LOW · 10-Q · 2026Q3 · Full report

Income Tax Rate Changes

LOWES COMPANIES INC · 2026-08-27 · Importance 36 · Surprise 14

The second-quarter effective income-tax rate increased to 24.4% from 24.0% in the prior-year quarter. The six-month effective tax rate increased to 24.5% from 24.0%. The higher six-month rate reduced earnings relative to a constant 24.0% tax rate on pretax income of approximately $5.33 billion. The rolling four-quarter tax rate used in ROIC calculations was 24.2% at July 31, 2026 versus 24.1% a year earlier.

Key facts

• Our effective income tax rates were 24.4% and 24.0% for the three months ended July 31, 2026 and August 1, 2025, respectively. source
• Our effective income tax rates were 24.5% and 24.0% for the six months ended July 31, 2026 and August 1, 2025, respectively. source