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
Download Data
Historic 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 |