Filing Flows › Deere (DE) › Q3 FY26 › vs Q3 FY25
Deere (DE) Q3 FY26 vs Q3 FY25 (year over year)
Deere's revenue rose $590M (+5%) from $12.0B in Q3 FY25 to $12.6B in Q3 FY26. The biggest changes: Net Sales +$642M (+6%); Finance and Interest Income −$73.0M (-5%); Forestry −$9.0M (-3%). Operating margin 14.9% against 13.3% (+1.6 pts).
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 draws each line against Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Operating margin | 14.9% | 13.3% | +1.6 pts |
| Net margin | 10.9% | 10.7% | +0.2 pts |
| Free cash flow margin | 15.4% | 21.6% | -6.2 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Net Sales | $11.0B | $10.4B | $642M | +6% |
| Finance and Interest Income | $1.4B | $1.4B | −$73.0M | -5% |
| Forestry | $283M | $292M | −$9.0M | -3% |
| Revenue | $12.6B | $12.0B | $590M | +5% |
| Operating profit | $1.9B | $1.6B | $282M | +18% |
| Costs & expenses | $10.7B | $10.4B | $308M | +3% |
| Pre-tax earnings | $1.9B | $1.6B | $296M | +18% |
| Research & development | $567M | $556M | $11.0M | +2% |
| SG&A | $1.2B | $1.2B | $3.0M | +0.2% |
| Other operating costs | $8.9B | $8.6B | $294M | +3% |
| Loss borne by minority interests | $2.0M | $18.0M | −$16.0M | -89% |
| Net earnings | $1.4B | $1.3B | $90.0M | +7% |
| Income tax | $529M | $339M | $190M | +56% |
| Depreciation & amortization | $603M | $564M | $39.0M | +7% |
| Share-based compensation | $47.0M | $50.0M | −$3.0M | -6% |
| Working capital & other | $179M | $993M | −$814M | -82% |
| Operating cash flow | $2.2B | $2.9B | −$688M | -24% |
| Free cash flow (OCF − capex) | $1.9B | $2.6B | −$656M | -25% |
| Capital expenditures | $265M | $297M | −$32.0M | -11% |
Questions
How much did Deere's revenue grow year over year in Q3 FY26?
Deere's revenue rose $590M (+5%) from $12.0B in Q3 FY25 to $12.6B in Q3 FY26.
What drove Deere's revenue change in Q3 FY26?
Net Sales +$642M (+6%); Finance and Interest Income −$73.0M (-5%); Forestry −$9.0M (-3%).