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Cat Financial First-Quarter 2026 Results

On April 30, 2026, Cat Financial, a key subsidiary of Caterpillar Inc., shared its financial performance details for the first quarter of 2026, revealing encouraging growth metrics. The company reported that its revenues reached an impressive $947 million, marking an increase of $87 million or 10% compared to the $860 million reported in the first quarter of 2025. This growth is largely attributed to a favorable impact from higher average earning assets.

In addition to revenue growth, Cat Financial reported a profit of $144 million for the first quarter of 2026. This figure represents an increase of $14 million, or 11%, versus the $130 million profit from the same quarter in 2025. Profit before income taxes was also strong, amounting to $195 million, a 12% increase from the prior year's $174 million. These increases highlight the firm's solid operational performance amid a competitive financial landscape.

The financial results were further bolstered by the retail new business volume, which reached $3.19 billion, up $226 million or 8% from the $2.96 billion achieved in the first quarter of the previous year. The improvement in new business volume reflects higher activity levels in key sectors, particularly Mining, North America, Asia Pacific, and Power.

Despite these successes, Cat Financial noted some challenges, including a rise in general operational and administrative expenses that increased by $22 million. However, these costs were more than offset by the gains realized from higher average earning assets.

As of March 31, 2026, past dues at Cat Financial were reported at 1.39%, a decline from 1.58% the previous year, signaling improved credit quality among its customer base. Additionally, the net write-offs for the quarter were $29 million, compared to $20 million in the first quarter of 2025. The allowance for credit losses totaled $283 million, representing 0.86% of finance receivables, which remained consistent with previous periods.

Dave Walton, President of Cat Financial, shared his insights: "The Cat Financial team's focus on supporting Caterpillar customers and dealers with financial services solutions continues to deliver solid operational results. Retail new business volume was strong, and our portfolio continues to perform well, with past dues remaining at historically low levels."

Cat Financial's robust performance in Q1 highlights its commitment to meeting the financial needs of Caterpillar's diverse clientele. The company, headquartered in Nashville, Tennessee, remains a leading provider of financing solutions not only within the United States but also across various international markets.

For those intrigued by the specifics of Cat Financial’s financial standing, detailed statistical highlights comparing the first quarter of 2026 to the same period in 2025 are available:

• - Revenues: $947 million vs. $860 million (10% increase)
• - Profit Before Income Taxes: $195 million vs. $174 million (12% increase)
• - Profit: $144 million vs. $130 million (11% increase)
• - Retail New Business Volume: $3.19 billion vs. $2.96 billion (8% increase)
• - Total Assets: Slight decrease, reported at $38.163 billion vs. $38.313 billion at the end of December 2025.

In conclusion, Cat Financial’s Q1 2026 results underscore its solid growth trajectory and effectiveness in navigating through operational challenges while maintaining a strong support system for customers in the construction and mining sectors. As it looks forward, the company is poised to continue delivering financial solutions tailored to the needs of its broad customer base around the globe.