# DEERE & CO (DE) FY2026 Q2 P&L / Income Statement - Company: DEERE & CO (DE) - Period: 2026-02-02 to 2026-05-03 - Filing: Q2 FY2026 10-Q, filed 2026-05-28, accession number 0001104659-26-067311 - Page: https://plicit.ai/financials/de/fy2026-q2-income-statement - Chart image: https://plicit.ai/charts/de-fy2026-q2-income-statement-sankey.png ## Chart details: Revenue by Product and Service (7 categories) Income statement for 2026-02-02 through 2026-05-03. View: Product and service (7 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 13,369,000,000 US dollars - **Cost of revenue (calculated)**: 8,266,000,000 US dollars - **Gross profit (calculated)**: 5,103,000,000 US dollars - **Operating expenses (calculated)**: 2,810,000,000 US dollars - **Operating profit (calculated)**: 2,293,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 2,293,000,000 US dollars - **Provision for income taxes**: 518,000,000 US dollars - **Net Income**: 1,770,000,000 US dollars - **Production Agriculture**: 4,403,000,000 US dollars - **Small Agriculture**: 2,339,000,000 US dollars - **Turf**: 1,063,000,000 US dollars - **Construction**: 1,514,000,000 US dollars - **Compact Construction**: 653,000,000 US dollars - **Roadbuilding**: 1,270,000,000 US dollars - **Forestry**: 294,000,000 US dollars - **Undisclosed (calculated)**: 1,833,000,000 US dollars - **Cost of sales**: 8,266,000,000 US dollars - **Research and development expenses**: 583,000,000 US dollars - **Selling, administrative and general expenses**: 1,209,000,000 US dollars - **Interest expense**: 712,000,000 US dollars - **Other operating expenses**: 306,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: negative 5,000,000 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: $1.77 B; to noncontrolling interests: −$3.00 M. ## Chart details: Revenue by Geography - Page: https://plicit.ai/financials/de/fy2026-q2-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/de-fy2026-q2-revenue-by-geography-sankey.png Income statement for 2026-02-02 through 2026-05-03. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 13,369,000,000 US dollars - **Cost of revenue (calculated)**: 8,266,000,000 US dollars - **Gross profit (calculated)**: 5,103,000,000 US dollars - **Operating expenses (calculated)**: 2,810,000,000 US dollars - **Operating profit (calculated)**: 2,293,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 2,293,000,000 US dollars - **Provision for income taxes**: 518,000,000 US dollars - **Net Income**: 1,770,000,000 US dollars - **UNITED STATES**: 7,198,000,000 US dollars - **CANADA**: 1,039,000,000 US dollars - **Western Europe**: 2,141,000,000 US dollars - **Central Europe and CIS**: 525,000,000 US dollars - **Latin America**: 1,268,000,000 US dollars - **Asia, Africa, Oceania, and Middle East**: 1,198,000,000 US dollars - **Cost of sales**: 8,266,000,000 US dollars - **Research and development expenses**: 583,000,000 US dollars - **Selling, administrative and general expenses**: 1,209,000,000 US dollars - **Interest expense**: 712,000,000 US dollars - **Other operating expenses**: 306,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: negative 5,000,000 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: $1.77 B; to noncontrolling interests: −$3.00 M. ## Chart details: Revenue by Timing of Transfer - Page: https://plicit.ai/financials/de/fy2026-q2-income-statement/revenue-by-timing-of-transfer - Chart image: https://plicit.ai/charts/de-fy2026-q2-revenue-by-timing-of-transfer-sankey.png Income statement for 2026-02-02 through 2026-05-03. View: Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 13,369,000,000 US dollars - **Cost of revenue (calculated)**: 8,266,000,000 US dollars - **Gross profit (calculated)**: 5,103,000,000 US dollars - **Operating expenses (calculated)**: 2,810,000,000 US dollars - **Operating profit (calculated)**: 2,293,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 2,293,000,000 US dollars - **Provision for income taxes**: 518,000,000 US dollars - **Net Income**: 1,770,000,000 US dollars - **Revenue Recognized at a Point in Time**: 11,853,000,000 US dollars - **Revenue Recognized Over Time**: 1,516,000,000 US dollars - **Cost of sales**: 8,266,000,000 US dollars - **Research and development expenses**: 583,000,000 US dollars - **Selling, administrative and general expenses**: 1,209,000,000 US dollars - **Interest expense**: 712,000,000 US dollars - **Other operating expenses**: 306,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: negative 5,000,000 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: $1.77 B; to noncontrolling interests: −$3.00 M. ## Chart details: Revenue by Product and Service (4 categories) - Page: https://plicit.ai/financials/de/fy2026-q2-income-statement/revenue-by-product-and-service-4-categories - Chart image: https://plicit.ai/charts/de-fy2026-q2-revenue-by-product-and-service-4-categories-sankey.png Income statement for 2026-02-02 through 2026-05-03. View: Product and service (4 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 13,369,000,000 US dollars - **Cost of revenue (calculated)**: 8,266,000,000 US dollars - **Gross profit (calculated)**: 5,103,000,000 US dollars - **Operating expenses (calculated)**: 2,810,000,000 US dollars - **Operating profit (calculated)**: 2,293,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 2,293,000,000 US dollars - **Provision for income taxes**: 518,000,000 US dollars - **Net Income**: 1,770,000,000 US dollars - **Net Sales**: 11,778,000,000 US dollars - **Finance and Interest Income**: 1,262,000,000 US dollars - **Other Income**: 274,000,000 US dollars - **Cost of sales**: 8,266,000,000 US dollars - **Research and development expenses**: 583,000,000 US dollars - **Selling, administrative and general expenses**: 1,209,000,000 US dollars - **Interest expense**: 712,000,000 US dollars - **Other operating expenses**: 306,000,000 US dollars - **Revenue before reconciliation (calculated)**: 13,314,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation. - **Other Income**: 55,000,000 US dollars. Reported reconciliation to consolidated revenue. - **Equity in income (loss) of unconsolidated affiliates**: negative 5,000,000 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: $1.77 B; to noncontrolling interests: −$3.00 M. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/de/fy2026-q2-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/de-fy2026-q2-revenue-by-business-segment-sankey.png Income statement for 2026-02-02 through 2026-05-03. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 13,369,000,000 US dollars - **Cost of revenue (calculated)**: 8,266,000,000 US dollars - **Gross profit (calculated)**: 5,103,000,000 US dollars - **Operating expenses (calculated)**: 2,810,000,000 US dollars - **Operating profit (calculated)**: 2,293,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 2,293,000,000 US dollars - **Provision for income taxes**: 518,000,000 US dollars - **Net Income**: 1,770,000,000 US dollars - **Production & Precision Agriculture (PPA)**: 4,607,000,000 US dollars - **Small Agriculture & Turf (SAT)**: 3,542,000,000 US dollars - **Construction & Forestry (CF)**: 3,854,000,000 US dollars - **Undisclosed (calculated)**: 1,366,000,000 US dollars - **Cost of sales**: 8,266,000,000 US dollars - **Research and development expenses**: 583,000,000 US dollars - **Selling, administrative and general expenses**: 1,209,000,000 US dollars - **Interest expense**: 712,000,000 US dollars - **Other operating expenses**: 306,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: negative 5,000,000 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: $1.77 B; to noncontrolling interests: −$3.00 M. ## Chart details: Revenue by Business Segment by Timing of Transfer - Page: https://plicit.ai/financials/de/fy2026-q2-income-statement/revenue-by-business-segment-by-timing-of-transfer - Chart image: https://plicit.ai/charts/de-fy2026-q2-revenue-by-business-segment-by-timing-of-transfer-sankey.png Income statement for 2026-02-02 through 2026-05-03. 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**: 13,369,000,000 US dollars - **Cost of revenue (calculated)**: 8,266,000,000 US dollars - **Gross profit (calculated)**: 5,103,000,000 US dollars - **Operating expenses (calculated)**: 2,810,000,000 US dollars - **Operating profit (calculated)**: 2,293,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 2,293,000,000 US dollars - **Provision for income taxes**: 518,000,000 US dollars - **Net Income**: 1,770,000,000 US dollars - **Financial Services (FS)**: 1,509,000,000 US dollars - **Construction & Forestry (CF) - Revenue Recognized at a Point in Time**: 3,819,000,000 US dollars - **Construction & Forestry (CF) - Revenue Recognized Over Time**: 35,000,000 US dollars - **Production & Precision Agriculture (PPA) - Revenue Recognized at a Point in Time**: 4,502,000,000 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**: 3,495,000,000 US dollars - **Small Agriculture & Turf (SAT) - Revenue Recognized Over Time**: 47,000,000 US dollars - **Cost of sales**: 8,266,000,000 US dollars - **Research and development expenses**: 583,000,000 US dollars - **Selling, administrative and general expenses**: 1,209,000,000 US dollars - **Interest expense**: 712,000,000 US dollars - **Other operating expenses**: 306,000,000 US dollars - **Revenue before reconciliation (calculated)**: 13,512,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation. - **Components above reported revenue (calculated)**: negative 143,000,000 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**: negative 5,000,000 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: $1.77 B; to noncontrolling interests: −$3.00 M. ## Chart details: Revenue by Business Segment by Product and Service - Page: https://plicit.ai/financials/de/fy2026-q2-income-statement/revenue-by-business-segment-by-product-and-service - Chart image: https://plicit.ai/charts/de-fy2026-q2-revenue-by-business-segment-by-product-and-service-sankey.png Income statement for 2026-02-02 through 2026-05-03. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 13,369,000,000 US dollars - **Cost of revenue (calculated)**: 8,266,000,000 US dollars - **Gross profit (calculated)**: 5,103,000,000 US dollars - **Operating expenses (calculated)**: 2,810,000,000 US dollars - **Operating profit (calculated)**: 2,293,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 2,293,000,000 US dollars - **Provision for income taxes**: 518,000,000 US dollars - **Net Income**: 1,770,000,000 US dollars - **Financial Services (FS)**: 1,509,000,000 US dollars - **Construction & Forestry (CF) - Compact Construction**: 653,000,000 US dollars - **Construction & Forestry (CF) - Construction**: 1,514,000,000 US dollars - **Construction & Forestry (CF) - Forestry**: 294,000,000 US dollars - **Construction & Forestry (CF) - Roadbuilding**: 1,270,000,000 US dollars - **Production & Precision Agriculture (PPA) - Production Agriculture**: 4,403,000,000 US dollars - **Small Agriculture & Turf (SAT) - Small Agriculture**: 2,339,000,000 US dollars - **Small Agriculture & Turf (SAT) - Turf**: 1,063,000,000 US dollars - **Undisclosed (calculated)**: 324,000,000 US dollars - **Cost of sales**: 8,266,000,000 US dollars - **Research and development expenses**: 583,000,000 US dollars - **Selling, administrative and general expenses**: 1,209,000,000 US dollars - **Interest expense**: 712,000,000 US dollars - **Other operating expenses**: 306,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: negative 5,000,000 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: $1.77 B; to noncontrolling interests: −$3.00 M. ## Chart details: Revenue by Product and Service (3 categories) - Page: https://plicit.ai/financials/de/fy2026-q2-income-statement/revenue-by-product-and-service-3-categories - Chart image: https://plicit.ai/charts/de-fy2026-q2-revenue-by-product-and-service-3-categories-sankey.png Income statement for 2026-02-02 through 2026-05-03. View: Product and service (3 categories). Revenue and costs use their disclosed categories. - **Net sales and revenues**: 13,369,000,000 US dollars - **Cost of revenue (calculated)**: 8,266,000,000 US dollars - **Gross profit (calculated)**: 5,103,000,000 US dollars - **Operating expenses (calculated)**: 2,810,000,000 US dollars - **Operating profit (calculated)**: 2,293,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 2,293,000,000 US dollars - **Provision for income taxes**: 518,000,000 US dollars - **Net Income**: 1,770,000,000 US dollars - **Net Sales revenue**: 11,778,000,000 US dollars - **Finance and Interest Income**: 1,314,000,000 US dollars - **Other Income**: 277,000,000 US dollars - **Net Sales cost of revenue**: 8,266,000,000 US dollars - **Research and development expenses**: 583,000,000 US dollars - **Selling, administrative and general expenses**: 1,209,000,000 US dollars - **Interest expense**: 712,000,000 US dollars - **Other operating expenses**: 306,000,000 US dollars - **Equity in income (loss) of unconsolidated affiliates**: negative 5,000,000 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: $1.77 B; to noncontrolling interests: −$3.00 M. ## Chart details: Revenue by Business Segment by Geography - Page: https://plicit.ai/financials/de/fy2026-q2-income-statement/revenue-by-business-segment-by-geography - Chart image: https://plicit.ai/charts/de-fy2026-q2-revenue-by-business-segment-by-geography-sankey.png Income statement for 2026-02-02 through 2026-05-03. View: Segments by Geographical. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Net sales and revenues**: 13,369,000,000 US dollars - **Cost of revenue (calculated)**: 8,266,000,000 US dollars - **Gross profit (calculated)**: 5,103,000,000 US dollars - **Operating expenses (calculated)**: 2,810,000,000 US dollars - **Operating profit (calculated)**: 2,293,000,000 US dollars - **Other income (expense), net (calculated)**: 0 US dollars - **Income of Consolidated Group before Income Taxes**: 2,293,000,000 US dollars - **Provision for income taxes**: 518,000,000 US dollars - **Net Income**: 1,770,000,000 US dollars - **Financial Services (FS)**: 1,509,000,000 US dollars - **Construction & Forestry (CF) - CANADA**: 175,000,000 US dollars - **Construction & Forestry (CF) - UNITED STATES**: 2,317,000,000 US dollars - **Construction & Forestry (CF) - Asia, Africa, Oceania, and Middle East**: 369,000,000 US dollars - **Construction & Forestry (CF) - Central Europe and CIS**: 105,000,000 US dollars - **Construction & Forestry (CF) - Western Europe**: 608,000,000 US dollars - **Construction & Forestry (CF) - Latin America**: 280,000,000 US dollars - **Production & Precision Agriculture (PPA) - CANADA**: 487,000,000 US dollars - **Production & Precision Agriculture (PPA) - UNITED STATES**: 2,012,000,000 US dollars - **Production & Precision Agriculture (PPA) - Asia, Africa, Oceania, and Middle East**: 329,000,000 US dollars - **Production & Precision Agriculture (PPA) - Central Europe and CIS**: 297,000,000 US dollars - **Production & Precision Agriculture (PPA) - Western Europe**: 654,000,000 US dollars - **Production & Precision Agriculture (PPA) - Latin America**: 828,000,000 US dollars - **Small Agriculture & Turf (SAT) - CANADA**: 187,000,000 US dollars - **Small Agriculture & Turf (SAT) - UNITED STATES**: 1,833,000,000 US dollars - **Small Agriculture & Turf (SAT) - Asia, Africa, Oceania, and Middle East**: 446,000,000 US dollars - **Small Agriculture & Turf (SAT) - Central Europe and CIS**: 121,000,000 US dollars - **Small Agriculture & Turf (SAT) - Western Europe**: 827,000,000 US dollars - **Small Agriculture & Turf (SAT) - Latin America**: 128,000,000 US dollars - **Cost of sales**: 8,266,000,000 US dollars - **Research and development expenses**: 583,000,000 US dollars - **Selling, administrative and general expenses**: 1,209,000,000 US dollars - **Interest expense**: 712,000,000 US dollars - **Other operating expenses**: 306,000,000 US dollars - **Revenue before reconciliation (calculated)**: 13,512,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation. - **Components above reported revenue (calculated)**: negative 143,000,000 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**: negative 5,000,000 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: $1.77 B; to noncontrolling interests: −$3.00 M.