CAT · 10-Q · 2026Q3 · Full report

Finance Receivables Activity

CATERPILLAR INC · 2026-11-04 · Importance 30 · Surprise 40 · Matches filing data

Financial Products’ nine-month segment profit increased 19% to $837 million, with $137 million of benefit from higher average earning assets and a $56 million offset from higher Cat Financial credit-loss provisions. Third-quarter past dues at Cat Financial declined to 1.31% from 1.47% a year earlier, and net write-offs decreased to $28 million from $40 million. At September 30, 2026, the allowance for credit losses was $332 million, or 0.91% of finance receivables, compared with $284 million, or 0.86%, at year-end 2025.

Key facts

• Financial Products net cash used for investing activities was $3.743 billion in the first nine months of 2026, compared with $2.150 billion in the same period of 2025; the change was primarily due to portfolio-related activity. source
• Cat Financial write-offs, net of recoveries, were $28 million in third-quarter 2026, compared with $40 million in third-quarter 2025. source
• As of September 30, 2026, Cat Financial's allowance for credit losses was $332 million, or 0.91% of finance receivables, compared with $294 million, or 0.84%, at June 30, 2026. source
• At the end of third-quarter 2026, Cat Financial past dues were 1.31%, compared with 1.47% at the end of third-quarter 2025. source
• Cat Financial's allowance for credit losses at year-end 2025 was $284 million, or 0.86% of finance receivables. source

Impact estimates