Filing Flows › Home Depot (HD) › Q2 FY27
Home Depot (HD) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Aug 25, 2026
Home Depot (HD) reported revenue of $47.9B for the second quarter fiscal 2027 (Q2 FY27), +6% from a year earlier and +15% from the quarter before. Operating margin was 14.3%, net earnings $4.8B (10.0% of revenue).
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.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $47.9B | +15% | +6% |
| Gross profit | $16.1B | +17% | +7% |
| Operating profit | $6.8B | +37% | +4% |
| Net earnings | $4.8B | +45% | +5% |
| Operating cash flow | $5.4B | -11% | +16% |
| Free cash flow | $4.5B | -13% | +21% |
What changed
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.
Questions
What was Home Depot's revenue in the second quarter fiscal 2027?
Home Depot (HD) reported revenue of $47.9B for the second quarter fiscal 2027 (Q2 FY27), +6% from a year earlier and +15% from the quarter before.
Was Home Depot profitable in the second quarter fiscal 2027?
Operating profit was $6.8B (14.3% of revenue) and net earnings $4.8B.
Source: Home Depot 10-Q on SEC EDGAR.