The Home Depot, Inc. (HD) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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HD EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
HD Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 33.3% | 12.7% | 8.6% |
| 2024 | 33.4% | 13.5% | 9.3% |
| 2023 | 33.4% | 14.2% | 9.9% |
| 2022 | 33.5% | 15.3% | 10.9% |
| 2021 | 33.6% | 15.2% | 10.9% |
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The Home Depot, Inc. (HD) Earnings Overview
As of May 6, 2026, The Home Depot, Inc. (HD) reported trailing twelve-month net income of $14.16B, reflecting -4.6% year-over-year growth. The company earned $14.20 per diluted share over the past four quarters, with a net profit margin of 8.6%.
Looking at the long-term picture, HD's 5-year EPS compound annual growth rate (CAGR) stands at +3.6%, reflecting modest earnings expansion. The company achieved its highest annual net income of $17.11B in fiscal 2022.
The Home Depot, Inc. maintains positive profitability with a gross margin of 33.3%, operating margin of 12.7%, and net margin of 8.6%. The company continues to generate positive earnings from operations. View revenue history →
Compared to peers including LOW ($6.65B net income, 7.7% margin), TSCO ($1.08B net income, 7.1% margin), FND ($199M net income, 4.5% margin), HD has outperformed on profitability metrics. Compare HD vs LOW →
HD Earnings vs Peers
Earnings metrics vs comparable public companies
HD Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $14.16B | -4.4% | $20.89B | $14.23 | 8.6% | 12.7% |
| 2024 | $14.81B | -2.2% | $21.53B | $14.91 | 9.3% | 13.5% |
| 2023 | $15.14B | -11.5% | $21.69B | $15.11 | 9.9% | 14.2% |
| 2022 | $17.11B | +4.1% | $24.04B | $16.69 | 10.9% | 15.3% |
| 2021 | $16.43B | +27.7% | $23.04B | $15.53 | 10.9% | 15.2% |
| 2020 | $12.87B | +14.4% | $18.28B | $11.94 | 9.7% | 13.8% |
| 2019 | $11.24B | +1.1% | $15.84B | $10.25 | 10.2% | 14.4% |
| 2018 | $11.12B | +28.9% | $15.53B | $9.73 | 10.3% | 14.4% |
| 2017 | $8.63B | +8.5% | $14.68B | $7.29 | 8.6% | 14.5% |
| 2016 | $7.96B | +13.5% | $13.43B | $6.45 | 8.4% | 14.2% |
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Start ComparisonHD — Frequently Asked Questions
Quick answers to the most common questions about buying HD stock.
Is HD growing earnings?
HD EPS of $14.20 reflects slowing growth at -4.6%, below the 5-year CAGR of +3.6%. TTM net income is $14.2B. Expansion rate has moderated.
What are HD's profit margins?
The Home Depot, Inc. net margin is +8.6%, with operating margin at +12.7%. Margins sit within typical range for the sector.
How consistent are HD's earnings?
HD earnings data spans 1989-2025. The current earnings trend is -4.6% YoY. Historical data enables comparison across business cycles.