Filing Flows › Home Depot (HD) › Q3 FY26
Home Depot (HD) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Nov 25, 2025
Home Depot (HD) reported revenue of $41.4B for the third quarter fiscal 2026 (Q3 FY26), +3% from a year earlier and -9% from the quarter before. Operating margin was 12.9%, net earnings $3.6B (8.7% of revenue).
Home Depot, Q3 FY26: revenue $41.4B (+3% year over year), operating margin 12.9%, net earnings $3.6B, operating cash flow $4.0B. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $41.4B | -9% | +3% |
| Gross profit | $13.8B | -9% | +3% |
| Operating profit | $5.4B | -18% | -1% |
| Net earnings | $3.6B | -21% | -1% |
| Operating cash flow | $4.0B | -14% | -5% |
| Free cash flow | $3.1B | -16% | -9% |
What changed
Revenue was $41.4B in Q3 FY26, up 3% year over year and down 9% from the previous quarter. Products was the largest line at 96% of revenue. Products added $1.2B year over year (up 3%), 104% of the total change. Services declined 3%.
Gross margin was 33.4%, unchanged from a year earlier. Operating profit was $5.4B, a 12.9% margin (down 0.5 points year over year). Operating profit fell $0.07B even though revenue rose $1.1B versus a year earlier, so costs grew faster than sales. Operating expenses grew 6% against revenue growth of 3%. Net earnings were $3.6B, down 1% year over year. The effective tax rate was 24.3%.
Operating cash flow was $4.0B (down 5% year over year), 111% of net earnings. Non-cash charges added back $0.89B of depreciation and amortization and $0.12B of share-based compensation. Working capital and other items used $0.60B. Capital expenditures of $0.90B left free cash flow of $3.1B.
Questions
What was Home Depot's revenue in the third quarter fiscal 2026?
Home Depot (HD) reported revenue of $41.4B for the third quarter fiscal 2026 (Q3 FY26), +3% from a year earlier and -9% from the quarter before.
Was Home Depot profitable in the third quarter fiscal 2026?
Operating profit was $5.4B (12.9% of revenue) and net earnings $3.6B.
Source: Home Depot 10-Q on SEC EDGAR.