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Harley-Davidson HOG Financial Services Entities — Financial services

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Other financials

Income statement

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Revenue$1.2B-5.9%
Gross profit$421.1M-24.3%
Operating income$76.0M-32.4%
Net income$79.8M-25.8%
EPS (diluted)$0.75-14.8%

Balance sheet

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Cash & equivalents$1.9B+19.4%
Total debt$1.8B-63.3%
Total equity$3.1B-6.6%
Total assets$7.2B-39.9%

Cash flow

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Operating cash flow-$228.0M-261%
CapEx$12.9M-63.7%
Free cash flow-$259.8M-333%

Valuation

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Market cap$2.67B-9.1%
Enterprise value$2.59B-58.8%
P/E4.5×+1.1×
P/S0.6×0.0×

Profitability

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Gross margin33.4%-8.9pp
Operating margin11%-2.6pp
Net margin10.8%-1.4pp
FCF margin18.4%+6.0pp

Returns & leverage

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Return on equity17.7%-5.8pp
Debt / equity0.6×-0.9×
Current ratio1.9×+0.5×

Where this comes from

Reported directly by Harley-Davidson in its filing.

Tagged under the XBRL concept us-gaap:RevenueNotFromContractWithCustomer.

The source filing: Harley-Davidson’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:02 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000793952-26-000061
Line itemThree months ended / June 30,2026Three months ended / June 30,2025Six months ended / June 30,2026Six months ended / June 30,2025
Selling, administrative and engineering expense17,87918,81535,01536,842
Operating loss(17,927)(18,653)(35,598)(38,461)
HDFS:
Financial services revenue117,043257,438228,987502,399
Financial services interest expense30,56293,57469,859182,508
Financial services provision for credit losses17,64349,73830,796103,072
Selling and administrative expense47,23944,35384,49583,010
Operating income21,59969,77343,837133,809

Item 1. Financial Statements

FAQ

What is Harley-Davidson's financial services entities — financial services?
Harley-Davidson (HOG) reported financial services entities — financial services of $117.04M in Q2 2026.
How has Harley-Davidson's financial services entities — financial services changed year-over-year?
Harley-Davidson's financial services entities — financial services decreased by 54.5% year-over-year, from $257.44M to $117.04M.
What is the long-term trend for Harley-Davidson's financial services entities — financial services?
Over 4 years (2021 to 2025), Harley-Davidson's financial services entities — financial services has grown at a 2.2% compound annual growth rate (CAGR), from $796.07M to $869.2M.
What does financial services entities — financial services mean?
This represents the total revenue generated by the financial services division, which provides wholesale financing to dealers and retail financing to customers. It reflects the company's ability to facilitate product sales through captive lending activities. Monitoring this segment helps investors understand the contribution of financial services to overall corporate top-line performance.

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