Lowes Companies (LOW) Operating Expenses (2009 - 2026)
Lowes Companies' (LOW) quarterly Operating Expenses came in at $4.5 billion in Q3 2026, up 6.73% on a YoY basis from $4.2 billion in Q3 2025, and up 0.75% quarter-over-quarter from $4.4 billion in Q2 2026.
Analysis
Lowes Companies (LOW) Operating Expenses (2009 - 2026) Analysis & Trends
Lowes Companies (LOW) has reported Operating Expenses for 18 consecutive years, with $4.5 billion the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Operating Expenses rose 6.73% year-over-year to $4.5 billion; the trailing twelve-month figure through Jul 2026 stood at $17.4 billion (up 9.95% YoY), and the FY2026 full-year result was $16.8 billion, up 7.07% from the prior year.
- Operating Expenses rose to $4.5 billion in Q3 2026 per LOW's latest filing, from $4.4 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $6.4 billion in Q4 2022 and bottomed at $3.8 billion in Q4 2023.
- Historically, Operating Expenses has averaged $4.3 billion across 5 years, with a median of $4.2 billion in 2025.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 47.34% in 2022, then tumbled 41.63% in 2023.
- Over 5 years, Operating Expenses stood at $6.4 billion in 2022, then sank by 41.63% to $3.8 billion in 2023, then grew by 1.75% to $3.8 billion in 2024, then increased by 8.7% to $4.2 billion in 2025, then advanced by 7.12% to $4.5 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $4.5 billion, $4.4 billion, and $4.4 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 |
|---|---|
| Jul 31, 2026 | 4.46 Bn |
| May 1, 2026 | 4.42 Bn |
| Jan 30, 2026 | 4.41 Bn |
| Oct 31, 2025 | 4.16 Bn |
| Aug 1, 2025 | 4.18 Bn |
| May 2, 2025 | 4.05 Bn |
| Jan 31, 2025 | 3.82 Bn |
| Nov 1, 2024 | 3.83 Bn |
| Aug 2, 2024 | 4.03 Bn |
| May 3, 2024 | 4.01 Bn |
| Feb 2, 2024 | 3.90 Bn |
| Nov 3, 2023 | 3.76 Bn |
| Aug 4, 2023 | 4.09 Bn |
| May 5, 2023 | 3.82 Bn |
| Feb 3, 2023 | 5.13 Bn |
| Oct 28, 2022 | 6.44 Bn |
| Jul 29, 2022 | 4.46 Bn |
| Apr 29, 2022 | 4.30 Bn |
| Jan 28, 2022 | 4.74 Bn |
| Oct 29, 2021 | 4.37 Bn |