Stellantis Revenue Breakdown By Country and Region

Euro. Pixabay image.

This article covers Stellantis’ revenue distribution across various countries and regions. The company generates revenue in key markets such as North America, France, Brazil, the U.K., Turkey, and others.

In addition to analyzing Stellantis’ current revenue, the article delves into its pre-merger performance by exploring revenue contributions from Peugeot S.A. (PSA) and Fiat Chrysler Automobiles (FCA) across different countries and regions.

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For other key statistics of Stellantis, you may find more resources on this page: Stellantis key stats.

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Definitions

To help readers understand the content better, the following terms and glossaries have been provided.

FCA-PSA Merger: The FCA-PSA merger refers to the combination of Fiat Chrysler Automobiles (FCA) and Peugeot S.A. (PSA) to form a new entity called Stellantis.

Announced in 2019 and completed in January 2021, the merger created the fourth-largest automaker in the world by volume. The move was aimed at leveraging the strengths of both companies to compete more effectively in a rapidly evolving automotive industry, particularly with the shift towards electric vehicles and autonomous driving technologies.

The merger brought together a broad portfolio of brands, including Fiat, Jeep, Dodge, Ram, Peugeot, Citroën, and Opel. Stellantis aims to utilize economies of scale, share technology and platforms, and optimize its global manufacturing footprint to improve efficiency and competitiveness.

Under accounting standards, Groupe PSA (“PSA”) was identified as the acquirer in the FCA-PSA merger, which was accounted for as a reverse acquisition, under IFRS 3 – Business Combinations, and, as such, it contributed to the results of Stellantis beginning January 1, 2021. FCA was consolidated into Stellantis effective January 17, 2021, the day after the merger became effective.

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Insight & Summary of Stellantis’ Revenue Breakdown By Country

The transition from FCA to Stellantis in 2021 fundamentally reshaped the company’s revenue geography — North America went from a negligible presence under PSA (pre-merger) to overwhelmingly the largest single market post-merger, a structural shift that dwarfs any organic year-to-year change visible elsewhere in this dataset.

• The 2021 Discontinuity: A Structural Break, Not Organic Growth North America’s Stellantis revenue jumped from just €122 million (2020, reflecting PSA’s pre-merger footprint) to €68,885 million (2021) — an increase of over 56,000%, which is obviously not organic growth but a direct consequence of the FCA-PSA merger completing that year (as the footnote confirms, pre-2021 data reflects PSA only). This single data point makes 2021 fundamentally incomparable to prior years for North America and, by extension, for Total Net Revenues as a whole. Any analysis treating 2019-2020 to 2021 as a continuous growth trend would be misleading; the more meaningful comparison window begins in 2021 once the combined entity’s reporting is consistent.

• Post-Merger Stellantis: North America’s Rise, Then Recent Moderation Within the post-merger period, North America grew from 46.1% mix share (2021) to a peak of 48.6% (2022), before declining to 41.6% by 2024–2025 — a meaningful retreat from its peak, consistent with the broader North America profitability weakness already visible in Stellantis’ segment-level data. France, historically the largest PSA market, saw its mix share compressed dramatically post-merger — from 27.7%-30.1% (2019-2020, PSA-only) to just 9.1%-10.4% in the combined entity, reflecting genuine dilution as North America’s much larger revenue base was added to the whole, not a decline in France’s own underlying business.

• Argentina and Türkiye: Two Markets With Genuinely Different Trajectories Argentina’s revenue nearly tripled in a single year, from €1,413 million (2024) to €3,652 million (2025) — a striking, isolated jump worth flagging as either a genuine market surge or a possible reporting/consolidation change, since no other market in the dataset shows a comparably abrupt single-year move of that magnitude. Türkiye, by contrast, has shown a more steady multi-year climb, from €853 million (2019) to €6,187 million (2023), before stabilizing around €5,900-6,000 million in 2024-2025 — a genuine, sustained growth market rather than a one-off spike.

• Newer or More Recently Disclosed Markets: Algeria and Morocco Both Algeria and Morocco appear as genuinely new disclosure categories within the dataset — Algeria first with real figures in 2021 (€192 million), Morocco not until 2023 (€464 million). Both have grown steadily since their respective introductions, with Algeria reaching €1,185 million and Morocco €783 million by 2025, though both remain comparatively small contributors to Stellantis’ overall revenue base.

• FCA’s Legacy Footprint: An Even More North-America-Concentrated Business FCA’s own revenue breakdown (2018-2020, its last disclosed years before the merger) shows North America was already its dominant market, ranging from 66.5% to 70.1% mix share — even more concentrated than Stellantis’ post-merger 41.6%-48.6% range. This confirms that FCA brought the overwhelming majority of the combined entity’s North America revenue base into the 2021 merger, while PSA’s pre-merger business (visible in Stellantis’ 2019-2020 figures) was almost entirely Europe-and-adjacent-markets focused, with negligible North America presence.

• Structural Takeaway: Stellantis’ country-level revenue mix reflects the lasting imprint of the 2021 FCA-PSA merger far more than any subsequent organic shift: North America remains the largest single market by a wide margin (inherited overwhelmingly from FCA), while France’s relative importance was mechanically diluted by the much larger combined revenue base rather than any weakening of its own business. Given North America’s mix share has now declined for three consecutive years since its 2022 peak — consistent with the segment-level profitability weakness already observed — the more important trend to monitor going forward is whether this reflects a temporary cyclical dip or the start of a more durable geographic rebalancing toward Europe, Türkiye, and other growing markets like Argentina and Algeria.

The table below combines all key Stellantis’ revenue by country metrics into a single view for the latest three fiscal years.

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Stellantis’ revenue breakdown by various countries

A definition of the FCA-PSA merger is available here: FCA-PSA Merger.

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Stellantis’ revenue mix by various countries

A definition of the FCA-PSA merger is available here: FCA-PSA Merger.

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FCA’s revenue breakdown by various countries

A definition of the FCA-PSA merger is available here: FCA-PSA Merger.

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FCA’s revenue mix by various countries

A definition of the FCA-PSA merger is available here: FCA-PSA Merger.

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References and Credits

1. All financial figures presented were obtained and referenced from Stellantis’ quarterly and annual reports published on the company’s investor relations page: Stellantis Investor Relations.

2. Pixabay images.

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Disclosure

We may use artificial intelligence (AI) tools to assist us in writing some of the text in this article. However, the data is directly obtained from original sources (usually the quarterly and annual reports) and meticulously cross-checked by our editors multiple times to ensure its accuracy and reliability.

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