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Harley-Davidson (HOG) Operating Expenses (2016 - 2025)

Harley-Davidson's Operating Expenses history spans 17 years, with the latest figure at $857.2 million for Q4 2025.

  • For Q4 2025, Operating Expenses fell 2.69% year-over-year to $857.2 million; the TTM value through Dec 2025 reached $4.1 billion, down 14.33%, while the annual FY2025 figure was $4.1 billion, 14.33% down from the prior year.
  • Operating Expenses for Q4 2025 was $857.2 million at Harley-Davidson, down from $866.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $1.5 billion in Q1 2024 and bottomed at $857.2 million in Q4 2025.
  • The 5-year median for Operating Expenses is $1.2 billion (2022), against an average of $1.2 billion.
  • The largest annual shift saw Operating Expenses grew 27.55% in 2021 before it dropped 22.01% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $1.0 billion in 2021, then rose by 11.22% to $1.1 billion in 2022, then decreased by 5.64% to $1.1 billion in 2023, then fell by 18.0% to $881.0 million in 2024, then dropped by 2.69% to $857.2 million in 2025.
  • Per Business Quant, the three most recent readings for HOG's Operating Expenses are $857.2 million (Q4 2025), $866.0 million (Q3 2025), and $1.2 billion (Q2 2025).