Harley-Davidson Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	3,604	4,148	4,883	4,935	4,540
Other Revenue	869.2	1,039	953.59	820.63	796.07
Revenue	4,473	5,187	5,836	5,755	5,336
Revenue Growth (YoY)	-13.76%	-11.13%	1.41%	7.85%	31.62%
Cost of Revenue	2,742	3,006	3,322	3,404	3,243
Gross Profit	1,353	1,382	1,787	1,837	1,875
Selling, General & Admin	965.91	903.51	931.71	881.92	1,041
Operating Expenses	965.91	903.51	931.71	881.92	1,041
Operating Income	386.64	478.23	855.07	954.86	834.28
Interest Expense	-33.44	-30.75	-30.79	-31.24	-30.97
Interest & Investment Income	44.27	58.96	46.77	4.54	6.69
Other Non Operating Income (Expenses)	61.27	10.7	-4.18	3.07	-1.32
EBT Excluding Unusual Items	458.73	517.14	866.88	931.23	808.68
Other Unusual Items	-	-	-	-	10.56
Pretax Income	458.73	517.14	866.88	931.23	819.24
Income Tax Expense	129.58	71.96	171.83	192.02	169.21
Earnings From Continuing Operations	329.15	445.18	695.05	739.21	650.02
Minority Interest in Earnings	9.58	10.18	11.54	2.19	-
Net Income	338.74	455.36	706.59	741.41	650.02
Net Income to Common	338.74	455.36	706.59	741.41	650.02
Net Income Growth	-25.61%	-35.55%	-4.70%	14.06%	49978.89%
Shares Outstanding (Basic)	120	131	142	148	154
Shares Outstanding (Diluted)	121	132	145	149	155
Shares Change (YoY)	-8.34%	-8.83%	-2.84%	-3.63%	0.70%
EPS (Basic)	2.82	3.46	4.96	5.01	4.23
EPS (Diluted)	2.78	3.44	4.87	4.96	4.19
EPS Growth	-19.19%	-29.36%	-1.81%	18.38%	49351.20%
Free Cash Flow	415.24	867.27	547.48	396.79	855.52
Free Cash Flow Per Share	3.42	6.56	3.77	2.66	5.52
Dividend Per Share	0.720	0.690	0.660	0.630	0.600
Dividend Growth	4.35%	4.54%	4.76%	5.00%	36.36%
Gross Margin	30.24%	26.64%	30.61%	31.92%	35.14%
Operating Margin	8.64%	9.22%	14.65%	16.59%	15.63%
Profit Margin	7.57%	8.78%	12.11%	12.88%	12.18%
Free Cash Flow Margin	9.28%	16.72%	9.38%	6.89%	16.03%
EBITDA	555.09	638.9	1,013	1,107	999.46
EBITDA Margin	12.41%	12.32%	17.36%	19.23%	18.73%
D&A For EBITDA	168.45	160.67	158.11	151.94	165.19
EBIT	386.64	478.23	855.07	954.86	834.28
EBIT Margin	8.64%	9.22%	14.65%	16.59%	15.63%
Effective Tax Rate	28.25%	13.92%	19.82%	20.62%	20.66%
Revenue as Reported	-	5,187	5,836	5,755	5,336
Advertising Expenses	-	136.7	131	105.6	107.6

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q