Home Depot (HD) Gross Margin (2009 - 2026)

Home Depot has reported Gross Margin for 18 years, with the latest figure at 33.0% in Q2 2026.

• For the quarter ending Q2 2026, Gross Margin fell 77.0% year-over-year to 33.0%; the trailing twelve-month figure through May 2026 stood at 33.13% (down 22.0% YoY), and the FY2026 full-year result was 33.32%, down 10.0% from the prior year.
• Gross Margin for Q2 2026 stood at 33.0%, up from 32.64% in the prior quarter.
• The five-year high for Gross Margin was 34.14% in Q2 2024, with the low at 32.64% in Q1 2026.
• Historically, Gross Margin has averaged 33.38% across 5 years, with a median of 33.39% in 2024.
• Annual changes were most pronounced in 2024 — Gross Margin jumped 44 bps — and 2026, when it tumbled 77 bps.
• Home Depot's Gross Margin stood at 34.02% in 2022, then declined by 1 bps to 33.78% in 2023, then retreated by 1 bps to 33.38% in 2024, then advanced by 0 bps to 33.41% in 2025, then decreased by 1 bps to 33.0% in 2026.
• The last three Gross Margin figures came in at 33.0% (Q2 2026), 32.64% (Q1 2026), and 33.41% (Q4 2025), per Business Quant data.