returns & leverage

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Return on equity15.2%+0.9pp

Debt / equity0×0.0×

Current ratio1.2×-0.1×

Where this comes from

Reported directly by General Motors in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: General Motors’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is General Motors's income tax?: General Motors (GM) reported income tax of $642M in Q1 2026.
How has General Motors's income tax changed year-over-year?: General Motors's income tax decreased by 10.7% year-over-year, from $719M to $642M.
What is the long-term trend for General Motors's income tax?: Over 2 years (2021 to 2024), General Motors's income tax has grown at a -4.0% compound annual growth rate (CAGR), from $2.77B to $2.56B.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.