AGCO Corporation
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of AGCO Corporation (AGCO). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Europe/ Middle East | $5.37B 58.7% | $6.22B 55.9% · +15.9% | $6.45B 51.0% · +3.6% | $7.54B 52.3% · +17.0% | $6.81B 58.4% · -9.6% | $6.74B 66.8% · -1.1% |
| North America | $2.18B 23.8% | $2.66B 23.9% · +22.3% | $3.18B 25.1% · +19.4% | $3.75B 26.0% · +18.2% | $2.85B 24.4% · -24.0% | $1.67B 16.5% · -41.6% |
| South America | $873.8M 9.6% | $1.31B 11.7% · +49.7% | $2.12B 16.8% · +62.2% | $2.23B 15.5% · +5.3% | $1.32B 11.3% · -41.1% | $1.12B 11.1% · -15.2% |
| Asia/ Pacific/Africa | $734.0M 8.0% | $949.7M 8.5% · +29.4% | $907.4M 7.2% · -4.5% | $885.0M 6.1% · -2.5% | $682.8M 5.9% · -22.8% | $564.2M 5.6% · -17.4% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Europe/ Middle East | $585.3M 10.9% | – | – | – | – | – |
| North America | $193.7M 8.9% | – | – | – | – | – |
| South America | $29.3M 3.4% | – | – | – | – | – |
| Asia/ Pacific/Africa | $62.1M 8.5% | – | – | – | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| United States | $1.76B 19.3% | $2.12B 19.0% · +20.0% | $2.55B 20.1% · +20.4% | $2.96B 20.5% · +16.3% |
| Other Europe | $1.29B 14.1% | $1.65B 14.8% · +28.1% | $1.69B 13.4% · +2.3% | $1.87B 13.0% · +10.6% |
| Brazil | $667.1M 7.3% | $1.02B 9.1% · +52.6% | $1.75B 13.8% · +71.8% | $1.86B 12.9% · +6.4% |
| Germany | $1.28B 14.0% | $1.33B 12.0% · +4.0% | $1.39B 11.0% · +4.7% | $1.75B 12.1% · +25.4% |
| France | $1.08B 11.8% | $1.13B 10.1% · +4.5% | $1.22B 9.6% · +8.1% | $1.49B 10.4% · +22.5% |
| Finland and Scandinavia | $698.5M 7.6% | $836.3M 7.5% · +19.7% | $838.8M 6.6% · +0.3% | $837.3M 5.8% · -0.2% |
| United Kingdom and Ireland | $557.8M 6.1% | $635.3M 5.7% · +13.9% | $664.1M 5.2% · +4.5% | $703.1M 4.9% · +5.9% |
| Canada | $325.9M 3.6% | $436.7M 3.9% · +34.0% | $490.2M 3.9% · +12.3% | $637.9M 4.4% · +30.1% |
| Italy | $322.6M 3.5% | $451.6M 4.1% · +40.0% | $421.7M 3.3% · -6.6% | $457.1M 3.2% · +8.4% |
| Middle East and Algeria | $136.7M 1.5% | $184.4M 1.7% · +34.9% | $216.2M 1.7% · +17.2% | $427.7M 3.0% · +97.8% |
| Australia and New Zealand | $302.6M 3.3% | $360.9M 3.2% · +19.3% | $366.2M 2.9% · +1.5% | $378.0M 2.6% · +3.2% |
| Asia | $373.1M 4.1% | $436.5M 3.9% · +17.0% | $384.2M 3.0% · -12.0% | $362.7M 2.5% · -5.6% |
| Other South America | $198.3M 2.2% | $277.0M 2.5% · +39.7% | $358.0M 2.8% · +29.2% | $358.1M 2.5% · +0.0% |
| Mexico, Central America and Caribbean | $94.3M 1.0% | $119.2M 1.1% · +26.4% | $152.9M 1.2% · +28.3% | $169.1M 1.2% · +10.6% |
| Africa | $58.3M 0.6% | $152.3M 1.4% · +161.2% | $157.0M 1.2% · +3.1% | $144.3M 1.0% · -8.1% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Tractors | $5.27B 57.6% | $6.39B 57.3% · +21.1% | $7.42B 58.7% · +16.2% | $8.71B 60.4% · +17.3% | $7.06B 60.5% · -19.0% | $6.69B 66.4% · -5.2% |
| Replacement parts | $1.45B 15.8% | $1.69B 15.2% · +16.8% | $1.69B 13.3% · +0.0% | $1.82B 12.6% · +7.6% | $1.83B 15.7% · +0.6% | $1.87B 18.6% · +2.5% |
| Combines, application equipment and other machinery | – | – | $2.44B 19.3% | $2.82B 19.6% · +15.8% | $1.94B 16.7% · -31.2% | $1.51B 15.0% · -22.0% |
| Grain storage and protein production systems | $902.0M 9.9% | $1.08B 9.7% · +19.3% | $1.10B 8.7% · +2.4% | $1.06B 7.4% · -3.6% | $832.5M 7.1% · -21.7% | $1.3M 0.0% · -99.8% |
| Combines, application equipment and other machinery | $1.53B 16.7% | $1.99B 17.8% · +29.9% | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 12, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.