Harley-Davidson (HOG) Operating Expenses (2009 - 2026)
Harley-Davidson (HOG) posted Operating Expenses of $1.1 billion for Q1 2026, up 34.04% sequentially from $857.2 million in Q4 2025, and down 1.68% YoY from $1.2 billion in Q1 2025.
Harley-Davidson (HOG) Operating Expenses (2009 - 2026) Analysis & Trends
Harley-Davidson has reported Operating Expenses for 18 years, with the latest figure at $1.1 billion in Q1 2026.
- Quarterly Operating Expenses fell 1.68% year-over-year to $1.1 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.1 billion (down 9.07% YoY) and the FY2025 annual result came in at $4.1 billion, down 14.33% from the prior year.
- Operating Expenses climbed to $1.1 billion in Q1 2026 per HOG's latest filing, from $857.2 million in the prior quarter.
- Over five years, Operating Expenses peaked at $1.5 billion in Q1 2024 and troughed at $857.2 million in Q4 2025.
- A 5-year average of $1.2 billion and a median of $1.2 billion in 2022 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses gained 17.67% in 2023, then decreased 22.01% in 2024.
- Over 5 years, Operating Expenses stood at $1.1 billion in 2022, then slipped by 5.64% to $1.1 billion in 2023, then retreated by 18.0% to $881.0 million in 2024, then declined by 2.69% to $857.2 million in 2025, then jumped by 34.04% to $1.1 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $1.1 billion, $857.2 million, and $866.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brp | 4.89 Bn | 4.33 Bn | 409.69 Mn | 245.19 Mn |
| 2 | Thor Industries | 4.11 Bn | 3.74 Bn | 354.77 Mn | 230.93 Mn |
| 3 | Polaris | 3.68 Bn | 3.38 Bn | - | - |
| 4 | Harley-Davidson | 2.89 Bn | 998.64 Mn | 421.12 Mn | 1.15 Bn |
| 5 | Patrick Industries | 2.73 Bn | 2.70 Bn | 247.58 Mn | 170.54 Mn |
| 6 | Lci Industries | 2.58 Bn | 2.36 Bn | 301.14 Mn | 143.84 Mn |
| 7 | Brunswick | 1.55 Bn | 1.24 Bn | 437.80 Mn | 308.40 Mn |
| 8 | Winnebago Industries | 914.51 Mn | 857.41 Mn | 94.90 Mn | 71.90 Mn |
| 9 | Malibu Boats | 549.32 Mn | 499.15 Mn | 41.28 Mn | 40.11 Mn |
| 10 | MasterCraft Boat Holdings | 395.82 Mn | 311.20 Mn | 19.54 Mn | 20.84 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.15 Bn |
| Mar 31, 2026 | 1.15 Bn |
| Dec 31, 2025 | 857.22 Mn |
| Sep 30, 2025 | 865.95 Mn |
| Jun 30, 2025 | 1.19 Bn |
| Mar 31, 2025 | 1.17 Bn |
| Dec 31, 2024 | 880.96 Mn |
| Sep 30, 2024 | 1.04 Bn |
| Jun 30, 2024 | 1.38 Bn |
| Mar 31, 2024 | 1.47 Bn |
| Dec 31, 2023 | 1.07 Bn |
| Sep 30, 2023 | 1.34 Bn |
| Jun 30, 2023 | 1.22 Bn |
| Mar 31, 2023 | 1.42 Bn |
| Dec 31, 2022 | 1.14 Bn |
| Sep 25, 2022 | 1.31 Bn |
| Jun 26, 2022 | 1.19 Bn |
| Mar 27, 2022 | 1.21 Bn |
| Dec 31, 2021 | 1.02 Bn |
| Sep 26, 2021 | 1.16 Bn |