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Best Buy Inc Financials

BBY
FY2026 annual
Revenue $41.7B +0.4% YoY
Net Income $1.1B +15.3% YoY
EPS (Diluted) $5.04 +17.8% YoY
Free Cash Flow $1.3B -9.6% YoY
Source SEC Filings (10-K/10-Q) Latest period Q2 FY2027, ended May 2, 2026 Reported Currency USD FYE January

Best Buy Inc (BBY) reported $41.7B in revenue for fiscal year 2026, up 0.4% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI BBY FY2026

A mature retailer is turning stabilized sales into cash while preserving merchandise margins, but a thinner operating layer limits earnings recovery.

Sales remain well below FY2022’s $51.8B, while FY2026 gross margin stayed near 22.5%; this points to pressure below gross profit rather than a collapse in merchandise economics. The latest operating margin recovery to 3.3% coincided with $1.3B of free cash flow, so the earnings rebound is cash-backed even though conversion remains below earlier levels.

The current ratio reached 1.1x in FY2026, indicating current assets now cover current liabilities rather than falling slightly short. Cash rose from FY2024’s $1.4B to $1.7B in FY2026 while long-term debt stayed broadly stable, so balance-sheet flexibility improved without relying on major debt reduction.

Capital intensity is contained: $1.3B of free cash flow exceeded $704M of capital expenditures in FY2026. That surplus funded dividends and buybacks without exhausting annual cash generation, while shares outstanding continued to decline.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 53 / 100
Financial Health Score 53/100

Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Best Buy Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
55

Best Buy Inc has an operating margin of 3.3%, meaning the company retains $3 of operating profit per $100 of revenue. This results in a moderate score of 55/100, indicating healthy but not exceptional operating efficiency. This is up from 3.0% the prior year.

Growth
25

Best Buy Inc's revenue grew a modest 0.4% year-over-year to $41.7B. This slow but positive growth earns a score of 25/100.

Leverage
93

Best Buy Inc carries a low D/E ratio of 0.39, meaning only $0.39 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 93/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
24

Best Buy Inc's current ratio of 1.11 is below the typical benchmark, resulting in a score of 24/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow
39

Best Buy Inc has a free cash flow margin of 3.0%, earning a moderate score of 39/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
82

Best Buy Inc earns a strong 36.1% return on equity (ROE), meaning it generates $36 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 82/100. This is up from 33.0% the prior year.

Altman Z-Score Safe
4.37

Best Buy Inc scores 4.37, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Strong
7/9

Best Buy Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
1.84x

For every $1 of reported earnings, Best Buy Inc generates $1.84 in operating cash flow ($2.0B OCF vs $1.1B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
29.55x

Best Buy Inc earns $29.55 in operating income for every $1 of interest expense ($1.4B vs $47.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$41.7B
YoY+0.4%
5Y CAGR-2.5%
10Y CAGR+0.5%

Best Buy Inc generated $41.7B in revenue in fiscal year 2026. This represents an increase of 0.4% from the prior year.

EBITDA
$2.2B
YoY+4.3%
5Y CAGR-7.2%
10Y CAGR+0.9%

Best Buy Inc's EBITDA was $2.2B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.3% from the prior year.

Net Income
$1.1B
YoY+15.3%
5Y CAGR-9.9%
10Y CAGR+1.8%

Best Buy Inc reported $1.1B in net income in fiscal year 2026. This represents an increase of 15.3% from the prior year.

EPS (Diluted)
$5.04
YoY+17.8%
5Y CAGR-5.9%
10Y CAGR+7.0%

Best Buy Inc earned $5.04 per diluted share (EPS) in fiscal year 2026. This represents an increase of 17.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$1.3B
YoY-9.6%
5Y CAGR-21.5%
10Y CAGR+6.1%

Best Buy Inc generated $1.3B in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 9.6% from the prior year.

Cash & Debt
$1.7B
YoY+10.1%
5Y CAGR-20.6%
10Y CAGR-1.3%

Best Buy Inc held $1.7B in cash against $1.2B in long-term debt as of fiscal year 2026.

Dividends Per Share
$3.80
YoY+1.1%
5Y CAGR+11.6%
10Y CAGR+10.3%

Best Buy Inc paid $3.80 per share in dividends in fiscal year 2026. This represents an increase of 1.1% from the prior year.

Shares Outstanding
209M
YoY-1.1%
5Y CAGR-3.5%
10Y CAGR-4.3%

Best Buy Inc had 209M shares outstanding in fiscal year 2026. This represents a decrease of 1.1% from the prior year.

Margins & Returns

Gross Margin
22.5%
YoY-0.1pp
5Y CAGR+0.1pp
10Y CAGR-0.8pp

Best Buy Inc's gross margin was 22.5% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the prior year.

Operating Margin
3.3%
YoY+0.3pp
5Y CAGR-1.7pp
10Y CAGR-0.1pp

Best Buy Inc's operating margin was 3.3% in fiscal year 2026, reflecting core business profitability. This is up 0.3 percentage points from the prior year.

Net Margin
2.6%
YoY+0.3pp
5Y CAGR-1.2pp
10Y CAGR+0.3pp

Best Buy Inc's net profit margin was 2.6% in fiscal year 2026, showing the share of revenue converted to profit. This is up 0.3 percentage points from the prior year.

Return on Equity
36.1%
YoY+3.1pp
5Y CAGR-3.1pp
10Y CAGR+15.6pp

Best Buy Inc's ROE was 36.1% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 3.1 percentage points from the prior year.

Capital Allocation

Share Buybacks
$273.0M
YoY-45.4%
5Y CAGR-2.6%
10Y CAGR-12.2%

Best Buy Inc spent $273.0M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 45.4% from the prior year.

Capital Expenditures
$704.0M
YoY-0.3%
5Y CAGR-0.3%
10Y CAGR+0.8%

Best Buy Inc invested $704.0M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 0.3% from the prior year.

R&D Spending

Not reported for fiscal year 2026.

BBY Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

BBY quarterly income statement
MetricQ2'27Q4'26Q3'26Q2'26Q1'26Q4'25Q3'25Q2'25
Revenue$8.9B-7.6%$9.7B+2.5%$9.4B+7.7%$8.8B-37.5%$14.0B+48.5%$9.4B+1.7%$9.3B+5.0%$8.8B
Cost of Revenue$6.8B-7.9%$7.4B+2.5%$7.2B+7.8%$6.7B-39.5%$11.1B+53.5%$7.2B+1.8%$7.1B+4.7%$6.8B
Gross Profit$2.1B-6.5%$2.2B+2.5%$2.2B+7.1%$2.0B-30.1%$2.9B+32.3%$2.2B+1.4%$2.2B+5.9%$2.1B
SG&A Expenses$1.7B-7.6%$1.9B+3.0%$1.8B+6.3%$1.7B-23.5%$2.2B+20.2%$1.9B+3.4%$1.8B+4.2%$1.7B
Operating Income$370.0M+86.9%$198.0M-21.1%$251.0M+14.6%$219.0M-29.4%$310.0M-11.4%$350.0M-8.6%$383.0M+22.8%$312.0M
Interest Expense$11.0M-8.3%$12.0M0.0%$12.0M0.0%$12.0M-7.7%$13.0M0.0%$13.0M0.0%$13.0M+8.3%$12.0M
Income Tax$102.0M+59.4%$64.0M-5.9%$68.0M+257.9%$19.0M-88.6%$167.0M+96.5%$85.0M-15.8%$101.0M+26.3%$80.0M
Net Income$276.0M+97.1%$140.0M-24.7%$186.0M-7.9%$202.0M+25.5%$161.0M-41.0%$273.0M-6.2%$291.0M+18.3%$246.0M
EPS (Diluted)$1.31+98.5%$0.66-24.1%$0.87-8.4%$0.95+72.7%$0.55-56.3%$1.26-6.0%$1.34+18.6%$1.13

Not reported in any period shown, so not listed: R&D Expenses.

BBY Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

BBY quarterly balance sheet
MetricQ2'27Q4'26Q3'26Q2'26Q1'26Q4'25Q3'25Q2'25
Total Assets$14.9B-11.3%$16.8B+10.1%$15.3B+8.0%$14.1B-4.4%$14.8B-13.1%$17.0B+8.9%$15.6B+5.9%$14.8B
Current Assets$8.7B-17.3%$10.6B+19.1%$8.9B+17.0%$7.6B-7.8%$8.2B-17.4%$10.0B+16.3%$8.6B+10.4%$7.8B
Cash & Equivalents$1.7B+89.5%$923.0M-36.6%$1.5B+26.9%$1.1B-27.3%$1.6B+145.4%$643.0M-53.6%$1.4B+14.3%$1.2B
Inventory$5.6B-30.0%$8.0B+37.4%$5.8B+12.0%$5.2B+2.1%$5.1B-34.9%$7.8B+36.8%$5.7B+9.2%$5.2B
Goodwill$790.0M0.0%$790.0M-13.0%$908.0M0.0%$908.0M0.0%$908.0M-34.3%$1.4B0.0%$1.4B0.0%$1.4B
Total Liabilities$11.8B-16.5%$14.1B+12.7%$12.5B+10.3%$11.4B-5.1%$12.0B-14.1%$13.9B+11.3%$12.5B+7.3%$11.7B
Current Liabilities$7.8B-22.9%$10.1B+18.2%$8.6B+15.4%$7.4B-7.5%$8.0B-19.4%$9.9B+17.7%$8.5B+10.5%$7.6B
Long-Term Debt$1.2B+0.3%$1.2B-0.8%$1.2B+1.0%$1.2B+0.8%$1.1B0.0%$1.1B-1.1%$1.2B+2.0%$1.1B
Total Equity$3.1B+16.2%$2.7B-2.3%$2.7B-1.7%$2.8B-1.6%$2.8B-8.9%$3.1B-0.8%$3.1B+0.8%$3.1B
Retained Earnings$2.7B+16.1%$2.3B-3.1%$2.4B-1.9%$2.4B-2.3%$2.5B-9.6%$2.8B-0.9%$2.8B+1.9%$2.7B

Not reported in any period shown, so not listed: Accounts Receivable.

BBY Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

BBY quarterly cash flow statement
MetricQ2'27Q4'26Q3'26Q2'26Q1'26Q4'25Q3'25Q2'25
Operating Cash Flow$375.0M+478.8%-$99.0M-113.2%$749.0M+2102.9%$34.0M-97.8%$1.5B+700.4%-$256.0M-138.7%$661.0M+323.7%$156.0M
Capital Expenditures$160.0M-14.9%$188.0M+7.4%$175.0M+5.4%$166.0M-6.7%$178.0M-7.8%$193.0M+5.5%$183.0M+20.4%$152.0M
Free Cash Flow$215.0M+174.9%-$287.0M-150.0%$574.0M+534.8%-$132.0M-109.7%$1.4B+402.7%-$449.0M-193.9%$478.0M+11850.0%$4.0M
Investing Cash Flow-$160.0M+14.0%-$186.0M+8.4%-$203.0M-22.3%-$166.0M+8.8%-$182.0M-7.1%-$170.0M+8.1%-$185.0M-10.8%-$167.0M
Financing Cash Flow-$202.0M+13.7%-$234.0M+13.0%-$269.0M+11.8%-$305.0M+26.9%-$417.0M-24.5%-$335.0M-9.8%-$305.0M-21.0%-$252.0M
Dividends Paid$202.0M+1.5%$199.0M-1.0%$201.0M-0.5%$202.0M+1.0%$200.0M-1.0%$202.0M-0.5%$203.0M+0.5%$202.0M
Share Buybacks$0-100.0%$35.0M-46.2%$65.0M-35.0%$100.0M-53.5%$215.0M+56.9%$137.0M+39.8%$98.0M+96.0%$50.0M

BBY Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

BBY quarterly financial ratios
MetricQ2'27Q4'26Q3'26Q2'26Q1'26Q4'25Q3'25Q2'25
Gross Margin23.5%+0.3pp23.2%0.0pp23.3%-0.1pp23.4%+2.5pp20.9%-2.6pp23.5%-0.1pp23.5%+0.2pp23.3%
Operating Margin4.1%+2.1pp2.1%-0.6pp2.7%+0.2pp2.5%+0.3pp2.2%-1.5pp3.7%-0.4pp4.1%+0.6pp3.5%
Net Margin3.1%+1.6pp1.5%-0.5pp2.0%-0.3pp2.3%+1.1pp1.1%-1.7pp2.9%-0.2pp3.1%+0.4pp2.8%
Return on Equity8.9%+3.7pp5.3%-1.6pp6.9%-0.5pp7.3%+1.6pp5.7%-3.1pp8.9%-0.5pp9.4%+1.4pp8.0%
Return on Assets1.8%+1.0pp0.8%-0.4pp1.2%-0.2pp1.4%+0.3pp1.1%-0.5pp1.6%-0.3pp1.9%+0.2pp1.7%
Current Ratio1.12+0.1x1.050.0x1.040.0x1.020.0x1.030.0x1.000.0x1.010.0x1.01
Debt-to-Equity0.38-0.1x0.440.0x0.430.0x0.420.0x0.410.0x0.370.0x0.370.0x0.37
FCF Margin2.4%+5.4pp-3.0%-9.0pp6.1%+7.6pp-1.5%-11.2pp9.7%+14.4pp-4.8%-9.9pp5.1%+5.1pp0.1%

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Frequently Asked Questions

What is Best Buy Inc's annual revenue?

Best Buy Inc (BBY) reported $41.7B in total revenue for fiscal year 2026. This represents a 0.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Best Buy Inc's revenue growing?

Best Buy Inc (BBY) revenue grew by 0.4% year-over-year, from $41.5B to $41.7B in fiscal year 2026.

Is Best Buy Inc profitable?

Yes, Best Buy Inc (BBY) reported a net income of $1.1B in fiscal year 2026, with a net profit margin of 2.6%.

Best Buy Inc (BBY) reported diluted earnings per share of $5.04 for fiscal year 2026. This represents a 17.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Best Buy Inc (BBY) had EBITDA of $2.2B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2026, Best Buy Inc (BBY) had $1.7B in cash and equivalents against $1.2B in long-term debt.

Best Buy Inc (BBY) had a gross margin of 22.5% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

Best Buy Inc (BBY) had an operating margin of 3.3% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

Best Buy Inc (BBY) had a net profit margin of 2.6% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Yes, Best Buy Inc (BBY) paid $3.80 per share in dividends during fiscal year 2026.

Best Buy Inc (BBY) has a return on equity of 36.1% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

Best Buy Inc (BBY) generated $1.3B in free cash flow during fiscal year 2026. This represents a -9.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Best Buy Inc (BBY) generated $2.0B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

Best Buy Inc (BBY) had $14.7B in total assets as of fiscal year 2026, including both current and long-term assets.

Best Buy Inc (BBY) invested $704.0M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Yes, Best Buy Inc (BBY) spent $273.0M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

Best Buy Inc (BBY) had 209M shares outstanding as of fiscal year 2026.

Best Buy Inc (BBY) had a current ratio of 1.11 as of fiscal year 2026, which is considered adequate.

Best Buy Inc (BBY) had a debt-to-equity ratio of 0.39 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

Best Buy Inc (BBY) had a return on assets of 7.3% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

Best Buy Inc (BBY) has an Altman Z-Score of 4.37, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Best Buy Inc (BBY) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Best Buy Inc (BBY) has an earnings quality ratio of 1.84x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Best Buy Inc (BBY) has an interest coverage ratio of 29.55x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Best Buy Inc (BBY) scores 53 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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