Q4 23 EPS
$N/A
Est. $2.77
Q4 23 Revenue
N/A
Est. $34.64B
vs S&P Since Q4 23
-51.0%
TRAILING MARKET
HD -5.9% vs S&P +45.1%
Market Reaction
Did HD Beat Earnings? Q4 2023 Results
Home Depot closed out Q4 fiscal 2025 with a stronger-than-expected earnings beat, posting adjusted diluted EPS of $2.72 against a consensus estimate of $2.52, a 7.94% beat, while revenue of $38.20 billion edged past the $38.12 billion estimate despit… Read more Home Depot closed out Q4 fiscal 2025 with a stronger-than-expected earnings beat, posting adjusted diluted EPS of $2.72 against a consensus estimate of $2.52, a 7.94% beat, while revenue of $38.20 billion edged past the $38.12 billion estimate despite falling 3.8% year-over-year. The headline revenue decline was largely a calendar artifact, as the prior-year quarter spanned 14 weeks versus 13 this period, adding roughly $2.50 billion in sales to the year-ago comparison. Underneath that headwind, comparable sales rose 0.4%, signaling modest underlying demand improvement even as high mortgage rates and a sluggish housing market continue to weigh on big-ticket discretionary projects. Professional customer demand and rising big-ticket transaction values provided some offset. Looking ahead, Home Depot guided fiscal 2026 total sales growth of 2.5% to 4.5% and comparable sales growth of flat to 2.0%, with adjusted operating margin expected between 12.8% and 13.0%, as the company continues integrating SRS Distribution and rebuilding leverage on its cost structure.
Key Takeaways
- • Comparable sales increased 0.4% in Q4 and 0.3% for fiscal 2025
- • U.S. comparable sales increased 0.3% in Q4 and 0.5% for fiscal 2025
- • Comparable average ticket increased 2.4% in Q4
- • Customer transactions declined 8.5% in Q4, partly due to the 14th week comparison
- • Comparable customer transactions declined 1.6% in Q4
- • Average ticket of $91.28 in Q4, up 2.4% on comparable basis
- • SRS acquisition contributed to total sales growth of 3.2% for fiscal 2025
HD YoY Financials
Q4 2023 vs Q4 2022, source: SEC Filings
“Throughout fiscal 2025, our teams did an incredible job engaging with our customers and growing market share, and I would like to thank them for their hard work and dedication.”
— Ted Decker, Q4 2023 Earnings Press Release
HD Earnings Trends
HD vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
HD EPS Trend
Earnings per share: estimate vs actual
HD Revenue Trend
Quarterly revenue: estimate vs actual
HD Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $2.52 | $2.72 | +7.94% | $38.20B | +0.21% |
| FY Full Year | $14.50 | $14.69 | +1.30% | $164.68B | +0.05% |
| Q3 26 MISS | $3.83 | $3.74 | -2.45% | $41.35B | +0.56% |
| Q2 26 MISS | $4.69 | $4.68 | -0.31% | $45.28B | -0.07% |
| Q1 26 MISS | $3.59 | $3.56 | -0.81% | $39.86B | +1.55% |
| Q4 23 | $2.77 | — | — | — | — |
| Q1 23 BEAT | $3.80 | $3.82 | +0.53% | $37.26B | -2.68% |