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.
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

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
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 FY27 | 10-Q | Aug 25, 2026 | $47.9B | +6% | 14.3% | $4.8B | $5.4B |
| Q1 FY27 | 10-Q | May 27, 2026 | $41.8B | +5% | 11.9% | $3.3B | $6.0B |
| Q4 FY26 | 10-K | Mar 18, 2026 | $38.2B | -4% | 10.1% | $2.6B | $3.3B |
| Q3 FY26 | 10-Q | Nov 25, 2025 | $41.4B | +3% | 12.9% | $3.6B | $4.0B |
| Q2 FY26 | 10-Q | Aug 26, 2025 | $45.3B | +5% | 14.5% | $4.6B | $4.6B |
| Q1 FY26 | 10-Q | May 28, 2025 | $39.9B | +9% | 12.9% | $3.4B | $4.3B |
| Q4 FY25 | 10-K | Mar 21, 2025 | $39.7B | +14% | 11.3% | $3.0B | $4.7B |
Charts
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
- SMG — 34% of the supplier’s revenue · Stated in 10-K (XBRL) · source
- HLMN — 22% of the supplier’s revenue · Stated in 10-K (sentence) · source
- JELD — 17% of the supplier’s revenue · Stated in 10-K (sentence) · source
- CENT — 16% of the supplier’s revenue · Stated in 10-K (sentence) · source
- SWK — 15% of the supplier’s revenue · Stated in 10-K (sentence) · source
- MBC — 13% of the supplier’s revenue · Stated in 10-K (sentence) · source
- GFF — 12% of the supplier’s revenue · Stated in 10-K (XBRL) · source
- FBIN — 11% of the supplier’s revenue · Stated in 10-K (sentence) · source
- UFPI — 11% of the supplier’s revenue · Stated in 10-K (sentence) · source
- SPB · Stated in 10-K (10% or more of revenue) · source
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%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| HD Home Depot | Q2 FY27 | $47.9B | +6% | 14.3% |
| LOW Lowe's Companies | Q2 FY27 | $26.0B | +8% | 13.7% |
| BLDR Builders FirstSource | Q3 2026 | $3.9B | -2% | 2.6% |
| FND Floor & Decor Holdings | Q3 2026 | $1.2B | +3% | 6.4% |
| JCTC Jewett Cameron Trading | Q3 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
13F: who owns HD and who is buying
More on HD
- How Home Depot makes money: revenue by segment
- Home Depot next earnings date and what analysts expect
- Home Depot stock forecast, price target and fair value
- Who owns Home Depot stock: holders, funds and Congress trades
- Home Depot guidance and outlook
- Is Home Depot a takeover target? LBO and rumors
- Home Depot recalls, complaints and regulation
History
Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results
- Home Depot guidance history: guided vs reported
- Home Depot gross margin by quarter
- Home Depot operating margin by quarter
- Home Depot net income by quarter
- Home Depot free cash flow by quarter
- Home Depot capital expenditures by quarter
- Home Depot Net sales – products revenue by quarter
- Home Depot Net sales – services revenue by quarter