Company file · APTV
Aptiv
Electrical Distribution Systems was Aptiv's fastest-growing segment in FY2025, up 6.1%
Revenue rose 3.5% to $20.4B in FY2025, from $19.7B in FY2024. Net income fell 90.8% to $165M. Electrical Distribution Systems was the largest segment, at 43% of revenue.
Key facts
Aptiv (NYSE: APTV) reported revenue of $20.4B for fiscal 2025, the year ended Dec 31, 2025, up 3.5% from fiscal 2024. Net income was $165M, down 90.8%. In its latest 10-Q, for the quarter ended Sep 30, 2026, revenue was $3.2B, up 2.3% from the same quarter a year earlier, and net income was $194M. The largest piece by segment was Electrical Distribution Systems, at 43% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Feb 6, 2026) and 10-Q for the quarter ended Sep 30, 2026 (filed Nov 3, 2026).
Source: 10-K FY2025, filed Feb 6, 2026
Source: 10-Q filed May 5, 2026 · 10-Q filed Aug 4, 2026 · 10-Q filed Nov 3, 2026
How it makes money
By segment, FY2025
- LineAmountSharevs FY2024
- Electrical Distribution Systems$8.8B43%+6.1%
- Engineered Components Group$5.8B28%+3.4%
- Advanced Safety and User Experience$5.8B28%−0.2%
Source: 10-K FY2025, XBRL breakdown
By segment in FY2025: Electrical Distribution Systems (43%), Engineered Components Group (28%) and Advanced Safety and User Experience (28%), as shares of total revenue. Total revenue was $20.4B.
Source: 10-K FY2025
By region, FY2025
Share is of the FY2025 total; the last column is the change from FY2024.
Learn more: Revenue vs. net income · Gross, operating and net margin
What changed last quarter
Comparing Q3 2026 (Jul to Sep 2026) compared with Q3 2025 (Jul to Sep 2025)
Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.
Q3 2026Q3 2025
Company
A hatched bar is a loss, drawn by its size. The % change isn't shown when either quarter is a loss.
Source: Aptiv 10-Q for the quarter ended Sep 30, 2026, filed Nov 3, 2026
The bull case and the bear case
The bull case
- Revenue rose 3.5% in FY2025 to $20.4B, from $19.7B a year earlier. 10-K, FY2025
- Diluted shares fell 14.0% in FY2025, so each share represents a larger slice of profit. 10-K, FY2025
- Total debt fell 10.3% in FY2025 to $7.5B. 10-K, FY2025
- Revenue in the quarter ended Sep 30, 2026 was $3.2B, up 2.3% on a year earlier. 10-Q, quarter ended Sep 30, 2026
The bear case
- Net income fell 90.8% in FY2025 to $165M, from $1.8B. 10-K, FY2025
- Operating cash flow fell 10.7% in FY2025 to $2.2B. 10-K, FY2025
- Advanced Safety and User Experience revenue fell 0.2% in FY2025 to $5.8B. 10-K, FY2025
What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.
What the company does
Aptiv is in the automotive parts & equipment industry, part of the consumer discretionary sector. The SEC files it under Motor Vehicle Parts & Accessories.
Aptiv reports 3 segments: Electrical Distribution Systems, Engineered Components Group and Advanced Safety and User Experience.
Its fiscal year ends in December; the latest, FY2025, ended Dec 31, 2025.
Source: 10-K, Item 1 Business
Risks common in this industry
These are general risks for companies in the automotive parts & equipment industry. They are not a summary of Aptiv’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.
- Consumer spendingShoppers cut back on non-essentials when budgets are tight.
- CompetitionRivals, online sellers and changing tastes pressure prices and traffic.
- CostsWages, freight and product costs can squeeze margins.
- Supply chain and tariffsImported goods make it sensitive to trade policy and shipping disruptions.
- Brand and reputationProduct problems or public criticism can hurt demand.
Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)
Three years of key numbers
Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.
| US$ | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | $20.1B | $19.7B | $20.4B |
| Net income | $2.9B | $1.8B | $165M |
| Operating cash flow | $1.9B | $2.4B | $2.2B |
| Cash & equivalents (year end) | $1.6B | $1.6B | $1.6B |
| Total debt (year end) | $6.2B | $8.4B | $7.5B |
| Diluted shares | 283M | 257M | 221M |
- Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
- Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
- Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
- Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
- Total debt: Short-term and long-term debt combined, at carrying value, as the company totals it.
- Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.
Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator
Explainers for this page
- Segment reporting
- Net debt and net cash
- Debt-to-equity ratio
- The cash flow statement
- Risk factors (Item 1A)
- Shareholder proposals (Rule 14a-8)
- Preferred stock
Plain-English guides to terms this file uses, with real numbers from filings.
About these numbers
Recent filings
| Form | Filed | Period |
|---|---|---|
| 10-Q | Nov 3, 2026 | Sep 30, 2026 |
| 10-Q | Aug 4, 2026 | Jun 30, 2026 |
| 10-Q | May 5, 2026 | Mar 31, 2026 |
| DEF 14A | Mar 16, 2026 | Apr 29, 2026 |
| 10-K | Feb 6, 2026 | Dec 31, 2025 |
Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters
Common questions about Aptiv
How does Aptiv make money?
Aptiv's revenue was $20.4B in fiscal 2025. By segment in FY2025: Electrical Distribution Systems (43%), Engineered Components Group (28%) and Advanced Safety and User Experience (28%), as shares of total revenue. Total revenue was $20.4B. Source: 10-K for fiscal 2025, filed Feb 6, 2026.
What was Aptiv's revenue in fiscal 2025?
$20.4B of revenue for the fiscal year ended Dec 31, 2025, up 3.5% from $19.7B in fiscal 2024. Fiscal 2023 was $20.1B. Source: 10-K for fiscal 2025, filed Feb 6, 2026.
Is Aptiv profitable?
Aptiv reported net income of $165M for fiscal 2025, down 90.8% from $1.8B in fiscal 2024. That is a profit under US accounting rules (GAAP). In the quarter ended Sep 30, 2026, net income was $194M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Feb 6, 2026.
What did Aptiv report in its latest quarterly filing?
Revenue was $3.2B in the quarter ended Sep 30, 2026, up 2.3% from $3.1B a year earlier. Net income was $194M, compared with −$355M from −$355M. Source: 10-Q for the quarter ended Sep 30, 2026, filed Nov 3, 2026.
How much cash and debt does Aptiv have?
Aptiv had $670M in cash and cash equivalents and $5.4B of total debt on Sep 30, 2026. Total debt here is short-term and long-term debt combined, at carrying value, as the company totals it. Source: 10-Q filed Nov 3, 2026.
What are the main risks Aptiv faces?
Aptiv's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Feb 6, 2026. Risks that are common among companies in the automotive parts & equipment industry include Consumer spending; competition; costs; supply chain and tariffs; brand and reputation. The first: Shoppers cut back on non-essentials when budgets are tight. Source: 10-K, Item 1A Risk Factors.
Where do these Aptiv numbers come from?
From Aptiv's own SEC filings: the 10-K for fiscal 2025 (filed Feb 6, 2026) and the 10-Q for the quarter ended Sep 30, 2026 (filed Nov 3, 2026), read through the SEC's public XBRL data. Each number on this page links to its filing. Methodology explains how fiscal years and missing numbers are handled.
Tracked funds that report owning Aptiv
- Viking Global Investors: 4,552,887 shares, reported value $279.5M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 14, 2026.
- Slate Path Capital: 2,650,115 shares, reported value $162.7M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 14, 2026.
- Citadel Advisors: 538,269 shares, reported value $33.0M at Jun 30, 2026 (+739.1% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
- Millennium Management: 146,677 shares, reported value $9.0M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 14, 2026.
- Renaissance Technologies: 107,900 shares, reported value $6.6M at Jun 30, 2026 (+40.1% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 13, 2026.
- Two Sigma Investments: 68,738 shares, reported value $4.2M at Jun 30, 2026 (+828.9% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
- Bridgewater Associates: 9,934 shares, reported value $0.6M at Jun 30, 2026 (+13.8% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.
Disclosures
- Editor holdings in APTV
- The editor holds no position in Aptiv (APTV). As of Nov 11, 2026. The editor holds shares of Tesla (TSLA) and SpaceX in a long-term retirement account.
- Trading rule
- The editor does not buy or sell APTV from 3 days before to 3 days after this page is published or substantively updated.
- Compensation
- Nobody paid for this page. No affiliate links on this page.
- Sources
- The company's SEC filings, linked next to each number or, for charts, in the source line under them.
- Last updated
- Nov 10, 2026
General education, the same for every reader. Not a recommendation to buy, sell or hold APTV, and it doesn't consider your situation.
Compare with peers
| Company | Fiscal year | Revenue | Revenue growth | Net income |
|---|---|---|---|---|
| AptivAPTV | FY2025 | $20.4B | +3.5% | $165M |
| AmazonAMZN | FY2025 | $716.9B | +12.4% | $77.7B |
| TeslaTSLA | FY2025 | $94.8B | −2.9% | $3.8B |
| Home DepotHD | FY2025 | $164.7B | +3.2% | $14.2B |
Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.
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New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.