Home Depot (HD) Net Margin (2009 - 2026)
Home Depot's Net Margin was 9.96% in fiscal Q2 2027 (quarter ended Aug 2, 2026), down 0.09 percentage points from 10.05% a year earlier but up 2.08 percentage points from the prior quarter.
Home Depot (HD) Net Margin (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Home Depot's Net Margin was 8.41% through Aug 2, 2026, down 0.45 percentage points year-over-year; for FY2026 (ended Feb 1, 2026), it came in at 8.60%, down 0.69 percentage points from FY2025.
- Net Margin has now declined for three consecutive fiscal years, with a five-year change of -1.14 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Net Margin was 9.28% in FY2025 (-0.64 pp), 9.92% in FY2024 (-0.95 pp), 10.87% in FY2023 (unchanged) and 10.87% in FY2022 (+1.13 pp).
- Quarterly Net Margin has moved between 6.73% (fiscal Q4 2026) and 11.81% (fiscal Q2 2023) over five years.
- Compared with a year earlier, Net Margin has declined for 14 straight quarters, with an average year-over-year change of -0.67 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was fiscal Q3 2022 (a gain of 0.98 percentage points); the worst was fiscal Q4 2024 (a drop of 1.33 percentage points).
- Per Business Quant data, HD's Net Margin in the three fiscal quarters before Q2 2027 was 7.88% (Q1 2027), 6.73% (Q4 2026) and 8.71% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,686.58 Bn | 2,203.28 Bn | 104.83 Bn | 31.23% |
| 2 | Home Depot | 283.87 Bn | 277.11 Bn | 16.12 Bn | 9.96% |
| 3 | Tjx Companies | 145.82 Bn | 123.36 Bn | 5.07 Bn | 10.01% |
| 4 | Lowes Companies | 103.43 Bn | 96.39 Bn | 8.58 Bn | 9.24% |
| 5 | Ross Stores | 74.61 Bn | 57.54 Bn | 2.12 Bn | 13.59% |
| 6 | Target | 71.16 Bn | 65.74 Bn | 8.94 Bn | 7.07% |
| 7 | O Reilly Automotive | 69.71 Bn | 68.80 Bn | 2.52 Bn | 14.62% |
| 8 | Carvana | 68.78 Bn | 60.38 Bn | 1.38 Bn | 4.20% |
| 9 | Autozone | 46.23 Bn | 45.13 Bn | 2.52 Bn | 13.25% |
| 10 | JD.com | 32.27 Bn | -77.91 Bn | 8.71 Bn | 2.05% |
Historic Data
| Date | Value |
|---|---|
| Aug 2, 2026 | 9.96% |
| May 3, 2026 | 7.88% |
| Feb 1, 2026 | 6.73% |
| Nov 2, 2025 | 8.71% |
| Aug 3, 2025 | 10.05% |
| May 4, 2025 | 8.61% |
| Feb 2, 2025 | 7.55% |
| Oct 27, 2024 | 9.07% |
| Jul 28, 2024 | 10.56% |
| Apr 28, 2024 | 9.89% |
| Jan 28, 2024 | 8.05% |
| Oct 29, 2023 | 10.10% |
| Jul 30, 2023 | 10.86% |
| Apr 30, 2023 | 10.40% |
| Jan 29, 2023 | 9.38% |
| Oct 30, 2022 | 11.16% |
| Jul 31, 2022 | 11.81% |
| May 1, 2022 | 10.87% |
| Jan 30, 2022 | 9.38% |
| Oct 31, 2021 | 11.21% |
Home Depot Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=HD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "HD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=HD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();