The Home Depot, Inc. (HD) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 41.77B | 38.2B | 41.35B | 45.28B | 39.86B | 39.7B | 40.22B | 43.17B | 36.42B | 34.79B | 37.71B | 42.92B | 37.26B | 35.83B | 38.87B | 43.79B | 38.91B | 35.72B | 36.82B | 41.12B |
| Revenue Growth % | 4.79% | -3.79% | 2.82% | 4.87% | 9.44% | 14.14% | 6.65% | 0.6% | -2.25% | -2.92% | -2.99% | -2% | -4.24% | 0.31% | 5.57% | 6.5% | 3.75% | 10.72% | 9.79% | 8.05% |
| Cost of Goods Sold | 27.98B | 25.73B | 27.54B | 30.15B | 26.4B | 26.67B | 26.79B | 28.76B | 23.98B | 23.28B | 24.97B | 28.76B | 24.7B | 23.91B | 25.65B | 29.31B | 25.76B | 23.86B | 24.26B | 27.45B |
| COGS % of Revenue | 67% | 67.36% | 66.59% | 66.59% | 66.23% | 67.17% | 66.62% | 66.61% | 65.86% | 66.92% | 66.22% | 67.01% | 66.3% | 66.72% | 65.98% | 66.93% | 66.22% | 66.79% | 65.88% | 66.77% |
| Gross Profit | 13.78B | 12.47B | 13.81B | 15.13B | 13.46B | 13.03B | 13.43B | 14.42B | 12.43B | 11.51B | 12.74B | 14.16B | 12.56B | 11.93B | 13.22B | 14.48B | 13.14B | 11.86B | 12.56B | 13.66B |
| Gross Margin % | 33% | 32.64% | 33.41% | 33.41% | 33.77% | 32.83% | 33.38% | 33.39% | 34.14% | 33.08% | 33.78% | 32.99% | 33.7% | 33.28% | 34.02% | 33.07% | 33.78% | 33.21% | 34.12% | 33.23% |
| Gross Profit Growth % | 2.39% | -4.36% | 2.9% | 4.92% | 8.25% | 13.26% | 5.39% | 1.83% | -0.99% | -3.5% | -3.68% | -2.25% | -4.47% | 0.54% | 5.26% | 5.99% | 3.16% | 9.52% | 9.66% | 5.59% |
| Operating Expenses | 8.8B | 8.62B | 8.46B | 8.57B | 8.33B | 8.54B | 8.01B | 7.88B | 7.35B | 7.37B | 7.33B | 7.57B | 7.01B | 7.17B | 7.08B | 7.27B | 7.22B | 7.04B | 6.77B | 7.03B |
| OpEx % of Revenue | 21.07% | 22.56% | 20.46% | 18.93% | 20.89% | 21.51% | 19.91% | 18.26% | 20.19% | 21.17% | 19.44% | 17.63% | 18.8% | 20.02% | 18.2% | 16.61% | 18.55% | 19.7% | 18.38% | 17.09% |
| Selling, General & Admin | 7.96B | 7.77B | 7.64B | 7.76B | 7.53B | 7.72B | 7.21B | 7.14B | 6.67B | 6.68B | 6.65B | 6.92B | 6.36B | 6.55B | 6.47B | 6.66B | 6.61B | 6.43B | 6.17B | 6.43B |
| SG&A % of Revenue | 19.06% | 20.35% | 18.47% | 17.15% | 18.89% | 19.46% | 17.93% | 16.55% | 18.31% | 19.2% | 17.63% | 16.11% | 17.06% | 18.28% | 16.64% | 15.2% | 16.99% | 18% | 16.75% | 15.65% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 4.98B | 3.85B | 5.35B | 6.55B | 5.13B | 4.5B | 5.42B | 6.53B | 5.08B | 4.14B | 5.41B | 6.59B | 5.55B | 4.75B | 6.15B | 7.21B | 5.93B | 4.83B | 5.79B | 6.64B |
| Operating Margin % | 11.93% | 10.08% | 12.95% | 14.48% | 12.88% | 11.32% | 13.47% | 15.13% | 13.95% | 11.91% | 14.34% | 15.35% | 14.9% | 13.26% | 15.82% | 16.46% | 15.24% | 13.51% | 15.74% | 16.15% |
| Operating Income Growth % | -2.96% | -14.37% | -1.2% | 0.32% | 1.06% | 8.5% | 0.22% | -0.83% | -8.5% | -12.82% | -12.07% | -8.61% | -6.38% | -1.51% | 6.09% | 8.6% | 2.56% | 18.17% | 19.44% | 9.43% |
| EBITDA | 4.99B | 4.69B | 6.18B | 7.16B | 6.13B | 5.5B | 6.41B | 7.45B | 5.92B | 4.97B | 6.23B | 7.38B | 6.34B | 5.51B | 6.89B | 7.96B | 6.66B | 5.56B | 6.51B | 7.35B |
| EBITDA Margin % | 11.94% | 12.29% | 14.94% | 15.82% | 15.37% | 13.86% | 15.95% | 17.26% | 16.24% | 14.3% | 16.53% | 17.21% | 17.03% | 15.38% | 17.73% | 18.17% | 17.11% | 15.56% | 17.68% | 17.88% |
| EBITDA Growth % | -18.59% | -14.72% | -3.65% | -3.9% | 3.57% | 10.63% | 2.89% | 0.95% | -6.75% | -9.73% | -9.55% | -7.19% | -4.69% | -0.86% | 5.87% | 8.24% | 2.65% | 17.06% | 18.71% | 10% |
| D&A (Non-Cash Add-back) | 0 | 845M | 826M | 608M | 994M | 1.01B | 995M | 920M | 837M | 832M | 827M | 795M | 793M | 759M | 743M | 746M | 727M | 734M | 714M | 711M |
| EBIT | 4.99B | 3.89B | 5.38B | 6.58B | 5.16B | 4.53B | 5.45B | 6.62B | 5.14B | 4.2B | 5.46B | 6.63B | 5.58B | 4.79B | 6.15B | 7.21B | 5.93B | 4.83B | 5.79B | 6.64B |
| Net Interest Income | -618M | -551M | -579M | -550M | -591M | -608M | -595M | -489M | -428M | -458M | -438M | -428M | -441M | -408M | -406M | -379M | -369M | -323M | -326M | -321M |
| Interest Income | -7M | 43M | 49M | 25M | 24M | 30M | 30M | 84M | 57M | 55M | 49M | 41M | 33M | 43M | 7M | 2M | 3M | 18M | 15M | 5M |
| Interest Expense | 611M | 594M | 628M | 575M | 615M | 638M | 625M | 573M | 485M | 513M | 487M | 469M | 474M | 451M | 413M | 381M | 372M | 341M | 341M | 326M |
| Other Income/Expense | -604M | -551M | -596M | -550M | -591M | -608M | -595M | -489M | -428M | -458M | -438M | -428M | -441M | -408M | -406M | -379M | -369M | -323M | -326M | -321M |
| Pretax Income | 4.38B | 3.3B | 4.76B | 6B | 4.54B | 3.89B | 4.82B | 6.04B | 4.65B | 3.69B | 4.97B | 6.16B | 5.11B | 4.34B | 5.74B | 6.83B | 5.56B | 4.5B | 5.47B | 6.32B |
| Pretax Margin % | 10.48% | 8.63% | 11.5% | 13.26% | 11.4% | 9.79% | 11.99% | 14% | 12.77% | 10.59% | 13.17% | 14.36% | 13.72% | 12.12% | 14.77% | 15.6% | 14.29% | 12.6% | 14.85% | 15.37% |
| Income Tax | 1.09B | 727M | 1.16B | 1.45B | 1.11B | 890M | 1.18B | 1.48B | 1.05B | 884M | 1.16B | 1.5B | 1.24B | 982M | 1.4B | 1.66B | 1.33B | 1.15B | 1.34B | 1.51B |
| Effective Tax Rate % | 24.86% | 22.04% | 24.3% | 24.21% | 24.42% | 22.9% | 24.36% | 24.55% | 22.6% | 23.99% | 23.31% | 24.38% | 24.21% | 22.61% | 24.43% | 24.27% | 23.9% | 25.54% | 24.5% | 23.92% |
| Net Income | 3.29B | 2.57B | 3.6B | 4.55B | 3.43B | 3B | 3.65B | 4.56B | 3.6B | 2.8B | 3.81B | 4.66B | 3.87B | 3.36B | 4.34B | 5.17B | 4.23B | 3.35B | 4.13B | 4.81B |
| Net Margin % | 7.88% | 6.73% | 8.71% | 10.05% | 8.61% | 7.55% | 9.07% | 10.56% | 9.89% | 8.05% | 10.1% | 10.86% | 10.4% | 9.38% | 11.16% | 11.81% | 10.87% | 9.38% | 11.21% | 11.69% |
| Net Income Growth % | -4.19% | -14.21% | -1.29% | -0.22% | -4.64% | 7% | -4.25% | -2.1% | -7.05% | -16.69% | -12.19% | -9.94% | -8.46% | 0.3% | 5.09% | 7.61% | 2.07% | 17.33% | 20.31% | 10.96% |
| Net Income (Continuing) | 3.29B | 2.57B | 3.6B | 4.55B | 3.43B | 3B | 3.65B | 4.56B | 3.6B | 2.8B | 3.81B | 4.66B | 3.87B | 3.36B | 4.34B | 5.17B | 4.23B | 3.35B | 4.13B | 4.81B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 3.30 | 2.58 | 3.62 | 4.58 | 3.45 | 3.02 | 3.67 | 4.60 | 3.63 | 2.82 | 3.81 | 4.65 | 3.82 | 3.30 | 4.24 | 5.05 | 4.09 | 3.21 | 3.92 | 4.53 |
| EPS Growth % | -4.35% | -14.57% | -1.36% | -0.43% | -4.96% | 7.09% | -3.67% | -1.08% | -4.97% | -14.55% | -10.14% | -7.92% | -6.6% | 2.8% | 8.16% | 11.48% | 5.96% | 21.13% | 23.27% | 12.69% |
| EPS (Basic) | 3.31 | 2.59 | 3.63 | 4.59 | 3.46 | 3.02 | 3.68 | 4.61 | 3.64 | 2.83 | 3.83 | 4.66 | 3.83 | 3.31 | 4.25 | 5.06 | 4.11 | 3.23 | 3.94 | 4.54 |
| Diluted Shares Outstanding | 996M | 997M | 994M | 994M | 994M | 994M | 993M | 992M | 992M | 994M | 999M | 1B | 1.01B | 1.02B | 1.02B | 1.02B | 1.03B | 1.04B | 1.05B | 1.06B |
| Basic Shares Outstanding | 994M | 993M | 992M | 992M | 992M | 991M | 991M | 990M | 989M | 991M | 996M | 1B | 1.01B | 1.01B | 1.02B | 1.02B | 1.03B | 1.04B | 1.05B | 1.06B |
| Dividend Payout Ratio | 70.54% | 89.03% | 63.57% | 50.27% | 66.59% | 74.57% | 61.24% | 48.91% | 61.92% | 74.22% | 54.83% | 45.01% | 54.69% | 57.5% | 44.85% | 37.66% | 46.37% | 51.34% | 42.09% | 36.43% |