HD · 10-Q · 2026Q3 · Full report

Income Tax Rate Changes

HOME DEPOT, INC. · 2026-08-25 · Importance 36 · Surprise 14

The second-quarter effective income tax rate increased to 24.5% from 24.2% in the prior-year quarter. The first-half effective tax rate increased to 24.7% from 24.3%. The higher first-half rate applied to $10.692 billion of pretax earnings and resulted in a $2.637 billion tax provision, compared with a $2.563 billion provision on $10.547 billion of pretax earnings in the prior-year period. The second-quarter tax provision increased to $1.549 billion from $1.454 billion.

Key facts

• Combined effective income tax rate was 24.5% for the second quarter of fiscal 2026 compared to 24.2% for the second quarter of fiscal 2025; and 24.7% for the first six months of fiscal 2026 compared to 24.3% for the first six months of fiscal 2025. source