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Deere (DE) operating margin by quarter

Deere's operating margin was 14.9% in Q3 FY26 (third quarter fiscal 2026), -2.2 pts from Q2 FY26. Over the last 7 quarters it ranged from 8.7% (Q1 FY26) to 18.3% (Q2 FY25).

Deere operating margin by quarterDeere operating margin by quarter13.6%Q4 FY2418.3%Q2 FY2513.3%Q3 FY2511.5%Q4 FY258.7%Q1 FY2617.2%Q2 FY2614.9%Q3 FY26
QuarterOperating marginQ/QY/Y
Q3 FY2614.9%-2.2 pts+1.6 pts
Q2 FY2617.2%+8.5 pts-1.2 pts
Q1 FY268.7%-2.8 pts—
Q4 FY2511.5%-1.8 pts-2.1 pts
Q3 FY2513.3%-5.0 pts—
Q2 FY2518.3%+4.7 pts—
Q4 FY2413.6%——

Q3 FY26 at a glance

Deere, Q3 FY26: revenue $12.6B (+5% year over year), operating margin 14.9%, net earnings $1.4B, operating cash flow $2.2B. The chart follows the revenue to costs, profit and cash.

Questions

What is Deere's operating margin?

Deere's operating margin was 14.9% in Q3 FY26 (third quarter fiscal 2026), -2.2 pts from Q2 FY26.

How has Deere's operating margin changed?

Over the last 7 quarters it ranged from 8.7% (Q1 FY26) to 18.3% (Q2 FY25).

Q3 FY26 results → · How Deere makes money →