Key Stats
Porsche AG reported group sales revenue of €40.1 billion in fiscal year 2024. (Source)
The company delivered 310,718 vehicles worldwide in 2024, with record sales in four of five global regions.
Porsche AG market capitalization: approximately $44.9 billion as of January 2026. (Source)
Electrified vehicles accounted for 27% of total units sold in 2024.
Porsche AG is owned primarily by Volkswagen AG and Porsche Automobil Holding SE, with the Porsche and Piech families maintaining indirect control through their majority stake in Porsche SE. The Stuttgart-based sports car maker went public through an IPO in September 2022 and trades on the Frankfurt Stock Exchange. In its 2024 fiscal year, Porsche posted an operating profit of €5.6 billion with a return on sales of 14.1%, even as it renewed five of its six model lines simultaneously. The company is investing heavily in both electric mobility and combustion engine development, positioning itself across multiple powertrain strategies. Dr. Michael Leiters took over as CEO on January 1, 2026, succeeding Oliver Blume, who continues as Volkswagen Group CEO.
Who Owns Porsche?
Porsche AG ownership is split between voting ordinary shares and non-voting preferred shares. Volkswagen AG, through its subsidiary Porsche Holding Stuttgart GmbH, indirectly holds 75% minus one of the ordinary (voting) shares and approximately 75.8% of the preferred (non-voting) shares. This makes VW the dominant shareholder in Porsche AG by a wide margin.
Porsche Automobil Holding SE
Porsche Automobil Holding SE owns 25% plus one of the ordinary shares. Though this is a minority voting stake in Porsche AG, the real control mechanism runs through the families’ grip on Porsche SE, which in turn holds about 31.9% of Volkswagen AG’s capital and 53.3% of VW’s voting rights. This circular structure means the Porsche and Piech families indirectly steer both VW and Porsche AG.
Public and Institutional Shareholders
The remaining 24.2% of preferred shares are in free float, held by institutional investors, pension funds, and retail shareholders. These investors participate in Porsche’s financial performance through dividends and share price appreciation but have no voting power on strategic decisions.
Based on ordinary (voting) share distribution. Preferred shares: ~75.8% VW, ~24.2% free float.
Who Is on the Board of Directors for Porsche?
Porsche AG follows the dual-board governance model required under German corporate law. The Supervisory Board oversees strategy and appoints the Executive Board, which handles day-to-day management. A generational change across the Executive Board was completed in 2025, with several long-serving members replaced by internal successors.
Supervisory Board Leadership
Dr. Wolfgang Porsche chairs the Supervisory Board. A grandson of founder Ferdinand Porsche, he has been a central figure in preserving the family’s influence across both Porsche AG and Volkswagen. Other shareholder-side members include Dr. Hans Michel Piech (Deputy Chairman, representing the Piech family branch), Hans Dieter Potsch (Chairman of VW’s Supervisory Board), and Dr. Ferdinand Oliver Porsche. External members include Micaela le Divelec Lemmi and Melissa Di Donato Roos. German co-determination law also requires employee representatives on the board, including Harald Buck (Chairman of the Group Works Council) and several labor union delegates.
Executive Board: CEO and Strategy
Dr. Michael Leiters became CEO of Porsche AG on January 1, 2026. He previously served as CEO of McLaren Automotive and spent over eight years as CTO at Ferrari. Before that, Leiters worked at Porsche for more than 13 years, handling the Macan and Cayenne model lines. His predecessor, Oliver Blume, led Porsche for a decade and oversaw the 2022 IPO, the Taycan launch, and expansion into electric vehicle segments.
Executive Board: Finance and Operations
Dr. Jochen Breckner took over Finance and IT in February 2025, having managed Porsche’s IPO process. Matthias Becker assumed Sales and Marketing the same month. Dr. Michael Steiner, who has led Research and Development since 2016, was named Deputy Chairman of the Executive Board in July 2025. Vera Schalwig and Joachim Scharnagl joined the board in August 2025, heading Human Resources and Procurement respectively. Albrecht Reimold continues to oversee Production and Logistics.
Porsche AG Executive Board (as of 2026)
| Name | Role | Since |
|---|---|---|
| Dr. Michael Leiters | CEO (Chairman) | Jan 2026 |
| Dr. Michael Steiner | Deputy Chairman, R&D | Jul 2025 |
| Dr. Jochen Breckner | Finance and IT | Feb 2025 |
| Matthias Becker | Sales and Marketing | Feb 2025 |
| Albrecht Reimold | Production and Logistics | 2016 |
| Vera Schalwig | Human Resources | Aug 2025 |
| Joachim Scharnagl | Procurement | Aug 2025 |
Largest Shareholders of Porsche AG
Porsche AG’s share capital consists of 911 million shares: 455.5 million ordinary shares and 455.5 million preferred shares. The ordinary shares carry voting rights and are unlisted, while the preferred shares are listed on the Frankfurt Stock Exchange and do not carry voting rights.
Volkswagen AG: Majority Voting Shareholder
Through Porsche Holding Stuttgart GmbH, Volkswagen AG holds roughly 75% of Porsche AG’s voting shares and 75.8% of its preferred shares. This makes VW the largest single shareholder by both equity and voting power. The two companies share technology platforms, manufacturing infrastructure, and supply chain networks. VW’s stake dates back to its full acquisition of Porsche’s automotive business in 2012, and the relationship was partially restructured during Porsche AG’s IPO in September 2022.
Porsche and Piech Families: Indirect Control
The Porsche and Piech families do not own Porsche AG shares directly in large quantities. Their control flows through Porsche Automobil Holding SE, which holds 25% plus one of Porsche AG’s ordinary shares. More importantly, Porsche SE owns 53.3% of Volkswagen AG’s voting rights, meaning the families effectively control the entity that controls Porsche AG. With a combined net worth exceeding $40 billion, the families remain among Europe’s wealthiest. Their influence stretches from board appointments to long-term product and investment strategy decisions.
Free Float: Institutional and Retail Investors
Around 24.2% of Porsche AG’s preferred shares trade freely on the market. These are held by a mix of mutual funds, pension funds, hedge funds, and individual investors. Since preferred shares carry no voting rights, free float holders participate only through financial returns such as dividends and price appreciation. Porsche proposed paying €2.31 per preferred share for fiscal year 2024.
Source: Porsche AG Annual Reports
History of Porsche and Its Co-Founders
Ferdinand Porsche: The Engineer
Ferdinand Porsche, an Austrian automotive engineer, founded the company in Stuttgart in 1931 as a design and consulting firm called Dr. Ing. h.c. F. Porsche GmbH. His early work included the design of the Volkswagen Beetle, commissioned by the German government. The firm did not produce cars under its own name until after World War II.
Ferry Porsche: The Manufacturer
Ferdinand’s son, Ferry Porsche, created the first Porsche-branded car in 1948, the Porsche 356. Built initially in Austria before production moved to Zuffenhausen, the 356 established Porsche as a sports car manufacturer. Ferry’s son, Ferdinand Alexander Porsche, designed the iconic 911 in 1963, a model still in production today. The company became a public entity (Porsche AG) in 1972 and has since grown into one of the most profitable automakers globally, with operations spanning next-generation mobility, electric vehicles, and motorsport.
FAQs
Who is the real owner of Porsche?
Volkswagen AG is the majority shareholder of Porsche AG. The Porsche and Piech families control VW indirectly through Porsche Automobil Holding SE, making them the ultimate controllers of the brand.
Does Volkswagen own Porsche completely?
No. Volkswagen holds about 75% of Porsche AG’s voting shares. Porsche SE holds 25% plus one voting share, and around 24.2% of non-voting preferred shares are publicly traded.
Who is the CEO of Porsche in 2026?
Dr. Michael Leiters became CEO of Porsche AG on January 1, 2026. He previously led McLaren Automotive and served as CTO at Ferrari for over eight years.
Is Porsche a family-owned company?
Porsche is publicly traded, but the Porsche and Piech families maintain indirect control through Porsche Automobil Holding SE, which holds majority voting rights in Volkswagen AG.
What is Porsche AG’s annual revenue?
Porsche AG reported group sales revenue of €40.1 billion for fiscal year 2024, with an operating profit of €5.6 billion and a 14.1% operating return on sales.
