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.
LOW Q3 FY2026 Key Financial Metrics
Revenue
$20.8B
Gross Profit
$7.1B
Operating Profit
$2.5B
Net Profit
$1.6B
Gross Margin
34.2%
Operating Margin
11.9%
Net Margin
7.8%
YoY Growth
3.2%
EPS
$2.88
Lowe's Q3 FY2026 Financial Summary
Lowe's reported revenue of $20.8B (up 3.2% YoY) for Q3 FY2026, with a net profit of $1.6B (down 4.7% YoY) (7.8% margin). Cost of goods sold was $13.7B, operating expenses totaled $4.6B.
Key Financial Metrics
| Total Revenue | $20.8B |
|---|---|
| Net Profit | $1.6B |
| Gross Margin | 34.2% |
| Operating Margin | 11.9% |
| Report Period | Q3 FY2026 |
Revenue Breakdown
Lowe's Q3 FY2026 revenue of $20.8B breaks down across 5 segments, led by Home Decor at $7.8B (37.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Home Decor | $7.8B | 37.5% |
| Building Products | $6.9B | 33.0% |
| Hardlines | $5.1B | 24.6% |
| Services | $753.0M | 3.6% |
| Other | $384.0M | 1.8% |
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 | — | — | — |
| Services | $753.0M | $544.0M | — | — |
| 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).
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 |