8-KAccepted Aug 20, 6:20 AM ET
John Deere Capital Corp Reports Q3 FY2026 Results
Accepted (ET)
6:20 AM
Aug 20, 2026
Filed
Aug 20, 2026
Documents
12
Size
184.3 KB
Summary
John Deere Capital Corp Reports Q3 FY2026 Results
What Happened
On August 20, 2026, John Deere Capital Corporation (JDCC) filed a Form 8‑K reporting its third quarter and year‑to‑date fiscal 2026 financial results. Key figures: Q3 revenue was $1,192 million vs. $1,233 million a year earlier (‑3%); Q3 net income was $174 million vs. $159 million (+9%). Year‑to‑date revenue was $3,518 million vs. $3,622 million (‑3%) and net income was $524 million vs. $442 million (+19%). JDCC’s ending portfolio balance was $56,760 million, down 3% from $58,372 million a year earlier. The filing also furnishes Deere & Company’s press release and Q3 presentation (Exhibits 99.1 and 99.2).
Key Details
- Q3 revenue: $1,192M (down 3% vs. Q3 FY2025).
- Q3 net income: $174M (up 9% vs. Q3 FY2025); YTD net income: $524M (up 19%).
- Ending portfolio balance: $56,760M (down 3% vs. prior year).
- JDCC cited favorable financing spreads, discrete tax items, lower provision for credit losses and favorable derivative valuation adjustments as drivers of higher net income, partly offset by a lower average portfolio. Deere & Company’s press release and investor presentation were furnished on Aug 20, 2026.
Why It Matters
These results show JDCC produced higher profits in Q3 and year‑to‑date despite a modest drop in revenue and a smaller portfolio. For retail investors, that indicates earnings were supported by better financing spreads and lower credit loss provisions rather than growth in lending volume. The 3% decline in the portfolio balance signals slightly lower outstanding financing activity compared with last year, which can affect future interest income. The furnished Deere & Company materials provide additional context for the parent company’s broader business and investor outlook.