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
$21.4B
Gross Profit
$7.1B
Operating Profit
$2.7B
Net Profit
$1.8B
Gross Margin
33.2%
Operating Margin
12.4%
Net Margin
8.2%
YoY Growth
-4.4%
EPS
$3.06
Lowe's Q1 FY2025 Financial Summary
Lowe's reported revenue of $21.4B (down 4.4% YoY) for Q1 FY2025, with a net profit of $1.8B (down 22.3% YoY) (8.2% margin). Cost of goods sold was $14.3B, operating expenses totaled $4.4B.
Key Financial Metrics
| Total Revenue | $21.4B |
|---|---|
| Net Profit | $1.8B |
| Gross Margin | 33.2% |
| Operating Margin | 12.4% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
Lowe's Q1 FY2025 revenue of $21.4B breaks down across 5 segments, led by Home Decor at $7.7B (36.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Home Decor | $7.7B | 36.0% |
| Building Products | $6.6B | 31.1% |
| Hardlines | $6.6B | 31.0% |
| Other Sales | $410.0M | 1.9% |
| Other | $141.0M | 0.7% |
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 Home Decor and Building Products) has evolved quarter over quarter.
| Segment | Q3 FY2026 | Q1 FY2026 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Home Decor | $7.8B | — | — | — |
| Building Products | $6.9B | — | — | — |
| Hardlines | $5.1B | — | — | — |
| 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 |