Filing Flows › Agco (AGCO) › Q3 2025
Agco (AGCO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 31, 2025
Agco (AGCO) reported revenue of $2.5B for the third quarter 2025 (Q3 2025), -5% from a year earlier and -6% from the quarter before. Operating margin was 6.1%, net earnings $306M (12.3% of revenue).
Agco, Q3 2025: revenue $2.5B (-5% year over year), operating margin 6.1%, net earnings $306M, operating cash flow $71.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5B | -6% | -5% |
| Gross profit | $646M | -2% | +7% |
| Operating profit | $152M | -8% | +32% |
| Net earnings | $306M | -3% | +919% |
| Operating cash flow | $71.0M | -81% | +168% |
| Free cash flow | $2.1M | -99% | — |
What changed
Revenue was $2.5B in Q3 2025, down 5% year over year and down 6% from the previous quarter. Europe/Middle East was the largest line at 65% of revenue.
Gross margin was 26.1%, up 2.9 points from a year earlier. Operating profit was $0.15B, a 6.1% margin (up 1.7 points year over year). Operating expenses grew 1% against a revenue fall of 5%. Net earnings were $0.31B, up 919% year over year ($0.30B including minority interests, which bore $3.0M of losses). The effective tax rate was 13.9%. Non-operating items added $0.20B, 57% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.07B (up 168% year over year), 23% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.32B. Capital expenditures of $0.07B left free cash flow of $2.1M.
Questions
What was Agco's revenue in the third quarter 2025?
Agco (AGCO) reported revenue of $2.5B for the third quarter 2025 (Q3 2025), -5% from a year earlier and -6% from the quarter before.
Was Agco profitable in the third quarter 2025?
Operating profit was $152M (6.1% of revenue) and net earnings $306M.
Source: Agco 10-Q on SEC EDGAR.