The Home Depot (HD) Announced Q4 2025 Earnings on February 24, 2026, Reporting "total sales were $38.2 billion".

The Home Depot reported fourth quarter 2025 total sales of $38.2 billion, representing a decrease of approximately 3.8% compared to the fourth quarter of the prior year. For the quarter, total company comparable sales increased 0.4%, and U.S. comparable sales were positive 0.3%. Operating margin for the fourth quarter was 10.1%, and gross margin was approximately 32.6%. Fourth quarter diluted earnings per share were $2.58, and adjusted diluted earnings per share were $2.72. For the full fiscal year 2025, total sales reached $164.7 billion, an increase of 3.2% over fiscal 2024, with full-year adjusted diluted earnings per share at $14.69.

Executives indicated that fourth quarter results aligned with expectations, impacted by ongoing consumer uncertainty, housing pressures, and a lack of storm activity in the third quarter, though January storms provided a sales benefit. The company noted growth in its Pro ecosystem and "interconnected shopping experience," driven by new capabilities such as "real-time delivery tracking for big and bulky deliveries" and an "AI takeoff scheme" that allows Pros to quickly build project lists. Strategic acquisitions were also a focus, with management highlighting that SRS delivered organic sales growth and expanded market share, while integration with GMS is actively creating revenue synergies.

Looking ahead to fiscal 2026, management anticipates that broader housing and economic pressures will persist, citing historical lows in housing turnover and no immediate catalyst for an inflection in activity. The company expects fiscal 2026 total sales growth of approximately 2.5% to 4.5% and comparable sales growth between flat to 2%. Adjusted diluted earnings per share are projected to grow approximately flat to 4%, and the company plans to open approximately 15 new stores and 40 to 50 new SRS locations during the year.