Harley-Davidson HOG
NYSE HOG
$26.74 -0.44 (-1.62%)
As of: Sep 9, 2026 · 11:59 AM EDT

Harley-Davidson (HOG) Operating Expenses (2009 - 2026)

Harley-Davidson's (HOG) quarterly Operating Expenses came in at $1.2 billion in Q2 2026, down 3.37% year-over-year from $1.2 billion in Q2 2025, and little changed quarter-over-quarter from $1.1 billion in Q1 2026.

Analysis

Harley-Davidson (HOG) Operating Expenses (2009 - 2026) Analysis & Trends

Harley-Davidson has disclosed Operating Expenses across 18 years of filings, most recently posting $1.2 billion for Q2 2026.

  • In Q2 2026, Operating Expenses fell 3.37% year-over-year to $1.2 billion; the TTM figure through Jun 2026 stood at $4.0 billion (down 6.12% YoY), while the FY2025 annual figure was $4.1 billion, down 14.33% from the prior year.
  • Operating Expenses came in at $1.2 billion for Q2 2026 at Harley-Davidson, roughly flat from $1.1 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $1.5 billion in Q1 2024 to a low of $857.2 million in Q4 2025.
  • Average Operating Expenses over 5 years is $1.2 billion, with a median of $1.2 billion recorded in 2022.
  • Year-over-year, Operating Expenses rose 17.67% in 2023 and retreated 22.01% in 2024.
  • Over 5 years, Operating Expenses stood at $1.1 billion in 2022, then retreated by 5.64% to $1.1 billion in 2023, then declined by 18.0% to $881.0 million in 2024, then slipped by 2.69% to $857.2 million in 2025, then soared by 34.67% to $1.2 billion in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $1.2 billion in Q2 2026, $1.1 billion in Q1 2026, and $857.2 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Thor Industries 3.79 Bn 3.42 Bn 354.77 Mn 230.93 Mn
2 Polaris 3.43 Bn 3.13 Bn - -
3 Harley-Davidson 2.81 Bn 918.76 Mn 421.12 Mn 1.15 Bn
4 Brunswick 1.59 Bn 1.28 Bn 437.80 Mn 308.40 Mn
5 Winnebago Industries 817.59 Mn 760.49 Mn 94.90 Mn 71.90 Mn
6 Malibu Boats 499.12 Mn 424.71 Mn 52.19 Mn 38.55 Mn
7 MasterCraft Boat Holdings 372.83 Mn 288.20 Mn 19.54 Mn 20.84 Mn
8 Niu Technologies 165.70 Mn -29.42 Mn 33.95 Mn -50.21 Mn
9 Massimo 43.31 Mn 38.67 Mn 7.28 Mn 5.62 Mn
10 Gogoro 39.25 Mn -29.60 Mn 15.96 Mn 19.05 Mn
Historic Data

Historic Data

Download Data
DateValue
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