MILWAUKEE, Nov. 4, 2025 - Harley-Davidson, Inc.
(HDI) today reported third quarter 2025 results, with consolidated revenue up 17 percent versus the prior year driven primarily by a revenue increase of 23 percent at HDMC. The Company's operating income in the third quarter was $475 million, an increase of 349 percent compared to the prior year period, largely due to the positive impact of the HDFS transaction.
Harley-Davidson's Q3 results demonstrate the benefits of the strategic partnership with KKR and PIMCO, which has unlocked significant value for the Company. 2 billion in discretionary cash and set the foundation for higher returns and sustained growth.
Despite retail sales remaining challenged, Harley-Davidson's success begins with its dealerships, and the Company is intensifying its focus on strong and profitable dealerships, growing the connection riders have with the brand, locally relevant marketing, and capital-efficient growth. The HDFS transaction has also transformed Harley-Davidson Financial Services into a capital-light, de-risked business, ensuring no change for dealers or customers.
With this new structure in place, Harley-Davidson is well-positioned to drive long-term value creation. The Company's third quarter results reflect its commitment to delivering sustainable growth and creating value for its stakeholders.
As the Company looks to the future, it will continue to prioritize its dealerships, brand connection, marketing efforts, and capital-efficient growth strategies to drive success.