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Harley-Davidson HOG Financial Services Entities — Provision for Credit Losses

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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:FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal.

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 — provision for credit losses?
Harley-Davidson (HOG) reported financial services entities — provision for credit losses of $17.64M in Q2 2026.
How has Harley-Davidson's financial services entities — provision for credit losses changed year-over-year?
Harley-Davidson's financial services entities — provision for credit losses decreased by 64.5% year-over-year, from $49.74M to $17.64M.
What is the long-term trend for Harley-Davidson's financial services entities — provision for credit losses?
Over 3 years (2022 to 2025), Harley-Davidson's financial services entities — provision for credit losses has grown at a 11.0% compound annual growth rate (CAGR), from $145.13M to -$198.43M.
What does financial services entities — provision for credit losses mean?
This represents the expense set aside to cover potential defaults or uncollectible amounts within the financial services loan portfolio. It serves as a direct indicator of credit risk and the quality of the company's lending book. An increasing provision suggests deteriorating credit conditions among the borrower base.

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