The Home Depot (HD) Revenue — Quarter Ended Nov 2, 2025
Revenue for the reported quarter declined compared to the immediately preceding quarter, but increased relative to the same quarter one year earlier. The sequential decrease marks a reversal from the prior quarter's growth, while the year-over-year gain continues a positive trend.
Key takeaway
Quarter ended Nov 2, 2025 · FY2025 Q3
Revenue for the reported quarter declined compared to the immediately preceding quarter, but increased relative to the same quarter one year earlier. The sequential decrease marks a reversal from the prior quarter's growth, while the year-over-year gain continues a positive trend.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$41.4B
Revenue reported for this quarter.
Quarter-over-quarter
-8.7%
Change from the immediately preceding quarter.
Year-over-year
+2.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$166.2B
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 |
|---|---|---|
| Feb 2, 2025 | $39.7B | +14.1% |
| May 4, 2025 | $39.9B | +9.4% |
| Aug 3, 2025 | $45.3B | +4.9% |
| Nov 2, 2025 | $41.4B | +2.8% |
Revenue performance
Revenue in the reported quarter was lower than the preceding quarter, reflecting a sequential decline. However, compared to the same period a year ago, revenue was higher.
Quarterly comparison
The reported quarter's revenue decreased from the immediately preceding quarter, which had shown an increase from the quarter before that. In contrast, revenue rose compared with the same quarter one year earlier, continuing a pattern of year-over-year growth seen in recent quarters.
What to watch
The sequential decline in revenue, despite the year-over-year increase, may warrant attention in future quarters.