HOME DEPOT (HD) Company Report

The Home Depot launched the Blueprint Takeoffs tool, an AI-powered solution that delivers faster, more accurate material lists and cost estimates for single-family projects.
The tool generates complete project quotes within days—a process that previously took weeks—simplifying procurement through a single supplier and reducing complexity for professional renovators and builders.
It is integrated into The Home Depot’s Pro suite—including trade credit, order management and delivery, project planning, account management, and dedicated support—to streamline the entire project lifecycle for Pros.
Pros can access the solution via their Outside Sales Representative or the in-store Pro Desk to receive tailored estimates and expert guidance at every step.

Nov 19, 2025, 12:00 PM

Press Release

Home Depot reports Q3 2026 results

Earnings

Guidance Update

M&A

Q3 sales were $41.4 billion, up 2.8% YoY, with comp sales +0.2% (U.S. +0.1%); adjusted EPS was $3.74 vs. $3.78 last year.
Acquired GMS in September, adding ~$900 million in Q3 sales and expected to contribute $2 billion to FY2025 sales.
Q3 gross margin held at 33.4%, operating margin fell to 12.9% (adjusted 13.3%), as operating expenses rose 55 bps to 20.5%, including transaction fees.
Revised FY2025 guidance to ~3% total sales growth with slight positive comps, gross margin ~33.2%, operating margin ~12.6% and adjusted operating margin ~13%.

Nov 18, 2025, 2:00 PM

Transcript

Home Depot reports Q3 2026 results

Earnings

Guidance Update

Demand Weakening

Sales of $41.4 billion, +2.8% YoY; comp sales +0.2%; adjusted EPS $3.74 vs $3.78 prior year.
Gross margin flat at 33.4%; operating margin 12.9% (adjusted 13.3%), pressured by GMS acquisition fees and no storm-related demand.
FY25 guidance updated: sales +3%, comps slightly positive; gross margin ~33.2%, operating margin ~12.6% (adjusted 13%); adjusted EPS down ~5–6% vs FY24.
Lack of storm activity and housing uncertainty slowed demand, with storm-adjusted comps ~1% in Q2/Q3; SRS comps flat but gaining share amid roofing shipment declines.

Nov 18, 2025, 2:00 PM

Transcript

Home Depot reports Q3 2026 results

Earnings

Guidance Update

M&A

Q3 sales were $41.4 billion, up 2.8% year-over-year; comp sales grew 0.2% (U.S. comps +0.1%), and adjusted diluted EPS was $3.74 versus $3.78 a year ago.
In September, SRS completed the acquisition of GMS, contributing approximately $900 million of sales (eight weeks) in Q3.
Q3 gross margin was 33.4% (flat YoY); operating margin was 12.9% versus 13.5% in Q3 2025, and adjusted operating margin was 13.3% versus 13.8% a year ago.
Fiscal 2025 guidance revised to total sales growth of +3%, slightly positive comp growth, 33.2% gross margin, 12.6% operating margin (13% adjusted), and diluted EPS down ~6% (adj. EPS down ~5%).

Nov 18, 2025, 2:00 PM

Transcript

Home Depot cuts outlook after Q3 earnings miss

Earnings

Guidance Update

Demand Weakening

Home Depot reported Q3 revenue of $41.3 billion, beating estimates, but adjusted EPS missed forecasts amid reduced demand.
Comparable-store sales rose 0.2% globally and 0.1% in the U.S., with a $900 million sales boost from the recent GMS acquisition.
Net earnings fell 1.3% year-over-year to $3.6 billion, marking the second consecutive quarter of bottom-line misses.
The company lowered its full-year profit outlook, citing the lack of major storms and ongoing housing market pressures.
Shares tumbled to a seven-month low, registering the largest one-day post-earnings decline since February 2023.

Nov 18, 2025, 1:30 PM

Morningstar

Home Depot announces Q3 fiscal 2025 results and updates guidance

Earnings

Guidance Update

M&A

Sales of $41.4 B, up 2.8% YoY, including $0.9 B from GMS; comparable sales +0.2% (U.S. +0.1%).
Net earnings of $3.6 B; EPS $3.62, down from $3.67; adjusted EPS $3.74 vs $3.78.
FY 2025 guidance updated: ~3.0% total sales growth (including ~$2 B from GMS), adjusted operating margin ~13.0%, EPS down ~6%.
Capital expenditures ~2.5% of sales; ~12 new stores planned; tax rate ~24.5%; net interest expense ~$2.3 B.

Nov 18, 2025, 11:05 AM

8-K

Home Depot announces Q3 2025 results and updates guidance

Earnings

Guidance Update

Demand Weakening

Third quarter fiscal 2025 sales were $41.4 billion (up 2.8% year-over-year), with net earnings of $3.6 billion, diluted EPS of $3.62 and adjusted diluted EPS of $3.74.
Comparable sales grew 0.2% overall and 0.1% in the U.S. for the quarter.
Fiscal 2025 guidance was updated to target approximately 3.0% total sales growth; $2.0 billion of incremental sales from GMS; slight positive comparable sales; gross margin of 33.2%; operating margin of 12.6%; adjusted operating margin of 13.0%; and a 6% decline in diluted EPS (from $14.91) and 5% decline in adjusted EPS (from $15.24).
Management noted that lack of storm activity, ongoing housing pressure and consumer uncertainty weighed on demand in the third quarter.

Nov 18, 2025, 11:00 AM

Press Release

Home Depot launches RCS-Messaging to enhance cross-channel customer experiences

Product Launch

Airship introduces native RCS support in its AI-driven CX platform to enable verified, interactive messaging, combat SMS fraud and accelerate conversions.
Consumers lost $470 million to SMS fraud in 2024, and smishing URL threats surged 2 534 %, highlighting the need for a more secure channel.
RCS provides verified sender profiles, rich media and interactive actions, with automatic fallback to SMS/MMS for reliable message delivery.
With iOS 18 support, RCS now reaches over 1 billion monthly users, global traffic has increased 5×, and 75 % of consumers favor RCS over SMS.

Oct 9, 2025, 1:00 PM

Press Release

Home Depot delivers first electrolyzer for 100MW green hydrogen project at Galp’s Sines Refinery

Product Launch

New Projects/Investments

10 MW GenEco electrolyzer array module delivered as the first of 10 units, targeting 100 MW total capacity by early 2026.
Project will produce up to 15,000 tons of renewable hydrogen annually, replacing 20 % of grey hydrogen and reducing 110,000 tons of CO₂e per year.
Galp’s €650 million investment in a 100 MW green hydrogen electrolysis and HVO/SAF unit was approved in September 2023, with construction starting weeks after FID.
Plug Power’s GenEco programs drove $45 million of Q2 revenue amid over 230 MW of deployments across Europe, Australia, and North America.

Oct 1, 2025, 11:08 AM

Press Release

Home Depot completes $2 billion debt offering

Debt Issuance

On September 15, 2025, Home Depot completed a public offering of $2.0 billion aggregate principal of senior notes: $500 million 3.750% due September 15, 2028; $500 million 3.950% due September 15, 2030; and $1.0 billion 4.650% due September 15, 2035.
The offering was made under the company’s shelf registration on Form S-3 (Registration No. 333-281802) filed August 27, 2024, and the notes were issued under the May 4, 2005 indenture with The Bank of New York Mellon Trust Company, N.A. as trustee.

Sep 15, 2025, 8:24 PM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for HOME DEPOT.

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