Deere (DE) Operating Expenses (2009 - 2026)

Deere (DE) recorded quarterly Operating Expenses of $11.1 billion in Q2 2026, up 26.22% quarter-over-quarter from $8.8 billion in Q1 2026, and up 6.23% on a YoY basis from $10.4 billion in Q2 2025.

Deere (DE) Operating Expenses (2009 - 2026) Analysis & Trends

Deere's Operating Expenses history runs 18 years deep, the most recent figure standing at $11.1 billion for Q2 2026.

  • In Q2 2026, Operating Expenses rose 6.23% year-over-year to $11.1 billion; the TTM figure through May 2026 stood at $41.2 billion (up 7.22% YoY), while the FY2025 annual figure was $39.4 billion, down 7.25% from the prior year.
  • Operating Expenses was $11.1 billion for Q2 2026 at Deere, up from $8.8 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $13.5 billion in Q2 2023 to a low of $7.6 billion in Q1 2025.
  • Historically, Operating Expenses has averaged $10.7 billion across 5 years, with a median of $10.8 billion in 2022.
  • The sharpest annual moves came in 2022 and 2025: Operating Expenses surged 30.23% in 2022, then retreated 23.64% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $12.7 billion in 2022, then slipped by 2.47% to $12.3 billion in 2023, then decreased by 22.0% to $9.6 billion in 2024, then grew by 13.96% to $11.0 billion in 2025, then climbed by 0.98% to $11.1 billion in 2026.
  • The last three Operating Expenses figures came in at $11.1 billion (Q2 2026), $8.8 billion (Q1 2026), and $11.0 billion (Q4 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 Hyster-Yale 619.64 Mn 623.94 Mn 124.80 Mn 152.80 Mn

Historic Data

Download Data
DateValue
May 3, 2026 11.08 Bn
Feb 1, 2026 8.78 Bn
Nov 2, 2025 10.97 Bn
Jul 27, 2025 10.42 Bn
Apr 27, 2025 10.43 Bn
Jan 26, 2025 7.61 Bn
Oct 27, 2024 9.63 Bn
Jul 28, 2024 10.80 Bn
Apr 28, 2024 12.12 Bn
Jan 28, 2024 9.97 Bn
Oct 29, 2023 12.34 Bn
Jul 30, 2023 12.20 Bn
Apr 30, 2023 13.54 Bn
Jan 29, 2023 10.16 Bn
Oct 30, 2022 12.65 Bn
Jul 31, 2022 11.56 Bn
May 1, 2022 10.82 Bn
Jan 30, 2022 8.42 Bn
Oct 31, 2021 9.71 Bn
Aug 1, 2021 9.38 Bn