Home Depot (HD) Operating Expenses (2009 - 2026)
Home Depot's (HD) quarterly Operating Expenses came in at $8.8 billion in Q2 2026, up 5.69% YoY from $8.3 billion in Q2 2025, and up 2.12% on a QoQ basis from $8.6 billion in Q1 2026.
Home Depot (HD) Operating Expenses (2009 - 2026) Analysis & Trends
Home Depot (HD) has 18 years of Operating Expenses data on file, last reported at $8.8 billion in Q2 2026.
- Quarterly Operating Expenses rose 5.69% year-over-year to $8.8 billion in Q2 2026, while the trailing twelve-month figure through May 2026 was $34.4 billion (up 5.17% YoY) and the FY2026 annual result came in at $34.0 billion, up 6.9% from the prior year.
- Operating Expenses rose to $8.8 billion in Q2 2026, from $8.6 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $8.8 billion in Q2 2026 to a low of $7.0 billion in Q2 2023.
- A 5-year average of $7.8 billion and a median of $7.5 billion in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses fell 2.91% — and 2025, when it gained 15.94%.
- Tracing HD's Operating Expenses over 5 years: stood at $7.1 billion in 2022, then grew by 3.62% to $7.3 billion in 2023, then advanced by 9.21% to $8.0 billion in 2024, then advanced by 5.68% to $8.5 billion in 2025, then rose by 3.99% to $8.8 billion in 2026.
- The last three Operating Expenses figures came in at $8.8 billion (Q2 2026), $8.6 billion (Q1 2026), and $8.5 billion (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Home Depot | 332.39 Bn | 330.79 Bn | 13.78 Bn | 8.80 Bn |
| 2 | Lowes Companies | 121.70 Bn | 120.46 Bn | 7.54 Bn | 4.42 Bn |
| 3 | Floor & Decor Holdings | 5.91 Bn | 5.59 Bn | 603.12 Mn | 479.14 Mn |
| 4 | Haverty Furniture Companies | 407.20 Mn | 302.91 Mn | 119.73 Mn | 113.24 Mn |
| 5 | Live Ventures | 28.32 Mn | 17.42 Mn | 37.10 Mn | 31.81 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Aug 1, 2021 | 7.03 Bn |