The Home Depot, Inc.

The Home Depot, Inc. Earnings Recaps

HD Consumer Discretionary 3 recaps
Q4 2026 Feb 24, 2026

Home Depot's Q4 and FY 2025 results showcased modest sales growth alongside a decline in EPS, reflecting stabilization in consumer demand amid challenging housing conditions.

Key takeaways
  • Q4 sales increased by 0.4% YoY, with total FY 2025 sales at $164.7 billion, representing a 3.2% increase.
  • Adjusted diluted EPS fell to $2.72 from $3.13 in Q4 2024; FY 2025 EPS down to $14.69 from $15.24.
  • Despite consumer uncertainty, strong customer engagement and traction with Pro customers are driving market share growth.
  • Operational improvements, including a more effective team structure, led to increased labor productivity and service enhancements.
  • Guidance for FY 2026 anticipates sales growth of 2.5% to 4.5% and EPS growth of flat to 4%.
Full recap
Q3 2025 Nov 18, 2025

The Home Depot reported third-quarter sales of $41.4 billion, reflecting a 2.8% increase year-over-year, though comp sales remained flat, with adjusted EPS slightly down at $3.74.

Key takeaways
  • Comp sales increased 0.2% overall, with U.S. comps rising by 0.1%, indicating stability amidst consumer uncertainty.
  • The acquisition of GMS enhances SRS's position in the specialty building products sector, broadening capabilities for Pro customers.
  • Technology initiatives, such as a new project planning tool and blueprint takeoffs leveraging AI, aim to improve service and efficiency for professional customers.
  • Despite strong operational execution, results were impacted by a lack of weather-related demand in roofing and other categories.
  • The company revised its fiscal 2025 guidance, citing pressures in the housing sector affecting home improvement demand.
Full recap
Q2 2025 Aug 19, 2025

The Home Depot reported a solid second quarter with revenue of $45.3 billion, reflecting a 4.9% year-over-year increase, driven by enhanced customer engagement and strategic investments.

Key takeaways
  • Comp sales rose 1% YoY in the U.S., indicating resilient customer demand for smaller home improvement projects.
  • Adjusted diluted EPS improved slightly to $4.68, maintaining profitability amidst competitive pressures.
  • The acquisition of SRS is yielding positive organic growth and market share expansion, with plans for further growth bolstered by the pending GMS acquisition.
  • Improved delivery capabilities and technology investments have resulted in faster fulfillment and increased customer satisfaction, with notable double-digit spending growth among customers utilizing expedited options.
Full recap