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Revenue
9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The following table disaggregates our revenue by major source:
Three Months Ended September 30, 2025
GMNAGMICorporateTotal AutomotiveCruiseGM FinancialEliminations/ReclassificationsTotal
Vehicle, parts and accessories$38,752 $3,355 $52 $42,159 $— $— $— $42,159 
Used vehicles453 — 461 — — — 461 
Services and other1,347 282 1,637 — — — 1,637 
Automotive net sales and revenue40,551 3,645 60 44,256 — — — 44,256 
Leased vehicle income— — — — — 1,968 — 1,968 
Finance charge income— — — — — 2,060 — 2,060 
Other income— — — — — 309 (2)308 
GM Financial net sales and revenue— — — — — 4,337 (2)4,335 
Net sales and revenue$40,551 $3,645 $60 $44,256 $— $4,337 $(2)$48,591 
Three Months Ended September 30, 2024
GMNAGMICorporateTotal AutomotiveCruiseGM FinancialEliminations/ReclassificationsTotal
Vehicle, parts and accessories$39,817 $3,244 $37 $43,098 $— $— $(1)$43,097 
Used vehicles368 — 377 — — — 377 
Services and other971 264 24 1,259 26 — (25)1,260 
Automotive net sales and revenue41,157 3,517 62 44,735 26 — (26)44,735 
Leased vehicle income— — — — — 1,828 — 1,828 
Finance charge income— — — — — 1,965 (8)1,956 
Other income— — — — — 238 (2)237 
GM Financial net sales and revenue— — — — — 4,031 (10)4,021 
Net sales and revenue$41,157 $3,517 $62 $44,735 $26 $4,031 $(36)$48,757 
Nine Months Ended September 30, 2025
GMNAGMICorporateTotal AutomotiveCruiseGM FinancialEliminations/ReclassificationsTotal
Vehicle, parts and accessories$112,770 $8,554 $100 $121,424 $— $— $— $121,424 
Used vehicles1,284 25 — 1,309 — — — 1,309 
Services and other3,370 819 63 4,252 — — 4,253 
Automotive net sales and revenue117,424 9,398 163 126,985 — — 126,986 
Leased vehicle income— — — — — 5,810 — 5,810 
Finance charge income— — — — — 6,132 (4)6,129 
Other income— — — — — 813 (5)808 
GM Financial net sales and revenue— — — — — 12,756 (9)12,747 
Net sales and revenue$117,424 $9,398 $163 $126,985 $$12,756 $(9)$139,732 
Nine Months Ended September 30, 2024
GMNAGMICorporateTotal AutomotiveCruiseGM FinancialEliminations/ReclassificationsTotal
Vehicle, parts and accessories$114,131 $9,095 $50 $123,276 $— $— $(1)$123,275 
Used vehicles927 21 — 948 — — — 948 
Services and other2,923 780 80 3,783 76 — (75)3,784 
Automotive net sales and revenue117,981 9,897 130 128,007 76 — (76)128,008 
Leased vehicle income— — — — — 5,431 — 5,431 
Finance charge income— — — — — 5,627 (25)5,602 
Other income— — — — — 703 (5)698 
GM Financial net sales and revenue— — — — — 11,761 (29)11,732 
Net sales and revenue$117,981 $9,897 $130 $128,007 $76 $11,761 $(105)$139,740 

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 September 30, 2025 and 2024.
Contract liabilities in our Automotive operations primarily consist of vehicle connectivity, customer rewards programs, maintenance, extended warranty and other contracts of $8.1 billion and $6.6 billion at September 30, 2025 and December 31, 2024, which are included in Accrued liabilities and Other liabilities. We recognized revenue of $786 million and $2.0 billion related to contract liabilities in the three and nine months ended September 30, 2025 and $456 million and $1.4 billion in the three and nine months ended September 30, 2024. We expect to recognize revenue of $748 million in the three months ending December 31, 2025 and $2.3 billion, $1.4 billion and $3.6 billion in the years ending December 31, 2026, 2027 and thereafter related to contract liabilities at September 30, 2025.