AGCO CORP /DE

AGCO 10-Q · Q1 2026

AGCO Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue 2,342.9 2,050.5 +14.3%
Show Product Lines breakouts
Combines, application equipment and other machinery 365.1 362.9 +0.6%
Combines, application equipment and other machinery · Asia/Pacific/Africa 21.9 16.9 +29.6%
Combines, application equipment and other machinery · Europe/Middle East 133.3 135.9 -1.9%
Combines, application equipment and other machinery · Latin America 26.9 48.1 -44.1%
Combines, application equipment and other machinery · North America 183 162 +13.0%
Replacement parts 447.3 432.6 +3.4%
Replacement parts · Asia/Pacific/Africa 25.8 22.7 +13.7%
Replacement parts · Europe/Middle East 303.9 284.3 +6.9%
Replacement parts · Latin America 39.4 42.2 -6.6%
Replacement parts · North America 78.2 83.4 -6.2%
Tractors 1,530.5 1,254.1 +22.0%
Tractors · Asia/Pacific/Africa 76.3 54 +41.3%
Tractors · Europe/Middle East 1,163.6 910.3 +27.8%
Tractors · Latin America 145.4 165.7 -12.3%
Tractors · North America 145.2 124.1 +17.0%
Show Business Segments breakouts
Asia/Pacific/Africa 124 94.5 +31.2%
Asia/Pacific/Africa · Africa 21.3 15.3 +39.2%
Asia/Pacific/Africa · Asia 29.2 33.1 -11.8%
Asia/Pacific/Africa · Australia and New Zealand 73.5 46.1 +59.4%
Asia/Pacific/Africa · Operating Segments 124 94.5 +31.2%
Europe/Middle East 1,600.8 1,330.5 +20.3%
Europe/Middle East · DE 486.3 293.9 +65.5%
Europe/Middle East · Finland and Scandinavia 177.9 171.9 +3.5%
Europe/Middle East · FR 268.2 270.7 -0.9%
Europe/Middle East · IT 77.1 65.9 +17.0%
Europe/Middle East · Middle East and Algeria 29.4 73.3 -59.9%
Europe/Middle East · Operating Segments 1,600.8 1,330.5 +20.3%
Europe/Middle East · Other Europe 415.6 346.8 +19.8%
Europe/Middle East · United Kingdom and Ireland 146.3 108 +35.5%
Latin America 211.7 256 -17.3%
Latin America · BR 141.5 169.3 -16.4%
Latin America · Mexico, Central America and Caribbean 20.4 29 -29.7%
Latin America · Operating Segments 211.7 256 -17.3%
Latin America · Other South America 49.8 57.7 -13.7%
North America 406.4 369.5 +10.0%
North America · CA 88.7 76.7 +15.6%
North America · Operating Segments 406.4 369.5 +10.0%
North America · US 317.7 292.8 +8.5%
Show Geography breakouts
Africa 21.3 15.3 +39.2%
AR · Subsidiaries 27.5
Asia 29.2 33.1 -11.8%
Australia and New Zealand 73.5 46.1 +59.4%
BR 141.5 169.3 -16.4%
CA 88.7 76.7 +15.6%
DE 486.3 293.9 +65.5%
Finland and Scandinavia 177.9 171.9 +3.5%
FR 268.2 270.7 -0.9%
IT 77.1 65.9 +17.0%
Mexico, Central America and Caribbean 20.4 29 -29.7%
Middle East and Algeria 29.4 73.3 -59.9%
Other Europe 415.6 346.8 +19.8%
Other South America 49.8 57.7 -13.7%
TR · Subsidiaries 27.5
United Kingdom and Ireland 146.3 108 +35.5%
US 317.7 292.8 +8.5%
Cost of Revenue 1,761.5 1,529.9 +15.1%
Show Business Segments breakouts
Asia/Pacific/Africa · Operating Segments 100 78.3 +27.7%
Europe/Middle East · Operating Segments 1,119.5 970.9 +15.3%
Latin America · Operating Segments 203.9 205.1 -0.6%
North America · Operating Segments 338.1 275.6 +22.7%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Foreign Exchange Contract 1.8 -2.3 +178.3%
Gross Profit 581.4 520.6 +11.7%
Selling, General & Administrative 339.1 325.8 +4.1%
Engineering Expenses 132.6 116 +14.3%
Show Business Segments breakouts
Asia/Pacific/Africa · Operating Segments 2.6 2.5 +4.0%
Europe/Middle East · Operating Segments 80.2 70 +14.6%
Latin America · Operating Segments 12.7 10.2 +24.5%
North America · Operating Segments 37.1 33.3 +11.4%
Amortization Of Intangible Assets 16.9 15.3 +10.5%
Show Consolidation Items breakouts
Material Reconciling Items 16.9 15.3 +10.5%
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships 1.8
Other Intangible Assets 1.3
Patents and Technology 12.8
Trademarks And Trade Names 1
Other Asset Impairment Charges 2.1 1.1 +90.9%
Show Consolidation Items breakouts
Material Reconciling Items 2.1 1.1 +90.9%
Restructuring Costs 10 13 -23.1%
Operating Income 80.7 49.4 +63.4%
Show Consolidation Items breakouts
Operating Segments 171.1 134 +27.7%
Interest Income Expense Nonoperating Net 15.2 18.5 -17.8%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent · Treasury Lock -0.2 -0.2 0.0%
Other Non-Operating Income (Expense) 26.5 32.3 -18.0%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment Net Prior Service Cost Credit · Reclassification Out Of Accumulated Other Comprehensive Income 0.5 0.5 0.0%
Accumulated Defined Benefit Plans Adjustment Net Unamortized Gain Loss · Reclassification Out Of Accumulated Other Comprehensive Income 2.3 2.1 +9.5%
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments 39 -1.4 +2885.7%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -2.8 -2.6 -7.7%
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income -1.6 2.5 -164.0%
Income Tax Expense (Benefit) 4.6 2 +130.0%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -0.7 -0.7 0.0%
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income -0.4 0.8 -150.0%
Income Loss Before Equity In Net Earnings Of Affiliates 34.4 -3.4 +1111.8%
Income Loss From Equity Method Investments 18 12.1 +48.8%
Net Income 52.4 8.7 +502.3%
Net Income Loss Attributable To Noncontrolling Interest 2.6 1.8 +44.4%
Net Income 55 10.5 +423.8%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income -2.1 -1.9 -10.5%
Accumulated Gain Loss Net Cash Flow Hedge Parent · Reclassification Out Of Accumulated Other Comprehensive Income -1.2 1.7 -170.6%
Retained Earnings 55 10.5 +423.8%
Show Reclassification Out Of Accumulated Other Comprehensive Income breakouts
Reclassification Out Of Accumulated Other Comprehensive Income -3.3 -0.2 -1550.0%
EPS (Basic) 0.76 0.14 +442.9%
EPS (Diluted) 0.76 0.14 +442.9%
Common Stock Dividends Per Share Declared 0.29 0.29 0.0%
Common Stock Dividends Per Share Cash Paid 0.29 0.29 0.0%
Wtd Avg Shares (Basic) 72.5 74.6 -2.8%
Wtd Avg Shares (Diluted) 72.7 74.7 -2.7%
General & Administrative (Q)
Show Consolidation Items breakouts
Material Reconciling Items -51.1 -48.1 -6.2%
Comprehensive Income 93.5 91.8 +1.9%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents 514.9 562.6 -8.5%
Show Geography breakouts
AR · ARS 13.4 87 -84.6%
Accounts Notes And Loans Receivable Net Current 1,242.3 1,235.3 +0.6%
Inventory 3,001.8 2,958 +1.5%
Other Assets Current 579.2 533.3 +8.6%
Total Current Assets 5,338.2 5,289.2 +0.9%
Non-Current Assets
Operating Lease Right-of-Use Assets 159.4 178.7 -10.8%
Deferred Tax Assets 932.2 582.6 +60.0%
Other Non-Current Assets 474.6 449.4 +5.6%
Goodwill 1,890.6
Show Geography breakouts
Asia/Pacific/Africa 20.4
Europe/Middle East 1,020.4
Latin America 106
North America 743.8
Total Assets 12,040.9 11,480.8 +4.9%
Show Business Segments breakouts
Asia/Pacific/Africa · Operating Segments 619 688.2 -10.1%
Europe/Middle East · Operating Segments 3,111 3,047.1 +2.1%
Latin America · Operating Segments 1,249.1
North America · Operating Segments 1,399.7 1,536.3 -8.9%
Reportable Segment 6,378.8 6,256.8 +1.9%
Show Geography breakouts
AR · Subsidiaries 312.2 289 +8.0%
TR · Subsidiaries 4.9 6.6 -25.8%
Other Assets
Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization 1,954.8 1,868.7 +4.6%
Investments In Affiliates Subsidiaries Associates And Joint Ventures 628.1 550.5 +14.1%
Intangible Assets Net Excluding Goodwill 663 718.4 -7.7%
Current Liabilities
Debt Current 555.5 182.1 +205.1%
Accounts Payable 1,121.5 1,008.7 +11.2%
Accrued Liabilities 2,267.2 2,147.8 +5.6%
Other Liabilities Current 184.1 122.3 +50.5%
Total Current Liabilities 4,128.3 3,460.9 +19.3%
Current Portion of Long-Term Debt (Q)
Show Debt Instrument breakouts
5.450% Senior notes due 2027 · Senior Notes -399
Senior term loans due 2026 · Senior Notes -60.5
Non-Current Liabilities
Long-Term Debt 2,018.7 2,757.5 -26.8%
Operating Lease Liabilities 115.9 134.1 -13.6%
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent 167.8 157.9 +6.3%
Deferred Tax Liabilities 123.7 130.9 -5.5%
Other Non-Current Liabilities 894.5 730.3 +22.5%
Total Liabilities 7,448.9 7,371.6 +1.0%
Long-Term Debt 2,478.2 2,825.5 -12.3%
Other Liabilities
Redeemable Noncontrolling Interest Equity Carrying Amount 295.5 299.8 -1.4%
Stockholders' Equity
Common Stock 0.7 0.7 0.0%
Retained Earnings 6,032.2 5,629.6 +7.2%
Accumulated Other Comprehensive Income -1,736.4 -1,821.6 +4.7%
Total Stockholders' Equity 4,296.5 3,809.4 +12.8%
Total Liabilities & Equity 12,040.9 11,480.8 +4.9%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Depreciation 66.7 60.5 +10.2%
Show Business Segments breakouts
Asia/Pacific/Africa · Operating Segments 3.3 2.3 +43.5%
Europe/Middle East · Operating Segments 38.9 35.1 +10.8%
Latin America · Operating Segments 9 8 +12.5%
North America · Operating Segments 15.5 15.1 +2.6%
Stock-Based Compensation 10.4 7.3 +42.5%
Income Loss From Equity Method Investments Net Of Dividends Or Distributions -18 -12.1 -48.8%
Deferred Income Taxes And Tax Credits -23.6 -27.3 +13.6%
Other Non-Cash Items 4 6.6 -39.4%
Increase Decrease In Accounts And Notes Receivable -177.1 44.7 -496.2%
Change in Inventory -284.1 -149.4 -90.2%
Increase Decrease In Other Operating Assets -24 2.5 -1060.0%
Change in Accounts Payable 202.3 177.9 +13.7%
Increase Decrease In Accrued Liabilities -254.2 -384.9 +34.0%
Increase Decrease In Other Operating Liabilities 15.8 36.9 -57.2%
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities -462.8 -220.9 -109.5%
Net Cash from Operations -410.4 -212.2 -93.4%
Investing Activities
Capital Expenditures -44.6 -48.2 +7.5%
Proceeds From Sale Of Property Plant And Equipment 0.1 1.1 -90.9%
Payments For Proceeds From Sale Of Equity Method Investments -8.5 -0.1 -8400.0%
Other Investing Activities -12.6 -4.1 -207.3%
Net Cash from Investing -65.6 -51.3 -27.9%
Financing Activities
Proceeds From Debt Net Of Issuance Costs 187.2 531.2 -64.8%
Debt Repayments -31.5 -297 +89.4%
Payments Of Dividends Common Stock -21 -21.6 +2.8%
Tax Withholding for Share Compensation -4.6 -7.4 +37.8%
Net Cash from Financing 130.1 205.2 -36.6%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations -1 8.2 -112.2%
Net Change in Cash -346.9 -50.1 -592.4%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 514.9 562.6 -8.5%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

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