Filing Flows › Home Depot (HD) › Q1 FY27 › vs Q1 FY26
Home Depot (HD) Q1 FY27 vs Q1 FY26 (year over year)
Home Depot's revenue rose $1.9B (+5%) from $39.9B in Q1 FY26 to $41.8B in Q1 FY27. The biggest changes: Net sales – products +$1.9B (+5%); Net sales – services −$15.0M (-1%). Gross margin 33.0% against 33.8% (-0.8 pts).
Home Depot, Q1 FY27: revenue $41.8B (+5% year over year), operating margin 11.9%, net earnings $3.3B, operating cash flow $6.0B. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 33.0% | 33.8% | -0.8 pts |
| Operating margin | 11.9% | 12.9% | -1.0 pts |
| Net margin | 7.9% | 8.6% | -0.7 pts |
| Free cash flow margin | 12.4% | 8.8% | +3.6 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Net sales – products | $40.4B | $38.5B | $1.9B | +5% |
| Net sales – services | $1.3B | $1.3B | −$15.0M | -1% |
| Revenue | $41.8B | $39.9B | $1.9B | +5% |
| Gross profit | $13.8B | $13.5B | $322M | +2% |
| Cost of revenue | $28.0B | $26.4B | $1.6B | +6% |
| Operating profit | $5.0B | $5.1B | −$152M | -3% |
| Operating expenses | $8.8B | $8.3B | $474M | +6% |
| Pre-tax earnings | $4.4B | $4.5B | −$165M | -4% |
| Other expense, net | $604M | $591M | $13.0M | +2% |
| SG&A | $8.0B | $7.5B | $429M | +6% |
| Other operating costs | $841M | $796M | $45.0M | +6% |
| Net earnings | $3.3B | $3.4B | −$144M | -4% |
| Income tax | $1.1B | $1.1B | −$21.0M | -2% |
| Depreciation & amortization | $910M | $855M | $55.0M | +6% |
| Share-based compensation | $178M | $170M | $8.0M | +5% |
| Working capital & other | $1.7B | −$133M | $1.8B | — |
| Operating cash flow | $6.0B | $4.3B | $1.7B | +39% |
| Free cash flow (OCF − capex) | $5.2B | $3.5B | $1.7B | +47% |
| Capital expenditures | $844M | $806M | $38.0M | +5% |
Questions
How much did Home Depot's revenue grow year over year in Q1 FY27?
Home Depot's revenue rose $1.9B (+5%) from $39.9B in Q1 FY26 to $41.8B in Q1 FY27.
What drove Home Depot's revenue change in Q1 FY27?
Net sales – products +$1.9B (+5%); Net sales – services −$15.0M (-1%).