HD · 10-Q · 2026Q3 · Full report

Revenue Performance and Mix

HOME DEPOT, INC. · 2026-08-25 · Importance 49 · Surprise 32 · No source text

Second-quarter fiscal 2026 net sales increased 5.7% year over year to $47.9 billion from $45.3 billion, driven primarily by $1.4 billion of incremental GMS sales, positive comparable sales, Mingledorff’s, and new stores and branches. First-half net sales increased 5.3% to $89.6 billion from $85.1 billion, including approximately $2.8 billion of incremental GMS sales. Primary segment sales increased 1.5% year over year to $42.8 billion in the second quarter and 1.4% to $80.6 billion in the first half, while Other sales increased 62.0% to $5.1 billion and 59.2% to $9.1 billion, respectively. U.S. sales increased 5.2% to $43.9 billion in the second quarter and 4.7% to $82.6 billion in the first half, while sales outside the U.S. increased 11.4% and 13.0%, respectively.

Key facts

• GMS contributed $1.4 billion of incremental net sales during the second quarter of fiscal 2026 and approximately $2.8 billion of incremental net sales during the first six months of fiscal 2026. source
• Net sales for the three months ended August 2, 2026: $47,861 million. source
• Net sales for the six months ended August 2, 2026: $89,626 million. source
• Net earnings for the three months ended August 2, 2026: $4,766 million; diluted earnings per share $4.79. source
• Net earnings for the six months ended August 2, 2026: $8,055 million; diluted earnings per share $8.09. source
• Net sales – products for the three months ended August 2, 2026: $46,300 million; net sales – services: $1,561 million. source
• Deferred revenue for products and services was $1.7 billion as of August 2, 2026 and $1.5 billion as of February 1, 2026. source
• Performance obligations for unredeemed gift cards were $1.0 billion as of August 2, 2026 and $1.1 billion as of February 1, 2026; gift card redemption generally occurs within six months of issuance. source

Impact estimates