Home Depot (NYSE: HD) 2025 sales rise 3.2% as EPS eases

Rhea-AI Filing Summary

The Home Depot, Inc. reported fiscal 2025 sales of $164.7 billion, up 3.2% from fiscal 2024, while diluted earnings per share declined to $14.23 from $14.91. Comparable sales rose 0.3% for the year, with U.S. comparable sales up 0.5%.

In the fourth quarter, sales were $38.2 billion, down 3.8%, reflecting a 13‑week quarter versus 14 weeks in the prior year; net earnings were $2.6 billion, or $2.58 per diluted share. Adjusted diluted EPS was $2.72 for the quarter and $14.69 for the year.

The company’s board raised the quarterly dividend 1.3% to $2.33 per share, its 156th consecutive cash dividend. For fiscal 2026, guidance calls for total sales growth of approximately 2.5%–4.5% and diluted EPS growth of approximately flat to 4.0% from fiscal 2025 levels.

Insights

Equity Research Analyst

Home Depot posts modest sales growth, lower EPS, and cautious 2026 guidance.

Home Depot grew fiscal 2025 net sales 3.2% to $164.7 billion, but diluted EPS slipped to $14.23 from $14.91. Comparable sales were slightly positive, with total comps up 0.3% and U.S. comps up 0.5%, indicating stable but subdued demand.

Fourth-quarter trends were softer: net sales fell 3.8% to $38.2 billion and diluted EPS declined 14.6% to $2.58. However, the prior-year quarter included a 14th week that added about $2.5 billion of sales and $0.30 to diluted EPS, so part of the decline reflects this calendar difference.

Management increased the quarterly dividend 1.3% to $2.33 per share and guided fiscal 2026 total sales growth to approximately 2.5%–4.5%, with diluted and adjusted diluted EPS expected to grow approximately flat to 4.0%. Future filings will clarify how macro conditions, housing, and integration of acquisitions influence whether results track this guidance.

false000035495000003549502026-02-242026-02-24

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

__________________

FORM 8-K

__________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): February 24, 2026

__________________

THE HOME DEPOT, INC.

(Exact Name of Registrant as Specified in Charter)

 __________________

Delaware

1-8207

95-3261426

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

2455 Paces Ferry Road, Atlanta, Georgia 30339

(Address of Principal Executive Offices) (Zip Code)

(770) 433-8211

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

  __________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading symbol

Name of each exchange on which registered

Common Stock, $0.05 Par Value Per Share

HD

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02.     Results of Operations and Financial Condition.

On February 24, 2026, The Home Depot, Inc. (the “Company”) issued a press release, attached as Exhibit 99.1 and incorporated herein by reference, announcing the Company’s financial results for the fiscal quarter and the fiscal year ended February 1, 2026.

The information contained in this Item 2.02, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of Section 18. Furthermore, the information contained in this Item 2.02 and Exhibit 99.1 shall not be deemed to be incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended.

Item 9.01.     Financial Statements and Exhibits.

(d)     Exhibits.

Exhibit						Description
99.1						Press Release of The Home Depot, Inc.
104						Cover Page Interactive Data File (formatted as Inline XBRL)

2

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			THE HOME DEPOT, INC.
			By:			/s/ Richard V. McPhail
			Name:			Richard V. McPhail
			Title:			Executive Vice President and Chief Financial Officer

Date: February 24, 2026

3

Exhibit 99.1

The Home Depot Announces Fourth Quarter and Fiscal 2025 Results;

Increases Quarterly Dividend by 1.3%;

Provides Fiscal 2026 Guidance

ATLANTA, February 24, 2026 -- The Home Depot®, the world's largest home improvement retailer, today reported fourth quarter and fiscal 2025 results.

Fourth Quarter 2025

Sales for the fourth quarter of fiscal 2025 were $38.2 billion, a decrease of $1.5 billion, or 3.8% from the fourth quarter of fiscal 2024. The fourth quarter of fiscal 2025 consisted of 13 weeks compared with 14 weeks for the prior year. The 14th week in fiscal 2024 added approximately $2.5 billion of sales to the fourth quarter and the year.

Comparable sales for the fourth quarter of fiscal 2025 increased 0.4%, and comparable sales in the U.S. increased 0.3%.

Net earnings for the fourth quarter of fiscal 2025 were $2.6 billion, or $2.58 per diluted share, compared with net earnings of $3.0 billion, or $3.02 per diluted share, in the same period of fiscal 2024. The 14th week in fiscal 2024 added approximately $0.30 to diluted earnings per share to the fourth quarter and the year.

Adjusted(1) diluted earnings per share for the fourth quarter of fiscal 2025 were $2.72, compared with adjusted diluted earnings per share of $3.13 in the same period of fiscal 2024. The 14th week in fiscal 2024 added approximately $0.30 to adjusted diluted earnings per share to the fourth quarter and the year.

Fiscal 2025

Sales for fiscal 2025 were $164.7 billion, an increase of $5.2 billion, or 3.2% from fiscal 2024. Comparable sales for fiscal 2025 increased 0.3%, and comparable sales in the U.S. increased 0.5%.

Net earnings for fiscal 2025 were $14.2 billion, or $14.23 per diluted share, compared with net earnings of $14.8 billion, or $14.91 per diluted share in fiscal 2024.

Adjusted(1) diluted earnings per share for fiscal 2025 were $14.69, compared with adjusted diluted earnings per share of $15.24 in fiscal 2024.

(1)    The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). As used in this earnings release, adjusted operating income, adjusted operating margin, and adjusted diluted earnings per share are non-GAAP financial measures. Refer to the end of this release for an explanation of these non-GAAP financial measures and reconciliations to the most directly comparable GAAP measures.

“Throughout fiscal 2025, our teams did an incredible job engaging with our customers and growing market share, and I would like to thank them for their hard work and dedication,” said Ted Decker, chair, president and CEO. “For the fourth quarter, our results were largely in-line with our expectations, reflecting the lack of storm activity in the third quarter and ongoing consumer uncertainty and pressure in housing. Adjusting for storms, underlying demand was relatively stable throughout the year.”

Dividend Declaration

The Company today announced that its board of directors approved a 1.3% increase in its quarterly dividend to $2.33 per share, which equates to an annual dividend of $9.32 per share.

The dividend is payable on March 26, 2026, to shareholders of record at the close of business on March 12, 2026. This is the 156th consecutive quarter the Company has paid a cash dividend.

Fiscal 2026 Guidance

The company provides the following guidance for fiscal 2026:

•Total sales growth of approximately 2.5% to 4.5%

•Comparable sales growth of approximately flat to 2.0%

•Approximately 15 new stores

•Gross margin of approximately 33.1%

•Operating margin of approximately 12.4% to 12.6%

•Adjusted(1) operating margin of approximately 12.8% to 13.0%

•Effective tax rate of approximately 24.3%

•Net interest expense of approximately $2.3 billion

•Diluted earnings-per-share to grow approximately flat to 4.0% from $14.23 in fiscal 2025

•Adjusted(1) diluted earnings-per-share to grow approximately flat to 4.0% from $14.69 in fiscal 2025

•Capital expenditures of approximately 2.5% of total sales

The Home Depot will conduct a conference call today at 9 a.m. ET to discuss information included in this news release and related matters. The conference call will be available in its entirety through a webcast and replay at ir.homedepot.com/events-and-presentations.

At the end of the fourth quarter, the company operated a total of 2,359 retail stores and over 1,250 SRS locations across all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The Company employs over 470,000 associates. The Home Depot's stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor's 500 index.

###

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained herein constitute "forward-looking statements" under the federal securities laws, including as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events, and use words such as “may,” “will,” “could,” “should,” “would,” “anticipate,” “intend,” “estimate,” “project,” “plan,” “believe,” “expect,” “target,” "prospects,” “potential,” "commit” and "forecast,” or words of similar import or meaning or refer to future time periods. Forward-looking statements may relate to, among other things: our brand and reputation; the demand for our products and services, including as a result of macroeconomic conditions and changing customer preferences and expectations; net sales growth; comparable sales; the effects of competition; implementation of interconnected retail, store, supply chain, technology, innovation and other strategic initiatives, including with respect to real estate; inventory, on-shelf availability, and in-stock positions; the state of the economy; the state of the housing and home improvement markets; the state of the credit markets, including mortgages, home equity loans, and consumer and trade credit; the impact of tariffs; trade policy changes or restrictions, or international trade disputes and efforts and ability to continue to diversify our supply chain; issues related to the payment methods we accept; demand for credit offerings including trade credit; management of relationships with our associates, jobseekers, suppliers and service providers; cost and availability of labor; costs of fuel and other energy sources; events that could disrupt our business, supply chain, technology infrastructure, or demand for our products and services, such as tariffs, trade policy changes or restrictions or international trade disputes, natural disasters, climate change, public health issues, cybersecurity events, labor disputes, geopolitical tensions or conflicts, military conflicts, or acts of war; our ability to maintain a safe and secure store environment; our ability to address expectations regarding sustainability and human capital management matters and meet related goals; continuation or suspension of share repurchases; net earnings and margin performance; earnings per share; future dividends; capital allocation and expenditures; productivity; liquidity; return on invested capital; expense and debt leverage; changes in interest rates; changes in foreign currency exchange rates; commodity or other price inflation and deflation; our ability to issue debt on terms and at rates acceptable to us; the impact and expected outcome of investigations, inquiries, claims, and litigation, including compliance with related settlements; the challenges of operating in international markets; the adequacy of insurance coverage; the effect of accounting charges; the effect of adopting certain accounting standards; the impact of legal and regulatory changes, including executive orders and other administrative or legislative actions, such as changes to tax laws and regulations; store openings and closures; financial outlook, including guidance for fiscal 2026; and the impact of acquired companies, including SRS and GMS, on our organization and the ability to recognize the anticipated benefits of completed or pending acquisitions.

These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control, dependent on the actions of third parties, or currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our historical experience and our expectations and projections. These risks and uncertainties include, but are not limited to, those described in Part I, Item 1A. "Risk Factors," and elsewhere in our Annual Report on Form 10-K for our fiscal year ended February 2, 2025 and also as described from time to time in reports subsequently filed with the Securities and Exchange Commission. There also may be other factors that we cannot anticipate or that are not described herein, generally because we do not currently perceive them to be material. Such factors could cause results to differ materially from our expectations. Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our filings with the Securities and Exchange Commission and in our other public statements.

Non-GAAP Financial Measures

To provide additional transparency, we supplement our disclosure with certain non-GAAP financial measures. When used in conjunction with our GAAP financial measures, we believe these supplemental non-GAAP financial measures will help management and investors to better understand and analyze our performance. However, this supplemental information should not be considered in isolation or as a substitute for the related GAAP measures. Refer to the end of this release for an explanation and definitions of these non-GAAP financial measures and reconciliations to the most directly comparable GAAP measures.

For more information, contact:

Financial Community						News Media
Isabel Janci						Sara Gorman
Vice President of Investor Relations and Treasurer						Senior Director of Corporate Communications
770-384-2666						770-384-2852
isabel_janci@homedepot.com						sara_gorman@homedepot.com

THE HOME DEPOT, INC.

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS

(Unaudited)

			Three Months Ended (1)																		Fiscal Year Ended (2)
in millions, except per share data			February 1, 2026						February 2, 2025						% Change						February 1, 2026						February 2, 2025						% Change
Net sales			$	38,198					$	39,704					(3.8)		%				$	164,683					$	159,514					3.2		%
Cost of sales			25,732						26,670						(3.5)						109,818						106,206						3.4
Gross profit			12,466						13,034						(4.4)						54,865						53,308						2.9
Operating expenses:
Selling, general and administrative			7,772						7,725						0.6						30,702						28,748						6.8
Depreciation and amortization			845						814						3.8						3,273						3,034						7.9
Total operating expenses			8,617						8,539						0.9						33,975						31,782						6.9
Operating income			3,849						4,495						(14.4)						20,890						21,526						(3.0)
Interest and other (income) expense:
Interest income and other, net			(43)						(30)						43.3						(124)						(201)						(38.3)
Interest expense			594						638						(6.9)						2,412						2,321						3.9
Interest and other, net			551						608						(9.4)						2,288						2,120						7.9
Earnings before provision for income taxes			3,298						3,887						(15.2)						18,602						19,406						(4.1)
Provision for income taxes			727						890						(18.3)						4,446						4,600						(3.3)
Net earnings			$	2,571					$	2,997					(14.2)		%				$	14,156					$	14,806					(4.4)		%
Basic weighted average common shares			993						991						0.2		%				993						990						0.3		%
Basic earnings per share			$	2.59					$	3.02					(14.2)						$	14.26					$	14.96					(4.7)
Diluted weighted average common shares			995						994						0.1		%				995						993						0.2		%
Diluted earnings per share			$	2.58					$	3.02					(14.6)						$	14.23					$	14.91					(4.6)
			Three Months Ended (1)																		Fiscal Year Ended (2)
Selected sales data:			February 1, 2026						February 2, 2025						% Change						February 1, 2026						February 2, 2025						% Change
Comparable sales (% change)			0.4		%				0.8		%				N/A						0.3		%				(1.8)		%				N/A
Comparable customer transactions (% change) (3)			(1.6)		%				0.6		%				N/A						(1.0)		%				(1.0)		%				N/A
Comparable average ticket (% change) (3)			2.4		%				0.2		%				N/A						1.4		%				(0.9)		%				N/A
Customer transactions (in millions) (3)			366.5						400.4						(8.5)		%				1,601.5						1,637.2						(2.2)		%
Average ticket (3)			$	91.28					$	89.11					2.4						$	90.56					$	89.31					1.4

—————

(1)Three months ended February 1, 2026 includes 13 weeks. Three months ended February 2, 2025 includes 14 weeks.

(2)Fiscal year ended February 1, 2026 includes 52 weeks. Fiscal year ended February 2, 2025 includes 53 weeks.

(3)Customer transactions and average ticket measures do not include results from HD Supply or SRS (including GMS).

THE HOME DEPOT, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

in millions			February 1, 2026												February 2, 2025
Assets
Current assets:
Cash and cash equivalents			$	1,389											$	1,659
Receivables, net			5,597												4,903
Merchandise inventories			25,817												23,451
Other current assets			1,588												1,670
Total current assets			34,391												31,683
Net property and equipment			28,021												26,702
Operating lease right-of-use assets			9,204												8,592
Goodwill			22,344												19,475
Intangible assets, net			10,329												8,983
Other assets			806												684
Total assets			$	105,095											$	96,119
Liabilities and Stockholders' Equity
Current liabilities:
Short-term debt			$	4,464											$	316
Accounts payable			11,491												11,938
Accrued salaries and related expenses			2,529												2,315
Current installments of long-term debt			4,967												4,582
Current operating lease liabilities			1,418												1,274
Other current liabilities			7,555												8,236
Total current liabilities			32,424												28,661
Long-term debt, excluding current installments			46,341												48,485
Long-term operating lease liabilities			8,160												7,633
Other long-term liabilities			5,357												4,700
Total liabilities			92,282												89,479
Total stockholders’ equity			12,813												6,640
Total liabilities and stockholders’ equity			$	105,095											$	96,119

THE HOME DEPOT, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

			Fiscal Year Ended (1)
in millions			February 1, 2026						February 2, 2025
Cash Flows from Operating Activities:
Net earnings			$	14,156					$	14,806
Reconciliation of net earnings to net cash provided by operating activities:
Depreciation and amortization, excluding amortization of intangible assets			3,514						3,336
Intangible asset amortization			607						425
Stock-based compensation expense			522						442
Changes in working capital			(3,084)						679
Changes in deferred income taxes			418						15
Other operating activities			192						107
Net cash provided by operating activities			16,325						19,810
Cash Flows from Investing Activities:
Capital expenditures			(3,679)						(3,485)
Payments for businesses acquired, net			(5,410)						(17,644)
Other investing activities			109						98
Net cash used in investing activities			(8,980)						(21,031)
Cash Flows from Financing Activities:
Proceeds from short-term debt, net			4,148						316
Proceeds from long-term debt, net of discounts			2,161						10,010
Repayments of long-term debt			(5,040)						(1,536)
Repurchases of common stock			—						(649)
Proceeds from sales of common stock			314						395
Cash dividends			(9,152)						(8,929)
Other financing activities			(145)						(301)
Net cash used in financing activities			(7,714)						(694)
Change in cash and cash equivalents			(369)						(1,915)
Effect of exchange rate changes on cash and cash equivalents			99						(186)
Cash and cash equivalents at beginning of period			1,659						3,760
Cash and cash equivalents at end of period			$	1,389					$	1,659

—————

(1)Fiscal year ended February 1, 2026 includes 52 weeks. Fiscal year ended February 2, 2025 includes 53 weeks.

NON-GAAP FINANCIAL MEASURES

Adjusted operating income, adjusted operating margin (calculated as adjusted operating income divided by total net sales), and adjusted diluted earnings per share are presented as supplemental financial measures in the evaluation of our business that are not required by or presented in accordance with GAAP. The Company excludes the impact of amortization expense from acquired intangible assets from adjusted operating income and adjusted operating margin, and the impact of amortization expense from acquired intangible assets, including the related tax effects, from adjusted diluted earnings per share. We do not adjust for the revenue that is generated in part from the use of our acquired intangible assets. Amortization expense, unlike the related revenue, is not affected by operations in any particular period unless an intangible asset becomes impaired, or the useful life of an intangible asset is revised.

When used in conjunction with our GAAP results, we believe these non-GAAP measures provide investors with meaningful supplemental measures of our performance period to period, make it easier for investors to compare our underlying business performance to peers, and align to how management analyzes trends and evaluates performance internally. The Company provides non-GAAP financial information on this basis to facilitate comparability when we report earnings results. These non-GAAP measures should not be considered in isolation or as a substitute for their comparable GAAP financial measures. Investors should rely primarily on our GAAP results and use non-GAAP financial measures only supplementally in making investment decisions. Our calculation of non-GAAP measures may not be comparable to similarly titled measures reported by other companies and other companies may not define these non-GAAP financial measures in the same way, which may limit their usefulness as comparative measures.

RECONCILIATION OF ADJUSTED OPERATING INCOME AND ADJUSTED OPERATING MARGIN

			Three Months Ended (1)																		Fiscal Year Ended (2)
USD in millions			February 1, 2026						February 2, 2025						% Change						February 1, 2026						February 2, 2025						% Change
Operating income (GAAP)			$	3,849					$	4,495					(14.4)		%				$	20,890					$	21,526					(3.0)		%
Operating margin (3)			10.1		%				11.3		%										12.7		%				13.5		%
Acquired intangible asset amortization (4)			171						145												607						425
Adjusted operating income (Non-GAAP)			$	4,020					$	4,640					(13.4)		%				$	21,497					$	21,951					(2.1)		%
Adjusted operating margin (Non-GAAP) (5)			10.5		%				11.7		%										13.1		%				13.8		%

—————

(1)    Three months ended February 1, 2026 and February 2, 2025 includes 13 and 14 weeks, respectively.

(2)    Fiscal year ended February 1, 2026 and February 2, 2025 includes 52 and 53 weeks, respectively.

(3)    Operating margin is calculated as operating income divided by total net sales.

(4)    Amounts include acquired intangible asset amortization of $118 million and $398 million during the three and twelve months ended February 1, 2026, respectively, and $93 million and $218 million during the three and twelve months ended February 2, 2025, respectively, related to SRS Distribution, Inc., and its subsidiaries.

(5)    Adjusted operating margin is calculated as adjusted operating income divided by total net sales.

Our adjusted operating margin guidance for fiscal 2026 excludes an expected approximately 40 basis point impact from acquired intangible asset amortization.

RECONCILIATION OF ADJUSTED DILUTED EARNINGS PER SHARE

			Three Months Ended (1)																		Fiscal Year Ended (2)
per share amounts			February 1, 2026						February 2, 2025						% Change						February 1, 2026						February 2, 2025						% Change
Diluted earnings per share (GAAP)			$	2.58					$	3.02					(14.6)		%				$	14.23					$	14.91					(4.6)		%
Impact of acquired intangible asset amortization			0.17						0.14												0.61						0.43
Income tax impact of non-GAAP adjustment (3)			(0.03)						(0.03)												(0.15)						(0.10)
Adjusted diluted earnings per share (Non-GAAP)			$	2.72					$	3.13					(13.1)		%				$	14.69					$	15.24					(3.6)		%

—————

(1)    Three months ended February 1, 2026 and February 2, 2025 includes 13 and 14 weeks, respectively. The 14th week of the fourth quarter of fiscal 2024 increased adjusted diluted earnings per share by approximately $0.30.

(2)    Fiscal year ended February 1, 2026 and February 2, 2025 includes 52 and 53 weeks, respectively. The 53rd week of fiscal 2024 increased adjusted diluted earnings per share by approximately $0.30.

(3)    Calculated as the per share impact of acquired intangible asset amortization multiplied by the Company’s effective tax rate for the period.

Our adjusted diluted earnings per share guidance for fiscal 2026 excludes an expected after-tax impact of approximately $0.50 from acquired intangible asset amortization.

FAQ

How did Home Depot (HD) perform in the fourth quarter of fiscal 2025?

Home Depot’s fourth-quarter 2025 net sales were $38.2 billion, down 3.8% from the prior year’s quarter. Comparable sales still increased 0.4%, with U.S. comps up 0.3%. Net earnings were $2.6 billion, or $2.58 per diluted share, versus $3.02 previously.

What were Home Depot’s full-year fiscal 2025 sales and earnings?

For fiscal 2025, Home Depot generated $164.7 billion in net sales, a 3.2% increase from fiscal 2024. Net earnings were $14.2 billion, with diluted earnings per share of $14.23, down from $14.91. Adjusted diluted EPS was $14.69 compared with $15.24 a year earlier.

What dividend did Home Depot announce alongside its fiscal 2025 results?

Home Depot’s board approved a 1.3% increase in the quarterly dividend to $2.33 per share, or $9.32 annually. The dividend is payable on March 26, 2026 to shareholders of record on March 12, 2026, marking the company’s 156th consecutive cash dividend.

What guidance did Home Depot give for fiscal 2026 sales and earnings?

For fiscal 2026, Home Depot expects total sales growth of approximately 2.5% to 4.5% and comparable sales growth of about flat to 2.0%. Diluted and adjusted diluted earnings per share are projected to grow approximately flat to 4.0% from fiscal 2025 levels.

How are Home Depot’s non-GAAP adjusted earnings calculated?

Home Depot’s adjusted operating income, margin, and diluted EPS exclude amortization of acquired intangible assets and related tax effects. For fiscal 2025, this raised adjusted diluted EPS to $14.69 versus GAAP diluted EPS of $14.23. Management uses these measures alongside GAAP to evaluate underlying performance.

What did Home Depot’s cash flow look like for fiscal 2025?

In fiscal 2025, Home Depot generated $16.3 billion in net cash from operating activities, down from $19.8 billion in the prior year. Net cash used in investing activities was $9.0 billion, while net cash used in financing activities totaled $7.7 billion, including $9.2 billion of cash dividends.

How many stores and associates did Home Depot have at the end of fiscal 2025?

At the end of the fourth quarter of fiscal 2025, Home Depot operated 2,359 retail stores and over 1,250 SRS locations across the U.S., Canada, and Mexico. The company employed over 470,000 associates, reflecting its large-scale presence in home improvement retail.

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 EX-99.1 213.5 KB

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• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.8 KB
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