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
DateValue
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