Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Home Depot Inc., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	Oct 27, 2024	Jul 28, 2024	Apr 28, 2024	Jan 28, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Nov 1, 2020	Aug 2, 2020	May 3, 2020	Feb 2, 2020	Nov 3, 2019	Aug 4, 2019	May 5, 2019	Feb 3, 2019	Oct 28, 2018	Jul 29, 2018	Apr 29, 2018
Net sales	40,217)	43,175)	36,418)	34,786)	37,710)	42,916)	37,257)	35,831)	38,872)	43,792)	38,908)	35,719)	36,820)	41,118)	37,500)	32,261)	33,536)	38,053)	28,260)	25,782)	27,223)	30,839)	26,381)	26,491)	26,302)	30,463)	24,947)
Cost of sales	(26,792)	(28,759)	(23,985)	(23,278)	(24,972)	(28,759)	(24,700)	(23,905)	(25,648)	(29,309)	(25,763)	(23,857)	(24,257)	(27,453)	(24,758)	(21,430)	(22,080)	(25,112)	(18,635)	(17,046)	(17,836)	(20,407)	(17,364)	(17,464)	(17,151)	(20,098)	(16,330)
Gross profit	13,425)	14,416)	12,433)	11,508)	12,738)	14,157)	12,557)	11,926)	13,224)	14,483)	13,145)	11,862)	12,563)	13,665)	12,742)	10,831)	11,456)	12,941)	9,625)	8,736)	9,387)	10,432)	9,017)	9,027)	9,151)	10,365)	8,617)
Selling, general and administrative	(7,212)	(7,144)	(6,667)	(6,679)	(6,649)	(6,915)	(6,355)	(6,549)	(6,468)	(6,657)	(6,610)	(6,431)	(6,168)	(6,433)	(6,374)	(6,187)	(6,076)	(6,355)	(5,829)	(4,814)	(4,942)	(5,044)	(4,940)	(4,922)	(4,808)	(5,004)	(4,779)
Depreciation and amortization	(795)	(738)	(687)	(686)	(683)	(653)	(651)	(625)	(608)	(616)	(606)	(606)	(600)	(593)	(587)	(561)	(528)	(519)	(520)	(519)	(498)	(492)	(480)	(480)	(473)	(460)	(457)
Impairment loss	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(247)	—)	—)	—)
Operating expenses	(8,007)	(7,882)	(7,354)	(7,365)	(7,332)	(7,568)	(7,006)	(7,174)	(7,076)	(7,273)	(7,216)	(7,037)	(6,768)	(7,026)	(6,961)	(6,748)	(6,604)	(6,874)	(6,349)	(5,333)	(5,440)	(5,536)	(5,420)	(5,649)	(5,281)	(5,464)	(5,236)
Operating income	5,418)	6,534)	5,079)	4,143)	5,406)	6,589)	5,551)	4,752)	6,148)	7,210)	5,929)	4,825)	5,795)	6,639)	5,781)	4,083)	4,852)	6,067)	3,276)	3,403)	3,947)	4,896)	3,597)	3,378)	3,870)	4,901)	3,381)
Interest income and other, net	30)	84)	57)	55)	49)	41)	33)	43)	7)	2)	3)	18)	15)	5)	6)	10)	11)	9)	17)	17)	22)	19)	15)	4)	25)	26)	22)
Interest expense	(625)	(573)	(485)	(513)	(487)	(469)	(474)	(451)	(413)	(381)	(372)	(341)	(341)	(326)	(339)	(337)	(340)	(346)	(324)	(309)	(302)	(302)	(288)	(269)	(249)	(272)	(261)
Interest and other income (expense), net	(595)	(489)	(428)	(458)	(438)	(428)	(441)	(408)	(406)	(379)	(369)	(323)	(326)	(321)	(333)	(327)	(329)	(337)	(307)	(292)	(280)	(283)	(273)	(265)	(224)	(246)	(239)
Earnings before provision for income taxes	4,823)	6,045)	4,651)	3,685)	4,968)	6,161)	5,110)	4,344)	5,742)	6,831)	5,560)	4,502)	5,469)	6,318)	5,448)	3,756)	4,523)	5,730)	2,969)	3,111)	3,667)	4,613)	3,324)	3,113)	3,646)	4,655)	3,142)
Provision for income taxes	(1,175)	(1,484)	(1,051)	(884)	(1,158)	(1,502)	(1,237)	(982)	(1,403)	(1,658)	(1,329)	(1,150)	(1,340)	(1,511)	(1,303)	(899)	(1,091)	(1,398)	(724)	(630)	(898)	(1,134)	(811)	(769)	(779)	(1,149)	(738)
Net earnings	3,648)	4,561)	3,600)	2,801)	3,810)	4,659)	3,873)	3,362)	4,339)	5,173)	4,231)	3,352)	4,129)	4,807)	4,145)	2,857)	3,432)	4,332)	2,245)	2,481)	2,769)	3,479)	2,513)	2,344)	2,867)	3,506)	2,404)

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Income statement item	Description	The company
Net sales	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Home Depot Inc. net sales increased from Q1 2025 to Q2 2025 but then slightly decreased from Q2 2025 to Q3 2025.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Home Depot Inc. operating income increased from Q1 2025 to Q2 2025 but then slightly decreased from Q2 2025 to Q3 2025 not reaching Q1 2025 level.
Earnings before provision for income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Home Depot Inc. earnings before provision for income taxes increased from Q1 2025 to Q2 2025 but then slightly decreased from Q2 2025 to Q3 2025 not reaching Q1 2025 level.
Net earnings	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Home Depot Inc. net earnings increased from Q1 2025 to Q2 2025 but then slightly decreased from Q2 2025 to Q3 2025 not reaching Q1 2025 level.

Home Depot Inc. (NYSE:HD)

Income StatementQuarterly Data

Income Statement
Quarterly Data