Operating Income for Home Depot (HD)
According to Home Depot's latest reported financial statements, the company's current operating income (TTM) is $20.89B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$20.89B
YoY change
-3.0%
5Y CAGR
+2.7%
Peak year (2022)
$24.04B
Cumulative operating income
$319.52B
Operating Income history chart for Home Depot (HD) from 1985 to 2025
Operating Income history table for Home Depot (HD) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $20.89B | -3.0% | ||
| 2024 | $21.53B | -0.8% | ||
| 2023 | $21.69B | -9.8% | ||
| 2022 | $24.04B | +4.3% | ||
| 2021 | $23.04B | +26.1% | ||
| 2020 | $18.28B | +15.4% | ||
| 2019 | $15.84B | +2.0% | ||
| 2018 | $15.53B | +5.8% | ||
| 2017 | $14.68B | +9.3% | ||
| 2016 | $13.43B | +14.0% | ||
| 2015 | $11.77B | +12.5% | ||
| 2014 | $10.47B | +14.2% | ||
| 2013 | $9.17B | +18.0% | ||
| 2012 | $7.77B | +16.6% | ||
| 2011 | $6.66B | +14.1% | ||
| 2010 | $5.84B | +21.6% | ||
| 2009 | $4.80B | +10.2% | ||
| 2008 | $4.36B | -39.8% | ||
| 2007 | $7.24B | -18.3% | ||
| 2006 | $8.87B | -5.3% | ||
| 2005 | $9.36B | +18.1% | ||
| 2004 | $7.93B | +15.8% | ||
| 2003 | $6.85B | +17.4% | ||
| 2002 | $5.83B | +18.2% | ||
| 2001 | $4.93B | +17.7% | ||
| 2000 | $4.19B | +10.4% | ||
| 1999 | $3.79B | +42.6% | ||
| 1998 | $2.66B | +33.1% | ||
| 1997 | $2.00B | +31.1% | ||
| 1996 | $1.53B | +29.3% | ||
| 1995 | $1.18B | +19.5% | ||
| 1994 | $987.20M | +39.7% | ||
| 1993 | $706.70M | +28.6% | ||
| 1992 | $549.40M | +43.9% | ||
| 1991 | $381.70M | +43.7% | ||
| 1990 | $265.70M | +43.9% | ||
| 1989 | $184.60M | +45.7% | ||
| 1988 | $126.70M | +28.9% | ||
| 1987 | $98.30M | +68.6% | ||
| 1986 | $58.30M | +206.8% | ||
| 1985 | $19.00M | — |
Operating Income values are taken from Home Depot's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Home Depot (HD) reported operating income of $20.89B – edged down 3.0% year-over-year.
Home Depot operating income has recorded the values shown across consecutive periods, with a +2.7% compound annual growth rate over 2020–2025 (5 years).
Between 2022 and 2025, Home Depot operating income declined 13.1%, falling from $24.04B to $20.89B.
$24.04B stands as the all-time-high annual operating income, posted in 2022, against a low of $19.00M during 1985.
Within Consumer Cyclical, Home Depot (HD) ranks 4th among 8 peers we track. The peer median for operating income is $11.27B.
Home Depot Operating Income by Year
Home Depot Operating Income 2025: $20.89B
Home Depot operating income in 2025 was $20.89B, edged down 3.0% below 2024.
Home Depot Operating Income 2024: $21.53B
Home Depot operating income in 2024 was $21.53B, edged down 0.8% below 2023.
Home Depot Operating Income 2023: $21.69B
Home Depot operating income in 2023 was $21.69B, declined 9.8% below 2022.
Home Depot Operating Income 2022: $24.04B
Home Depot operating income in 2022 was $24.04B, edged up 4.3% from 2021. This figure represents the highest annual value in the available history.
Home Depot Operating Income 2021: $23.04B
Home Depot operating income in 2021 was $23.04B.
See more financial history for Home Depot (HD).
Sector peers — Operating Income
Companies in the same sector as Home Depot, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Alibaba Group Holding Limited (BABA) | $140.91B | Consumer Cyclical |
| PDD Holdings Inc. (PDD) | $92.05B | Consumer Cyclical |
| Amazon.com, Inc. (AMZN) | $79.97B | Consumer Cyclical |
| McDonald's Corporation (MCD) | $12.39B | Consumer Cyclical |
| Lowe's Companies, Inc. (LOW) | $10.15B | Consumer Cyclical |
| Booking Holdings Inc. (BKNG) | $9.28B | Consumer Cyclical |
| The TJX Companies, Inc. (TJX) | $7.18B | Consumer Cyclical |
| Tesla, Inc. (TSLA) | $4.36B | Consumer Cyclical |
Frequently asked questions
What is Home Depot's operating income?
- Latest reported operating income for Home Depot (HD) is $20.89B (period ending February 1, 2026).
How has Home Depot operating income changed year-over-year?
- Home Depot (HD) operating income changed -3.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Home Depot operating income?
- Home Depot (HD) operating income compound annual growth rate is +2.7% over the most recent 5 years available.
When did Home Depot operating income hit its highest annual value?
- Home Depot operating income reached its highest annual value of $24.04B in 2022.
What was Home Depot operating income in 2024?
- Home Depot (HD) operating income in 2024 was $21.53B.
What was Home Depot operating income in 2025?
- Home Depot (HD) operating income in 2025 was $20.89B.
Metrics overview
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