Filing Flows › Home Depot (HD) › Guidance history
Home Depot (HD) guidance history: what it guided and what it reported
Home Depot gave guidance in 13 earnings releases on file since Nov 14, 2023. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Tax rate: 2 of 2, on average -0.4 pts against the guided midpoint.
Gross margin
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | 33.1% (Feb 24, 2026) → reaffirmed 33.1% (May 19, 2026) → reaffirmed 33.1% (Aug 18, 2026) | — | to be reported | — |
| FY26 | 33.4% (Feb 25, 2025) → reaffirmed 33.4% (May 20, 2025) → reaffirmed 33.4% (Aug 19, 2025) → lowered 33.2% (Nov 18, 2025) | — | — | — |
| FY25 | 33.9% (Feb 20, 2024) → reaffirmed 33.9% (May 14, 2024) → lowered 33.5% (Aug 13, 2024) → reaffirmed 33.5% (Nov 12, 2024) | — | — | — |
Operating margin
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY25 | 14.1% (Feb 20, 2024) → reaffirmed 14.1% (May 14, 2024) | — | — | — |
| FY24 | 14.1%–14.2% (Nov 14, 2023) | — | — | — |
Adjusted operating margin
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | 12.8%–13.0% (Feb 24, 2026) → reaffirmed 12.8%–13.0% (May 19, 2026) → reaffirmed 12.8%–13.0% (Aug 18, 2026) | — | to be reported | — |
| FY26 | 13.4% (Feb 25, 2025) → reaffirmed 13.4% (May 20, 2025) → reaffirmed 13.4% (Aug 19, 2025) → lowered 13.0% (Nov 18, 2025) | — | — | — |
| FY25 | 13.8%–13.9% (Aug 13, 2024) → lowered 13.8% (Nov 12, 2024) | — | — | — |
Tax rate
Met or beat 2 of 2 periods (0 above, 1 within, 1 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | 24.3% (Feb 24, 2026) → reaffirmed 24.3% (May 19, 2026) → reaffirmed 24.3% (Aug 18, 2026) | — | to be reported | — |
| FY26 | 24.5% (Feb 25, 2025) → reaffirmed 24.5% (May 20, 2025) → reaffirmed 24.5% (Aug 19, 2025) → reaffirmed 24.5% (Nov 18, 2025) | 23.9% | below the range | -0.6 pts |
| FY25 | 24.5% (Feb 20, 2024) → reaffirmed 24.5% (May 14, 2024) → lowered 24.0% (Aug 13, 2024) → reaffirmed 24.0% (Nov 12, 2024) | 23.7% | within the range | -0.3 pts |
| FY24 | 24.5% (Nov 14, 2023) | — | — | — |
Interest expense
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $2.3B (Feb 24, 2026) → reaffirmed $2.3B (May 19, 2026) → reaffirmed $2.3B (Aug 18, 2026) | — | to be reported | — |
| FY26 | $2.2B (Feb 25, 2025) → reaffirmed $2.2B (May 20, 2025) → reaffirmed $2.2B (Aug 19, 2025) → raised $2.3B (Nov 18, 2025) | — | — | — |
| FY25 | $1.8B (Feb 20, 2024) → reaffirmed $1.8B (May 14, 2024) → raised $2.2B (Aug 13, 2024) → lowered $2.1B (Nov 12, 2024) | — | — | — |
| FY24 | $1.8B (Nov 14, 2023) | — | — | — |
Adjusted EPS
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $0.50 (Feb 24, 2026) → reaffirmed $0.50 (May 19, 2026) → reaffirmed $0.50 (Aug 18, 2026) | — | to be reported | — |
| FY26 | $0.40 (Feb 25, 2025) → reaffirmed $0.40 (May 20, 2025) → reaffirmed $0.40 (Aug 19, 2025) → raised $0.45 (Nov 18, 2025) | — | — | — |
| FY25 | $0.30 (Nov 12, 2024) | — | — | — |
The latest quarter
Home Depot, Q2 FY27: revenue $47.9B (+6% year over year), operating margin 14.3%, net earnings $4.8B, operating cash flow $5.4B. The chart follows the revenue to costs, profit and cash.
Questions
Does Home Depot beat its guidance?
Home Depot gave guidance in 13 earnings releases on file since Nov 14, 2023. Of 2 guided periods since reported, it met or beat its own guidance twice (100%). Tax rate: 2 of 2, on average -0.4 pts against the guided midpoint.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.