Lowes Companies (LOW) Operating Expenses (2009 - 2026)
Lowes Companies' (LOW) quarterly Operating Expenses came in at $4.4 billion in Q2 2026, up 9.32% YoY from $4.0 billion in Q2 2025, and little changed on a QoQ basis from $4.4 billion in Q1 2026.
Lowes Companies (LOW) Operating Expenses (2009 - 2026) Analysis & Trends
Lowes Companies (LOW) has 18 years of Operating Expenses data on file, last reported at $4.4 billion in Q2 2026.
- Quarterly Operating Expenses rose 9.32% year-over-year to $4.4 billion in Q2 2026, while the trailing twelve-month figure through May 2026 was $17.2 billion (up 9.21% YoY) and the FY2026 annual result came in at $16.8 billion, up 7.07% from the prior year.
- Operating Expenses was little changed at $4.4 billion in Q2 2026, from $4.4 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $6.4 billion in Q4 2022 to a low of $3.8 billion in Q4 2023.
- A 5-year average of $4.3 billion and a median of $4.1 billion in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 47.34% — and 2023, when it slumped 41.63%.
- Tracing LOW's Operating Expenses over 5 years: stood at $6.4 billion in 2022, then tumbled by 41.63% to $3.8 billion in 2023, then advanced by 1.75% to $3.8 billion in 2024, then climbed by 8.7% to $4.2 billion in 2025, then increased by 6.32% to $4.4 billion in 2026.
- The last three Operating Expenses figures came in at $4.4 billion (Q2 2026), $4.4 billion (Q1 2026), and $4.2 billion (Q4 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Home Depot | 334.68 Bn | 333.08 Bn | 13.78 Bn | 8.80 Bn |
| 2 | Lowes Companies | 121.43 Bn | 120.18 Bn | 7.54 Bn | 4.42 Bn |
| 3 | Floor & Decor Holdings | 5.86 Bn | 5.54 Bn | 603.12 Mn | 479.14 Mn |
| 4 | Haverty Furniture Companies | 410.17 Mn | 305.88 Mn | 119.73 Mn | 113.24 Mn |
| 5 | Live Ventures | 29.92 Mn | 19.02 Mn | 37.10 Mn | 31.81 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jul 30, 2021 | 4.69 Bn |