The Home Depot (HD) Revenue — Quarter Ended Oct 27, 2024
Revenue declined from the prior quarter but rose compared to the same quarter last year. The sequential decrease was driven by the change in the prior quarter's higher level, while the annual gain reflects a broader growth trend.
Key takeaway
Quarter ended Oct 27, 2024 · FY2024 Q3
Revenue declined from the prior quarter but rose compared to the same quarter last year. The sequential decrease was driven by the change in the prior quarter's higher level, while the annual gain reflects a broader growth trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$40.2B
Revenue reported for this quarter.
Quarter-over-quarter
-6.9%
Change from the immediately preceding quarter.
Year-over-year
+6.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$154.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jan 28, 2024 | $34.8B | -2.9% |
| Apr 28, 2024 | $36.4B | -2.3% |
| Jul 28, 2024 | $43.2B | +0.6% |
| Oct 27, 2024 | $40.2B | +6.6% |
Revenue performance
Reported revenue for the quarter was lower than the immediately preceding quarter, marking a sequential decline.
Quarterly comparison
Compared with the same quarter one year earlier, revenue increased, indicating a year-over-year improvement despite the sequential drop.
What to watch
Monitor whether the sequential revenue decline continues into the next quarter.