HD · 10-Q · 2026Q2

HOME DEPOT, INC.

Filed 2026-05-27 · Consumer · View original filing on EDGAR

Ranked Events

• Acquisition / Partnership / DivestitureImportance 96 · Surprise 100
  On September 4, 2025 Home Depot completed the acquisition of GMS for total purchase consideration of $5.1 billion; GMS is a distributor of specialty building products (drywall, ceilings, steel framing) operating…
• SRS Net Sales GrowthImportance 83 · Surprise 82
  Net sales presented in the Company’s Other category (SRS non-reportable operating segments) rose materially year-over-year, with Other net sales of $4.0 billion in Q1 fiscal 2026 versus $2.6 billion in Q1 fiscal 2025…
• Segment Revenue BreakdownImportance 83 · Surprise 82
  Primary segment net sales were $37.8 billion in Q1 fiscal 2026 and Other (SRS) net sales were $4.0 billion, up from $2.6 billion in Q1 fiscal 2025, an increase of $1.4 billion attributable largely to SRS activity and…
• Revenue Performance and MixImportance 77 · Surprise 82
  The year-over-year sales increase was materially influenced by acquired specialty distribution and branch network contributions; management notes that GMS contributed $1.3 billion of net sales in the quarter. Other net…
• Operating Cash Flow TrendsImportance 76 · Surprise 56
  Operating cash flow was $6.0 billion in the first quarter of fiscal 2026, up from $4.3 billion in the comparable prior-year quarter, an increase driven primarily by working capital changes. During the quarter,…
• GMS AcquisitionImportance 71 · Surprise 60
  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…
• Inventory and Working CapitalImportance 71 · Surprise 48
  Inventory on the balance sheet increased to $27.3 billion at May 3, 2026 (from $25.8 billion at February 1, 2026), and management reported an inventory turnover ratio of 4.2x versus 4.3x a year earlier, driven by…
• Capital Expenditure GuidanceImportance 62 · Surprise 42
  During Q1 fiscal 2026 the Company invested $844 million in capital expenditures. Management plans to invest approximately $4 billion in capital expenditures in fiscal 2026, which it states is in line with an…
• Receivables and Customer CreditImportance 60 · Surprise 40
  Total receivables increased to $6.624 billion at May 3, 2026 from $5.597 billion at February 1, 2026, reflecting growth in card receivables and customer receivables. Card receivables rose to $1.525 billion (from $1.021…
• Digital Channel and Delivery GrowthImportance 60 · Surprise 40
  Online sales represented 16.5% of consolidated net sales in the quarter and grew 10.5% year-over-year, indicating meaningful adoption of digital channels. The filing specifies online sales are generated through the…
• Return on Invested CapitalImportance 56 · Surprise 58
  ROIC for the trailing twelve-month period declined to 25.4% at the end of Q1 fiscal 2026 from 31.3% at the end of Q1 fiscal 2025, a material relative decrease. Management attributes the decline primarily to higher…
• Capital Return ProgramImportance 55 · Surprise 32
  In February 2026 Home Depot announced a 1.3% increase in its quarterly cash dividend to $2.33 per share and paid $2.3 billion in cash dividends during Q1 fiscal 2026. The Board approved a $15.0 billion share repurchase…
• Interest Rate Hedge ProgramImportance 49 · Surprise 6
  The Company had interest rate swap agreements with combined notional amounts of $5.4 billion at both May 3, 2026 and February 1, 2026, accounted for as fair value hedges that swap fixed for variable rate interest. The…
• Inventory Levels and TurnoverImportance 49 · Surprise 32
  Merchandise inventories were $27.280 billion at May 3, 2026, up from $25.817 billion at February 1, 2026, an increase of $1.463 billion during the period. Inventory turnover was 4.2 times at the end of Q1 fiscal 2026…
• Geographic Market CommentaryImportance 48 · Surprise 40
  The Company operates in the U.S., Canada and Mexico, which are aggregated into the Primary segment for reporting, with additional sales in SRS operations across the U.S. and Canada. U.S. net sales were $38.7 billion…
• ROIC / Return on Invested CapitalImportance 48 · Surprise 40
  Trailing twelve-month ROIC declined to 25.4% at the end of Q1 fiscal 2026 from 31.3% a year earlier, a relative decline of roughly 19%. NOPAT for the trailing twelve months was $15.735 billion versus $16.429 billion in…
• Market Demand TrendsImportance 42 · Surprise 14
  Net sales were $41.8 billion in the first quarter of fiscal 2026, up 4.8% versus the prior-year quarter, reflecting both positive comparable sales and contributions from new stores and branches. Comparable sales…
• Capital Expenditure ProgramImportance 37 · Surprise 6
  Home Depot invested $844 million in capital expenditures during the first three months of fiscal 2026. Management plans approximately $4.0 billion of capital expenditures for fiscal 2026, which it notes is roughly 2.5%…
• Outstanding IndebtednessImportance 31 · Surprise 6
  Home Depot maintains an $11.0 billion commercial paper program supported by $11.0 billion of backup credit facilities and had maximum commercial paper outstanding of $6.2 billion during Q1 fiscal 2026. At May 3, 2026,…
• Gross Margin DriversImportance 25 · Surprise 32
  Gross profit for Q1 fiscal 2026 was $13.8 billion, up $322 million or 2.4% from $13.5 billion in Q1 fiscal 2025. Gross profit margin declined to 33.0% from 33.8% year-over-year, primarily reflecting inclusion of GMS in…

Revenue by Product (in millions)

Revenue by Geography (in millions)