Deere & CompanyDEEarnings & Financial Report
Deere & Company, doing business as John Deere, is an American corporation that manufactures agricultural machinery, heavy equipment, forestry machinery, diesel engines, drivetrains used in heavy equipment and lawn care equipment. It also provides financial services and other related activities.
Revenue
$15.2B
Gross Profit
N/A
Operating Profit
$3.1B
Net Profit
$2.4B
Gross Margin
N/A
Operating Margin
20.5%
Net Margin
15.6%
YoY Growth
-12.4%
EPS
$8.53
Deere & Company Q2 FY2024 Financial Summary
Deere & Company reported revenue of $15.2B (down 12.4% YoY) for Q2 FY2024, with a net profit of $2.4B (down 17.1% YoY) (15.6% margin).
Key Financial Metrics
| Total Revenue | $15.2B |
|---|---|
| Net Profit | $2.4B |
| Gross Margin | N/A |
| Operating Margin | 20.5% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Deere & Company Q2 FY2024 revenue of $15.2B breaks down across 11 segments, led by Production Agriculture at $6.5B (42.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Production Agriculture | $6.5B | 42.7% |
| Small Agriculture | $2.1B | 13.8% |
| Small Agriculture And Turf Segment | $1.8B | 12.1% |
| Financial Service | $1.4B | 9.1% |
| Roadbuilding | $1.1B | 7.1% |
| Turf | $1.0B | 6.7% |
| Compact Construction Equipment | $695.0M | 4.6% |
| Forestry | $271.0M | 1.8% |
| Other | $238.0M | 1.6% |
| Other Products And Services | $133.0M | 0.9% |
| Financial Products | $39.0M | 0.3% |
Deere & Company Revenue by Segment — Quarterly Trend
Deere & Company revenue by segment across the last 4 reported quarters, showing how each business line (such as Production Agriculture and Small Agriculture) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Small Agriculture | — | $1.8B | $2.2B | $2.0B |
| Small Agriculture And Turf Segment | — | $1.2B | $1.5B | $1.6B |
| Financial Service | — | $1.5B | $1.4B | $1.4B |
| Roadbuilding | — | $994.0M | $1.0B | $949.0M |
Deere & Company Annual Revenue by Year
Deere & Company annual revenue history includes year-by-year totals (for example, 2025 revenue was $45.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $45.7B |
| 2024 | $51.7B |
| 2023 | $61.3B |
| 2022 | $52.6B |
Deere & Company Quarterly Revenue & Net Profit History
Deere & Company results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $6.8B | +3.0% | $869.0M | 12.8% |
| Q4 FY2025 | $12.4B | +11.2% | $1.1B | 8.6% |
| Q3 FY2025 | $12.0B | -8.6% | $1.3B | 10.7% |
| Q2 FY2025 | $12.8B | -16.2% | $1.8B | 14.1% |
| Q1 FY2025 | $8.5B | -30.2% | $869.0M | 10.2% |
| Q4 FY2024 | $11.1B | -27.7% | $1.2B | 11.2% |
| Q3 FY2024 | $13.2B | -16.8% | $1.7B | 13.2% |
| Q2 FY2024 | $15.2B | -12.4% | $2.4B | 15.6% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $15.23B | $13.15B | $11.14B | $8.51B | $12.76B | $12.02B | $12.39B | $6.81B |
| YoY Growth | -12.4% | -16.8% | -27.7% | -30.2% | -16.2% | -8.6% | 11.2% | 3.0% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $105.63B | $107.84B | $107.32B | $103.12B | $106.30B | $107.82B | $106.00B | $106.00B |
| Liabilities | $82.84B | $84.69B | $84.39B | $80.56B | $81.92B | $82.55B | $79.99B | $79.99B |
| Equity | $22.68B | $23.06B | $22.84B | $22.48B | $24.29B | $25.18B | $25.95B | $25.96B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $1.85B | $3.19B | $5.09B | $-1.13B | $1.70B | $2.90B | $4.00B |