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How Deere (DE) makes money
Deere (DE) made $12.6B of revenue in the third quarter fiscal 2026 (Q3 FY26), +5% from a year earlier. Net Sales brought in $11.0B (87%); Finance and Interest Income brought in $1.4B (11%); Forestry brought in $283M (2%). Of every dollar of revenue, 15¢ was left as operating profit, 11¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 FY26
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Net Sales | $11.0B | 87.1% | — | +6% |
| Finance and Interest Income | $1.4B | 10.7% | — | -5% |
| Forestry | $283M | 2.2% | — | -3% |
Where each dollar of revenue goes
| Line | Q3 FY26 | % of revenue |
|---|---|---|
| Revenue | $12.6B | 100.0% |
| Operating profit | $1.9B | 14.9% |
| Income tax | $529M | 4.2% |
| Net earnings | $1.4B | 10.9% |
| Operating cash flow | $2.2B | 17.5% |
| Free cash flow | $1.9B | 15.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 FY26 | $12.6B | +5% |
| Q2 FY26 | $13.4B | +5% |
| Q1 FY26 | $9.6B | +13% |
| Q4 FY25 | $12.4B | +11% |
| Q3 FY25 | $12.0B | -9% |
| Q2 FY25 | $12.8B | -16% |
| Q4 FY24 | $11.1B | -28% |
From Deere's 10-Q filed Aug 27, 2026 (on EDGAR).
Questions
How does Deere make money?
Deere (DE) made $12.6B of revenue in the third quarter fiscal 2026 (Q3 FY26), +5% from a year earlier. Net Sales brought in $11.0B (87%); Finance and Interest Income brought in $1.4B (11%); Forestry brought in $283M (2%). Of every dollar of revenue, 15¢ was left as operating profit, 11¢ was left as net earnings.
What is Deere's biggest business?
Net Sales: $11.0B in the third quarter fiscal 2026, 87% of revenue, +6% from a year earlier.
What is Deere's profit margin?
Net earnings were $1.4B, 10.9% of revenue, in the third quarter fiscal 2026; the operating margin was 14.9%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.