Growth Metrics

Home Depot (HD) Operating Expenses (2016 - 2026)

Home Depot (HD) has disclosed Operating Expenses for 17 consecutive years, with $8.5 billion as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses rose 5.68% year-over-year to $8.5 billion, compared with a TTM value of $33.9 billion through Nov 2025, up 10.75%, and an annual FY2025 reading of $31.8 billion, up 8.58% over the prior year.
  • Operating Expenses was $8.5 billion for Q4 2025 at Home Depot, down from $8.6 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $8.6 billion in Q3 2025 and bottomed at $6.7 billion in Q1 2021.
  • Average Operating Expenses over 5 years is $7.5 billion, with a median of $7.3 billion recorded in 2022.
  • The sharpest move saw Operating Expenses grew 26.53% in 2021, then dropped 2.91% in 2023.
  • Year by year, Operating Expenses stood at $6.8 billion in 2021, then grew by 4.55% to $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.
  • Business Quant data shows Operating Expenses for HD at $8.5 billion in Q4 2025, $8.6 billion in Q3 2025, and $8.3 billion in Q2 2025.