Deere & Company income statement

In fiscal 2025, Deere & Company reported revenue of $45.68bn, down 11.7% on the year before and net income of $5.03bn, or $18.50 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Deere & Company: income statement, annual
Fiscal year	2009Oct 2009	2010Oct 2010	2011Oct 2011	2012Oct 2012	2013Oct 2013	2014Oct 2014	2015Nov 2015	2016Oct 2016	2017Oct 2017	2018Oct 2018	2019Nov 2019	2020Nov 2020	2021Oct 2021	2022Oct 2022	2023Oct 2023	2024Oct 2024	2025Nov 2025	LTMAug 2026
Revenue	23.1	26.0	32.0	36.2	37.8	36.1	28.9	26.6	29.7	37.4	39.3	35.5	44.0	52.6	61.3	51.7	45.7	48.0
Research and development	1.0	1.1	1.2	1.4	1.5	1.5	1.4	1.4	1.4	1.7	1.8	1.6	1.6	1.9	2.2	2.3	2.3	2.4
Selling, general and administrative	2.8	3.0	3.2	3.4	3.6	3.3	2.9	2.8	3.1	3.5	3.6	3.5	3.4	3.9	4.6	4.8	4.7	4.7
Operating income	1.6	3.4	4.6	5.1	5.9	5.2	3.1	2.6	3.6	4.5	4.4	4.3	8.0	9.5	13.0	9.0	—	—
Interest expense	1.0	0.8	0.8	0.8	0.7	0.7	0.7	0.8	0.9	1.2	1.5	1.2	1.0	1.1	2.5	3.3	3.2	2.9
Provision for credit losses	—	0.1	0.0	0.0	−0.0	0.0	0.0	0.1	0.1	0.1	0.0	0.1	−0.0	0.2	−0.0	0.3	0.3	0.2
Income before tax	1.3	3.0	4.2	4.7	5.5	4.8	2.8	2.2	3.2	4.1	4.1	3.9	7.6	9.1	13.0	9.2	6.3	6.4
Income tax	0.5	1.2	1.4	1.7	1.9	1.6	0.8	0.7	1.0	1.7	0.9	1.1	1.7	2.0	2.9	2.1	1.3	1.6
Net income	0.9	1.9	2.8	3.1	3.5	3.2	1.9	1.5	2.2	2.4	3.3	2.8	6.0	7.1	10.2	7.1	5.0	4.9
Diluted EPS	$2.06	$4.35	$6.63	$7.63	$9.09	$8.63	$5.77	$4.81	$6.68	$7.24	$10.15	$8.69	$18.99	$23.28	$34.63	$25.62	$18.50	$17.99
Diluted shares (average)	424m	429m	422m	402m	389m	366m	336m	317m	323m	327m	321m	317m	314m	306m	294m	277m	272m	271m
EBITDA	2.5	4.3	5.5	6.1	7.1	6.5	4.5	4.2	5.3	6.4	6.4	6.4	10.1	11.4	15.0	11.2	—	—

US$ billions unless shown otherwise. Fiscal quarters.

Deere & Company: income statement, quarterly
Quarter	2024 Q4Oct 2024	2025 Q1Jan 2025	2025 Q2Apr 2025	2025 Q3Jul 2025	2025 Q4Nov 2025	2026 Q1Feb 2026	2026 Q2May 2026	2026 Q3Aug 2026
Revenue	11.1	8.5	12.8	12.0	12.4	9.6	13.4	12.6
Research and development	0.6	0.5	0.5	0.6	0.7	0.6	0.6	0.6
Selling, general and administrative	1.2	1.0	1.2	1.2	1.3	1.0	1.2	1.2
Interest expense	0.9	0.8	0.8	0.8	0.8	0.7	0.7	0.7
Provision for credit losses	0.1	0.1	0.1	0.1	0.0	0.0	0.1	0.1
Income before tax	1.5	0.9	2.3	1.6	1.4	0.8	2.3	1.9
Income tax	0.2	0.0	0.5	0.3	0.4	0.2	0.5	0.5
Net income	1.2	0.9	1.8	1.3	1.1	0.7	1.8	1.4
Diluted EPS	$4.58	$3.19	$6.64	$4.75	$3.93	$2.42	$6.55	$5.10

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Deere & Company's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Deere & Company.