Home Depot (HD) financial statements
Home Depot reported revenue of $164.7B in fiscal 2026, up 6.4% a year over 9 years.
Net income was $14.2B and the operating margin 12.7%, against 14.2% in 2017.
Free cash flow was $12.6B, and the company returned $9.2B in dividends.
The diluted share count fell 19% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Home Depot's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $94.6B | $100.9B | $108.2B | $110.2B | $132.1B | $151.2B | $157.4B | $152.7B | $159.5B | $164.7B |
| Cost of revenue | $62.3B | $66.5B | $71.0B | $72.7B | $87.3B | $100.3B | $104.6B | $101.7B | $106.2B | $109.8B |
| Gross profit | $32.3B | $34.4B | $37.2B | $37.6B | $44.9B | $50.8B | $52.8B | $51.0B | $53.3B | $54.9B |
| Selling, general and admin | $17.1B | $17.9B | $19.5B | $19.7B | $24.4B | $25.4B | $26.3B | $26.6B | $28.7B | $30.7B |
| Operating income | $13.4B | $14.7B | $15.5B | $15.8B | $18.3B | $23.0B | $24.0B | $21.7B | $21.5B | $20.9B |
| Interest expense | $972M | $1.1B | $1.1B | $1.2B | $1.3B | $1.3B | $1.6B | $1.9B | $2.3B | $2.4B |
| Pre-tax income | $12.5B | $13.7B | $14.6B | $14.7B | $17.0B | $21.7B | $22.5B | $19.9B | $19.4B | $18.6B |
| Income tax | $4.5B | $5.1B | $3.4B | $3.5B | $4.1B | $5.3B | $5.4B | $4.8B | $4.6B | $4.4B |
| Net income | $8.0B | $8.6B | $11.1B | $11.2B | $12.9B | $16.4B | $17.1B | $15.1B | $14.8B | $14.2B |
| EPS (diluted) | $6.45 | $7.29 | $9.73 | $10.25 | $11.94 | $15.53 | $16.69 | $15.11 | $14.91 | $14.23 |
| Diluted shares | 1.23B | 1.18B | 1.14B | 1.10B | 1.08B | 1.06B | 1.02B | 1.00B | 993M | 995M |
| Gross margin | 34.2% | 34.0% | 34.3% | 34.1% | 34.0% | 33.6% | 33.5% | 33.4% | 33.4% | 33.3% |
| Operating margin | 14.2% | 14.5% | 14.4% | 14.4% | 13.8% | 15.2% | 15.3% | 14.2% | 13.5% | 12.7% |
| Net margin | 8.4% | 8.6% | 10.3% | 10.2% | 9.7% | 10.9% | 10.9% | 9.9% | 9.3% | 8.6% |
Balance sheet
Fiscal years, from Home Depot's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $2.5B | $3.6B | $1.8B | $2.1B | $7.9B | $2.3B | $2.8B | $3.8B | $1.7B | $1.4B |
| Receivables | $2.0B | $2.0B | $1.9B | $2.1B | $3.0B | $3.4B | $3.3B | $3.3B | $4.9B | $5.6B |
| Inventory | $12.5B | $12.7B | $13.9B | $14.5B | $16.6B | $22.1B | $24.9B | $21.0B | $23.5B | $25.8B |
| Total current assets | $17.7B | $18.9B | $18.5B | $19.8B | $28.5B | $29.1B | $32.5B | $29.8B | $31.7B | $34.4B |
| Property, plant and equipment | $21.9B | $22.1B | $22.4B | $22.8B | $24.7B | $25.2B | $25.6B | $26.2B | $26.7B | $28.0B |
| Goodwill | $2.1B | $2.3B | $2.3B | $2.3B | $7.1B | $7.4B | $7.4B | $8.5B | $19.5B | $22.3B |
| Total assets | $43.0B | $44.5B | $44.0B | $51.2B | $70.6B | $71.9B | $76.4B | $76.5B | $96.1B | $105.1B |
| Total current liabilities | $14.1B | $16.2B | $16.7B | $18.4B | $23.2B | $28.7B | $23.1B | $22.0B | $28.7B | $32.4B |
| Long-term debt | $22.3B | $24.3B | $26.8B | $28.7B | $35.8B | $36.6B | $42.0B | $42.7B | $48.5B | $46.3B |
| Total liabilities | $38.6B | $43.1B | $45.9B | $54.4B | $67.3B | $73.6B | $74.9B | $75.5B | $89.5B | $92.3B |
| Shareholders' equity | $4.3B | $1.5B | -$1.9B | -$3.1B | $3.3B | -$1.7B | $1.6B | $1.0B | $6.6B | $12.8B |
| Net debt | $19.8B | $20.7B | $25.0B | $26.5B | $27.9B | $34.3B | $39.2B | $39.0B | $46.8B | $45.0B |
Cash flow
Fiscal years, from Home Depot's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $9.8B | $12.0B | $13.2B | $13.7B | $18.8B | $16.6B | $14.6B | $21.2B | $19.8B | $16.3B |
| Capital spending | $1.6B | $1.9B | $2.4B | $2.7B | $2.5B | $2.6B | $3.1B | $3.2B | $3.5B | $3.7B |
| Free cash flow | $8.2B | $10.1B | $10.7B | $11.0B | $16.4B | $14.0B | $11.5B | $17.9B | $16.3B | $12.6B |
| Stock-based compensation | $267M | $273M | $282M | $251M | $310M | $399M | $366M | $380M | $442M | $522M |
| Dividends paid | $3.4B | $4.2B | $4.7B | $6.0B | $6.5B | $7.0B | $7.8B | $8.4B | $8.9B | $9.2B |
| Share buybacks (net) | -$6.9B | -$8.0B | -$10.0B | -$7.0B | -$791M | -$14.8B | -$6.7B | -$8.0B | -$649M | $0 |
| Net borrowing | $360M | $850M | -$220M | -$365M | -$974M | $1.0B | -$1.0B | $0 | $316M | $4.1B |
| Free cash flow margin | 8.6% | 10.0% | 9.9% | 10.0% | 12.4% | 9.3% | 7.3% | 11.8% | 10.2% | 7.7% |
| Dividends per share | $2.76 | $3.56 | $4.12 | $5.43 | $5.98 | $6.60 | $7.60 | $8.37 | $8.99 | $9.20 |
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Open HD in InvestinglyQuestions
What was Home Depot's revenue in 2026?
$164.7B in fiscal 2026, from its 10-K filing.
How much free cash flow does Home Depot generate?
$12.6B in fiscal 2026 (operating cash flow minus capital spending).
From Home Depot's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.