Caterpillar (CAT) Interest Expenses (2009 - 2026)

For the trailing twelve months through Jun 30, 2026, Interest Expenses at Caterpillar was $1.93 billion, up 6.8% year-over-year; for FY2025, it was $1.86 billion, up 3.5% from FY2024.

• Annual Interest Expenses has increased for four consecutive years, with a five-year compound annual growth rate of 11.0% (FY2020 to FY2025).
• In prior years, Caterpillar's Interest Expenses was $1.8 billion in FY2024 (+16.7%), $1.54 billion in FY2023 (+52.9%), $1.01 billion in FY2022 (+6.9%) and $943 million in FY2021 (-14.5%).
• The Q2 2026 figure stands as the highest quarterly Interest Expenses in data going back to Q1 2009.
• On a year-over-year basis, Interest Expenses has increased in each of the last 16 quarters, with growth averaging 6.3% over the last eight quarters.
• The strongest year-over-year quarter for Interest Expenses in the past five years was Q2 2023, with growth of 63.2%; the weakest was Q1 2022, with a decline of 19.5%.
• According to Business Quant data, Interest Expenses for the three prior quarters was $479 million (Q1 2026), $478 million (Q4 2025) and $479 million (Q3 2025).