Lowe's Companies, Inc. (LOW) 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 | 23.08B | 20.58B | 20.81B | 23.96B | 20.93B | 18.55B | 20.17B | 23.59B | 21.36B | 18.6B | 20.47B | 24.96B | 22.35B | 22.45B | 23.48B | 27.48B | 23.66B | 21.34B | 22.92B | 27.57B |
| Revenue Growth % | 10.26% | 10.95% | 3.19% | 1.58% | -2.03% | -0.26% | -1.47% | -5.49% | -4.4% | -17.12% | -12.81% | -9.17% | -5.55% | 5.18% | 2.45% | -0.34% | -3.12% | 5.06% | 2.73% | 0.98% |
| Cost of Goods Sold | 15.54B | 12.52B | 14.17B | 16.32B | 14.39B | 12.9B | 13.81B | 16.11B | 14.7B | 13.02B | 14.01B | 16.98B | 15.23B | 15.61B | 16.11B | 18.79B | 16.05B | 14.75B | 15.76B | 18.67B |
| COGS % of Revenue | 67.32% | 60.84% | 68.09% | 68.1% | 68.75% | 69.54% | 68.45% | 68.32% | 68.82% | 69.98% | 68.46% | 68.06% | 68.17% | 69.55% | 68.62% | 68.39% | 67.86% | 69.12% | 68.75% | 67.71% |
| Gross Profit | 7.54B | 8.06B | 6.64B | 7.64B | 6.54B | 5.65B | 6.36B | 7.47B | 6.66B | 5.58B | 6.46B | 7.97B | 7.11B | 6.83B | 7.37B | 8.68B | 7.61B | 6.59B | 7.16B | 8.9B |
| Gross Margin % | 32.68% | 39.16% | 31.91% | 31.9% | 31.25% | 30.46% | 31.55% | 31.68% | 31.18% | 30.02% | 31.54% | 31.94% | 31.83% | 30.45% | 31.38% | 31.61% | 32.14% | 30.88% | 31.25% | 32.29% |
| Gross Profit Growth % | 15.34% | 42.6% | 4.37% | 2.3% | -1.83% | 1.22% | -1.46% | -6.27% | -6.33% | -18.3% | -12.35% | -8.2% | -6.48% | 3.72% | 2.86% | -2.46% | -1.73% | 8.66% | 3.12% | -0.82% |
| Operating Expenses | 4.99B | 6.35B | 4.16B | 4.17B | 4.05B | 3.9B | 3.88B | 4.07B | 4.01B | 3.82B | 3.76B | 4.09B | 3.93B | 2.63B | 6.44B | 4.46B | 4.3B | 4.74B | 4.37B | 4.69B |
| OpEx % of Revenue | 21.62% | 30.85% | 19.99% | 17.43% | 19.33% | 21.03% | 19.24% | 17.25% | 18.77% | 20.52% | 18.37% | 16.37% | 17.57% | 11.72% | 27.44% | 16.21% | 18.19% | 22.22% | 19.08% | 17.02% |
| Selling, General & Admin | 4.42B | 4.41B | 4.16B | 4.17B | 4.05B | 3.9B | 3.88B | 4.07B | 4.01B | 3.82B | 3.76B | 4.09B | 3.93B | 2.63B | 6.44B | 4.46B | 4.3B | 4.74B | 4.37B | 4.69B |
| SG&A % of Revenue | 19.17% | 21.42% | 19.99% | 17.43% | 19.33% | 21.03% | 19.24% | 17.25% | 18.77% | 20.52% | 18.37% | 16.37% | 17.57% | 11.72% | 27.44% | 16.21% | 18.19% | 22.22% | 19.08% | 17.02% |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 2.55B | 1.71B | 2.48B | 3.47B | 2.49B | 1.75B | 2.48B | 3.4B | 2.65B | 1.77B | 2.7B | 3.89B | 3.19B | 4.21B | 924M | 4.23B | 3.3B | 1.85B | 2.79B | 4.21B |
| Operating Margin % | 11.07% | 8.3% | 11.92% | 14.48% | 11.92% | 9.43% | 12.31% | 14.43% | 12.42% | 9.49% | 13.17% | 15.57% | 14.26% | 18.73% | 3.94% | 15.39% | 13.96% | 8.66% | 12.17% | 15.27% |
| Operating Income Growth % | 2.41% | -2.34% | -0.04% | 1.91% | -5.99% | -0.91% | -7.94% | -12.4% | -16.73% | -58% | 191.77% | -8.11% | -3.51% | 127.42% | -66.87% | 0.45% | 1.76% | 7.06% | 12.64% | -4.21% |
| EBITDA | 2.55B | 2.27B | 3.02B | 3.98B | 3B | 2.26B | 2.98B | 3.88B | 3.14B | 2.26B | 3.18B | 4.5B | 3.76B | 4.8B | 1.56B | 4.87B | 3.94B | 2.48B | 3.4B | 4.8B |
| EBITDA Margin % | 11.07% | 11.04% | 14.49% | 16.63% | 14.34% | 12.19% | 14.75% | 16.47% | 14.69% | 12.16% | 15.54% | 18.01% | 16.82% | 21.4% | 6.63% | 17.73% | 16.65% | 11.61% | 14.84% | 17.42% |
| EBITDA Growth % | -14.89% | 0.49% | 1.34% | 2.55% | -4.4% | -0.04% | -6.47% | -13.57% | -16.49% | -52.91% | 104.5% | -7.72% | -4.59% | 93.94% | -54.25% | 1.44% | 3.36% | 8.07% | 13.25% | -1.74% |
| D&A (Non-Cash Add-back) | 0 | 563M | 535M | 515M | 507M | 511M | 494M | 481M | 486M | 496M | 486M | 609M | 573M | 599M | 632M | 642M | 638M | 628M | 612M | 592M |
| EBIT | 2.55B | 1.3B | 2.52B | 3.51B | 2.52B | 1.86B | 2.59B | 3.5B | 2.67B | 1.7B | 2.72B | 3.92B | 3.3B | 1.72B | 934M | 4.23B | 3.3B | 1.83B | 2.78B | 4.21B |
| Net Interest Income | -399M | -403M | -351M | -312M | -336M | -328M | -317M | -317M | -349M | -339M | -345M | -341M | -349M | -317M | -291M | -258M | -235M | -219M | -215M | -210M |
| Interest Income | 0 | 0 | 41M | 42M | 25M | 35M | 50M | 52M | 21M | 23M | 27M | 35M | 16M | 16M | 14M | 5M | 2M | 2M | 3M | 3M |
| Interest Expense | 399M | 403M | 392M | 354M | 361M | 363M | 367M | 369M | 370M | 362M | 372M | 376M | 365M | 333M | 305M | 263M | 237M | 221M | 218M | 213M |
| Other Income/Expense | -399M | -404M | -352M | -313M | -337M | -248M | -263M | -274M | -352M | -427M | -345M | -341M | -247M | -2.82B | -295M | -264M | -243M | -235M | -223M | -216M |
| Pretax Income | 2.15B | 1.3B | 2.13B | 3.16B | 2.16B | 1.5B | 2.22B | 3.13B | 2.3B | 1.34B | 2.35B | 3.54B | 2.94B | 1.38B | 629M | 3.96B | 3.06B | 1.61B | 2.57B | 3.99B |
| Pretax Margin % | 9.34% | 6.34% | 10.23% | 13.17% | 10.31% | 8.1% | 11% | 13.27% | 10.77% | 7.2% | 11.48% | 14.21% | 13.15% | 6.16% | 2.68% | 14.43% | 12.93% | 7.56% | 11.2% | 14.49% |
| Income Tax | 527M | 306M | 513M | 758M | 516M | 378M | 524M | 747M | 546M | 319M | 578M | 872M | 679M | 425M | 475M | 973M | 726M | 408M | 670M | 976M |
| Effective Tax Rate % | 24.45% | 23.45% | 24.1% | 24.02% | 23.92% | 25.17% | 23.61% | 23.87% | 23.73% | 23.82% | 24.59% | 24.6% | 23.1% | 30.75% | 75.52% | 24.54% | 23.73% | 25.28% | 26.11% | 24.44% |
| Net Income | 1.63B | 999M | 1.62B | 2.4B | 1.64B | 1.12B | 1.7B | 2.38B | 1.75B | 1.02B | 1.77B | 2.67B | 2.26B | 958M | 154M | 2.99B | 2.33B | 1.21B | 1.9B | 3.02B |
| Net Margin % | 7.05% | 4.85% | 7.76% | 10.01% | 7.84% | 6.06% | 8.4% | 10.1% | 8.21% | 5.48% | 8.66% | 10.71% | 10.11% | 4.27% | 0.66% | 10.89% | 9.86% | 5.65% | 8.27% | 10.95% |
| Net Income Growth % | -0.79% | -11.12% | -4.66% | 0.63% | -6.5% | 10.2% | -4.4% | -10.85% | -22.35% | 6.47% | 1051.3% | -10.66% | -3.13% | -20.56% | -91.88% | -0.86% | 0.52% | 23.31% | 173.99% | 6.72% |
| Net Income (Continuing) | 1.63B | 999M | 1.62B | 2.4B | 1.64B | 1.13B | 1.7B | 2.38B | 1.75B | 1.02B | 1.77B | 2.67B | 2.26B | 958M | 154M | 2.99B | 2.33B | 1.21B | 1.9B | 3.02B |
| 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) | 2.90 | 1.78 | 2.88 | 4.27 | 2.92 | 2.00 | 2.99 | 4.17 | 3.06 | 1.77 | 3.07 | 4.56 | 3.78 | 1.58 | 0.25 | 4.67 | 3.51 | 1.78 | 2.73 | 4.25 |
| EPS Growth % | -0.68% | -11% | -3.68% | 2.4% | -4.58% | 12.99% | -2.61% | -8.55% | -19.05% | 12.03% | 1128% | -2.36% | 7.69% | -11.24% | -90.84% | 9.88% | 9.35% | 34.85% | 200% | 13.64% |
| EPS (Basic) | 2.90 | 1.78 | 2.88 | 4.28 | 2.93 | 2.00 | 2.99 | 4.18 | 3.06 | 1.77 | 3.07 | 4.57 | 3.78 | 1.58 | 0.25 | 4.68 | 3.52 | 1.79 | 2.74 | 4.27 |
| Diluted Shares Outstanding | 560M | 560M | 560M | 560M | 560M | 563M | 566M | 570M | 572M | 575M | 577M | 585M | 597M | 605M | 620M | 639M | 662M | 676M | 690M | 707M |
| Basic Shares Outstanding | 559M | 559M | 559M | 559M | 559M | 562M | 565M | 568M | 571M | 574M | 576M | 584M | 596M | 603M | 618M | 638M | 660M | 673M | 690M | 705M |
| Dividend Payout Ratio | 41.4% | 67.37% | 41.65% | 26.9% | 39.31% | 57.83% | 38.58% | 26.4% | 36.07% | 61.96% | 36.21% | 23.34% | 28.01% | 67.12% | 432.47% | 17.51% | 23.02% | 45.69% | 29.69% | 14.25% |