The Home Depot (HD) 10-K Summary — Year Ended Feb 1, 2026
The Home Depot reported a year of revenue growth and solid profitability. The company maintained strong cash generation from operations.
Key takeaway
Year ended Feb 1, 2026 · FY2025 10-K
The Home Depot reported a year of revenue growth and solid profitability. The company maintained strong cash generation from operations.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$164.7B
Revenue reported for the fiscal year.
Operating income
$20.9B
Income from operations reported for the year.
Net income
$14.2B
Net income reported for the year.
Operating cash flow
$16.3B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jan 29, 2023 | $157.4B | +4.1% |
| Jan 28, 2024 | $152.7B | -3.0% |
| Feb 2, 2025 | $159.5B | +4.5% |
| Feb 1, 2026 | $164.7B | +3.2% |
Business overview
The company is a home improvement retailer, serving both do-it-yourself and professional customers. Its business overview outlines its store network, product categories, and customer segments.
Financial performance
Revenue increased compared to the prior year, following a prior period decline. Operating income and net income remained at elevated levels, supported by efficient cost management. Cash from operations was robust.
Material risks
The filing cites macroeconomic conditions, competition, and supply chain disruptions as significant risk factors. Changes in consumer spending and housing market trends could affect demand. The company also faces risks from technology and data security.
Liquidity and capital
The company discussed its liquidity position, noting access to credit markets and sufficient cash flows. Capital allocation priorities include store investments, share repurchases, and dividends.
What to watch
Investors should monitor same-store sales trends and customer transaction counts in the next filing.