Filing Flows › Home Depot (HD) › Operating margin
Home Depot (HD) operating margin by quarter
Home Depot's operating margin was 14.3% in Q2 FY27 (second quarter fiscal 2027), +2.4 pts from Q1 FY27. Over the last 7 quarters it ranged from 10.1% (Q4 FY26) to 14.5% (Q2 FY26).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q2 FY27 | 14.3% | +2.4 pts | -0.2 pts |
| Q1 FY27 | 11.9% | +1.8 pts | -1.0 pts |
| Q4 FY26 | 10.1% | -2.9 pts | -1.2 pts |
| Q3 FY26 | 12.9% | -1.5 pts | — |
| Q2 FY26 | 14.5% | +1.6 pts | — |
| Q1 FY26 | 12.9% | +1.6 pts | — |
| Q4 FY25 | 11.3% | — | — |
Q2 FY27 at a glance
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
What is Home Depot's operating margin?
Home Depot's operating margin was 14.3% in Q2 FY27 (second quarter fiscal 2027), +2.4 pts from Q1 FY27.
How has Home Depot's operating margin changed?
Over the last 7 quarters it ranged from 10.1% (Q4 FY26) to 14.5% (Q2 FY26).