John Deere Capital Corp.
08/14/2025 | Press release | Distributed by Public on 08/14/2025 04:18
Regulation FD Disclosure, Business/Financial Results (Form 8-K)
Item 2.02 Results of Operations and Financial Condition.
John Deere Capital Corporation's (JDCC) revenue, net income, and ending portfolio balance for the third quarter and year-to-date for fiscal year 2025 are set forth below:
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Third Quarter |
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Year-to-Date |
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$ in millions |
2025 |
2024 |
% Change |
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2025 |
2024 |
% Change |
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Revenue |
$ 1,233 |
$ 1,284 |
-4 |
% |
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$ 3,622 |
$ 3,644 |
-1 |
% |
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Net income |
159 |
123 |
29 |
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442 |
424 |
4 |
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Ending portfolio balance |
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58,372 |
60,845 |
-4 |
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JDCC's net income for the quarter and year-to-date was higher than the same periods in 2024 due to lower administrative and operating expenses, partially offset by the impact of lower average portfolio balances and discrete tax items. Results for the quarter also benefited from a lower provision for credit losses.
Item 7.01Regulation FD Disclosure.
On August 14, 2025, Deere & Company, JDCC's parent, issued a press release announcing its results of operations for the third quarter for fiscal year 2025 and made available a presentation providing a review of such period in connection with its investor earnings call. Copies of the press release and presentation are furnished herewith as Exhibits 99.1 and 99.2, respectively, and incorporated herein by reference.
Item 8.01Other Events.
The information set forth in Item 2.02 of this Current Report on Form 8-K is incorporated by reference into this Item 8.01.
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