Cat Financial Reports Third-Quarter 2026 Results
Key Highlights
- ➤Cat Financial third-quarter revenue $1.02 billion, up 10% year over year
- ➤Third-quarter profit $145 million, up 8% year over year
- ➤Retail new business volume $3.85 billion, increased 6% year over year
- ➤Past dues fell to 1.31% from 1.47% year over year
- ➤Allowance for credit losses rose to $332 million, or 0.91% of receivables
Expert Statements
Dave Walton, President of Cat Financial and Senior Vice President with responsibility for the Financial Products Division of Caterpillar Inc.
“Cat Financial delivered another quarter of strong results. Our portfolio continues to perform well with past dues remaining at historical lows”
Dave Walton, President of Cat Financial and Senior Vice President with responsibility for the Financial Products Division of Caterpillar Inc.
“The Cat Financial team remains focused on executing our strategy and providing financial services solutions to support Caterpillar customers and dealers.”
NASHVILLE, Tenn., Oct. 29, 2026 /PRNewswire/ -- Cat Financial reported third-quarter 2026 revenues of $1.02 billion, an increase of $95 million, or 10%, compared with $926 million in the third quarter of 2025. The increase in revenues was primarily due to a favorable impact from higher average earning assets of $125 million, partially offset by an unfavorable impact from lower average financing rates of $38 million. Third-quarter 2026 profit was $145 million, an increase of $11 million, or 8%, compared with $134 million profit in the third quarter of 2025.
Third-quarter 2026 profit before income taxes was $194 million, an increase of $10 million, or 5%, compared with $184 million profit in the third quarter of 2025. The increase was mainly driven by a favorable impact from higher average earning assets of $52 million and a favorable impact from returned or repossessed equipment of $8 million, partially offset by higher provision for credit losses of $34 million and an unfavorable impact from margin of $19 million.
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