Deere & Company (DE) income statement
NYSE · Industrials · Agricultural - Machinery · 73,100 employees · CEO John C. May
- Price
- $675.48 +2.35%
- Market cap
- $182B
- Enterprise value
- $237B
- Last report
- Q3 '26 filed 2026-08-27
- Next report
- 2026-11-25 EPS est. $4.07
Deere & Company (DE) reported revenue of $12.6B for Q3 '26 (+7.0% year on year), operating income of $2.59B (20.6% of revenue) and net income of $1.38B. Over the last four quarters revenue was $47.7B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.2B | $11.8B | $15B | $12.8B | $10.8B | $8.26B | $12.5B | $11.8B | $12.1B | $9.61B | $13.4B | $12.6B | |
| Cost of revenue | $9.65B | $7.2B | $9.16B | $7.85B | $6.82B | $5.04B | $7.61B | $7.57B | $8.16B | $6.28B | $8.27B | $7.94B | |
| Gross profit | $5.5B | $4.65B | $5.84B | $5B | $4.01B | $3.23B | $4.92B | $4.21B | $3.94B | $3.33B | $5.1B | $4.67B | |
| Research & development | $606M | $533M | $565M | $567M | $626M | $526M | $549M | $556M | $681M | $554M | $583M | $567M | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.22B | |
| Other operating expenses | $258M | $369M | $295M | $264M | $341M | $249M | $287M | $281M | $510M | $250M | $306M | $290M | |
| Operating expenses | $1.78B | $1.97B | $2.13B | $2.11B | $1.87B | $1.75B | $2.03B | $2.05B | $2.04B | $1.78B | $2.1B | $2.08B | |
| Operating income | $3.72B | $2.68B | $3.72B | $2.89B | $2.14B | $1.48B | $2.88B | $2.16B | $1.9B | $1.56B | $3.01B | $2.59B | |
| Interest income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.35B | |
| Interest expense | $782M | $802M | $836M | $840M | $870M | $829M | $784M | $794M | $762M | $719M | $712M | $710M | |
| Other non-operating income (gains on investments, FX ...) | -$133M | -$339M | -$238M | -$304M | -$246M | -$246M | -$238M | -$235M | -$292M | -$15M | $5M | $0 | |
| Total non-operating income | -$647M | -$461M | -$596M | -$535M | -$652M | -$584M | -$543M | -$549M | -$470M | -$704M | -$717M | -$710M | |
| Income before tax | $3.08B | $2.22B | $3.12B | $2.36B | $1.49B | $894M | $2.34B | $1.61B | $1.43B | $851M | $2.29B | $1.88B | |
| Income tax | $707M | $469M | $751M | $625M | $249M | $27M | $539M | $339M | $365M | $196M | $518M | $529M | |
| Net income | $2.37B | $1.75B | $2.37B | $1.73B | $1.25B | $869M | $1.8B | $1.29B | $1.07B | $656M | $1.77B | $1.38B | |
| EPS (basic) | $8.30 | $6.26 | $8.56 | $6.32 | $4.57 | $3.20 | $6.65 | $4.76 | $3.94 | $2.43 | $6.56 | $5.11 | |
| EPS (diluted) | $8.26 | $6.23 | $8.53 | $6.29 | $4.55 | $3.19 | $6.64 | $4.75 | $3.93 | $2.42 | $6.55 | $5.10 | |
| Shares (basic, weighted) | 286M | 280M | 277M | 275M | 273M | 272M | 271M | 271M | 270M | 270M | 270M | 270M | |
| Shares (diluted, weighted) | 287M | 281M | 278M | 276M | 274M | 272M | 272M | 271M | 271M | 271M | 271M | 271M | |
| Depreciation & amortization | $477M | $520M | $525M | $553M | $520M | $549M | $555M | $564M | $561M | $590M | $594M | $603M | |
| EBITDA | $4.33B | $3.54B | $4.48B | $3.75B | $2.91B | $2.27B | $3.68B | $2.96B | $2.75B | $2.16B | $3.59B | $3.2B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $25.9B | $28.6B | $36.5B | $38.4B | $34.7B | $43B | $51.3B | $60.2B | $50.5B | $44.7B | |
| Cost of revenue | $18.4B | $20B | $25.8B | $27B | $23.9B | $29.3B | $35.6B | $37.9B | $31B | $28.4B | |
| Gross profit | $7.54B | $8.58B | $10.7B | $11.4B | $10.9B | $13.7B | $15.7B | $22.3B | $19.5B | $16.3B | |
| Research & development | $1.39B | $1.37B | $1.66B | $1.78B | $1.64B | $1.59B | $1.91B | $2.18B | $2.29B | $2.31B | |
| General & administrative | $2.79B | $3.13B | $3.47B | $3.48B | $3.45B | $3.2B | $3.65B | $4.31B | $4.51B | $4.24B | |
| Other operating expenses | $1.11B | $1.15B | $1.17B | $1.26B | $1.4B | $1.27B | $1.15B | $1.23B | $1.27B | $1.33B | |
| Operating expenses | $5.3B | $5.65B | $6.3B | $6.53B | $6.49B | $6.05B | $6.7B | $7.72B | $8.07B | $7.88B | |
| Operating income | $2.24B | $2.93B | $4.38B | $4.83B | $4.37B | $7.66B | $9.03B | $14.6B | $11.4B | $8.42B | |
| Interest expense | $764M | $899M | $1.2B | $1.47B | $1.25B | $993M | $1.06B | $2.45B | $3.35B | $3.17B | |
| Other non-operating income (gains on investments, FX ...) | -$745M | -$1.12B | -$900M | -$720M | -$762M | -$932M | -$1.16B | -$881M | -$1.13B | -$1.01B | |
| Total non-operating income | -$20.9M | $198M | -$277M | -$725M | -$533M | -$40M | $111M | -$1.57B | -$2.25B | -$2.16B | |
| Income before tax | $2.22B | $3.13B | $4.1B | $4.11B | $3.84B | $7.62B | $9.14B | $13B | $9.18B | $6.26B | |
| Income tax | $700M | $971M | $1.73B | $852M | $1.08B | $1.66B | $2.01B | $2.87B | $2.09B | $1.26B | |
| Net income | $1.52B | $2.16B | $2.37B | $3.25B | $2.75B | $5.96B | $7.13B | $10.2B | $7.1B | $5.03B | |
| EPS (basic) | $4.83 | $6.76 | $7.34 | $10.28 | $8.77 | $19.14 | $23.42 | $34.80 | $25.72 | $18.56 | |
| EPS (diluted) | $4.81 | $6.68 | $7.24 | $10.15 | $8.69 | $18.99 | $23.28 | $34.63 | $25.62 | $18.50 | |
| Shares (basic, weighted) | 315M | 320M | 323M | 317M | 314M | 312M | 305M | 292M | 276M | 271M | |
| Shares (diluted, weighted) | 317M | 323M | 327M | 321M | 317M | 314M | 306M | 294M | 277M | 272M | |
| Depreciation & amortization | $1.56B | $1.72B | $1.93B | $2.02B | $2.12B | $2.05B | $1.9B | $2B | $2.12B | $2.23B | |
| EBITDA | $4.55B | $5.77B | $7.2B | $7.57B | $7.25B | $10.6B | $12.1B | $17.5B | $14.7B | $11.7B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-08-02, 10-Q 2026-05-03, 10-Q 2026-02-01, 10-K 2025-11-02, 10-Q 2025-07-27, 10-Q 2025-04-27, 10-Q 2025-01-26, 10-K 2024-10-27, 10-Q 2024-07-28
Data as of 2026-11-01