Polaris Inc. income statement

In fiscal 2025, Polaris Inc. reported revenue of $7.15bn, down 0.3% on the year before, operating income of −$349m (a -4.9% margin) and net income of −$466m, or −$8.18 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$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Polaris Inc.: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Revenue	1,566	1,991	2,657	3,210	3,777	4,480	4,719	4,517	5,428	6,079	6,783	6,281	7,439	8,589	8,934	7,175	7,152	7,646
Cost of revenue	—	—	—	—	—	—	—	3,411	4,104	4,577	5,134	4,746	5,688	6,630	6,975	5,709	5,783	6,016
Gross profit	393	530	741	925	1,121	1,319	1,339	1,106	1,325	1,501	1,649	1,536	1,751	1,960	1,960	1,467	1,369	1,630
Research and development	63	85	106	127	139	148	166	185	238	260	293	288	329	367	374	337	372	370
Selling and marketing	111	142	179	210	270	314	317	342	472	492	559	430	458	481	542	500	505	487
General and administrative	71	99	130	143	179	203	209	306	331	350	394	296	306	356	423	437	542	660
Operating income	165	221	350	478	578	715	716	350	360	487	484	521	712	805	701	291	−349	−137
Interest expense	4	3	4	6	6	11	11	16	32	57	78	67	44	72	125	137	131	123
Income before tax	151	219	347	480	574	699	686	313	319	429	408	450	629	761	620	141	−533	−225
Income tax	50	71	119	168	193	245	230	100	146	94	84	90	132	158	118	30	−68	−20
Net income	101	147	228	312	377	454	455	213	172	335	324	125	494	447	503	111	−466	−206
Diluted EPS	$1.53	$2.14	$3.20	$4.40	$5.35	$6.65	$6.75	$3.27	$2.69	$5.24	$5.20	$1.99	$7.88	$7.44	$8.71	$1.95	−$8.18	−$3.57
Diluted shares (average)	66m	69m	71m	71m	71m	68m	67m	65m	64m	64m	62m	63m	63m	60m	58m	57m	57m	58m
EBITDA	230	287	416	549	670	842	868	518	551	698	718	757	928	1,037	960	577	−62	118

US$ millions unless shown otherwise. Fiscal quarters.

Polaris Inc.: income statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Revenue	1,755	1,536	1,853	1,842	1,922	1,659	2,023	2,043
Cost of revenue	1,398	1,291	1,494	1,461	1,538	1,324	1,545	1,610
Gross profit	358	245	359	380	384	335	478	432
Research and development	78	83	90	93	106	82	94	88
Selling and marketing	114	118	125	127	136	114	112	125
General and administrative	126	103	127	118	194	163	143	161
Operating income	66	−36	−13	20	−320	−39	149	73
Interest expense	34	34	33	33	31	30	34	28
Income before tax	12	−71	−93	−12	−357	−58	133	56
Income tax	1	−4	−14	4	−54	−11	27	18
Net income	11	−67	−79	−16	−304	−47	106	38
Diluted EPS	$0.19	−$1.17	−$1.39	−$0.28	−$5.34	−$0.83	$1.82	$0.66
EBITDA	145	37	54	87	−253	24	210	136

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 Polaris Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Polaris Inc.