Toyota fourth-quarter profit misses by wide margin as U.S. tariffs drive 49% slump

Toyota signage at the New York International Auto Show in New York City on April 2, 2026.

Danielle DeVries | CNBC

Japan’sToyota Motoron Fridayreporteda 49% on-year decline in its fourth quarter operating profit ended March, weighed by the impact of U.S. tariffs.

Here are Toyota’s results compared with median estimates from LSEG:

Revenue:12.6 trillion yen vs. 12.6 trillion yen expected
Operating profit:569.4 billion yen vs. 813.28 billion yen expected

The world’slargest automakerby sales volume saw a1.89% year-on-year rise in revenue during the fourth quarter ended March.

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