The Home Depot, Inc. (HD) Income Statement
HD FY2026 at a glance
Fiscal year ended January 31, 2026 · U.S. dollarsHD revenue and net income
Where HD's revenue goes
FY2026Each bar shows an amount and its share of revenue. HD kept 8.6% of revenue as net income.
HD profit margins
HD growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.2% | +1.5% | +4.5% | +6.4% |
| Gross profit | +2.9% | +1.3% | +4.1% | +6.1% |
| Operating income | −3.0% | −4.6% | +2.7% | +5.9% |
| Net income | −4.4% | −6.1% | +1.9% | +7.3% |
| EPS (diluted) | −1.5% | −4.1% | +4.1% | +10.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HD quarterly EPS vs estimates
Home Depot beat the analyst EPS estimate in 4 of the last 8 quarters. Next report: November 17, 2026 (estimate $3.86).
HD income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $164.68B | $159.51B | $152.67B | $157.40B | $151.16B | $132.11B | $110.22B | $108.20B | $100.90B | $94.59B |
| Cost of revenue | $109.82B | $106.21B | $101.71B | $104.62B | $100.33B | $87.26B | $72.65B | $71.04B | $66.55B | $62.28B |
| Gross profit | $54.87B | $53.31B | $50.96B | $52.78B | $50.83B | $44.85B | $37.57B | $37.16B | $34.36B | $32.31B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $30.70B | $28.75B | $26.60B | $26.28B | $25.41B | $24.45B | $19.74B | $19.51B | $17.86B | $17.13B |
| Total operating expenses | $33.98B | $31.78B | $29.27B | $28.74B | $27.79B | $26.57B | $21.73B | $21.63B | $19.68B | $18.89B |
| Operating income | $20.89B | $21.53B | $21.69B | $24.04B | $23.04B | $18.28B | $15.84B | $15.53B | $14.68B | $13.43B |
| Interest income | $124.0M | $201.0M | $178.0M | $55.0M | $44.0M | $47.0M | $73.0M | $93.0M | $74.0M | $36.0M |
| Interest expense | $2.41B | $2.32B | $1.94B | $1.62B | $1.35B | $1.35B | $1.20B | $1.05B | $1.06B | $972.0M |
| Income before taxes | $18.60B | $19.41B | $19.92B | $22.48B | $21.74B | $16.98B | $14.71B | $14.56B | $13.70B | $12.49B |
| Income taxes | $4.45B | $4.60B | $4.78B | $5.37B | $5.30B | $4.11B | $3.47B | $3.44B | $5.07B | $4.53B |
| Net income | $14.16B | $14.81B | $15.14B | $17.11B | $16.43B | $12.87B | $11.24B | $11.12B | $8.63B | $7.96B |
| EBITDA | $25.14B | $25.43B | $25.11B | $27.07B | $25.95B | $20.84B | $18.21B | $17.93B | $16.82B | $15.44B |
| EPS (diluted) | $14.70 | $14.92 | $15.10 | $16.68 | $15.52 | $12.02 | $10.25 | $9.89 | $7.45 | $6.45 |
| Gross margin | 33.3% | 33.4% | 33.4% | 33.5% | 33.6% | 34.0% | 34.1% | 34.3% | 34.0% | 34.2% |
| Operating margin | 12.7% | 13.5% | 14.2% | 15.3% | 15.2% | 13.8% | 14.4% | 14.4% | 14.5% | 14.2% |
| Net margin | 8.6% | 9.3% | 9.9% | 10.9% | 10.9% | 9.7% | 10.2% | 10.3% | 8.6% | 8.4% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $47.86B | $41.77B | $38.20B | $41.35B | $45.28B | $39.86B | $39.70B | $40.22B | $43.17B | $36.42B | $34.79B | $37.71B |
| Cost of revenue | $31.75B | $27.98B | $25.73B | $27.54B | $30.15B | $26.40B | $26.67B | $26.79B | $28.76B | $23.98B | $23.28B | $24.97B |
| Gross profit | $16.11B | $13.78B | $12.47B | $13.81B | $15.12B | $13.46B | $13.03B | $13.43B | $14.42B | $12.43B | $11.51B | $12.74B |
| Sales, general & admin | $8.42B | $7.96B | $7.77B | $7.64B | $7.76B | $7.53B | $7.72B | $7.21B | $7.14B | $6.67B | $6.68B | $6.65B |
| Total operating expenses | $9.28B | $8.80B | $8.62B | $8.46B | $8.57B | $8.33B | $8.54B | $8.01B | $7.88B | $7.35B | $7.37B | $7.33B |
| Operating income | $6.84B | $4.98B | $3.85B | $5.35B | $6.55B | $5.13B | $4.50B | $5.42B | $6.53B | $5.08B | $4.14B | $5.41B |
| Interest income | $59.0M | $7.0M | $43.0M | $32.0M | $25.0M | $24.0M | $30.0M | $30.0M | $84.0M | $57.0M | $55.0M | $438.0M |
| Interest expense | $583.0M | $611.0M | $594.0M | $628.0M | $575.0M | $615.0M | $638.0M | $625.0M | $573.0M | $485.0M | $513.0M | $487.0M |
| Income before taxes | $6.32B | $4.38B | $3.30B | $4.76B | $6.00B | $4.54B | $3.89B | $4.82B | $6.04B | $4.65B | $3.69B | $4.97B |
| Income taxes | $1.55B | $1.09B | $727.0M | $1.16B | $1.45B | $1.11B | $890.0M | $1.18B | $1.48B | $1.05B | $884.0M | $1.16B |
| Net income | $4.77B | $3.29B | $2.57B | $3.60B | $4.55B | $3.43B | $3.00B | $3.65B | $4.56B | $3.60B | $2.80B | $3.81B |
| EBITDA | $8.01B | $6.07B | $4.97B | $6.43B | $7.58B | $6.15B | $5.53B | $6.41B | $7.54B | $5.97B | $5.03B | $6.28B |
| EPS (diluted) | $4.92 | $3.43 | $2.72 | $3.74 | $4.68 | $3.56 | $3.02 | $3.67 | $4.60 | $3.63 | $2.82 | $3.81 |
| Gross margin | 33.7% | 33.0% | 32.6% | 33.4% | 33.4% | 33.8% | 32.8% | 33.4% | 33.4% | 34.1% | 33.1% | 33.8% |
| Operating margin | 14.3% | 11.9% | 10.1% | 12.9% | 14.5% | 12.9% | 11.3% | 13.5% | 15.1% | 13.9% | 11.9% | 14.3% |
| Net margin | 10.0% | 7.9% | 6.7% | 8.7% | 10.1% | 8.6% | 7.5% | 9.1% | 10.6% | 9.9% | 8.1% | 10.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HD's financial statements (latest annual report filed March 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HD financial results
In fiscal year 2026 (ended January 31, 2026), Home Depot reported revenue of $164.7 billion, up 3.2% from the year before. It had net income of $14.2 billion (down 4.4%), a net profit margin of 8.6%. Diluted earnings per share came to $14.70. Over five years revenue grew at an average rate of 4.5% a year.
See the HD stock overview for the latest quote and news, or the HD chart for price history and technical indicators.
HD income statement FAQ
What is Home Depot's annual revenue?
Home Depot reported total revenue of $164.7 billion for fiscal year 2026, which ended on January 31, 2026. That was up 3.2% from $159.5 billion the previous year.
Is Home Depot profitable?
Yes. Home Depot reported net income of $14.2 billion in fiscal 2026, a net profit margin of 8.6%; its operating margin was 12.7%.
What is Home Depot's gross margin?
Home Depot's gross margin was 33.3% in fiscal 2026: for every $100 of revenue, Home Depot kept $33 after the direct cost of its products and services.
How fast is Home Depot growing?
Revenue grew 4.5% a year on average over the last five fiscal years, from $132.1 billion to $164.7 billion.
What are Home Depot's earnings per share?
Home Depot earned $14.70 per diluted share in fiscal 2026, compared with $14.92 a year earlier.
When will Home Depot report its next earnings?
Home Depot is expected to report results for the quarter ending October 31, 2026 on November 17, 2026 before the market opens.
When does Home Depot's fiscal year end?
Home Depot's fiscal year ends in January. The latest annual report covers the year ended January 31, 2026 and was filed on March 18, 2026.