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How Lowe's Companies (LOW) makes money

Lowe's Companies (LOW) made $26.0B of revenue in the second quarter fiscal 2027 (Q2 FY27), +8% from a year earlier. Products brought in $24.7B (95%); Services brought in $783M (3%); Product and Service, Other brought in $439M (2%). Of every dollar of revenue, 33¢ was left as gross profit, 14¢ was left as operating profit, 9¢ was left as net earnings.

Drawing the Sankey…

Lowe's Companies revenue by segment, Q2 FY27Lowe's Companies revenue by segment, Q2 FY27Products$24.7BServices$783MProduct and Service, Other$439M
Lowe's Companies: revenue by line, Q4 FY26 to Q2 FY27Lowe's Companies: revenue by line, Q4 FY26 to Q2 FY27ProductsServicesProduct and Service, …OtherProducts: $24.7B latest$24.7BServices: $783M latestProduct and Service, Other: $439M latestOther: $0 latestQ4 FY26Q1 FY27Q2 FY27
The mix barely moved between Q4 FY26 and Q2 FY27.
Lowe's Companies revenue by quarterLowe's Companies revenue by quarter$18.6BQ4 FY25$20.9BQ1 FY26$24.0BQ2 FY26$20.8BQ3 FY26$20.6BQ4 FY26$23.1BQ1 FY27$26.0BQ2 FY27
Lowe's Companies: where each dollar of revenue goesLowe's Companies: where each dollar of revenue goesCost of revenue67¢Gross profit33¢Operating expenses19¢Operating profit14¢Income tax3¢Net earnings9¢Operating cash flow14¢Free cash flow12¢

Revenue by segment, Q2 FY27

SegmentRevenueShareQ/QY/Y
Products$24.7B95.3%+12%+8%
Services$783M3.0%+11%+20%
Product and Service, Other$439M1.7%+38%+33%

Where each dollar of revenue goes

LineQ2 FY27% of revenue
Revenue$26.0B100.0%
Cost of revenue$17.4B67.0%
Gross profit$8.6B33.0%
Operating expenses$5.0B19.4%
Operating profit$3.5B13.7%
Income tax$776M3.0%
Net earnings$2.4B9.2%
Operating cash flow$3.7B14.1%
Free cash flow$3.1B12.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 FY27$26.0B+8%
Q1 FY27$23.1B+10%
Q4 FY26$20.6B+11%
Q3 FY26$20.8B+3%
Q2 FY26$24.0B+2%
Q1 FY26$20.9B-2%
Q4 FY25$18.6B-0.3%

From Lowe's Companies' 10-Q filed Aug 27, 2026 (on EDGAR).

Questions

How does Lowe's Companies make money?

Lowe's Companies (LOW) made $26.0B of revenue in the second quarter fiscal 2027 (Q2 FY27), +8% from a year earlier. Products brought in $24.7B (95%); Services brought in $783M (3%); Product and Service, Other brought in $439M (2%). Of every dollar of revenue, 33¢ was left as gross profit, 14¢ was left as operating profit, 9¢ was left as net earnings.

What is Lowe's Companies' biggest business?

Products: $24.7B in the second quarter fiscal 2027, 95% of revenue, +8% from a year earlier.

What is Lowe's Companies' profit margin?

Net earnings were $2.4B, 9.2% of revenue, in the second quarter fiscal 2027; the operating margin was 13.7%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.