Paccar Financial Services — Equipment On Operating Leases Net decreased by 1.9% to $1.83B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 1.9%, from $1.87B to $1.83B. Over 3 years (FY 2022 to FY 2025), Financial Services — Equipment On Operating Leases Net shows a downward trend with a -11.0% CAGR.
An increase indicates a growing operating lease portfolio, which requires significant capital investment and residual value management.
This metric represents the net book value of physical equipment currently leased to customers under operating lease agre...
Similar to operating lease asset balances at heavy equipment rental or leasing companies.
pcar_segment_financial_services_equipment_on_operating_leases_net| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.89B | $2.81B | $2.70B | $2.55B | $2.61B | $2.53B | $2.35B | $2.19B | $2.18B | $2.04B | $2.01B | $1.99B | $1.89B | $1.87B | $1.93B | $1.87B | $1.87B | $1.83B |
| QoQ Change | — | -2.6% | -3.8% | -5.9% | +2.6% | -3.3% | -7.0% | -6.9% | -0.6% | -6.1% | -1.4% | -1.2% | -4.9% | -1.2% | +3.2% | -2.9% | -0.2% | -1.9% |
| YoY Change | — | — | — | — | -9.5% | -10.1% | -13.1% | -14.0% | -16.7% | -19.2% | -14.4% | -9.2% | -13.1% | -8.5% | -4.2% | -5.9% | -1.2% | -1.9% |