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Home Depot (HD) financial statements: income, balance sheet and cash flow

NYSE: HD · Consumer discretionary · United States

Signed off by OffScriptBySami on  · Updated

Data as of  · For information only, not investment advice.

In brief

Home Depot (NYSE: HD) reported net income of USD 4.77 billion on revenue of USD 47.9 billion for Q2 FY2026 in its Form 10-Q for the quarter ended 2 Aug 2026. Total debt was USD 48.6 billion against cash and short-term investments of USD 2.09 billion, leaving net debt of USD 46.6 billion by our calculation.

Data as of Source: Form 10-Q for Q2 FY2026, filed

Key facts

Data as of

Home Depot (NYSE: HD) · USD · fiscal year ends late January · figures from SEC filings; derived values are marked.

Revenue, TTM (USD bn)
169
TTM to · derived
Revenue by quarter, from USD 40.2 bn in Q3 FY2024 to USD 47.9 bn in Q2 FY2026
Operating income, TTM (USD bn)
21.0
TTM to · derived
Net income, TTM (USD bn)
14.2
TTM to · derived
Free cash flow, TTM (USD bn)
15.1
TTM to · derived
Total assets (USD bn)
109
at · Form 10-Q
Net debt (USD bn)
46.6
at · derived: total debt minus cash and short-term investments

What the numbers show

Home Depot's income statement for Q2 FY2026, the quarter ended 2 Aug 2026, shows revenue of USD 47.9 billion, up 5.7% on a year earlier. Net income was USD 4.77 billion, a net margin of 10.0%, our calculation. Over the 4 quarters to 2 Aug 2026, revenue was USD 169 billion and operating income USD 21.0 billion.

Revenue grew at a compound annual rate of 2.2% from FY2021 to FY2025, while selling, general and administrative expenses grew 4.8% a year and operating income fell 2.4% a year. Operating margin, our calculation, went from 15.2% in FY2021 to 12.7% in FY2025, and gross margin moved little over the same run. The fiscal year is a 52- or 53-week year. FY2024 had 53 weeks, so notes sit beside the year-on-year rows for FY2024 and FY2025 and for Q4 of each year.

Home Depot's balance sheet held total assets of USD 109 billion at 2 Aug 2026. Goodwill and intangibles rose from USD 12.1 billion at the end of FY2023 to USD 28.5 billion a year later, which is where the SRS acquisition shows. Total debt rose to USD 53.1 billion at the end of FY2024 and was USD 48.6 billion at 2 Aug 2026. Net debt was USD 46.6 billion, our calculation.

Equity was below zero at the end of FY2021 and reached USD 16.6 billion at 2 Aug 2026. Current assets of USD 37.7 billion exceeded current liabilities of USD 35.0 billion, and inventory of USD 26.8 billion made up most of the current assets.

In Home Depot's cash flow statement, cash from operations was USD 16.3 billion in FY2025, below its FY2024 level. Capital expenditure rose every year from FY2021, to USD 3.68 billion in FY2025. Free cash flow, our calculation, was USD 12.6 billion in FY2025 and USD 15.1 billion over the 4 quarters to 2 Aug 2026. Quarterly cash from operations ranged from USD 3.35 billion in Q4 FY2025 to USD 6.03 billion in Q1 FY2026.

Dividends paid were USD 9.15 billion in FY2025, up from USD 6.99 billion in FY2021, and buybacks were zero in FY2025. Diluted EPS was USD 14.23 per share in FY2025 against USD 15.53 per share in FY2021, on 995 million shares against 1,058 million shares. The per-share dividend row carries a substitution note. Home Depot stock fundamentals covers the repurchase pause, and the guide to reading a 10-K shows where each statement sits.

Income statement

Chart 1

Home Depot quarterly revenue, Q3 FY2024 to Q2 FY2026

USD bn · quarters ended to

Revenue by quarter, from USD 40.2 bn in Q3 FY2024 to USD 47.9 bn in Q2 FY2026.020406047.9Q3FY24Q4Q1FY25Q2Q3Q4Q1FY26Q2stockfactsheet.com
Source: Home Depot Forms 10-Q and 10-K, SEC EDGAR Data as of

Annual

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Table 1 Home Depot income statement, annual, FY2021–FY2025 (USD millions) USD millions, except per-share data (USD) and percentages · Fiscal year ends late January
USD mFY2025ended FY2024ended FY2023ended FY2022ended FY2021ended CAGRFY21–FY25
Revenue164,683159,514152,669157,403151,157increased 2.2%
Revenue YoY %increased 3.2% 1increased 4.5% 2decreased 3.0%increased 4.1%increased 14.4%not available
Cost of revenue109,818106,206101,709104,625100,325increased 2.3%
Gross profit54,86553,30850,96052,77850,832increased 1.9%
Gross margin %33.3%33.4%33.4%33.5%33.6%not available
SG&A30,70228,74826,59826,28425,406increased 4.8%
Operating income20,89021,52621,68924,03923,040decreased 2.4%
Operating margin %12.7%13.5%14.2%15.3%15.2%not available
Pre-tax income18,60219,40619,92422,47721,737decreased 3.8%
Income tax4,4464,6004,7815,3725,304decreased 4.3%
Net income14,15614,80615,14317,10516,433decreased 3.7%
Net margin %8.6%9.3%9.9%10.9%10.9%not available
Per share
Diluted EPS (USD)14.2314.9115.1116.6915.53decreased 2.2%
Diluted shares (m)9959931,0021,0251,058not available
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Source: Home Depot Forms 10-Q and 10-K, SEC EDGAR Data as of

  • Not available

1 FY2025 had 52 weeks; FY2024 had 53 weeks (364 vs 371 days).

2 FY2024 had 53 weeks; FY2023 had 52 weeks (371 vs 364 days).

CAGR: compound annual growth rate from FY2021 to FY2025, our calculation; n/m when the endpoints differ in sign or the base is zero or negative.

Totals may not add up because of rounding.

Arrows show direction of change only, not whether a change is good or bad.

Quarterly

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Table 2 Home Depot income statement, quarterly, Q3 FY2024–Q2 FY2026 (USD millions) USD millions, except per-share data (USD) and percentages · Fiscal year ends late January
USD mQ2 FY2026ended Q1 FY2026ended Q4 FY2025ended Q3 FY2025ended Q2 FY2025ended Q1 FY2025ended Q4 FY2024ended Q3 FY2024ended
Revenue47,86141,76538,198 D41,35245,27739,85639,704 D40,217
Revenue YoY %increased 5.7%increased 4.8%decreased 3.8% 1increased 2.8%increased 4.9%increased 9.4%increased 14.1% 2increased 6.6%
Cost of revenue31,74627,98425,732 D27,53730,15226,39726,670 D26,792
Gross profit16,11513,78112,466 D13,81515,12513,45913,034 D13,425
Gross margin %33.7%33.0%32.6%33.4%33.4%33.8%32.8%33.4%
SG&A8,4247,9597,772 D7,6367,7647,5307,725 D7,212
Operating income6,8394,9813,849 D5,3536,5555,1334,495 D5,418
Operating margin %14.3%11.9%10.1%12.9%14.5%12.9%11.3%13.5%
Pre-tax income6,3154,3773,298 D4,7576,0054,5423,887 D4,823
Income tax1,5491,088727 D1,1561,4541,109890 D1,175
Net income4,7663,2892,571 D3,6014,5513,4332,997 D3,648
Net margin %10.0%7.9%6.7%8.7%10.1%8.6%7.5%9.1%
Per share
Diluted EPS (USD)4.793.30not available3.624.583.45not available3.67
Diluted shares (m)996996not available995994994not available993
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Source: Home Depot Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Fourth quarter derived as the fiscal year minus the nine-month year-to-date total.
  • Not available

1 Q4 FY2025 ran – (91 days); Q4 FY2024 ran – (98 days).

2 Q4 FY2024 ran – (98 days); Q4 FY2023 ran – (91 days).

Totals may not add up because of rounding.

Arrows show direction of change only, not whether a change is good or bad.

Balance sheet

Annual

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Table 3 Home Depot assets, annual, FY2021–FY2025 (USD millions) USD millions
USD mFY2025at FY2024at FY2023at FY2022at FY2021at
Cash and short-term investments1,3891,6593,7602,7572,343
Receivables5,5974,9033,3283,3173,426
Inventory25,81723,45120,97624,88622,068
Total current assets34,39131,68329,77532,47129,055
PP&E (net)28,02126,70226,15425,63125,199
Goodwill and intangibles32,673 D28,458 D12,061 D10,767 D10,952 D 1
Total assets105,09596,11976,53076,44571,876
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Source: Home Depot Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Goodwill plus the intangible assets the filing reports under the standard intangible-asset tags or the components our mapping lists for the company, from the same filing. Intangible assets a company shows on separate balance sheet lines under other tags, such as licences, may not be included, so for some companies this line is goodwill alone; the lines included can change when the company changes its balance sheet.

1 As presented in Form 10-K filed .

Totals may not add up because of rounding.

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Table 4 Home Depot liabilities and shareholders' equity, annual, FY2021–FY2025 (USD millions) USD millions · net cash shown as a negative net debt
USD mFY2025at FY2024at FY2023at FY2022at FY2021at
Current liabilities32,42428,66122,01523,11028,693
Total debt51,308 D53,067 D44,111 D43,193 D39,051 D
Total liabilities92,28289,47975,48674,88373,572
Shareholders' equity12,8136,6401,0441,562−1,696
Net debt / (net cash)49,919 D51,408 D40,351 D40,436 D36,708 D
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Source: Home Depot Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Total debt = short-term debt + long-term debt, from the same filing.
  • D Net debt = total debt minus cash and short-term investments; a negative value is net cash.

Totals may not add up because of rounding.

Quarterly

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Table 5 Home Depot assets, quarterly, Q3 FY2024–Q2 FY2026 (USD millions) USD millions
USD mQ2 FY2026at Q1 FY2026at Q4 FY2025at Q3 FY2025at Q2 FY2025at Q1 FY2025at Q4 FY2024at Q3 FY2024at
Cash and short-term investments2,0851,6011,3891,6842,8041,3691,6591,531
Receivables6,9636,6245,5976,7655,8785,8864,9035,782
Inventory26,84727,28025,81726,20324,84325,76323,45123,897
Total current assets37,72037,17234,39136,11535,39134,52931,68332,949
PP&E (net)28,14727,93028,02127,68326,89626,78026,70226,573
Goodwill and intangibles33,381 D32,723 D32,673 D32,683 D28,389 D28,456 D28,458 D28,540 D
Total assets109,384107,904105,095106,274100,04999,15796,11997,264
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Source: Home Depot Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Goodwill plus the intangible assets the filing reports under the standard intangible-asset tags or the components our mapping lists for the company, from the same filing. Intangible assets a company shows on separate balance sheet lines under other tags, such as licences, may not be included, so for some companies this line is goodwill alone; the lines included can change when the company changes its balance sheet.

Totals may not add up because of rounding.

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Table 6 Home Depot liabilities and shareholders' equity, quarterly, Q3 FY2024–Q2 FY2026 (USD millions) USD millions · net cash shown as a negative net debt
USD mQ2 FY2026at Q1 FY2026at Q4 FY2025at Q3 FY2025at Q2 FY2025at Q1 FY2025at Q4 FY2024at Q3 FY2024at
Current liabilities34,98835,58032,42434,36730,84631,58928,66129,092
Total debt48,648 D50,006 D51,308 D52,814 D52,317 D52,228 D53,067 D54,578 D
Total liabilities92,76794,03092,28294,15889,38491,20289,47991,478
Shareholders' equity16,61713,87412,81312,11610,6657,9556,6405,786
Net debt / (net cash)46,563 D48,405 D49,919 D51,130 D49,513 D50,859 D51,408 D53,047 D
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Source: Home Depot Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Total debt = short-term debt + long-term debt, from the same filing.
  • D Net debt = total debt minus cash and short-term investments; a negative value is net cash.

Totals may not add up because of rounding.

Cash flow

Chart 2

Home Depot quarterly free cash flow, Q3 FY2024 to Q2 FY2026

USD bn · quarters ended to

Free cash flow by quarter, from USD 3.42 bn in Q3 FY2024 to USD 4.51 bn in Q2 FY2026.02464.5Q3FY24Q4Q1FY25Q2Q3Q4Q1FY26Q2stockfactsheet.com
Source: Home Depot Forms 10-Q and 10-K, SEC EDGAR Data as of

Annual

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Table 7 Home Depot cash flow, annual, FY2021–FY2025 (USD millions) USD millions · outflows shown with a minus sign
USD mFY2025ended FY2024ended FY2023ended FY2022ended FY2021ended
Cash from operations16,32519,81021,17214,61516,571
Capital expenditure−3,679−3,485−3,226−3,119−2,566
Free cash flow12,646 D16,325 D17,946 D11,496 D14,005 D
Dividends paid−9,152−8,929−8,383−7,789−6,985
Share buybacks0−649−7,951−6,696−14,809
Cash from investing−8,980−21,031−4,729−3,140−2,969
Cash from financing−7,714−694−15,443−10,993−19,120
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Source: Home Depot Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Free cash flow = cash from operations minus capital expenditure.

Totals may not add up because of rounding.

Quarterly

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Table 8 Home Depot cash flow, quarterly, Q3 FY2024–Q2 FY2026 (USD millions) USD millions · outflows shown with a minus sign
USD mQ2 FY2026ended Q1 FY2026ended Q4 FY2025ended Q3 FY2025ended Q2 FY2025ended Q1 FY2025ended Q4 FY2024ended Q3 FY2024ended
Cash from operations5,390 D6,0323,347 D4,010 D4,643 D4,3254,671 D4,233 D
Capital expenditure−880 D−844−1,058 D−898 D−917 D−806−1,101 D−818 D
Free cash flow4,510 D5,188 D2,289 D3,112 D3,726 D3,519 D3,570 D3,415 D
Dividends paid−2,323 D−2,320−2,289 D−2,289 D−2,288 D−2,286−2,235 D−2,234 D
Share buybacksnot availablenot available0 D0 D0 D00 D0 D
Cash from investing−1,902 D−1,109−1,215 D−5,873 D−961 D−931−1,119 D−814 D
Cash from financing−2,988 D−4,713−2,480 D746 D−2,224 D−3,756−3,331 D−3,476 D
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Source: Home Depot Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Quarter derived from year-to-date totals: the six- or nine-month figure minus the earlier quarters.
  • D Fourth quarter derived as the fiscal year minus the nine-month year-to-date total.
  • D Free cash flow = cash from operations minus capital expenditure.
  • Not available

Totals may not add up because of rounding.

Per share and dividends

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Table 9 Home Depot per-share data and dividends, annual, FY2021–FY2025 USD per share, split-adjusted · shares in millions
USDFY2025ended FY2024ended FY2023ended FY2022ended FY2021ended
Basic EPS (USD)14.2614.9615.1616.7415.59
Diluted EPS (USD)14.2314.9115.1116.6915.53
Dividends paid per share (USD)9.20 19.00 18.36 17.60 16.60 1
Diluted shares (m)9959931,0021,0251,058
Shares outstanding at year end (m)9969949921,0161,035
FCF cover (×)1.4×1.8×2.1×1.5×2.0×
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Source: Home Depot Forms 10-Q and 10-K, SEC EDGAR Data as of

1 Dividends paid per share, used where dividends declared per share are not reported.

Notes on these figures

  • R Restated
    • None in the periods shown.
  • D Derived by StockFactsheet
    • Fourth quarter derived as the fiscal year minus the nine-month year-to-date total.
    • Goodwill plus the intangible assets the filing reports under the standard intangible-asset tags or the components our mapping lists for the company, from the same filing. Intangible assets a company shows on separate balance sheet lines under other tags, such as licences, may not be included, so for some companies this line is goodwill alone; the lines included can change when the company changes its balance sheet.
    • Total debt = short-term debt + long-term debt, from the same filing.
    • Net debt = total debt minus cash and short-term investments; a negative value is net cash.
    • Free cash flow = cash from operations minus capital expenditure.
    • Quarter derived from year-to-date totals: the six- or nine-month figure minus the earlier quarters.
  • Template: standard statement set (not bank or insurer).
  • Arrows show direction of change only, not whether a change is good or bad.

How we got these numbers

Every figure comes from Home Depot's Forms 10-Q and 10-K as filed with the SEC. Derived values are marked D and explained below.

Full method for this page
Source documents
Forms 10-Q (Q3 FY2024 to Q2 FY2026) and 10-K (FY2021 to FY2025)
Period covered
8 quarters and 5 fiscal years
Calculations
TTM = sum of the last 4 quarters. Q4 = fiscal year minus the nine-month YTD. Margins = line item ÷ revenue. FCF = cash from operations − capital expenditure. CAGR = compound annual growth across the annual table.
Restatements
None in the periods shown.
Comparator
None: this page shows the company's own figures only.
Currency
As reported (USD); no FX conversion.
Read the full methodology

CSV downloads

One file per statement, with the annual and quarterly figures on this page in full units.

Sources and data

Data as of Figures are as reported in the filings below. Derived figures are our calculations (see Methodology).

(opens in new tab)
  1. [1] Filing Form 10-Q, quarter ended 2 Aug 2026 The Home Depot, Inc. · · sec.gov
  2. [2] Filing Form 10-Q, quarter ended 3 May 2026 The Home Depot, Inc. · · sec.gov
  3. [3] Filing Form 10-K, fiscal year ended 1 Feb 2026 The Home Depot, Inc. · · sec.gov
  4. [4] Filing Form 10-Q, quarter ended 2 Nov 2025 The Home Depot, Inc. · · sec.gov
  5. [5] Filing Form 10-Q, quarter ended 3 Aug 2025 The Home Depot, Inc. · · sec.gov
  6. [6] Filing Form 10-Q, quarter ended 4 May 2025 The Home Depot, Inc. · · sec.gov
  7. [7] Filing Form 10-K, fiscal year ended 2 Feb 2025 The Home Depot, Inc. · · sec.gov
  8. [8] Filing Form 10-Q, quarter ended 27 Oct 2024 The Home Depot, Inc. · · sec.gov
  9. [9] Filing Form 10-K, fiscal year ended 28 Jan 2024 The Home Depot, Inc. · · sec.gov
  10. [10] Filing Form 10-K, fiscal year ended 29 Jan 2023 The Home Depot, Inc. · · sec.gov
  11. [11] Filing Form 10-K, fiscal year ended 30 Jan 2022 The Home Depot, Inc. · · sec.gov
  12. [12] Filing Form 10-Q, quarter ended 28 Jul 2024 The Home Depot, Inc. · · sec.gov
  13. [13] Filing Form 10-Q, quarter ended 28 Apr 2024 The Home Depot, Inc. · · sec.gov
  14. [14] Filing Form 10-Q, quarter ended 29 Oct 2023 The Home Depot, Inc. · · sec.gov
  15. [15] Filing Form 10-K, fiscal year ended 31 Jan 2021 The Home Depot, Inc. · · sec.gov
  16. [16] Our dataset StockFactsheet fundamentals dataset, extracted from SEC EDGAR XBRL on ; derived values (Q4, TTM, free cash flow, net debt, margins, growth rates and ratios) are explained in Methodology.

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StockFactsheet (2026). "Home Depot (HD) financial statements: income, balance sheet and cash flow." Signed off by OffScriptBySami. Updated ; data as of . https://stockfactsheet.com/stocks/hd/financials/

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