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Harley-Davidson HOG Financial Services Entities — Financial services interest expense

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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:FinancingInterestExpense.

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
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
Operating income$76,010$112,436$99,502$272,935

Item 1. Financial Statements

FAQ

What is Harley-Davidson's financial services entities — financial services interest expense?
Harley-Davidson (HOG) reported financial services entities — financial services interest expense of $30.56M in Q2 2026.
How has Harley-Davidson's financial services entities — financial services interest expense changed year-over-year?
Harley-Davidson's financial services entities — financial services interest expense decreased by 67.3% year-over-year, from $93.57M to $30.56M.
What is the long-term trend for Harley-Davidson's financial services entities — financial services interest expense?
Over 3 years (2022 to 2025), Harley-Davidson's financial services entities — financial services interest expense has grown at a 21.3% compound annual growth rate (CAGR), from $217.65M to $388.64M.
What does financial services entities — financial services interest expense mean?
This metric captures the interest costs incurred by the financial services division to fund its lending operations and debt obligations. It is a critical indicator of the cost of capital required to maintain the company's captive finance portfolio. High interest expenses relative to revenue can compress the net interest margin of the financial services segment.

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