Filing Flows › Home Depot (HD) › Q4 FY26
Home Depot (HD) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Mar 18, 2026
Home Depot (HD) reported revenue of $38.2B for the fourth quarter fiscal 2026 (Q4 FY26), -4% from a year earlier and -8% from the quarter before. Operating margin was 10.1%, net earnings $2.6B (6.7% of revenue).
Home Depot, Q4 FY26: revenue $38.2B (-4% year over year), operating margin 10.1%, net earnings $2.6B, operating cash flow $3.3B. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $38.2B | -8% | -4% |
| Gross profit | $12.5B | -10% | -4% |
| Operating profit | $3.8B | -28% | -14% |
| Net earnings | $2.6B | -29% | -14% |
| Operating cash flow | $3.3B | -17% | -28% |
| Free cash flow | $2.3B | -26% | -36% |
What changed
Revenue was $38.2B in Q4 FY26, down 4% year over year and down 8% from the previous quarter. Net sales – products was the largest line at 97% of revenue.
Gross margin was 32.6%, down 0.2 points from Q4 FY25. Operating profit was $3.8B, a 10.1% margin (down 1.2 points year over year). Operating expenses grew 1% against a revenue fall of 4%. Net earnings were $2.6B, down 14% year over year. The effective tax rate was 22.0%.
Operating cash flow was $3.3B (down 28% year over year), 130% of net earnings. Non-cash charges added back $0.91B of depreciation and amortization and $0.11B of share-based compensation. Working capital and other items used $0.25B. Capital expenditures of $1.1B left free cash flow of $2.3B.
Questions
What was Home Depot's revenue in the fourth quarter fiscal 2026?
Home Depot (HD) reported revenue of $38.2B for the fourth quarter fiscal 2026 (Q4 FY26), -4% from a year earlier and -8% from the quarter before.
Was Home Depot profitable in the fourth quarter fiscal 2026?
Operating profit was $3.8B (10.1% of revenue) and net earnings $2.6B.
Source: Home Depot 10-K on SEC EDGAR.