Daimler Truck Financial Services originations drops 12.4% YoY

Daimler Truck Financial Services‘ originations fell amid foreign exchange headwinds and elevated credit risk tied to a prolonged freight recession.

According to today’s earnings presentation, German OEM Daimler Truck‘s captive financing arm reported for full-year 2025:

Adjusted EBIT rose 36.1% year over year to 181 million euros ($208.4 million);
New business volume, or originations, declined 12.4% YoY to $11.5 billion
Penetration rate increased 8 basis points to 22.7%; and
Total contract volume fell 8.1% YoY to $34 billion.

Meanwhile, Daimler Truck Group reported for full-year 2025:

Revenue totaled $56.9 billion, down 8.7% YoY;
Adjusted EBIT declined 19.1% YoY to $4.4 billion;
Adjusted return on sales fell to 7.8% from 8.9%;
Unit sales decreased 8% YoY to 423,000 vehicles; and
Incoming orders increased 1.9% YoY to 425,000 units.

The decline in truck group revenue was largely driven by weaker performance in the Trucks North America segment as the U.S. freight market softened and tariff pressures weighed on volumes, according to the presentation. Trucks North America’s revenue fell to $21.5 billion in 2025 from $27.4 billion in 2024, while adjusted return on sales declined to 10.7% from 12.9%.

For 2026, Daimler Truck expects the North American heavy-duty truck market to range between 250,000 and 290,000 units. The company forecasts group revenue of $48.4 billion to $53 billion in 2026, with adjusted return on sales of 6% to 8%.

Shares of Daimler Truck Holding AG [OTCMKTS: DTRUY] were trading at $25.05 at market close today, up 2.2% from market open. Daimler has a market capitalization of $37.2 billion.

Editor’s note: All amounts have been converted to U.S. dollars.

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