CAT · 8-K · 20260804PR000040

Operating Expense Trends

CATERPILLAR INC · 2026-08-04 · Importance 41 · Surprise 22 · No source text

Selling, general and administrative expenses increased 19% year over year to $2.018 billion in the second quarter of 2026 from $1.694 billion. Research and development expenses increased 12% to $616 million from $551 million. Total operating costs rose to $16.248 billion from $13.709 billion as cost of goods sold increased to $12.781 billion from $10.807 billion. Financial Products interest expense increased to $362 million from $336 million, while other operating income and expenses rose to $471 million from $321 million.

Key facts

• Three months ended June 30, 2026 - U.S. GAAP operating profit: $4,295 million; restructuring costs - divestiture of certain non-U.S. entities: $139 million; other restructuring costs: $63 million; adjusted operating profit: $4,497 million; adjusted operating profit margin: 21.9%; adjusted profit per share: $8.17. source
• Corporate items and eliminations expense was $518 million in the second quarter of 2026, a decrease of $84 million from the second quarter of 2025. source
• Depreciation and amortization for the six months ended June 30, 2025: $1,094 million consolidated; $716 million Machinery, Power & Energy; $378 million Financial Products. source
• Provision (benefit) for deferred income taxes for the six months ended June 30, 2025: $(110) million consolidated; $(88) million Machinery, Power & Energy; $(22) million Financial Products. source

Impact estimates