Filing Flows › Agco (AGCO) › Q3 2026 › vs Q3 2025
Agco (AGCO) Q3 2026 vs Q3 2025 (year over year)
Agco's revenue fell $214M (-9%) from $2.5B in Q3 2025 to $2.3B in Q3 2026. The biggest changes: Europe/Middle East −$308M (-19%); North America +$125M (+35%); Latin America −$53.2M (-15%). Gross margin 25.0% against 26.1% (-1.1 pts).
Agco, Q3 2026: revenue $2.3B (-9% year over year), operating margin 5.1%, net earnings $51.7M, operating cash flow $26.6M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 25.0% | 26.1% | -1.1 pts |
| Operating margin | 5.1% | 6.1% | -1.0 pts |
| Net margin | 2.3% | 12.3% | -10.1 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Europe/Middle East | $1.3B | $1.6B | −$308M | -19% |
| North America | $485M | $360M | $125M | +35% |
| Latin America | $292M | $346M | −$53.2M | -15% |
| Asia/Pacific/Africa | $179M | $157M | $21.7M | +14% |
| Revenue | $2.3B | $2.5B | −$214M | -9% |
| Gross profit | $565M | $646M | −$81.1M | -13% |
| Cost of revenue | $1.7B | $1.8B | −$133M | -7% |
| Operating profit | $116M | $152M | −$35.5M | -23% |
| Operating expenses | $449M | $495M | −$45.6M | -9% |
| Pre-tax earnings | $75.2M | $352M | −$276M | -79% |
| Other expense, net | $40.9M | −$200M | $241M | — |
| SG&A | $304M | $341M | −$37.0M | -11% |
| Other operating costs | $146M | $154M | −$8.6M | -6% |
| Loss borne by minority interests | $1.7M | $3.0M | −$1.3M | -43% |
| Net earnings | $51.7M | $306M | −$254M | -83% |
| Income tax | $25.2M | $48.8M | −$23.6M | -48% |
| Operating cash sources | $141M | $398M | −$258M | -65% |
| Depreciation & amortization | $82.2M | $85.7M | −$3.5M | -4% |
| Share-based compensation | $6.7M | $7.1M | −$400K | -6% |
| Working capital & other | $114M | $328M | −$214M | -65% |
| Operating cash flow | $26.6M | $71.0M | −$44.4M | -63% |
| Capital expenditures | $60.4M | $68.9M | −$8.5M | -12% |
| Negative free cash flow (OCF − capex) | $33.8M | −$2.1M | $35.9M | — |
Questions
How much did Agco's revenue grow year over year in Q3 2026?
Agco's revenue fell $214M (-9%) from $2.5B in Q3 2025 to $2.3B in Q3 2026.
What drove Agco's revenue change in Q3 2026?
Europe/Middle East −$308M (-19%); North America +$125M (+35%); Latin America −$53.2M (-15%).