Lowe's Companies, Inc. (LOW) Income Statement
LOW FY2026 at a glance
Fiscal year ended January 31, 2026 · U.S. dollarsLOW revenue and net income
Where LOW's revenue goes
FY2026Each bar shows an amount and its share of revenue. LOW kept 7.7% of revenue as net income.
LOW profit margins
LOW growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.1% | −3.8% | −0.8% | +3.9% |
| Gross profit | +3.6% | −3.6% | −0.5% | +3.5% |
| Operating income | −3.0% | −0.0% | +1.0% | +7.4% |
| Net income | −4.4% | +1.1% | +2.7% | +10.1% |
| EPS (diluted) | +2.6% | −3.6% | +6.8% | +14.1% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LOW quarterly EPS vs estimates
Lowe's beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 18, 2026 (estimate $2.86).
LOW income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $86.29B | $83.67B | $86.38B | $97.06B | $96.25B | $89.60B | $72.15B | $71.31B | $68.62B | $65.02B |
| Cost of revenue | $57.40B | $55.80B | $57.53B | $64.80B | $64.19B | $60.02B | $49.20B | $48.40B | $46.19B | $43.34B |
| Gross profit | $28.89B | $27.88B | $28.84B | $32.26B | $32.06B | $29.57B | $22.94B | $22.91B | $22.43B | $21.67B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $16.79B | $15.51B | $15.57B | $20.33B | $18.30B | $18.53B | $15.37B | $17.41B | $15.38B | $15.13B |
| Total operating expenses | $18.73B | $17.41B | $17.29B | $22.10B | $19.96B | $19.93B | $16.63B | $18.89B | $15.85B | $15.83B |
| Operating income | $10.15B | $10.47B | $11.56B | $10.16B | $12.09B | $9.65B | $6.31B | $4.02B | $6.59B | $5.85B |
| Interest income | $121.0M | $159.0M | $101.0M | $1.12B | $847.0M | $24.0M | $27.0M | $28.0M | $16.0M | $12.0M |
| Interest expense | $1.53B | $1.47B | $1.47B | $1.14B | $859.0M | $872.0M | $718.0M | $649.0M | $652.0M | $655.0M |
| Income before taxes | $8.75B | $9.15B | $10.18B | $9.04B | $11.21B | $7.74B | $5.62B | $3.39B | $5.49B | $5.20B |
| Income taxes | $2.09B | $2.20B | $2.45B | $2.60B | $2.77B | $1.90B | $1.34B | $1.08B | $2.04B | $2.11B |
| Net income | $6.65B | $6.96B | $7.73B | $6.44B | $8.44B | $5.83B | $4.28B | $2.31B | $3.45B | $3.09B |
| EBITDA | $12.47B | $12.60B | $13.58B | $12.18B | $13.99B | $10.21B | $7.75B | $5.65B | $7.68B | $7.45B |
| EPS (diluted) | $12.29 | $11.98 | $13.06 | $13.73 | $11.97 | $8.83 | $5.72 | $5.10 | $4.39 | $3.98 |
| Gross margin | 33.5% | 33.3% | 33.4% | 33.2% | 33.3% | 33.0% | 31.8% | 32.1% | 32.7% | 33.3% |
| Operating margin | 11.8% | 12.5% | 13.4% | 10.5% | 12.6% | 10.8% | 8.8% | 5.6% | 9.6% | 9.0% |
| Net margin | 7.7% | 8.3% | 8.9% | 6.6% | 8.8% | 6.5% | 5.9% | 3.2% | 5.0% | 4.8% |
| 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 | $25.96B | $23.08B | $20.59B | $20.81B | $23.96B | $20.93B | $18.55B | $20.17B | $23.59B | $21.36B | $18.60B | $20.47B |
| Cost of revenue | $17.38B | $15.54B | $13.90B | $13.70B | $15.86B | $13.94B | $12.46B | $13.37B | $15.69B | $14.27B | $12.57B | $13.58B |
| Gross profit | $8.58B | $7.54B | $6.68B | $7.12B | $8.10B | $6.99B | $6.10B | $6.80B | $7.89B | $7.09B | $6.03B | $6.89B |
| Sales, general & admin | $4.46B | $4.42B | $4.41B | $4.16B | $4.17B | $4.05B | $3.82B | $3.83B | $4.03B | $4.01B | $3.82B | $3.76B |
| Total operating expenses | $5.03B | $4.99B | $4.97B | $4.63B | $4.63B | $4.49B | $4.27B | $4.26B | $4.45B | $4.44B | $4.34B | $4.20B |
| Operating income | $3.55B | $2.55B | $1.71B | $2.48B | $3.47B | $2.49B | $1.83B | $2.54B | $3.45B | $2.65B | $1.69B | $2.70B |
| Interest income | $18.0M | $9.0M | $13.0M | $41.0M | $42.0M | $25.0M | $35.0M | $50.0M | $52.0M | $21.0M | $23.0M | $27.0M |
| Interest expense | $374.0M | $408.0M | $417.0M | $392.0M | $354.0M | $361.0M | $363.0M | $367.0M | $369.0M | $370.0M | $362.0M | $372.0M |
| Income before taxes | $3.17B | $2.15B | $1.30B | $2.13B | $3.16B | $2.16B | $1.50B | $2.22B | $3.13B | $2.30B | $1.34B | $2.35B |
| Income taxes | $776.0M | $527.0M | $306.0M | $513.0M | $758.0M | $516.0M | $378.0M | $524.0M | $747.0M | $546.0M | $319.0M | $578.0M |
| Net income | $2.40B | $1.63B | $999.0M | $1.62B | $2.40B | $1.64B | $1.12B | $1.70B | $2.38B | $1.75B | $1.02B | $1.77B |
| EBITDA | $4.20B | $3.21B | $2.36B | $3.06B | $4.03B | $3.03B | $2.38B | $3.08B | $3.98B | $3.16B | $2.21B | $3.21B |
| EPS (diluted) | $4.40 | $3.03 | $1.98 | $3.06 | $4.33 | $2.92 | $1.93 | $2.89 | $4.10 | $3.06 | $1.77 | $3.06 |
| Gross margin | 33.0% | 32.7% | 32.5% | 34.2% | 33.8% | 33.4% | 32.9% | 33.7% | 33.5% | 33.2% | 32.4% | 33.7% |
| Operating margin | 13.7% | 11.1% | 8.3% | 11.9% | 14.5% | 11.9% | 9.9% | 12.6% | 14.6% | 12.4% | 9.1% | 13.2% |
| Net margin | 9.2% | 7.1% | 4.9% | 7.8% | 10.0% | 7.8% | 6.1% | 8.4% | 10.1% | 8.2% | 5.5% | 8.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LOW's financial statements (latest annual report filed March 23, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LOW financial results
In fiscal year 2026 (ended January 31, 2026), Lowe's reported revenue of $86.3 billion, up 3.1% from the year before. It had net income of $6.7 billion (down 4.4%), a net profit margin of 7.7%. Diluted earnings per share came to $12.29. Over five years revenue grew at an average rate of −0.8% a year.
See the LOW stock overview for the latest quote and news, or the LOW chart for price history and technical indicators.
LOW income statement FAQ
What is Lowe's's annual revenue?
Lowe's reported total revenue of $86.3 billion for fiscal year 2026, which ended on January 31, 2026. That was up 3.1% from $83.7 billion the previous year.
Is Lowe's profitable?
Yes. Lowe's reported net income of $6.7 billion in fiscal 2026, a net profit margin of 7.7%; its operating margin was 11.8%.
What is Lowe's's gross margin?
Lowe's's gross margin was 33.5% in fiscal 2026: for every $100 of revenue, Lowe's kept $33 after the direct cost of its products and services.
How fast is Lowe's growing?
Revenue grew −0.8% a year on average over the last five fiscal years, from $89.6 billion to $86.3 billion.
What are Lowe's's earnings per share?
Lowe's earned $12.29 per diluted share in fiscal 2026, compared with $11.98 a year earlier.
When will Lowe's report its next earnings?
Lowe's is expected to report results for the quarter ending October 31, 2026 on November 18, 2026 before the market opens.
When does Lowe's's fiscal year end?
Lowe's's fiscal year ends in January. The latest annual report covers the year ended January 31, 2026 and was filed on March 23, 2026.