AI-extracted from the 10-Q filed 2026-08-25 — Q2 FY2026 (quarter ended August 2, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Q2 net sales rose 5.7% to $47.9 billion, helped by $1.4 billion of incremental GMS sales and IEEPA tariff refunds that lifted gross margin to 33.7%.
Biggest Revenue Drivers
Primary segment$42,806M
Retail home improvement operations in the U.S., Canada, and Mexico; comparable sales rose 1.7% on a 2.8% higher average ticket
Other (SRS non-reportable operating segments)$5,055M
Reflects GMS, acquired September 2025 and contributing $1.4 billion of incremental net sales, plus the Mingledorff's HVAC acquisition
Biggest Revenue Drivers
Total revenue: $47.9B+5.7% YoY
Primary segment$42,806M
Retail home improvement operations in the U.S., Canada, and Mexico; comparable sales rose 1.7% on a 2.8% higher average ticket
Other (SRS non-reportable operating segments)$5,055M
Reflects GMS, acquired September 2025 and contributing $1.4 billion of incremental net sales, plus the Mingledorff's HVAC acquisition
Largest Expense Items
Cost of sales$31,746M
Reflects IEEPA tariff refunds of approximately $685 million recognized as a reduction of cost of goods sold, offset by fuel, energy, and product input costs
Selling, general and administrative$8,424M+8.5% YoY
17.6% of net sales versus 17.1%, primarily reflecting higher operating costs relative to comparable sales performance
Depreciation and amortization$852M+5.7% YoY
Flat at 1.8% of net sales; consolidated intangible amortization was $178 million in the quarter
Interest expense$583M
Interest and other, net fell to $524 million on higher interest income from IEEPA tariff refunds
Margins: Gross margin rose to 33.7% from 33.4%, reflecting IEEPA tariff refunds largely offset by fuel, energy, and input cost pressure plus GMS mix. Operating margin fell to 14.3% from 14.5%.
Watch Items from the Filing
Approximately $730 million of IEEPA tariff refunds received, with $685 million booked as a reduction of cost of goods sold — a non-recurring gross margin benefit.
Comparable customer transactions fell 1.0% and total customer transactions fell 0.8% to 443.2 million; comparable sales growth of 1.7% came entirely from ticket.
Share repurchases remain paused since March 2024 with $11.7 billion of authorization unused; trailing-twelve-month ROIC fell to 24.8% from 27.2%.
Senior notes carry $44.9 billion but fair value only $39.9 billion; $4.2 billion commercial paper outstanding at 3.8%, with $6.2 billion peak usage year-to-date.
Roofing and related products fell to about 39% of Other net sales from roughly 62% a year ago as GMS and Mingledorff's diversified the SRS mix.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Bastek William DEVP, MerchandisingGrant or award · Aug 20, 2026
Brown J FrankDirectorGrant or award · May 21, 2026
Congress trading in HD
134 transactions in HD reported by 31 members of Congress under the STOCK Act, most recent trade Oct 8, 2026. Reported transactions, not recommendations.
About HOME DEPOT, INC. (HD): stock profile, AI score and financials
HOME DEPOT, INC. (HD) stock profile, AI quality score, and SEC EDGAR financial data, a Consumer Discretionary sector company. 13F Pro's AI-powered ranking engine scores HD at 62.9/100 on a composite quality score built from its SEC filings, placing it at rank #657 of 2,925 stocks — the top 25% of the AI-ranked universe. HD scores in the top quartile across revenue scale (99.2), balance sheet strength (91.4). Based on the latest XBRL financial filings (Q2 2027), HOME DEPOT, INC. reports quarterly revenue of $47.9B, net income of $4.8B, an operating margin of 14.3%. Top institutional holders of HD by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. HD trades on the NYSE exchange and files with the SEC under CIK 354950. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate HD daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for HOME DEPOT, INC. directly from SEC EDGAR.