Home Depot (HD) Operating Expenses (2009 - 2026)
Home Depot's (HD) quarterly Operating Expenses came in at $9.3 billion in Q3 2026, up 8.24% on a YoY basis from $8.6 billion in Q3 2025, and up 5.41% quarter-over-quarter from $8.8 billion in Q2 2026.
Analysis
Home Depot (HD) Operating Expenses (2009 - 2026) Analysis & Trends
Home Depot (HD) has reported Operating Expenses for 18 consecutive years, with $9.3 billion the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Operating Expenses rose 8.24% year-over-year to $9.3 billion; the trailing twelve-month figure through Aug 2026 stood at $35.2 billion (up 5.12% YoY), and the FY2026 full-year result was $34.0 billion, up 6.9% from the prior year.
- Operating Expenses advanced to $9.3 billion in Q3 2026 per HD's latest filing, from $8.8 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $9.3 billion in Q3 2026 and bottomed at $7.0 billion in Q2 2023.
- Historically, Operating Expenses has averaged $7.8 billion across 5 years, with a median of $7.6 billion in 2023.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses retreated 2.91% in 2023, then advanced 15.94% in 2025.
- Over 5 years, Operating Expenses stood at $7.1 billion in 2022, then rose by 3.62% to $7.3 billion in 2023, then grew by 9.21% to $8.0 billion in 2024, then grew by 5.68% to $8.5 billion in 2025, then gained by 9.62% to $9.3 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $9.3 billion, $8.8 billion, and $8.6 billion for Q3 2026, Q2 2026, and Q1 2026 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Home Depot | 303.76 Bn | 301.67 Bn | 16.12 Bn | 9.28 Bn |
| 2 | Lowes Companies | 109.83 Bn | 106.43 Bn | 8.58 Bn | 4.46 Bn |
| 3 | Williams Sonoma | 26.32 Bn | 25.29 Bn | 1.01 Bn | 563.15 Mn |
| 4 | Floor & Decor Holdings | 5.05 Bn | 4.73 Bn | 603.12 Mn | 479.14 Mn |
| 5 | Rh | 2.52 Bn | 2.44 Bn | 331.26 Mn | 276.57 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 2, 2026 | 9.28 Bn |
| May 3, 2026 | 8.80 Bn |
| Feb 1, 2026 | 8.62 Bn |
| Nov 2, 2025 | 8.46 Bn |
| Aug 3, 2025 | 8.57 Bn |
| May 4, 2025 | 8.33 Bn |
| Feb 2, 2025 | 8.54 Bn |
| Oct 27, 2024 | 8.01 Bn |
| Jul 28, 2024 | 7.88 Bn |
| Apr 28, 2024 | 7.35 Bn |
| Jan 28, 2024 | 7.37 Bn |
| Oct 29, 2023 | 7.33 Bn |
| Jul 30, 2023 | 7.57 Bn |
| Apr 30, 2023 | 7.01 Bn |
| Jan 29, 2023 | 7.17 Bn |
| Oct 30, 2022 | 7.08 Bn |
| Jul 31, 2022 | 7.27 Bn |
| May 1, 2022 | 7.22 Bn |
| Jan 30, 2022 | 7.04 Bn |
| Oct 31, 2021 | 6.77 Bn |