AGCO Corporation (AGCO) Income Statement
AGCO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsAGCO revenue and net income
Where AGCO's revenue goes
2025Each bar shows an amount and its share of revenue. AGCO kept 7.2% of revenue as net income.
AGCO profit margins
AGCO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −13.5% | −7.3% | +2.0% | +3.0% |
| Gross profit | −12.3% | −5.5% | +4.6% | +5.1% |
| Operating income | −28.5% | −19.1% | +2.0% | +6.1% |
| Net income | — | −6.5% | +11.2% | +10.6% |
| EPS (diluted) | −29.6% | −24.8% | −1.2% | +5.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AGCO quarterly EPS vs estimates
AGCO beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 29, 2026 (estimate $0.88).
AGCO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.08B | $11.66B | $14.41B | $12.65B | $11.14B | $9.15B | $9.04B | $9.35B | $8.31B | $7.41B |
| Cost of revenue | $7.59B | $8.82B | $10.63B | $9.70B | $8.63B | $7.16B | $7.12B | $7.42B | $6.60B | $5.95B |
| Gross profit | $2.50B | $2.84B | $3.78B | $2.96B | $2.51B | $1.99B | $1.92B | $1.93B | $1.71B | $1.46B |
| Research & development | $487.7M | $493.0M | $530.1M | $444.2M | $405.8M | $342.6M | $343.4M | $355.2M | $323.1M | $296.1M |
| Sales, general & admin | $1.31B | $1.40B | $1.36B | $1.19B | $1.09B | $1.00B | $1.04B | $1.07B | $970.7M | $867.9M |
| Total operating expenses | $1.80B | $1.87B | $1.45B | $1.63B | $1.49B | $1.36B | $1.39B | $1.42B | $1.28B | $1.16B |
| Operating income | $698.7M | $977.2M | $1.70B | $1.32B | $1.01B | $633.1M | $533.6M | $517.1M | $427.8M | $299.3M |
| Interest income | $56.6M | $66.3M | $64.2M | $33.0M | $18.7M | $9.9M | $8.9M | $8.1M | $9.4M | $13.3M |
| Interest expense | $66.4M | $160.0M | $4.6M | $46.0M | $25.4M | $24.9M | $28.8M | $55.6M | $52.1M | $63.4M |
| Income before taxes | $641.6M | −$387.2M | $1.33B | $1.17B | $1.01B | $607.5M | $303.6M | $394.6M | $322.9M | $252.4M |
| Income taxes | −$77.4M | $98.4M | $230.4M | $296.6M | $108.4M | $187.7M | $180.8M | $110.9M | $133.6M | $92.2M |
| Net income | $726.5M | −$424.8M | $1.17B | $889.6M | $897.0M | $427.1M | $125.2M | $285.5M | $186.4M | $160.1M |
| EBITDA | $996.0M | $58.6M | $1.70B | $1.42B | $1.25B | $858.9M | $561.9M | $705.8M | $615.7M | $542.9M |
| EPS (diluted) | $5.28 | $7.50 | $15.55 | $12.42 | $10.37 | $5.60 | $4.44 | $3.89 | $3.02 | $2.48 |
| Gross margin | 24.8% | 24.4% | 26.2% | 23.4% | 22.5% | 21.8% | 21.3% | 20.7% | 20.6% | 19.7% |
| Operating margin | 6.9% | 8.4% | 11.8% | 10.4% | 9.1% | 6.9% | 5.9% | 5.5% | 5.2% | 4.0% |
| Net margin | 7.2% | −3.6% | 8.1% | 7.0% | 8.1% | 4.7% | 1.4% | 3.1% | 2.2% | 2.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.61B | $2.34B | $2.92B | $2.48B | $2.63B | $2.05B | $2.89B | $2.60B | $3.25B | $2.93B | $3.80B | $3.46B |
| Cost of revenue | $1.96B | $1.76B | $2.18B | $1.86B | $1.99B | $1.55B | $2.20B | $2.00B | $2.44B | $2.17B | $2.83B | $2.53B |
| Gross profit | $645.9M | $581.4M | $741.1M | $620.3M | $641.5M | $503.0M | $687.8M | $598.5M | $809.1M | $760.8M | $974.9M | $924.7M |
| Research & development | $141.2M | $132.6M | $130.9M | $123.0M | $117.8M | $116.0M | $103.0M | $121.3M | $137.8M | $130.9M | $150.8M | $139.6M |
| Sales, general & admin | $335.7M | $339.1M | $316.3M | $340.8M | $326.4M | $325.8M | $323.2M | $344.3M | $379.8M | $350.4M | $421.3M | $353.6M |
| Total operating expenses | $494.0M | $488.6M | $464.3M | $463.8M | $444.2M | $441.8M | $426.2M | $465.6M | $517.6M | $481.3M | $572.1M | $495.2M |
| Operating income | $151.9M | $92.8M | $276.8M | $156.5M | $197.3M | $61.2M | $261.6M | $132.9M | $291.5M | $279.5M | $402.8M | $429.5M |
| Interest expense | $17.0M | $15.2M | $14.2M | $15.5M | $18.0M | $18.7M | $27.5M | $33.7M | $29.6M | $1.9M | $7.2M | $5.5M |
| Income before taxes | $115.2M | $57.0M | $170.5M | $351.5M | $108.9M | $10.7M | −$337.8M | $40.8M | −$327.3M | $237.1M | $262.9M | $355.8M |
| Income taxes | $40.4M | $4.6M | $77.3M | $48.8M | −$205.5M | $2.0M | −$24.2M | $11.9M | $41.6M | $69.1M | −$76.1M | $75.3M |
| Net income | $77.2M | $55.0M | $95.5M | $305.7M | $314.8M | $10.5M | −$255.7M | $30.0M | −$367.1M | $168.0M | $339.0M | $280.6M |
| EBITDA | $209.4M | $137.8M | $262.5M | $445.9M | $195.1M | $93.1M | −$230.3M | $132.0M | −$210.4M | $300.0M | $322.4M | $412.6M |
| EPS (diluted) | $1.43 | $0.94 | $2.17 | $1.35 | $1.35 | $0.41 | $1.97 | $0.68 | $2.53 | $2.32 | $3.78 | $3.97 |
| Gross margin | 24.7% | 24.8% | 25.4% | 25.0% | 24.3% | 24.5% | 23.8% | 23.0% | 24.9% | 26.0% | 25.7% | 26.8% |
| Operating margin | 5.8% | 4.0% | 9.5% | 6.3% | 7.5% | 3.0% | 9.1% | 5.1% | 9.0% | 9.5% | 10.6% | 12.4% |
| Net margin | 3.0% | 2.3% | 3.3% | 12.3% | 11.9% | 0.5% | −8.9% | 1.2% | −11.3% | 5.7% | 8.9% | 8.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AGCO's financial statements (latest annual report filed February 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AGCO financial results
In fiscal year 2025 (ended December 31, 2025), AGCO reported revenue of $10.1 billion, down 13.5% from the year before. It had net income of $726.5 million, a net profit margin of 7.2%. Diluted earnings per share came to $5.28. Over five years revenue grew at an average rate of 2.0% a year.
See the AGCO stock overview for the latest quote and news, or the AGCO chart for price history and technical indicators.
AGCO income statement FAQ
What is AGCO's annual revenue?
AGCO reported total revenue of $10.1 billion for fiscal year 2025, which ended on December 31, 2025. That was down 13.5% from $11.7 billion the previous year.
Is AGCO profitable?
Yes. AGCO reported net income of $726.5 million in fiscal 2025, a net profit margin of 7.2%; its operating margin was 6.9%.
What is AGCO's gross margin?
AGCO's gross margin was 24.8% in fiscal 2025: for every $100 of revenue, AGCO kept $25 after the direct cost of its products and services.
How much does AGCO spend on research and development?
AGCO spent $487.7 million on research and development in fiscal 2025, 4.8% of revenue.
How fast is AGCO growing?
Revenue grew 2.0% a year on average over the last five fiscal years, from $9.1 billion to $10.1 billion.
What are AGCO's earnings per share?
AGCO earned $5.28 per diluted share in fiscal 2025, compared with $7.50 a year earlier.
When will AGCO report its next earnings?
AGCO is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 before the market opens.
When does AGCO's fiscal year end?
AGCO's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 13, 2026.