Filing Flows

Filing Flows › Consumer Discretionary › Home Depot (HD)

Home Depot (HD) earnings and revenue breakdown

Latest: Q2 FY27 · 10-Q filed Aug 25, 2026 · Home Depot (HD) Q2 FY27 earnings results →

Q2 FY27 Revenue up 6% year over year to $47.9B · 10¢ of every $1 of revenue kept as net profit · operating margin 14.3%

Home Depot made $47.9B in Q2 FY27 (+6% Y/Y): Net sales – products $46.3B, Net sales – services $1.6B. Operating margin 14.3%, net earnings $4.8B. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 25, 2026.

Revenue$47.9B
Year over year+6%
Operating margin14.3%
Net earnings$4.8B
Operating cash flow$5.4B

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

Home Depot Q2 FY27 revenue breakdown: Sankey diagram of revenue (Net sales – products, Net sales – services), costs, profit and cash flow
Home Depot Q2 FY27 revenue breakdown — free to use with credit and a link (terms). Share on X
Embed this chart on your site

Free to use with the credit line. Click a box to select the code.

What changed this quarter

Revenue was $47.9B in Q2 FY27, up 6% year over year and up 15% from the previous quarter. Net sales – products was the largest line at 97% of revenue. Net sales – products added $2.6B year over year (up 6%), 100% of the total change.

Gross margin was 33.7%, up 0.3 points from Q2 FY26. Operating profit was $6.8B, a 14.3% margin (down 0.2 points year over year). Of the extra revenue versus Q2 FY26, 11% reached operating profit, below the 14% margin then. Operating expenses grew 8% against revenue growth of 6%. Net earnings were $4.8B, up 5% year over year. The effective tax rate was 24.5%.

Operating cash flow was $5.4B (up 16% year over year), 113% of net earnings. Non-cash charges added back $0.93B of depreciation and amortization and $0.15B of share-based compensation. Working capital and other items used $0.45B. Capital expenditures of $0.88B left free cash flow of $4.5B.

Quarterly history

Home Depot revenue by quarterHome Depot revenue by quarter$39.7BQ4 FY25$39.9BQ1 FY26$45.3BQ2 FY26$41.4BQ3 FY26$38.2BQ4 FY26$41.8BQ1 FY27$47.9BQ2 FY27
Home Depot net earnings by quarterHome Depot net earnings by quarter$3.0BQ4 FY25$3.4BQ1 FY26$4.6BQ2 FY26$3.6BQ3 FY26$2.6BQ4 FY26$3.3BQ1 FY27$4.8BQ2 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 FY2710-QAug 25, 2026$47.9B+6%14.3%$4.8B$5.4B
Q1 FY2710-QMay 27, 2026$41.8B+5%11.9%$3.3B$6.0B
Q4 FY2610-KMar 18, 2026$38.2B-4%10.1%$2.6B$3.3B
Q3 FY2610-QNov 25, 2025$41.4B+3%12.9%$3.6B$4.0B
Q2 FY2610-QAug 26, 2025$45.3B+5%14.5%$4.6B$4.6B
Q1 FY2610-QMay 28, 2025$39.9B+9%12.9%$3.4B$4.3B
Q4 FY2510-KMar 21, 2025$39.7B+14%11.3%$3.0B$4.7B

Charts

Home Depot: revenue growth, year over year and quarter over quarterHome Depot: revenue growth, year over year and quarter over quarterY/YQ/Q+14%Q4 FY25+9%+0%Q1 FY26+5%+14%Q2 FY26+3%-9%Q3 FY26-4%-8%Q4 FY26+5%+9%Q1 FY27+6%+15%Q2 FY27
Latest (Q2 FY27): Y/Y +6%, Q/Q +15%.
Home Depot: where the cash came from (+) and went (−), TTM to Q2 FY27Home Depot: where the cash came from (+) and went (−), TTM to Q2 FY27Operating cash flow$18.8BDividends−$9.2BAcquisitions−$6.5BCapital spending−$3.7BNet borrowing (+) / repaid (−)−$2.6BOther financing$2.1BCash drawn (+) / kept (−)$719MShares issued$343MOther investing$91.0MExchange rates$36.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Home Depot: profit against cash, quarter by quarterHome Depot: profit against cash, quarter by quarterNet incomeOperating cash flow$3.6B$4.2BQ3 FY25$3.0B$4.7BQ4 FY25$3.4B$4.3BQ1 FY26$4.6B$4.6BQ2 FY26$3.6B$4.0BQ3 FY26$2.6B$3.3BQ4 FY26$3.3B$6.0BQ1 FY27$4.8B$5.4BQ2 FY27
Latest (Q2 FY27): Net income $4.8B, Operating cash flow $5.4B.
Home Depot: diluted shares by fiscal yearHome Depot: diluted shares by fiscal year1.08BFY211.06BFY221.02BFY231.00BFY24993MFY25995MFY26
-7.7% since FY21: buybacks shrank the count.
Home Depot: long-term debt falling due (FY26)Home Depot: long-term debt falling due (FY26)$4.7B2027$3.6B2028$3.1B2029$3.9B2030$2.1B2031$32.0BLater
Cash $1.4B, short-term investments —, long-term debt $49.4B at 2026-02-01.
Home Depot in its industry: growth against margin (5 companies, SIC 5211)Home Depot in its industry: growth against margin (5 companies, SIC 5211)revenue growth, year over year →↑ operating marginmedian +3%median 6%LOWBLDRFNDJCTCHD (+6%, 14%)
Retail-Lumber & Other Building Materials Dealers; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

Loading the interactive chart…

🌏Named in Asian annual reportsinteractive

Loading the interactive chart…

🔄Rotation against the market and its industry (RRG)interactive

Loading the interactive chart…

🔍Earnings qualityinteractive

Loading the interactive chart…

⚖️Fair value by methodinteractive

Loading the interactive chart…

🔭Outlook & guidanceinteractive

Loading the interactive chart…

📈Investments: gains and what it boughtinteractive

Loading the interactive chart…

🏭Its industry’s money flow (input-output)interactive

Loading the interactive chart…

Customers and suppliers named in filings

Buys from

About Home Depot

The Home Depot, Inc. is the world’s largest home improvement retailer based on net sales for fiscal 2025. We offer our customers a wide assortment of home improvement products, building materials, lawn and garden products, décor products, and facilities MRO products, in stores and online. We also provide a number of services, including home improvement installation services, and tool and equipment rental. As of the end of fiscal 2025, we o perated 2,359 stor es located throughout the U.S. (including the Commonwealth of Puerto Rico and the territories of the U.S. Virgin Islands and Guam), Canada, and Mexico. The Home Depot stores average approximately 104,000 square feet of enclosed space, with approximately 24,000 additional square feet of outside garden area.

In its own words, from its 10-K, filed Mar 18, 2026.

Home Depot against its Retail-Lumber & Other Building Materials Dealers peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +6% against the peers' median +3%. Operating margin: 14.3% against the peers' median 6.4%.

CompanyQuarterRevenueY/YOp. margin
HD Home DepotQ2 FY27$47.9B+6%14.3%
LOW Lowe's CompaniesQ2 FY27$26.0B+8%13.7%
BLDR Builders FirstSourceQ3 2026$3.9B-2%2.6%
FND Floor & Decor HoldingsQ3 2026$1.2B+3%6.4%
JCTC Jewett Cameron TradingQ3 FY26$9.9M-22%-7.8%

Source: Home Depot 10-Q on SEC EDGAR · CIK 354950 · Retail-Lumber & Other Building Materials Dealers

Guidance and outlook

Home Depot: what its forward-looking statements are about (10-Q filed 2026-08-25)Home Depot: what its forward-looking statements are about (10-Q filed 2026-08-25)Demand2Buybacks & dividends2Financing2Costs1Capital spending1
8 statements; tone -0.38 (−1 all cautious, +1 all confident); 2 hedged.
Home Depot: outlook statements against the filing beforeHome Depot: outlook statements against the filing beforeNew1Updated1Cautious3

13F: who owns HD and who is buying

Largest holders of HD (13F)Largest holders of HD (13F)Vanguard Group$34.3BBlackRock$28.8BVanguard Capital Management LLC$23.0BState Street$16.6BVanguard Portfolio Management LLC$9.1BGeode Capital Management, LLC$8.9BMorgan Stanley$8.0BCharles Schwab Investment Managem…$7.1BFMR LLC$6.4BCapital Research Global Investors$5.9B
Funds' net buying of HD by quarter (13F)Funds' net buying of HD by quarter (13F)−$130M2024-09$656M2024-12−$384M2025-03$6.5B2025-06−$3.0B2025-09$5.1B2025-12$2.7B2026-03$2.8B2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on HD

History

Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results

Compare HD with

中文版:家得宝(HD)财报

Español · Français