Deere & Company (DE) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 13.37B | 9.61B | 12.09B | 11.78B | 12.53B | 8.26B | 10.83B | 12.85B | 15B | 11.85B | 15.16B | 15.54B | 17.16B | 12.4B | 15.28B | 13.85B | 12.83B | 9.33B | 11.1B | 11.24B |
| Revenue Growth % | 6.74% | 16.33% | 11.7% | -8.29% | -16.48% | -30.25% | -28.57% | -17.31% | -12.59% | -4.44% | -0.78% | 12.21% | 33.73% | 32.85% | 37.57% | 23.21% | 8.66% | 5.02% | 16.57% | 29.22% |
| Cost of Goods Sold | 8.27B | 6.28B | 8.15B | 7.57B | 7.61B | 5.04B | 6.82B | 7.85B | 9.16B | 7.2B | 9.65B | 9.62B | 10.73B | 7.93B | 10.43B | 9.51B | 8.92B | 6.7B | 8.01B | 7.57B |
| COGS % of Revenue | 61.83% | 65.34% | 67.43% | 64.25% | 60.75% | 60.97% | 62.97% | 61.08% | 61.06% | 60.78% | 63.69% | 61.94% | 62.54% | 64% | 68.26% | 68.69% | 69.51% | 71.75% | 72.15% | 67.4% |
| Gross Profit | 5.1B | 3.33B | 3.94B | 4.21B | 4.92B | 3.23B | 4.01B | 5B | 5.84B | 4.65B | 5.5B | 5.91B | 6.43B | 4.46B | 4.85B | 4.33B | 3.91B | 2.64B | 3.09B | 3.66B |
| Gross Margin % | 38.17% | 34.66% | 32.57% | 35.75% | 39.25% | 39.03% | 37.03% | 38.92% | 38.94% | 39.22% | 36.31% | 38.06% | 37.46% | 36% | 31.74% | 31.31% | 30.49% | 28.25% | 27.85% | 32.6% |
| Gross Profit Growth % | 3.8% | 3.29% | -1.75% | -15.74% | -15.82% | -30.59% | -27.15% | -15.44% | -9.15% | 4.12% | 13.51% | 36.4% | 64.31% | 69.27% | 56.74% | 18.31% | 0.85% | -14.42% | 7.88% | 28.02% |
| Operating Expenses | 2.1B | 1.78B | 2.04B | 2.05B | 2.03B | 1.75B | 1.87B | 2.11B | 2.13B | 1.97B | 1.78B | 1.95B | 2.24B | 1.75B | 1.74B | 1.76B | 1.71B | 1.49B | 1.49B | 1.56B |
| OpEx % of Revenue | 15.69% | 18.48% | 16.9% | 17.43% | 16.23% | 21.14% | 17.23% | 16.41% | 14.17% | 16.61% | 11.75% | 12.54% | 13.06% | 14.09% | 11.4% | 12.68% | 13.35% | 16.01% | 13.45% | 13.87% |
| Selling, General & Admin | 1.21B | 972M | 854M | 1.22B | 1.2B | 972M | 899M | 1.28B | 1.26B | 1.07B | 917M | 1.11B | 1.33B | 952M | 973M | 959M | 932M | 781M | 752M | 841M |
| SG&A % of Revenue | 9.04% | 10.11% | 7.06% | 10.33% | 9.56% | 11.76% | 8.3% | 9.95% | 8.43% | 9% | 6.05% | 7.14% | 7.75% | 7.68% | 6.37% | 6.93% | 7.26% | 8.37% | 6.77% | 7.48% |
| Research & Development | 583M | 554M | 681M | 556M | 549M | 526M | 626M | 567M | 565M | 533M | 606M | 528M | 547M | 495M | 576M | 481M | 453M | 402M | 450M | 394M |
| R&D % of Revenue | 4.36% | 5.76% | 5.63% | 4.72% | 4.38% | 6.37% | 5.78% | 4.41% | 3.77% | 4.5% | 4% | 3.4% | 3.19% | 3.99% | 3.77% | 3.47% | 3.53% | 4.31% | 4.05% | 3.51% |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 3B | 1.55B | 1.9B | 2.16B | 2.88B | 1.48B | 2.14B | 2.89B | 3.71B | 2.68B | 3.72B | 3.96B | 4.19B | 2.72B | 3.11B | 2.58B | 2.2B | 1.14B | 1.6B | 2.1B |
| Operating Margin % | 22.48% | 16.18% | 15.67% | 18.32% | 23.02% | 17.89% | 19.79% | 22.5% | 24.77% | 22.61% | 24.56% | 25.52% | 24.41% | 21.91% | 20.33% | 18.63% | 17.14% | 12.24% | 14.41% | 18.73% |
| Operating Income Growth % | 4.23% | 5.21% | -11.57% | -25.32% | -22.4% | -44.81% | -42.42% | -27.09% | -11.29% | -1.4% | 19.83% | 53.74% | 90.45% | 137.83% | 94.13% | 22.52% | -5.58% | -27.35% | 34.57% | 58.03% |
| EBITDA | 3B | 2.15B | 2.46B | 2.72B | 3.44B | 2.03B | 2.66B | 3.44B | 4.24B | 3.2B | 4.2B | 4.5B | 4.69B | 3.21B | 3.56B | 3.09B | 2.65B | 1.63B | 2.08B | 2.62B |
| EBITDA Margin % | 22.48% | 22.32% | 20.31% | 23.11% | 27.45% | 24.53% | 24.6% | 26.81% | 28.27% | 27% | 27.7% | 28.94% | 27.33% | 25.9% | 23.29% | 22.31% | 20.62% | 17.45% | 18.74% | 23.31% |
| EBITDA Growth % | -12.59% | 5.82% | -7.77% | -20.94% | -18.92% | -36.62% | -36.58% | -23.42% | -9.58% | -0.37% | 18.02% | 45.58% | 77.21% | 97.17% | 70.98% | 17.9% | -6.99% | -22.84% | 22.92% | 39.44% |
| D&A (Non-Cash Add-back) | 0 | 590M | 561M | 564M | 555M | 549M | 520M | 553M | 525M | 520M | 477M | 532M | 501M | 494M | 452M | 510M | 447M | 486M | 481M | 515M |
| EBIT | 3B | 1.57B | 2.19B | 2.39B | 3.12B | 1.72B | 2.39B | 3.19B | 3.95B | 3.02B | 3.85B | 4.23B | 4.42B | 2.97B | 3.23B | 2.83B | 2.74B | 1.38B | 1.82B | 2.39B |
| Net Interest Income | -712M | -719M | -762M | -794M | -784M | -829M | -870M | -840M | -836M | -802M | -782M | -623M | -569M | -479M | -349M | -296M | -187M | -229M | -210M | -244M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 712M | 719M | 762M | 794M | 784M | 829M | 870M | 840M | 836M | 802M | 782M | 623M | 569M | 479M | 349M | 296M | 187M | 229M | 210M | 244M |
| Other Income/Expense | -717M | -704M | -470M | -549M | -543M | -584M | -652M | -535M | -596M | -461M | -647M | -357M | -338M | -222M | -219M | -40M | 359M | 12M | 13M | 53M |
| Pretax Income | 2.29B | 851M | 1.43B | 1.61B | 2.34B | 894M | 1.49B | 2.36B | 3.12B | 2.22B | 3.08B | 3.61B | 3.85B | 2.49B | 2.89B | 2.54B | 2.56B | 1.15B | 1.61B | 2.16B |
| Pretax Margin % | 17.11% | 8.85% | 11.78% | 13.66% | 18.68% | 10.82% | 13.77% | 18.34% | 20.8% | 18.72% | 20.29% | 23.22% | 22.44% | 20.12% | 18.9% | 18.34% | 19.94% | 12.37% | 14.53% | 19.2% |
| Income Tax | 518M | 196M | 365M | 339M | 539M | 27M | 249M | 625M | 751M | 469M | 707M | 636M | 991M | 537M | 643M | 654M | 461M | 250M | 330M | 491M |
| Effective Tax Rate % | 22.64% | 23.03% | 25.61% | 21.06% | 23.03% | 3.02% | 16.7% | 26.53% | 24.08% | 21.15% | 22.99% | 17.63% | 25.74% | 21.53% | 22.27% | 25.76% | 18.02% | 21.66% | 20.46% | 22.75% |
| Net Income | 1.77B | 656M | 1.06B | 1.29B | 1.8B | 869M | 1.25B | 1.73B | 2.37B | 1.75B | 2.37B | 2.98B | 2.86B | 1.96B | 2.25B | 1.88B | 2.1B | 903M | 1.28B | 1.67B |
| Net Margin % | 13.26% | 6.83% | 8.81% | 10.94% | 14.4% | 10.52% | 11.5% | 13.5% | 15.8% | 14.78% | 15.63% | 19.17% | 16.67% | 15.8% | 14.7% | 13.61% | 16.35% | 9.68% | 11.55% | 14.83% |
| Net Income Growth % | -1.72% | -24.51% | -14.46% | -25.66% | -23.88% | -50.37% | -47.45% | -41.77% | -17.13% | -10.62% | 5.48% | 58.07% | 36.32% | 116.94% | 75.06% | 13.02% | 17.21% | -26.23% | 69.26% | 105.55% |
| Net Income (Continuing) | 1.77B | 655M | 1.06B | 1.27B | 1.8B | 867M | 1.24B | 1.73B | 2.37B | 1.75B | 2.37B | 2.97B | 2.86B | 1.96B | 2.24B | 1.89B | 2.1B | 904M | 1.28B | 1.67B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 54M | 57M | 57M | 89M | 91M | 85M | 89M | 87M | 102M | 104M | 101M | 104M | 106M | 104M | 95M | 98M | 102M | 4M | 3M | 2M |
| EPS (Diluted) | 6.55 | 2.42 | 3.93 | 4.75 | 6.64 | 3.19 | 4.55 | 6.29 | 8.53 | 6.23 | 8.26 | 10.20 | 9.65 | 6.55 | 7.44 | 6.16 | 6.81 | 2.92 | 4.12 | 5.32 |
| EPS Growth % | -1.36% | -24.14% | -13.63% | -24.48% | -22.16% | -48.8% | -44.92% | -38.33% | -11.61% | -4.89% | 11.02% | 65.58% | 41.7% | 124.32% | 80.58% | 15.79% | 19.89% | -24.55% | 72.38% | 107% |
| EPS (Basic) | 6.56 | 2.43 | 3.94 | 4.76 | 6.65 | 3.20 | 4.57 | 6.32 | 8.56 | 6.26 | 8.30 | 10.24 | 9.69 | 6.58 | 7.48 | 6.20 | 6.85 | 2.94 | 4.15 | 5.36 |
| Diluted Shares Outstanding | 270.8M | 270.9M | 271.1M | 271.4M | 271.8M | 272.3M | 273.6M | 275.6M | 277.9M | 281.1M | 286.9M | 292.1M | 296.5M | 299.1M | 302.1M | 305.7M | 308.1M | 309.4M | 311.5M | 313.4M |
| Basic Shares Outstanding | 270.1M | 270.3M | 270.3M | 270.7M | 271.1M | 271.6M | 272.6M | 274.5M | 276.8M | 279.9M | 285.5M | 290.8M | 295.1M | 297.6M | 300.4M | 304.1M | 306.2M | 307.4M | 309.1M | 311M |
| Dividend Payout Ratio | 24.65% | 67.23% | 41.13% | 34.06% | 24.39% | 46.38% | 32.37% | 23.41% | 17.3% | 22.04% | 15.28% | 12.36% | 12.45% | 17.41% | 15.23% | 17.09% | 15.35% | 36.21% | 21.75% | 16.86% |