Inferra AI / Company / HD
Home Depot (The)
HD · Consumer Discretionary
Last earnings Aug 18, 2026
Key results
Net incomequarter
$4.6 billion
Net earnings for the second quarter of fiscal 2025 were $4.6 billion, or $4.58 per diluted share, compared with net earnings of $4.6 billion, or $4.60 per diluted share, in the same period of fiscal 2024.
SEC original ↗Home Depot (The) — Earnings release (8-K exhibit)EX-99Aug 19, 2025
EPSquarter
$4.68
Adjusted (1) diluted earnings per share for the second quarter of fiscal 2025 were $4.68, compared with adjusted diluted earnings per share of $4.67 in the same period of fiscal 2024.
SEC original ↗Home Depot (The) — Earnings release (8-K exhibit)EX-99Aug 19, 2025
Gross marginquarter
33.4%
Gross margin of approximately 33.4%
SEC original ↗Home Depot (The) — Earnings release (8-K exhibit)EX-99Aug 19, 2025
Operating marginquarter
13.0%
Operating margin of approximately 13.0% Adjusted (1)
SEC original ↗Home Depot (The) — Earnings release (8-K exhibit)EX-99Aug 19, 2025
operating margin of approximately 13.4% Tax rate of approximately 24.5% Net interest expense of approximately $2.2 billion Diluted earnings-per-share to decline approximately 3% from $14.91 in fiscal 2024 Adjusted (1) diluted earnings-per-share to decline approximately 2% from $15.24 in fiscal 2024 Capital expenditures
SEC original ↗Home Depot (The) — Earnings release (8-K exhibit)EX-99Aug 19, 2025
Change operating incomequarter
2024 %
RECONCILIATION OF ADJUSTED OPERATING INCOME AND ADJUSTED OPERATING MARGIN Three Months Ended Six Months Ended USD in millions August 3, 2025 July 28, 2024 % Change August 3, 2025 July 28, 2024 % Change Operating income (GAAP) $ 6,555 $ 6,534 0.3 % $ 11,688 $ 11,613 0.6 % Operating margin (1) 14.5 % 15.1 % 13.7 % 14.6 % Acquired intangible asset amortization (2) 139 90 278 142 Adjusted operating income (Non-GAAP) $ 6,694 $ 6,624 1.1 % $ 11,966 $ 11,755 1.8 % Adjusted operating margin (Non-GAAP) (3) 14.8 % 15.3 % 14.1 % 14.8 % (1) Operating margin is calculated as operating income divided by total net sales.
SEC original ↗Home Depot (The) — Earnings release (8-K exhibit)EX-99Aug 19, 2025
Change EPSquarter
2024 %
RECONCILIATION OF ADJUSTED DILUTED EARNINGS PER SHARE Three Months Ended Six Months Ended per share amounts August 3, 2025 July 28, 2024 % Change August 3, 2025 July 28, 2024 % Change Diluted earnings per share (GAAP) $ 4.58 $ 4.60 (0.4) % $ 8.03 $ 8.23 (2.4) % Impact of acquired intangible asset amortization 0.14 0.09 0.28 0.14 Income tax impact of non-GAAP adjustment (1) (0.04) (0.02) (0.07) (0.03) Adjusted diluted earnings per share (Non-GAAP) $ 4.68 $ 4.67 0.2 % $ 8.24 $ 8.34 (1.2) % (1) Calculated as the per share impact of acquired intangible asset amortization multiplied by the Company s effective tax rate for the period.
SEC original ↗Home Depot (The) — Earnings release (8-K exhibit)EX-99Aug 19, 2025
Adjusted EPSquarter
$ 4.68
RECONCILIATION OF ADJUSTED DILUTED EARNINGS PER SHARE Three Months Ended Six Months Ended per share amounts August 3, 2025 July 28, 2024 % Change August 3, 2025 July 28, 2024 % Change Diluted earnings per share (GAAP) $ 4.58 $ 4.60 (0.4) % $ 8.03 $ 8.23 (2.4) % Impact of acquired intangible asset amortization 0.14 0.09 0.28 0.14 Income tax impact of non-GAAP adjustment (1) (0.04) (0.02) (0.07) (0.03) Adjusted diluted earnings per share (Non-GAAP) $ 4.68 $ 4.67 0.2 % $ 8.24 $ 8.34 (1.2) % (1) Calculated as the per share impact of acquired intangible asset amortization multiplied by the Company s effective tax rate for the period.
SEC original ↗Home Depot (The) — Earnings release (8-K exhibit)EX-99Aug 19, 2025
AI analysis
Q2 FY2025 · reported Aug 19, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Headline figures
| Metric | Q2 FY2025 | Prior qtr | Year ago |
|---|---|---|---|
| Net income | $4.6 billion | — | — |
| EPS | $4.68 | — | — |
| Gross margin | 33.4% | — | — |
| Operating margin | 13.0% | — | — |
| Change operating income | 2024 % | — | — |
| Change EPS | 2024 % | — | — |
| Adjusted EPS | $ 4.68 | — | — |
Guidance · company-stated
Direction: Raised
“htm EX-99.1 Document Exhibit 99.1 The Home Depot Announces Second Quarter Fiscal 2025 Results Reaffirms Fiscal 2025 Guidance ATLANTA, August 19, 2025 -- The Home Depot , the world's largest home improvement retailer, today reported sales of $45.3 billion for the second quarter of fiscal 2025, an increase of $2.1 billion, or 4.9% from the second quarter of fiscal 2024.”
“Fiscal 2025 Guidance The company reaffirms its guidance for fiscal 2025, a 52-week year compared to fiscal 2024, a 53-week year.”
Classified from the release's primary full-year outlook statement.
Margin
Capital allocation
Operating margin of approximately 13.0% Adjusted (1) operating margin of approximately 13.4% Tax rate of approximately 24.5% Net interest expense of approximately $2.2 billion Diluted earnings-per-share to decline approximately 3% from $14.91 in fiscal 2024 Adjusted (1) diluted earnings-per-share to decline approximately 2% from $15.24 in fiscal 2024 Capital expenditures of approximately 2.5% of total sales (1) The Company reports its financial results in accordance with U.
Event summary
Net earnings for the second quarter of fiscal 2025 were $4.6 billion, or $4.58 per diluted share, compared with net earnings of $4.6 billion, or $4.60 per diluted share, in the same period of fiscal 2024
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Direction: Raised
Revenue: “htm EX-99.1 Document Exhibit 99.1 The Home Depot Announces Second Quarter Fiscal 2025 Results Reaffirms Fiscal 2025 Guidance ATLANTA, August 19, 2025 -- The Home Depot , the world's largest home improvement retailer, today reported sales of $45.3 billion for the second quarter of fiscal 2025, an increase of $2.1 billion, or 4.9% from the second quarter of fiscal 2024.”
Revenue — Raised (“increase”)
“htm EX-99.1 Document Exhibit 99.1 The Home Depot Announces Second Quarter Fiscal 2025 Results Reaffirms Fiscal 2025 Guidance ATLANTA, August 19, 2025 -- The Home Depot , the world's largest home improvement retailer, today reported sales of $45.3 billion for the second quarter of fiscal 2025, an increase of $2.1 billion, or 4.9% from the second quarter of fiscal 2024.”
Company outlook — Reiterated (“reaffirms”)
“Fiscal 2025 Guidance The company reaffirms its guidance for fiscal 2025, a 52-week year compared to fiscal 2024, a 53-week year.”
Classified from the release's primary full-year outlook statement.
Capital allocation
Operating margin of approximately 13.0% Adjusted (1) operating margin of approximately 13.4% Tax rate of approximately 24.5% Net interest expense of approximately $2.2 billion Diluted earnings-per-share to decline approximately 3% from $14.91 in fiscal 2024 Adjusted (1) diluted earnings-per-share to decline approximately 2% from $15.24 in fiscal 2024 Capital expenditures of approximately 2.5% of total sales (1) The Company reports its financial results in accordance with U.
SEC original ↗Home Depot (The) — Earnings release (8-K exhibit)EX-99Aug 19, 2025
Debt and Derivative Instruments 12 Note 6.
SEC original ↗Home Depot (The) — 10-Q Quarterly report10-QAug 25, 2026
DEBT AND DERIVATIVE INSTRUMENTS Short-Term Debt We have a commercial paper program that allows for an aggregate of $ 11.0 billion in borrowings, and is supported by $ 11.0 billion of back-up credit facilities.
SEC original ↗Home Depot (The) — 10-Q Quarterly report10-QAug 25, 2026
At the beginning of fiscal 2026, these back-up credit facilities consisted of a five-year $ 3.5 billion credit facility scheduled to expire in May 2030, a 364 -day $ 3.5 billion credit facility scheduled to expire in July 2026, a three-year $ 3.0 billion credit facility scheduled to expire in July 2028, and a 364 -day $ 1.0 billion credit facility scheduled to expire in July 2026.
SEC original ↗Home Depot (The) — 10-Q Quarterly report10-QAug 25, 2026
During the second quarter of fiscal 2026, we entered into a new 364 -day $ 4.5 billion back-up credit facility scheduled to expire in July 2027.
SEC original ↗Home Depot (The) — 10-Q Quarterly report10-QAug 25, 2026
During the first six months of fiscal 2026, all of our short-term borrowings were under our commercial paper program, and the maximum amount outstanding during that period was $ 6.2 billion.
SEC original ↗Home Depot (The) — 10-Q Quarterly report10-QAug 25, 2026
Strategy & priorities
2025 Form 10-K Annual Report on Form 10-K for fiscal 2025 as filed with the SEC on March 18, 2026 Fiscal Q2 2026 Form 10-Q ii Table of Contents FORWARD-LOOKING STATEMENTS Certain statements contained herein, as well as in other filings we make with the SEC and other written and oral information we release, including statements regarding our performance, estimates, expectations, beliefs, intentions, projections, strategies for the future, or other events or developments in the future may constitute forward-looking statements under the federal securities laws, including as defined in the Private Securities Litigation Reform Act of 1995.
SEC original ↗Home Depot (The) — 10-Q Quarterly report10-QAug 25, 2026
Assets and liabilities recorded at fair value are measured using a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value.
SEC original ↗Home Depot (The) — 10-Q Quarterly report10-QAug 25, 2026
Risks & headwinds
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.
SEC original ↗Home Depot (The) — Earnings release (8-K exhibit)EX-99Aug 19, 2025
These risks and uncertainties include, but are not limited to, those described in Part I, Item 1A.
SEC original ↗Home Depot (The) — Earnings release (8-K exhibit)EX-99Aug 19, 2025
These risks and uncertainties include, but are not limited to, those described elsewhere in this report and in Part I, Item 1A.
SEC original ↗Home Depot (The) — 10-Q Quarterly report10-QAug 25, 2026
CONTINGENCIES We are involved in litigation arising in the normal course of business.
SEC original ↗Home Depot (The) — 10-Q Quarterly report10-QAug 25, 2026
In management s opinion, any such litigation is not expected to have a material adverse effect on our consolidated financial condition, results of operations, or cash flows.
SEC original ↗Home Depot (The) — 10-Q Quarterly report10-QAug 25, 2026
Tariffs and Other Trade Policy Matters We continue to monitor developments related to tariffs and other trade policy matters, including the effects of the U.
SEC original ↗Home Depot (The) — 10-Q Quarterly report10-QAug 25, 2026
Earnings deck slides
6 decks with slide viewCompetitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
60 documents- Q2 2026
- 10-QHD
Aug 25, 2026
- 8-KHD
Aug 21, 2026
- 8-KHD
Aug 18, 2026
- 8-KHD
Aug 12, 2026
- Q1 2026
- 10-QHD
May 27, 2026
- 8-KHD
May 26, 2026
- 8-KHD
May 19, 2026
- Q4 2025
- 10-KHD
Mar 18, 2026
- 8-KHD
Feb 24, 2026
- Q3 2025
- 10-QHD
Nov 25, 2025
- 8-KHD
Nov 24, 2025
- 8-KHD
Nov 18, 2025
- 8-KHD
Nov 18, 2025
- Q2 2025
- 8-KHD
Sep 15, 2025
- 8-KHD
Sep 10, 2025
- 10-QHD
Aug 26, 2025
- 8-KHD
Aug 19, 2025
- Q1 2025
- 8-KHD
May 28, 2025
- 10-QHD
May 28, 2025
- 8-KHD
May 20, 2025
- 8-KHD
May 6, 2025
- Q4 2024
- 10-KHD
Mar 21, 2025
- 8-KHD
Feb 25, 2025
- Q3 2024
- 8-KHD
Dec 19, 2024
- 10-QHD
Nov 19, 2024
- 8-KHD
Nov 12, 2024
- Q2 2024
- 10-QHD
Aug 20, 2024
- 8-KHD
Aug 13, 2024
- Q1 2024
- 8-KHD
Jun 27, 2024
- 8-KHD
Jun 25, 2024
- 8-KHD
Jun 18, 2024
- 8-KHD
Jun 18, 2024
- 8-KHD
May 30, 2024
- 8-KHD
May 22, 2024
- 10-QHD
May 21, 2024
- 8-KHD
May 14, 2024
- 8-KHD
May 9, 2024
- Q4 2023
- 8-KHD
Mar 28, 2024
- 10-KHD
Mar 13, 2024
- 8-KHD
Feb 20, 2024
- 8-KHD
Jan 10, 2024
- Q3 2023
- 8-KHD
Dec 5, 2023
- 8-KHD
Nov 28, 2023
- 10-QHD
Nov 21, 2023
- 8-KHD
Nov 14, 2023
- 8-KHD
Oct 30, 2023
- Q2 2023
- 10-QHD
Aug 22, 2023
- 8-KHD
Aug 15, 2023
- 8-K/AHD
Jul 13, 2023
- Q1 2023
- 8-KHD
Jun 20, 2023
- 8-KHD
Jun 20, 2023
- 10-QHD
May 23, 2023
- 8-KHD
May 23, 2023
- 8-KHD
May 16, 2023
- 8-KHD
Apr 19, 2023
- Q4 2022
- 10-KHD
Mar 15, 2023
- 8-KHD
Feb 28, 2023
- 8-KHD
Feb 21, 2023
- Q3 2022
- 10-QHD
Nov 22, 2022
- 8-KHD
Nov 15, 2022
Earnings releases
18 documentsPresentations
6 documents
Transcripts
0 documentsNo transcripts for Home Depot (The) are held in this edition of the library.
See also the earnings calendar for every tracked company’s next earnings date.