HD · 10-Q · 2026Q2 · Full report
GMS Acquisition
HOME DEPOT, INC. · 2026-05-27 · Importance 71 · Surprise 60 · In source text
On September 4, 2025 Home Depot completed the acquisition of GMS for total purchase consideration of $5.1 billion. Management recorded a preliminary allocation of the purchase price in fiscal 2025 and stated that areas remaining preliminary as of May 3, 2026 primarily relate to income taxes and any residual goodwill measurement period adjustments. GMS contributed $1.3 billion of net sales during the first quarter of fiscal 2026. Management noted measurement period adjustments recognized in Q1 fiscal 2026 were immaterial.
Key facts
- Net sales contributed by GMS in first quarter of fiscal 2026: $1.3 billion; GMS acquisition completed September 4, 2025 for total purchase consideration of $5.1 billion. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | realized | +4.7% | Net sales contributed by GMS in first quarter of fiscal 2026: $1.3 billion; GMS acquisition completed September 4, 2025 for total purchase… |
| revenue | positive | realized | +3.1% | Net sales contributed by GMS in first quarter of fiscal 2026: $1.3 billion; GMS acquisition completed September 4, 2025 for total purchase… |