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Private company

DEERE JOHN CAPITAL CORP

DEERE JOHN CAPITAL CORP is an American short-term business credit institutions company based in Madison.1

Last updated Oct 21, 2026.

Overview

$4.9BRevenue, fiscal 20252
$702.9MNet income, fiscal 20252
  • IndustryShort-Term Business Credit Institutions1
  • HeadquartersMadison, Wisconsin1
  • Incorporated inDE3
  • Business addressP. O. Box 5328, Madison, Wi 53705-03283
  • Filer categoryNon-accelerated filer3

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All forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected. Important factors that could cause actual results to differ materially from our expectations, or cautionary statements, and other important information about forward-looking statements are disclosed under Item 1A, “Risk Factors,” and Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations–Forward-Looking Statements” in this Annual Report on Form 10-K.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

14.2%Net margin2
-0.1%Revenue growth, 20252
11.9%Return on equity2

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin9¢$458.0M
  • Other costs23¢$1.1B
  • Interest50¢$2.5B
  • Income tax4¢$201.9M
  • Profit14¢$702.9M

Out of $4.9B in revenue.2

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid53¢$1.1B
  • Kept or used elsewhere47¢$940.8M

Out of $2.0B of cash from operations.2

Financial statements

Revenue567892$4.9B in 2025+95% since 2018
0$2.0B$4.0B$6.0B2018: $2.5B$2.5B20182019: $2.9B$2.9B2019+14%2020: $2.8B$2.8B2020−3%2021: $2.7B$2.7B2021−3%2022: $2.8B$2.8B2022+3%2023: $4.0B$4.0B2023+42%2024: $4.9B$4.9B2024+24%2025: $4.9B$4.9B2025−0%
Net income567892$702.9M in 2025−12% since 2018
0$200.0M$400.0M$600.0M$800.0M2018: $799.2M$799.2M20182019: $419.2M$419.2M2019−48%2020: $425.0M$425.0M2020+1%2021: $687.2M$687.2M2021+62%2022: $693.6M$693.6M2022+1%2023: $572.3M$572.3M2023−17%2024: $581.4M$581.4M2024+2%2025: $702.9M$702.9M2025+21%
Fiscal year20182019202020212022202320242025
Revenue$2.5B5$2.9B6$2.8B7$2.7B8$2.8B9$4.0B2$4.9B2$4.9B2
Selling, general and admin$402.1M5$533.0M6$470.6M7$471.8M8$501.6M9$569.4M2$521.7M2$458.0M2
Operating expenses$1.4B8$1.4B9$1.6B2$1.7B2$1.6B2
Operating income
Interest$737.2M5$987.8M6$743.9M7$472.9M8$497.3M9$1.7B2$2.5B2$2.5B2
Income before tax$878.2M8$894.4M9$733.8M2$727.4M2$900.5M2
Income tax-$217.2M5$95.5M6$134.1M7$193.8M8$205.6M9$165.9M2$150.8M2$201.9M2
Net income$799.2M5$419.2M6$425.0M7$687.2M8$693.6M9$572.3M2$581.4M2$702.9M2

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What it owns

What DEERE JOHN CAPITAL CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.6B2 Nov 2, 2025$1.6B2 Oct 27, 2024−0.2%

Properties, in its own words

We own office buildings in Johnston, Iowa; and lease office space in Middleton, Wisconsin; Rosario, Argentina; Brisbane, Australia; Gloucester, England; Langar, England; Ormes, France; Walldorf, Germany; Milan, Italy; Luxembourg City, Luxembourg; Monterrey, Mexico; Poznan, Poland; and Parla, Spain. We believe our properties are adequate and suitable for our business as presently conducted and are adequately maintained.

Item 2 of the 10-K filed Dec 18, 2025.4

Timeline

  1. Sep 11, 20268-K Financial statements and exhibits15
  2. Aug 20, 20268-K Results of operations; Regulation FD disclosure; Other events16
  3. Jun 26, 20268-K Financial statements and exhibits17
  4. May 21, 20268-K Results of operations; Regulation FD disclosure; Other events18
  5. May 15, 20268-K Financial statements and exhibits19
  6. Apr 28, 20268-K Financial statements and exhibits20
  7. Mar 10, 20268-K Financial statements and exhibits21
  8. Feb 19, 20268-K Results of operations; Regulation FD disclosure; Other events22
  9. Jan 7, 20268-K Financial statements and exhibits23
  10. Nov 26, 20258-K Results of operations; Regulation FD disclosure; Other events24
  11. Sep 11, 20258-K Financial statements and exhibits25
  12. Aug 14, 20258-K Results of operations; Regulation FD disclosure; Other events26

Calendar

Coming up

  1. Around Nov 19, 2026Next results, estimated About a quarter after its last report. The company hasn't announced the date.

When it reported results

  1. Aug 20, 2026Reported quarterly or annual results16
  2. May 21, 2026Reported quarterly or annual results18
  3. Feb 19, 2026Reported quarterly or annual results22
  4. Nov 26, 2025Reported quarterly or annual results24
  5. Aug 14, 2025Reported quarterly or annual results26
  6. May 15, 2025Reported quarterly or annual results27
  7. Feb 13, 2025Reported quarterly or annual results28
  8. Nov 21, 2024Reported quarterly or annual results29

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

226 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 61 major events, 145 other. The latest 20:

  1. Sep 11, 20268-K EDGAR
  2. Sep 9, 2026424B2 EDGAR
  3. Sep 9, 2026424B2 EDGAR
  4. Sep 9, 2026424B2 EDGAR
  5. Sep 9, 2026424B2 EDGAR
  6. Sep 9, 2026FWP EDGAR
  7. Sep 9, 2026FWP EDGAR
  8. Sep 9, 2026FWP EDGAR
  9. Sep 9, 2026FWP EDGAR
  10. Aug 27, 202610-Q EDGAR
  11. Aug 20, 20268-K EDGAR
  12. Jun 26, 20268-K EDGAR
  13. Jun 25, 2026424B2 EDGAR
  14. Jun 24, 2026FWP EDGAR
  15. May 28, 202610-Q EDGAR
  16. May 21, 20268-K EDGAR
  17. May 15, 20268-K EDGAR
  18. May 14, 2026S-3ASR EDGAR
  19. Apr 28, 20268-K EDGAR
  20. Apr 24, 2026424B2 EDGAR

The 226 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How DEERE JOHN CAPITAL CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDEERE JOHN CAPITAL CORP1
  • CIK0000027673
  • Employer ID (EIN)36-23863614
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsNovember 11
  • Industry code (SIC)6153 Short-Term Business Credit Institutions1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business addressP. O. Box 5328, Madison, WI 53705-03281
  • Mailing addressOne John Deere Place, Moline, IL 61265-80981
  • Phone(800) 438-73941
  • Shares outstanding2,500 as of Aug 27, 202612
  • Public float$0 as of Nov 2, 20252
  • AuditorDeloitte & Touche LLP, Chicago, Illinois PCAOB ID 34; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJan 28, 19941
  • Filings1,205 in all: 424B3 (349), 8-K (245), FWP (214), 424B2 (210), 10-Q (99), 10-K (30), 424B5 (15), S-3 (11)1
    All 20 form types

    S-3ASR (7), 8-A12B (5), S-3/A (4), 10-K405 (3), 25-NSE (3), 8-K/A (2), CERTNYS (2), REGDEX/A (2), 10-Q/A (1), 25 (1), CERT (1), POS EX (1)

  • Latest filingsAnnual report (10-K) Dec 18, 2025
    Quarterly report (10-Q) Aug 27, 2026
    Latest 8-K (8-K) Sep 11, 2026

Securities registered for trading

ClassSymbolExchange
2.00% Senior Notes Due 2031JDCC 31New York Stock Exchange

From the cover page of the 10-K filed Dec 18, 2025 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks DEERE JOHN CAPITAL CORP names in Item 1A of its 10-K filed Dec 18, 2025: 25 risks under these headings, as written.4

  • GEOPOLITICAL AND MACROECONOMIC RISKS
  • John Deere’s and our financial results largely depend upon the agricultural market business cycle, as well as general economic conditions and outlook. Negative conditions in the agricultural industry and general economy cause weakened demand for John Deere’s equipment and services, limit access to funding, and result in higher funding costs for us and John Deere.
  • John Deere faces risks associated with international, national, and regional trade laws, regulations, and policies that could materially impair John Deere’s profitability. As our volume of Receivables and Leases is largely dependent upon the level of retail sales and leases of John Deere products, these regulatory drivers could also negatively impact our profitability.
  • John Deere’s and our international operations expose us to risks and events beyond our control in countries in which we operate.
  • John Deere may be affected by changing worldwide demand for food and different forms of renewable energy can impact the price of farm commodities and consequently the demand for John Deere equipment. This could result in higher research and development costs related to changing machine fuel requirements.
  • STRATEGIC RISKS
  • Our profitability and the financial condition of our operations are dependent upon the operations of John Deere.
  • John Deere relies on a network of independent dealers to manage the distribution of its products and services. If dealers are unsuccessful with their sales and business operations, it could have an adverse effect on overall John Deere sales and revenue.
  • John Deere may not realize the anticipated benefits of its Smart Industrial Operating Model and Leap Ambitions.
  • John Deere’s and our reputation and brand could be damaged by negative publicity.
  • FINANCIAL RISKS
  • Because we are a financing company, negative economic conditions in the financial industry could materially impact our operations and financial results.
The other 16 risks
  • Changes in interest rate or market liquidity conditions, as well as changes in government banking, monetary, and fiscal policies, could adversely affect our financials and our earnings and/or cash flows.
  • Changes in tax rates, tax legislation, or exposure to additional tax liabilities could have a negative effect on us and John Deere.
  • We depend on the accuracy and completeness of information furnished by and on behalf of our customers. Reliance on inaccurate information could have a material effect on our financials and results of operations.
  • OPERATIONAL RISKS
  • We could suffer operational and financial harm if our use of models and data fail to properly anticipate and manage risk.
  • Our results could be adversely affected by a decrease in the value of used equipment or higher than estimated returns of equipment on operating lease.
  • The financial services industry is rapidly evolving, and we may not be successful in introducing new products or services.
  • Changes in the availability and price of certain raw materials, components, and whole goods have resulted and could result in disruptions to the supply chain causing production disruptions, increased costs, and lower profits on sales of John Deere products. As our volume of Receivables and Leases is largely dependent upon the level of retail sales and leases of John Deere products, supply chain disruptions and impacts of price increases could negatively impact our future volumes.
  • Unexpected events have increased and may in the future increase John Deere’s and our cost of doing business or disrupt our operations.
  • TALENT RISKS
  • Our ability to attract, develop, engage, and retain qualified employees could affect our ability to execute our strategy.
  • CYBERSECURITY AND DIGITAL RISKS
  • Security breaches and other disruptions to our information technology infrastructure could interfere with our operations and could compromise our information as well as information about our employees, customers, and/or John Deere dealers, exposing us to liability that could cause our business and reputation to suffer.
  • Technical or regulatory limitations may impact John Deere’s and our ability to effectively implement automation, autonomy, and artificial intelligence solutions.
  • Disruption of John Deere’s or our technology systems or unexpected network interruption could disrupt our business.
  • Our operations are affected by risks associated with our use of vendors and other third-party service providers.
  • LEGAL AND REGULATORY COMPLIANCE RISKS
  • Our global operations are subject to complex and changing laws and regulations, the violation of which could expose us to potential liabilities, increased costs, and other adverse effects.
  • Governmental actions designed to address climate change based on the emergence of new technologies and business models in connection with the transition to a lower-carbon economy could adversely affect John Deere and its customers.
  • Legal proceedings, disputes and government inquiries could harm our business, financial condition, reputation, and brand.

Legal proceedings

We are subject to various unresolved legal actions, the most prevalent of which relate to retail credit matters. Currently we believe the reasonably possible range of losses, if any, for these unresolved legal actions would not have a material effect on our consolidated financial statements; however, the outcome of any current or future proceedings, claims or investigations cannot be predicted with certainty.

The opening of Item 3, Legal Proceedings.4

Sources

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