CNH Industrial (CNH) Operating Expenses (2021 - 2026)
CNH Industrial (CNH) reported Operating Expenses of $701.0 million for Q1 2026, up 21.7% on a YoY basis from $576.0 million in Q1 2025, and down 12.92% quarter-over-quarter from $805.0 million in Q4 2025.
CNH Industrial (CNH) Operating Expenses (2021 - 2026) Analysis & Trends
CNH Industrial has reported Operating Expenses for 6 years, with the latest figure at $701.0 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 21.7% year-over-year to $701.0 million; the trailing twelve-month figure through Mar 2026 stood at $3.0 billion (up 9.87% YoY), and the FY2025 full-year result was $2.9 billion, up 6.14% from the prior year.
- Operating Expenses for Q1 2026 stood at $701.0 million, down from $805.0 million in the prior quarter.
- The five-year high for Operating Expenses was $833.0 million in Q3 2025, with the low at $564.0 million in Q1 2022.
- Historically, Operating Expenses has averaged $711.6 million across 5 years, with a median of $701.0 million in 2025.
- The largest YoY upside for Operating Expenses was 26.4% in 2025 against a maximum downside of 14.03% in 2025.
- CNH Industrial's Operating Expenses stood at $797.0 million in 2022, then gained by 1.88% to $812.0 million in 2023, then dropped by 3.57% to $783.0 million in 2024, then grew by 2.81% to $805.0 million in 2025, then retreated by 12.92% to $701.0 million in 2026.
- The last three Operating Expenses figures came in at $701.0 million (Q1 2026), $805.0 million (Q4 2025), and $833.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Caterpillar | 424.10 Bn | 420.03 Bn | 6.11 Bn | 14.33 Bn |
| 2 | Deere | 156.25 Bn | 148.36 Bn | 13.06 Bn | 11.08 Bn |
| 3 | Paccar | 63.14 Bn | 62.45 Bn | 1.36 Bn | 5.65 Bn |
| 4 | Oshkosh | 8.32 Bn | 8.07 Bn | 311.90 Mn | 229.90 Mn |
| 5 | Terex | 6.12 Bn | 5.73 Bn | 206.00 Mn | 241.00 Mn |
| 6 | Blue Bird | 2.24 Bn | 1.97 Bn | 70.65 Mn | 31.53 Mn |
| 7 | Alamo | 1.85 Bn | 1.65 Bn | 104.81 Mn | 57.77 Mn |
| 8 | Lindsay | 1.21 Bn | 1.02 Bn | 42.35 Mn | 29.34 Mn |
| 9 | Astec Industries | 1.18 Bn | 1.11 Bn | 99.10 Mn | 90.20 Mn |
| 10 | CNH Industrial | - | - | 565.00 Mn | 701.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 701.00 Mn |
| Dec 31, 2025 | 805.00 Mn |
| Sep 30, 2025 | 833.00 Mn |
| Jun 30, 2025 | 701.00 Mn |
| Mar 31, 2025 | 576.00 Mn |
| Dec 31, 2024 | 783.00 Mn |
| Sep 30, 2024 | 659.00 Mn |
| Jun 30, 2024 | 749.00 Mn |
| Mar 31, 2024 | 670.00 Mn |
| Dec 31, 2023 | 812.00 Mn |
| Sep 30, 2023 | 733.00 Mn |
| Jun 30, 2023 | 756.00 Mn |
| Mar 31, 2023 | 670.00 Mn |
| Dec 31, 2022 | 797.00 Mn |
| Sep 30, 2022 | 646.00 Mn |
| Jun 30, 2022 | 642.00 Mn |
| Mar 31, 2022 | 564.00 Mn |
| Dec 31, 2021 | 634.00 Mn |
| Sep 30, 2021 | 521.00 Mn |