10-Q quarterly report · filed Aug 26, 2025

Home Depot (The) (HD) Q3 2025 10-Q Quarterly Report

Short answer

Home Depot (The) (HD) filed its Q3 2025 10-Q quarterly report on Aug 26, 2025 for the quarter ended Aug 3, 2025. Quarterly revenue was $45.3B (up 4.9% year over year) with net income of $4.6B.

Q3 2025 key financials · XBRL

Revenue
$45.3B
+4.9% YoY · +13.6% QoQ
Net income
$4.6B
−0.2% YoY · +32.6% QoQ
Operating margin
14.5%
Gross margin
33.4%
EPS (diluted)
$4.58
−0.4% YoY · +32.8% QoQ

Source: XBRL data from the Home Depot (The) (HD) Q3 2025 10-Q on SEC EDGAR. USD.

Home Depot (The) Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New operational risk from SRS acquisition June 2024, contributing $1.8B net sales Q2 2025 and affecting gross profit margin
  • Changed financial risk: increased SG&A by 8.7% due to higher payroll costs and intangible amortization from SRS acquisition
  • Regulatory impact from July 2025 OBBBA tax law expected to reduce fiscal 2025 cash tax payments
  • Market risk in Q2 2025: high interest rates pressuring demand for large home improvement projects, offset by smaller projects
  • Liquidity strengthened by expanded commercial paper program to $11B with matching backup credit facilities, supporting GMS acquisition financing

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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