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Lowe's Companies (LOW) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Mar 23, 2026
Lowe's Companies (LOW) reported revenue of $20.6B for the fourth quarter fiscal 2026 (Q4 FY26), +11% from a year earlier and -1% from the quarter before. Operating margin was 8.3%, net earnings $1.0B (4.9% of revenue).
Lowe's Companies, Q4 FY26: revenue $20.6B (+11% year over year), operating margin 8.3%, net earnings $1.0B, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.6B | -1% | +11% |
| Gross profit | $6.7B | -6% | +10% |
| Operating profit | $1.7B | -31% | -7% |
| Net earnings | $1.0B | -38% | -11% |
| Operating cash flow | $1.6B | +128% | +72% |
| Free cash flow | $964M | +971% | +166% |
What changed
Revenue was $20.6B in Q4 FY26, up 11% year over year and down 1% from the previous quarter. Products was the largest line at 95% of revenue.
Gross margin was 32.5%, down 0.4 points from Q4 FY25. Operating profit was $1.7B, a 8.3% margin (down 1.6 points year over year). Operating profit fell $0.12B even though revenue rose $2.0B versus Q4 FY25, so costs grew faster than sales. Operating expenses grew 17% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+27%). Net earnings were $1.0B, down 11% year over year. The effective tax rate was 23.3%.
Operating cash flow was $1.6B (up 72% year over year), 157% of net earnings. Non-cash charges added back $0.64B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items used $0.14B. Capital expenditures of $0.60B left free cash flow of $1.0B.
Questions
What was Lowe's Companies' revenue in the fourth quarter fiscal 2026?
Lowe's Companies (LOW) reported revenue of $20.6B for the fourth quarter fiscal 2026 (Q4 FY26), +11% from a year earlier and -1% from the quarter before.
Was Lowe's Companies profitable in the fourth quarter fiscal 2026?
Operating profit was $1.7B (8.3% of revenue) and net earnings $1.0B.
Source: Lowe's Companies 10-K on SEC EDGAR.