Wholegoods was Polaris’s largest segment in fiscal 2025, bringing in $4.03B of $5.71B (71%).
| Segment | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Wholegoods | $5.00B | $5.37B | $4.18B | $4.03B | ||||
| Pga | $1.44B | $1.61B | $1.52B | $1.68B | ||||
| Financial Service | — | — | — | — | ||||
| Total | $6.44B | $6.98B | $5.71B | $5.71B |
Polaris brought in $5.71B from its two segments in fiscal 2025, the year ended December 31, 2025. That was up 0.1% from $5.71B in fiscal 2024. Wholegoods was the largest at $4.03B (70.6%), ahead of Pga at $1.68B (29.4%).
Compared with fiscal 2024, Pga grew 10.3% to $1.68B, while Wholegoods fell 3.6% to $4.03B. From fiscal 2022 to 2025, combined revenue from these segments fell from $6.44B to $5.71B, a compound annual decline of 3.9%. Wholegoods' share of the total fell from 77.7% to 70.6%.
Hsbc/Capital One, Ge Bank & Sheffield Retail Credit Agreements was Polaris’s largest revenue line in fiscal 2013, bringing in $22.48M of $45.90M (49%).
| Investments in and Advances to Affiliates Categorization | FY 2010 | FY 2013 |
|---|---|---|
| Hsbc/Capital One, Ge Bank & Sheffield Retail Credit Agreements | $2.42M | $22.48M |
| Securitization Facility | $8.03M | $15.19M |
| Polaris Acceptance | $4.57M | $4.98M |
| Other Financial Services Activities | $1.83M | $3.25M |
| Total | $16.86M | $45.90M |
Polaris brought in $45.90M from its four revenue lines in fiscal 2013, the year ended December 31, 2013. That was up 172.3% from $16.86M in fiscal 2010, the previous year with figures. Hsbc/Capital One, Ge Bank & Sheffield Retail Credit Agreements was the largest at $22.48M (49.0%), ahead of Securitization Facility at $15.19M (33.1%) and Polaris Acceptance at $4.98M (10.9%). The remaining revenue line, Other Financial Services Activities, brought in $3.25M.
Compared with fiscal 2010, the previous year with figures, Hsbc/Capital One, Ge Bank & Sheffield Retail Credit Agreements grew fastest, up 828.2% to $22.48M. Every revenue line above 2% of revenue grew. From fiscal 2010 to 2013, combined revenue from these revenue lines grew from $16.86M to $45.90M, a compound annual growth rate of 39.6%. Hsbc/Capital One, Ge Bank & Sheffield Retail Credit Agreements' share of the total rose from 14.4% to 49.0%.
Orv/Snowmobiles was Polaris’s largest segment in fiscal 2017, bringing in $3.57B of $5.43B (66%).
| Statement Business Segments | FY 2011 | FY 2012 | FY 2014 | FY 2015 | FY 2016 | FY 2017 |
|---|---|---|---|---|---|---|
| Orv/Snowmobiles | — | — | $3.28B | $3.57B | ||
| Off Road Vehicles / Snowmobiles | — | $3.65B | — | — | ||
| United States | $3.34B | — | — | — | ||
| Motorcycles | $418.55M | $688.26M | $699.17M | $576.07M | ||
| Other Foreign Countries | — | — | — | — | ||
| Canada | $454.61M | — | — | — | ||
| Canadian Subsidiary | — | — | — | — | ||
| Aftermarket | — | $72.04M | $191.63M | $884.89M | ||
| Global Adjacent Markets | $319.95M | $312.10M | $341.94M | $396.76M | ||
| Total | $4.53B | $4.72B | $4.52B | $5.43B |
Polaris brought in $5.43B from its four segments in fiscal 2017, the year ended December 31, 2017. That was up 20.2% from $4.52B in fiscal 2016. Orv/Snowmobiles was the largest at $3.57B (65.8%), ahead of Aftermarket at $884.89M (16.3%) and Motorcycles at $576.07M (10.6%). The remaining segment, Global Adjacent Markets, brought in $396.76M.
Compared with fiscal 2016, Aftermarket grew fastest, up 361.8% to $884.89M, while Motorcycles fell the most, down 17.6% to $576.07M.
Polaris began breaking out Orv/Snowmobiles in fiscal 2016 and Aftermarket in fiscal 2015. Polaris stopped reporting Off Road Vehicles / Snowmobiles ($3.65B in fiscal 2015), United States ($3.34B in fiscal 2014) and Canada ($454.61M in fiscal 2014) as separate segments.
Polaris (PII) reports its revenue by segment, by investments in and advances to affiliates categorization and by statement business segments. In fiscal 2025, Wholegoods was its largest segment, bringing in $4.03B (70.6% of the total), followed by Pga at $1.68B (29.4%).
Wholegoods was Polaris' largest segment in fiscal 2025, bringing in $4.03B, or 70.6% of the $5.71B total across its two segments.
Hsbc/Capital One, Ge Bank & Sheffield Retail Credit Agreements was Polaris' largest revenue line in fiscal 2013, bringing in $22.48M, or 49.0% of the $45.90M total across its four revenue lines.
Pga grew faster than Wholegoods in fiscal 2025, up 10.3% from $1.52B to $1.68B. Wholegoods fell 3.6% to $4.03B.
Every figure comes from Polaris' annual financial filings, as reported. Each line keeps the name Polaris gives it, and years follow its fiscal calendar.
Polaris' revenue by segment goes back to fiscal 2018, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.