Home Depot (HD) Operating Expenses (2009 - 2026)
Home Depot (HD) posted Operating Expenses of $8.8 billion for Q2 2026, up 2.12% on a QoQ basis from $8.6 billion in Q1 2026, and up 5.69% year-over-year from $8.3 billion in Q2 2025.
Home Depot (HD) Operating Expenses (2009 - 2026) Analysis & Trends
Home Depot's Operating Expenses history runs 18 years deep, the most recent figure standing at $8.8 billion for 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 was $8.8 billion for Q2 2026 at Home Depot, up from $8.6 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $8.8 billion in Q2 2026 and bottomed at $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 slipped 2.91% — and 2025, when it grew 15.94%.
- Home Depot's 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 advanced by 3.99% to $8.8 billion in 2026.
- Business Quant data shows HD's Operating Expenses at $8.8 billion in Q2 2026, $8.6 billion in Q1 2026, and $8.5 billion in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Home Depot | 335.94 Bn | 334.34 Bn | 13.78 Bn | 8.80 Bn |
| 2 | Lowes Companies | 120.57 Bn | 119.33 Bn | 7.54 Bn | 4.42 Bn |
| 3 | Floor & Decor Holdings | 6.02 Bn | 5.72 Bn | 507.45 Mn | 455.06 Mn |
| 4 | Haverty Furniture Companies | 385.74 Mn | 278.28 Mn | 116.22 Mn | 111.22 Mn |
| 5 | Live Ventures | 29.89 Mn | 29.89 Mn | 35.35 Mn | 31.90 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 |