Home Depot (HD) Operating Margin (2009 - 2026)
Home Depot (HD) reported Operating Margin of 14.29% for fiscal Q2 2027 (quarter ended Aug 2, 2026), down 0.19 percentage points from 14.48% a year earlier but up 2.36 percentage points from the prior quarter.
Home Depot (HD) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Aug 2, 2026, Home Depot's Operating Margin came in at 12.43%, down 0.66 percentage points year-over-year; for FY2026 (ended Feb 1, 2026), it came in at 12.68%, down 0.81 percentage points from FY2025.
- Operating Margin has declined for three consecutive fiscal years, with a five-year change of -1.15 percentage points (FY2021 to FY2026).
- By fiscal year, Operating Margin came in at 13.49% in FY2025 (-0.71 pp), 14.21% in FY2024 (-1.07 pp), 15.27% in FY2023 (+0.03 pp) and 15.24% in FY2022 (+1.41 pp).
- Five-year quarterly Operating Margin spans a low of 10.08% in fiscal Q4 2026 and a high of 16.46% in fiscal Q2 2023.
- Year over year, Operating Margin has now declined in each of the last 15 quarters, with an average year-over-year change of -0.76 percentage points over the last eight quarters.
- The high point for year-over-year Operating Margin in five years was fiscal Q3 2022 (a gain of 1.27 percentage points); the low point was fiscal Q3 2024 (a drop of 1.48 percentage points).
- Per Business Quant data, the three fiscal quarters before Q2 2027 came in at 11.93% (Q1 2027), 10.08% (Q4 2026) and 12.94% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,686.58 Bn | 2,203.28 Bn | 104.83 Bn | 13.69% |
| 2 | Home Depot | 283.87 Bn | 277.11 Bn | 16.12 Bn | 14.29% |
| 3 | Tjx Companies | 145.82 Bn | 123.36 Bn | 5.07 Bn | 13.09% |
| 4 | Lowes Companies | 103.43 Bn | 96.39 Bn | 8.58 Bn | 13.67% |
| 5 | Ross Stores | 74.61 Bn | 57.54 Bn | 2.12 Bn | 17.62% |
| 6 | Target | 71.16 Bn | 65.74 Bn | 8.94 Bn | 9.65% |
| 7 | O Reilly Automotive | 69.71 Bn | 68.80 Bn | 2.52 Bn | 20.15% |
| 8 | Carvana | 68.78 Bn | 60.38 Bn | 1.38 Bn | 9.22% |
| 9 | Autozone | 46.23 Bn | 45.13 Bn | 2.52 Bn | 19.08% |
| 10 | JD.com | 32.27 Bn | -77.91 Bn | 8.71 Bn | 1.31% |
Historic Data
| Date | Value |
|---|---|
| Aug 2, 2026 | 14.29% |
| May 3, 2026 | 11.93% |
| Feb 1, 2026 | 10.08% |
| Nov 2, 2025 | 12.94% |
| Aug 3, 2025 | 14.48% |
| May 4, 2025 | 12.88% |
| Feb 2, 2025 | 11.32% |
| Oct 27, 2024 | 13.47% |
| Jul 28, 2024 | 15.13% |
| Apr 28, 2024 | 13.95% |
| Jan 28, 2024 | 11.91% |
| Oct 29, 2023 | 14.34% |
| Jul 30, 2023 | 15.35% |
| Apr 30, 2023 | 14.90% |
| Jan 29, 2023 | 13.26% |
| Oct 30, 2022 | 15.82% |
| Jul 31, 2022 | 16.46% |
| May 1, 2022 | 15.24% |
| Jan 30, 2022 | 13.51% |
| Oct 31, 2021 | 15.74% |
Home Depot Operating 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=operating-margin&ticker=HD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=HD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();