Home Depot (The)HDEarnings & Financial Report
The Home Depot, Inc., often referred to as Home Depot, is an American multinational home improvement retail corporation which sells tools, construction products, appliances, and services including fuel and transportation rentals. Home Depot is the largest home improvement retailer in the United States. In 2021, the company had 490,600 employees and more than $151 billion in revenue. The company is headquartered in Cobb County, Georgia, with an Atlanta mailing address.
Revenue
$34.8B
Gross Profit
$11.5B
Operating Profit
$4.1B
Net Profit
$2.8B
Gross Margin
33.1%
Operating Margin
11.9%
Net Margin
8.1%
YoY Growth
-2.9%
EPS
$2.83
Home Depot (The) Q4 FY2024 Financial Summary
Home Depot (The) reported revenue of $34.8B (down 2.9% YoY) for Q4 FY2024, with a net profit of $2.8B (down 16.7% YoY) (8.1% margin). Cost of goods sold was $23.3B, operating expenses totaled $7.4B.
Key Financial Metrics
| Total Revenue | $34.8B |
|---|---|
| Net Profit | $2.8B |
| Gross Margin | 33.1% |
| Operating Margin | 11.9% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
Home Depot (The) Q4 FY2024 revenue of $34.8B breaks down across 6 segments, led by Major Product Line Building Materials at $13.5B (38.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Major Product Line Building Materials | $13.5B | 38.7% |
| Major Product Line Dcor | $12.7B | 36.5% |
| Other Segment | $2.9B | 8.4% |
| SRS Distribution Inc | $2.9B | 8.3% |
| Services | $1.5B | 4.4% |
| Other | $1.3B | 3.7% |
Home Depot (The) Revenue by Segment — Quarterly Trend
Home Depot (The) revenue by segment across the last 4 reported quarters, showing how each business line (such as Major Product Line Building Materials and Major Product Line Dcor) has evolved quarter over quarter.
| Segment | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Major Product Line Building Materials | $13.6B | $14.2B | — | $13.6B |
| Major Product Line Dcor | $12.9B | $13.9B | — | $12.9B |
| Services | $1.5B | $1.6B | $1.3B | $1.5B |
Home Depot (The) Annual Revenue by Year
Home Depot (The) annual revenue history includes year-by-year totals (for example, 2025 revenue was $159.5B).
| Year | Annual Revenue |
|---|---|
| 2025 | $159.5B |
| 2024 | $152.7B |
Home Depot (The) Quarterly Revenue & Net Profit History
Home Depot (The) results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2026 | $41.4B | +2.8% | $3.6B | 8.7% |
| Q2 FY2026 | $45.3B | +4.9% | $4.6B | 10.1% |
| Q1 FY2026 | $39.9B | +9.4% | $3.4B | 8.6% |
| Q4 FY2025 | $39.7B | +14.1% | $3.0B | 7.5% |
| Q3 FY2025 | $40.2B | +6.6% | $3.6B | 9.1% |
| Q2 FY2025 | $43.2B | +0.6% | $4.6B | 10.6% |
| Q1 FY2025 | $36.4B | -2.3% | $3.6B | 9.9% |
| Q4 FY2024 | $34.8B | -2.9% | $2.8B | 8.1% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $34.79B | $36.42B | $43.17B | $40.22B | $39.70B | $39.86B | $45.28B | $41.35B |
| YoY Growth | -2.9% | -2.3% | 0.6% | 6.6% | 14.1% | 9.4% | 4.9% | 2.8% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $76.53B | $79.23B | $96.85B | $97.26B | $96.12B | $99.16B | $100.05B | $106.27B |
| Liabilities | $75.49B | $77.41B | $92.43B | $91.48B | $89.48B | $91.20B | $89.38B | $94.16B |
| Equity | $1.04B | $1.82B | $4.42B | $5.79B | $6.64B | $7.96B | $10.66B | $12.12B |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $4.73B | $5.50B | $5.41B | $4.23B | $4.67B | $4.33B | $4.64B | $4.01B |