# DEERE & CO (DE) FY2026 Q1 P&L / Income Statement - Company: DEERE & CO (DE) - Period: 2025-11-03 to 2026-02-01 - Filing: Q1 FY2026 10-Q, filed 2026-02-26, accession number 0001104659-26-020158 - Page: https://plicit.ai/financials/de/fy2026-q1-income-statement - Chart image: https://plicit.ai/charts/de-fy2026-q1-income-statement-sankey.png ## Chart details: Revenue by Product and Service (7 categories) Income statement for 2025-11-03 through 2026-02-01. View: Product and service (7 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 9,611,000,000 US dollars - **Cost of revenue (calculated)**: 6,280,000,000 US dollars - **Gross profit (calculated)**: 3,331,000,000 US dollars - **Operating expenses (calculated)**: 2,495,000,000 US dollars - **Operating profit (calculated)**: 836,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 836,000,000 US dollars - **Provision for income taxes**: 196,000,000 US dollars - **Net Income**: 655,000,000 US dollars - **Production Agriculture**: 3,093,000,000 US dollars - **Small Agriculture**: 1,527,000,000 US dollars - **Turf**: 576,000,000 US dollars - **Construction**: 1,111,000,000 US dollars - **Compact Construction**: 468,000,000 US dollars - **Roadbuilding**: 772,000,000 US dollars - **Forestry**: 269,000,000 US dollars - **Undisclosed (calculated)**: 1,795,000,000 US dollars - **Cost of sales**: 6,280,000,000 US dollars - **Research and development expenses**: 554,000,000 US dollars - **Selling, administrative and general expenses**: 972,000,000 US dollars - **Interest expense**: 719,000,000 US dollars - **Other operating expenses**: 250,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: 15,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Of which attributable to DEERE & CO: $656.00 M; to noncontrolling interests: −$1.00 M. ## Chart details: Revenue by Geography - Page: https://plicit.ai/financials/de/fy2026-q1-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/de-fy2026-q1-revenue-by-geography-sankey.png Income statement for 2025-11-03 through 2026-02-01. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 9,611,000,000 US dollars - **Cost of revenue (calculated)**: 6,280,000,000 US dollars - **Gross profit (calculated)**: 3,331,000,000 US dollars - **Operating expenses (calculated)**: 2,495,000,000 US dollars - **Operating profit (calculated)**: 836,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 836,000,000 US dollars - **Provision for income taxes**: 196,000,000 US dollars - **Net Income**: 655,000,000 US dollars - **UNITED STATES**: 4,960,000,000 US dollars - **CANADA**: 826,000,000 US dollars - **Western Europe**: 1,430,000,000 US dollars - **Central Europe and CIS**: 310,000,000 US dollars - **Latin America**: 1,042,000,000 US dollars - **Asia, Africa, Oceania, and Middle East**: 1,043,000,000 US dollars - **Cost of sales**: 6,280,000,000 US dollars - **Research and development expenses**: 554,000,000 US dollars - **Selling, administrative and general expenses**: 972,000,000 US dollars - **Interest expense**: 719,000,000 US dollars - **Other operating expenses**: 250,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: 15,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Of which attributable to DEERE & CO: $656.00 M; to noncontrolling interests: −$1.00 M. ## Chart details: Revenue by Timing of Transfer - Page: https://plicit.ai/financials/de/fy2026-q1-income-statement/revenue-by-timing-of-transfer - Chart image: https://plicit.ai/charts/de-fy2026-q1-revenue-by-timing-of-transfer-sankey.png Income statement for 2025-11-03 through 2026-02-01. View: Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 9,611,000,000 US dollars - **Cost of revenue (calculated)**: 6,280,000,000 US dollars - **Gross profit (calculated)**: 3,331,000,000 US dollars - **Operating expenses (calculated)**: 2,495,000,000 US dollars - **Operating profit (calculated)**: 836,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 836,000,000 US dollars - **Provision for income taxes**: 196,000,000 US dollars - **Net Income**: 655,000,000 US dollars - **Revenue Recognized at a Point in Time**: 8,066,000,000 US dollars - **Revenue Recognized Over Time**: 1,545,000,000 US dollars - **Cost of sales**: 6,280,000,000 US dollars - **Research and development expenses**: 554,000,000 US dollars - **Selling, administrative and general expenses**: 972,000,000 US dollars - **Interest expense**: 719,000,000 US dollars - **Other operating expenses**: 250,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: 15,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Of which attributable to DEERE & CO: $656.00 M; to noncontrolling interests: −$1.00 M. ## Chart details: Revenue by Product and Service (4 categories) - Page: https://plicit.ai/financials/de/fy2026-q1-income-statement/revenue-by-product-and-service-4-categories - Chart image: https://plicit.ai/charts/de-fy2026-q1-revenue-by-product-and-service-4-categories-sankey.png Income statement for 2025-11-03 through 2026-02-01. View: Product and service (4 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 9,611,000,000 US dollars - **Cost of revenue (calculated)**: 6,280,000,000 US dollars - **Gross profit (calculated)**: 3,331,000,000 US dollars - **Operating expenses (calculated)**: 2,495,000,000 US dollars - **Operating profit (calculated)**: 836,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 836,000,000 US dollars - **Provision for income taxes**: 196,000,000 US dollars - **Net Income**: 655,000,000 US dollars - **Net Sales**: 8,001,000,000 US dollars - **Finance and Interest Income**: 1,287,000,000 US dollars - **Other Income**: 265,000,000 US dollars - **Cost of sales**: 6,280,000,000 US dollars - **Research and development expenses**: 554,000,000 US dollars - **Selling, administrative and general expenses**: 972,000,000 US dollars - **Interest expense**: 719,000,000 US dollars - **Other operating expenses**: 250,000,000 US dollars - **Revenue before reconciliation (calculated)**: 9,553,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation. - **Other Income**: 58,000,000 US dollars. Reported reconciliation to consolidated revenue. - **Equity in income (loss) of unconsolidated affiliates**: 15,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue. - Of which attributable to DEERE & CO: $656.00 M; to noncontrolling interests: −$1.00 M. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/de/fy2026-q1-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/de-fy2026-q1-revenue-by-business-segment-sankey.png Income statement for 2025-11-03 through 2026-02-01. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 9,611,000,000 US dollars - **Cost of revenue (calculated)**: 6,280,000,000 US dollars - **Gross profit (calculated)**: 3,331,000,000 US dollars - **Operating expenses (calculated)**: 2,495,000,000 US dollars - **Operating profit (calculated)**: 836,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 836,000,000 US dollars - **Provision for income taxes**: 196,000,000 US dollars - **Net Income**: 655,000,000 US dollars - **Production & Precision Agriculture (PPA)**: 3,269,000,000 US dollars - **Small Agriculture & Turf (SAT)**: 2,224,000,000 US dollars - **Construction & Forestry (CF)**: 2,734,000,000 US dollars - **Undisclosed (calculated)**: 1,384,000,000 US dollars - **Cost of sales**: 6,280,000,000 US dollars - **Research and development expenses**: 554,000,000 US dollars - **Selling, administrative and general expenses**: 972,000,000 US dollars - **Interest expense**: 719,000,000 US dollars - **Other operating expenses**: 250,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: 15,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Of which attributable to DEERE & CO: $656.00 M; to noncontrolling interests: −$1.00 M. ## Chart details: Revenue by Business Segment by Timing of Transfer - Page: https://plicit.ai/financials/de/fy2026-q1-income-statement/revenue-by-business-segment-by-timing-of-transfer - Chart image: https://plicit.ai/charts/de-fy2026-q1-revenue-by-business-segment-by-timing-of-transfer-sankey.png Income statement for 2025-11-03 through 2026-02-01. View: Segments by Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 9,611,000,000 US dollars - **Cost of revenue (calculated)**: 6,280,000,000 US dollars - **Gross profit (calculated)**: 3,331,000,000 US dollars - **Operating expenses (calculated)**: 2,495,000,000 US dollars - **Operating profit (calculated)**: 836,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 836,000,000 US dollars - **Provision for income taxes**: 196,000,000 US dollars - **Net Income**: 655,000,000 US dollars - **Financial Services (FS)**: 1,488,000,000 US dollars - **Construction & Forestry (CF) - Revenue Recognized at a Point in Time**: 2,695,000,000 US dollars - **Construction & Forestry (CF) - Revenue Recognized Over Time**: 39,000,000 US dollars - **Production & Precision Agriculture (PPA) - Revenue Recognized at a Point in Time**: 3,164,000,000 US dollars - **Production & Precision Agriculture (PPA) - Revenue Recognized Over Time**: 105,000,000 US dollars - **Small Agriculture & Turf (SAT) - Revenue Recognized at a Point in Time**: 2,174,000,000 US dollars - **Small Agriculture & Turf (SAT) - Revenue Recognized Over Time**: 50,000,000 US dollars - **Cost of sales**: 6,280,000,000 US dollars - **Research and development expenses**: 554,000,000 US dollars - **Selling, administrative and general expenses**: 972,000,000 US dollars - **Interest expense**: 719,000,000 US dollars - **Other operating expenses**: 250,000,000 US dollars - **Revenue before reconciliation (calculated)**: 9,715,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation. - **Components above reported revenue (calculated)**: negative 104,000,000 US dollars. The disclosed components add up to more than reported revenue; this is the difference, calculated, not a reported item. - **Equity in income (loss) of unconsolidated affiliates**: 15,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue. - Of which attributable to DEERE & CO: $656.00 M; to noncontrolling interests: −$1.00 M. ## Chart details: Revenue by Business Segment by Product and Service - Page: https://plicit.ai/financials/de/fy2026-q1-income-statement/revenue-by-business-segment-by-product-and-service - Chart image: https://plicit.ai/charts/de-fy2026-q1-revenue-by-business-segment-by-product-and-service-sankey.png Income statement for 2025-11-03 through 2026-02-01. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 9,611,000,000 US dollars - **Cost of revenue (calculated)**: 6,280,000,000 US dollars - **Gross profit (calculated)**: 3,331,000,000 US dollars - **Operating expenses (calculated)**: 2,495,000,000 US dollars - **Operating profit (calculated)**: 836,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 836,000,000 US dollars - **Provision for income taxes**: 196,000,000 US dollars - **Net Income**: 655,000,000 US dollars - **Financial Services (FS)**: 1,488,000,000 US dollars - **Construction & Forestry (CF) - Compact Construction**: 468,000,000 US dollars - **Construction & Forestry (CF) - Construction**: 1,111,000,000 US dollars - **Construction & Forestry (CF) - Forestry**: 269,000,000 US dollars - **Construction & Forestry (CF) - Roadbuilding**: 772,000,000 US dollars - **Production & Precision Agriculture (PPA) - Production Agriculture**: 3,093,000,000 US dollars - **Small Agriculture & Turf (SAT) - Small Agriculture**: 1,527,000,000 US dollars - **Small Agriculture & Turf (SAT) - Turf**: 576,000,000 US dollars - **Undisclosed (calculated)**: 307,000,000 US dollars - **Cost of sales**: 6,280,000,000 US dollars - **Research and development expenses**: 554,000,000 US dollars - **Selling, administrative and general expenses**: 972,000,000 US dollars - **Interest expense**: 719,000,000 US dollars - **Other operating expenses**: 250,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: 15,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Of which attributable to DEERE & CO: $656.00 M; to noncontrolling interests: −$1.00 M. ## Chart details: Revenue by Product and Service (3 categories) - Page: https://plicit.ai/financials/de/fy2026-q1-income-statement/revenue-by-product-and-service-3-categories - Chart image: https://plicit.ai/charts/de-fy2026-q1-revenue-by-product-and-service-3-categories-sankey.png Income statement for 2025-11-03 through 2026-02-01. View: Product and service (3 categories). Revenue and costs use their disclosed categories. - **Net sales and revenues**: 9,611,000,000 US dollars - **Cost of revenue (calculated)**: 6,280,000,000 US dollars - **Gross profit (calculated)**: 3,331,000,000 US dollars - **Operating expenses (calculated)**: 2,495,000,000 US dollars - **Operating profit (calculated)**: 836,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 836,000,000 US dollars - **Provision for income taxes**: 196,000,000 US dollars - **Net Income**: 655,000,000 US dollars - **Net Sales revenue**: 8,001,000,000 US dollars - **Finance and Interest Income**: 1,343,000,000 US dollars - **Other Income**: 267,000,000 US dollars - **Net Sales cost of revenue**: 6,280,000,000 US dollars - **Research and development expenses**: 554,000,000 US dollars - **Selling, administrative and general expenses**: 972,000,000 US dollars - **Interest expense**: 719,000,000 US dollars - **Other operating expenses**: 250,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: 15,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Of which attributable to DEERE & CO: $656.00 M; to noncontrolling interests: −$1.00 M. ## Chart details: Revenue by Business Segment by Geography - Page: https://plicit.ai/financials/de/fy2026-q1-income-statement/revenue-by-business-segment-by-geography - Chart image: https://plicit.ai/charts/de-fy2026-q1-revenue-by-business-segment-by-geography-sankey.png Income statement for 2025-11-03 through 2026-02-01. View: Segments by Geographical. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 9,611,000,000 US dollars - **Cost of revenue (calculated)**: 6,280,000,000 US dollars - **Gross profit (calculated)**: 3,331,000,000 US dollars - **Operating expenses (calculated)**: 2,495,000,000 US dollars - **Operating profit (calculated)**: 836,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 836,000,000 US dollars - **Provision for income taxes**: 196,000,000 US dollars - **Net Income**: 655,000,000 US dollars - **Financial Services (FS)**: 1,488,000,000 US dollars - **Construction & Forestry (CF) - CANADA**: 136,000,000 US dollars - **Construction & Forestry (CF) - UNITED STATES**: 1,577,000,000 US dollars - **Construction & Forestry (CF) - Asia, Africa, Oceania, and Middle East**: 288,000,000 US dollars - **Construction & Forestry (CF) - Central Europe and CIS**: 76,000,000 US dollars - **Construction & Forestry (CF) - Western Europe**: 426,000,000 US dollars - **Construction & Forestry (CF) - Latin America**: 231,000,000 US dollars - **Production & Precision Agriculture (PPA) - CANADA**: 398,000,000 US dollars - **Production & Precision Agriculture (PPA) - UNITED STATES**: 1,226,000,000 US dollars - **Production & Precision Agriculture (PPA) - Asia, Africa, Oceania, and Middle East**: 325,000,000 US dollars - **Production & Precision Agriculture (PPA) - Central Europe and CIS**: 172,000,000 US dollars - **Production & Precision Agriculture (PPA) - Western Europe**: 464,000,000 US dollars - **Production & Precision Agriculture (PPA) - Latin America**: 684,000,000 US dollars - **Small Agriculture & Turf (SAT) - CANADA**: 101,000,000 US dollars - **Small Agriculture & Turf (SAT) - UNITED STATES**: 1,106,000,000 US dollars - **Small Agriculture & Turf (SAT) - Asia, Africa, Oceania, and Middle East**: 376,000,000 US dollars - **Small Agriculture & Turf (SAT) - Central Europe and CIS**: 60,000,000 US dollars - **Small Agriculture & Turf (SAT) - Western Europe**: 486,000,000 US dollars - **Small Agriculture & Turf (SAT) - Latin America**: 95,000,000 US dollars - **Cost of sales**: 6,280,000,000 US dollars - **Research and development expenses**: 554,000,000 US dollars - **Selling, administrative and general expenses**: 972,000,000 US dollars - **Interest expense**: 719,000,000 US dollars - **Other operating expenses**: 250,000,000 US dollars - **Revenue before reconciliation (calculated)**: 9,715,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation. - **Components above reported revenue (calculated)**: negative 104,000,000 US dollars. The disclosed components add up to more than reported revenue; this is the difference, calculated, not a reported item. - **Equity in income (loss) of unconsolidated affiliates**: 15,000,000 US dollars. Reported below-tax contribution to net income. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income. - Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue. - Of which attributable to DEERE & CO: $656.00 M; to noncontrolling interests: −$1.00 M.