Short answer
Home Depot (The) (HD) filed its Q4 2025 10-Q quarterly report on Nov 25, 2025 for the quarter ended Nov 2, 2025. Quarterly revenue was $41.4B (up 2.8% year over year) with net income of $3.6B.
Q4 2025 key financials · XBRL
- Revenue
- $41.4B
- +2.8% YoY · −8.7% QoQ
- Net income
- $3.6B
- −1.3% YoY · −20.9% QoQ
- Operating margin
- 12.9%
- Gross margin
- 33.4%
- EPS (diluted)
- $3.62
- −1.4% YoY · −21.0% QoQ
Source: XBRL data from the Home Depot (The) (HD) Q4 2025 10-Q on SEC EDGAR. USD.
Home Depot (The) Q4 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $41.4B, up 2.8% YoY from $40.2B in Q3 2024; nine months revenue $126.5B, up 5.6% YoY from $119.8B
- Operating margin 12.9% vs 13.5% YoY in Q3; gross margin stable at 33.4% Q3 and 33.5% vs 33.6% YoY for nine months
- Primary segment best performing with positive comparable sales in multiple departments; GMS acquisition contributed $892M sales in Q3
- Operating cash flow $13.0B for nine months; capital expenditures $2.6B YTD; paid $6.9B dividends; acquired GMS for $5.5B cash
- Management notes macroeconomic uncertainties, high interest rates impacting large project demand; increased dividend 2.2% to $2.30/share; share buybacks paused for 2025 due to acquisitions
Risk Factors
- No newly added risk factors this quarter; no material changes from 2024 Form 10-K
- Carried-forward operational risks from 10-K include supply chain disruptions impacting product availability
- Regulatory risk includes compliance with evolving environmental and labor laws as detailed in 2024 10-K
- Market risk from competition affecting near-term sales growth and customer retention remains significant
- Financial risk involves liquidity management and debt maturity profile unchanged from prior 10-K disclosures
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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