HARLEY-DAVIDSON, INC.
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
HOG$34.20+4.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(In thousands, except per share amounts)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenue: | |||
| Motorcycles and related products | $3,603,979 | $4,148,264 | $4,882,892 |
| Financial services | 869,196 | 1,038,538 | 953,586 |
| 4,473,175 | 5,186,802 | 5,836,478 | |
| Costs and expenses: | |||
| Motorcycles and related products cost of goods sold | 2,741,821 | 3,005,940 | 3,322,306 |
| Financial services interest expense | 388,636 | 371,766 | 332,380 |
| Financial services provision for credit losses | (191,392) | 247,225 | 227,158 |
| Selling, administrative and engineering expense | 1,147,475 | 1,145,244 | 1,175,550 |
| 4,086,540 | 4,770,175 | 5,057,394 | |
| Operating income | 386,635 | 416,627 | 779,084 |
| Other income, net | 61,270 | 72,295 | 71,808 |
| Investment income | 44,270 | 58,964 | 46,771 |
| Interest expense | 33,444 | 30,748 | 30,787 |
| Income before income taxes | 458,731 | 517,138 | 866,876 |
| Income tax provision | 129,577 | 71,963 | 171,830 |
| Net income | 329,154 | 445,175 | 695,046 |
| Less: Loss attributable to noncontrolling interests | 9,584 | 10,182 | 11,540 |
| Net income attributable to Harley-Davidson, Inc. | $338,738 | $455,357 | $706,586 |
| Earnings per share: | |||
| Basic | $2.82 | $3.46 | $4.96 |
| Diluted | $2.78 | $3.44 | $4.87 |
| Cash dividends per share | $0.72 | $0.69 | $0.66 |
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