Lowe'sLOWEarnings & Financial Report
Lowe's Companies, Inc. is an American retail company specializing in home improvement. Headquartered in Mooresville, North Carolina, the company operates a chain of retail stores in the United States. As of October 28, 2022, Lowe's and its related businesses operated 2,181 home improvement and hardware stores in North America.
Revenue
$25.0B
Gross Profit
$8.4B
Operating Profit
$3.9B
Net Profit
$2.7B
Gross Margin
33.7%
Operating Margin
15.6%
Net Margin
10.7%
YoY Growth
6.3%
EPS
$4.56
Lowe's Q2 FY2024 Financial Summary
Lowe's reported revenue of $25.0B (up 6.3% YoY) for Q2 FY2024, with a net profit of $2.7B (up 1635.7% YoY) (10.7% margin). Cost of goods sold was $16.6B, operating expenses totaled $4.5B.
Key Financial Metrics
| Total Revenue | $25.0B |
|---|---|
| Net Profit | $2.7B |
| Gross Margin | 33.7% |
| Operating Margin | 15.6% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Lowe's Q2 FY2024 revenue of $25.0B breaks down across 3 segments, led by Products at $24.0B (96.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Products | $24.0B | 96.3% |
| Other Sales | $638.0M | 2.6% |
| Other | $343.0M | 1.4% |
Lowe's Revenue by Segment — Quarterly Trend
Lowe's revenue by segment across the last 4 reported quarters, showing how each business line (such as Products and Other Sales) has evolved quarter over quarter.
| Segment | Q3 FY2026 | Q1 FY2026 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Products | — | $20.2B | $19.3B | $22.7B |
| Other Sales | — | $424.0M | $573.0M | $610.0M |
| Other | $384.0M | — | $334.0M | $329.0M |
Lowe's Annual Revenue by Year
Lowe's annual revenue history includes year-by-year totals (for example, 2024 revenue was $86.4B).
| Year | Annual Revenue |
|---|---|
| 2024 | $86.4B |
Lowe's Quarterly Revenue & Net Profit History
Lowe's 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 | $20.8B | +3.2% | $1.6B | 7.8% |
| Q1 FY2026 | $20.9B | -2.0% | $1.6B | 7.8% |
| Q3 FY2025 | $20.2B | -1.5% | $1.7B | 8.4% |
| Q2 FY2025 | $23.6B | -5.5% | $2.4B | 10.1% |
| Q1 FY2025 | $21.4B | -4.4% | $1.8B | 8.2% |
| Q4 FY2024 | $18.6B | -17.1% | $1.0B | 5.5% |
| Q3 FY2024 | $20.5B | +0.0% | $1.8B | 8.7% |
| Q2 FY2024 | $25.0B | +6.3% | $2.7B | 10.7% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q1 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $24.96B | $20.47B | $18.60B | $21.36B | $23.59B | $20.17B | $20.93B | $20.81B |
| YoY Growth | 6.3% | 0.0% | -17.1% | -4.4% | -5.5% | -1.5% | -2.0% | 3.2% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q1 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $44.52B | $42.52B | $41.80B | $45.37B | $44.93B | $44.74B | $45.37B | $53.45B |
| Liabilities | $59.25B | $57.67B | $56.84B | $59.97B | $58.70B | $58.16B | $58.63B | $63.84B |
| Equity | $-14.73B | $-15.15B | $-15.05B | $-14.61B | $-13.76B | $-13.42B | $-13.25B | $-10.38B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q1 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $3.86B | $1.06B | $1.11B | $4.26B | $3.15B | $1.30B | $3.38B | $687.0M |