TTM
$20.7B
YoY change
-3.0%
5Y CAGR
+2.7%
Peak year (FY2022)
$24B
Cumulative operating income
$324B
Operating Income history chart for Home Depot (HD) from 2017 to 2026
Latest: $20.9B
Operating Income growth chart for Home Depot (HD) from 2017 to 2026
Latest: -3.0%
Operating Income history table for Home Depot (HD) from 1986 to 2026
| FY2025 | $20.9B | -3.0% | -$636M | ||
| FY2024 | $21.5B | -0.8% | -$163M | ||
| FY2023 | $21.7B | -9.8% | -$2.35B | ||
| FY2022 | $24B | +4.3% | +$999M | ||
| FY2021 | $23B | +26.1% | +$4.76B | ||
| FY2020 | $18.3B | +15.4% | +$2.44B | ||
| FY2019 | $15.8B | +2.0% | +$313M | ||
| FY2018 | $15.5B | +5.8% | +$849M | ||
| FY2017 | $14.7B | +9.3% | +$1.25B | ||
| FY2016 | $13.4B | +14.0% | +$1.65B | ||
| FY2015 | $11.8B | +12.5% | +$1.31B | ||
| FY2014 | $10.5B | +14.2% | +$1.3B | ||
| FY2013 | $9.17B | +18.0% | +$1.4B | ||
| FY2012 | $7.77B | +16.6% | +$1.11B | ||
| FY2011 | $6.66B | +14.1% | +$822M | ||
| FY2010 | $5.84B | +21.6% | +$1.04B | ||
| FY2009 | $4.8B | +10.2% | +$444M | ||
| FY2008 | $4.36B | -39.8% | -$2.88B | ||
| FY2007 | $7.24B | -18.3% | -$1.62B | ||
| FY2006 | $8.87B | -5.3% | -$497M | ||
| FY2005 | $9.36B | +18.1% | +$1.44B | ||
| FY2004 | $7.93B | +15.8% | +$1.08B | ||
| FY2003 | $6.85B | +17.4% | +$1.02B | ||
| FY2002 | $5.83B | +18.2% | +$898M | ||
| FY2001 | $4.93B | +17.7% | +$741M | ||
| FY2000 | $4.19B | +10.4% | +$396M | ||
| FY1999 | $3.8B | +42.6% | +$1.13B | ||
| FY1998 | $2.66B | +33.1% | +$661M | ||
| FY1997 | $2B | +31.1% | +$474M | ||
| FY1996 | $1.53B | +29.3% | +$346M | ||
| FY1995 | $1.18B | +19.5% | +$193M | ||
| FY1994 | $987M | +39.7% | +$281M | ||
| FY1993 | $707M | +28.6% | +$157M | ||
| FY1992 | $549M | +43.9% | +$168M | ||
| FY1991 | $382M | +43.7% | +$116M | ||
| FY1990 | $266M | +43.9% | +$81.1M | ||
| FY1989 | $185M | +45.7% | +$57.9M | ||
| FY1988 | $127M | +28.9% | +$28.4M | ||
| FY1987 | $98.3M | +68.6% | +$40M | ||
| FY1986 | $58.3M | +206.8% | +$39.3M | ||
| FY1985 | $19M | — | — |
- FY2025$20.9B-3.0%
- FY2024$21.5B-0.8%
- FY2023$21.7B-9.8%
- FY2022$24B+4.3%
- FY2021$23B+26.1%
- FY2020$18.3B+15.4%
- FY2019$15.8B+2.0%
- FY2018$15.5B+5.8%
- FY2017$14.7B+9.3%
- FY2016$13.4B+14.0%
- FY2015$11.8B+12.5%
- FY2014$10.5B+14.2%
- FY2013$9.17B+18.0%
- FY2012$7.77B+16.6%
- FY2011$6.66B+14.1%
- FY2010$5.84B+21.6%
- FY2009$4.8B+10.2%
- FY2008$4.36B-39.8%
- FY2007$7.24B-18.3%
- FY2006$8.87B-5.3%
- FY2005$9.36B+18.1%
- FY2004$7.93B+15.8%
- FY2003$6.85B+17.4%
- FY2002$5.83B+18.2%
- FY2001$4.93B+17.7%
- FY2000$4.19B+10.4%
- FY1999$3.8B+42.6%
- FY1998$2.66B+33.1%
- FY1997$2B+31.1%
- FY1996$1.53B+29.3%
- FY1995$1.18B+19.5%
- FY1994$987M+39.7%
- FY1993$707M+28.6%
- FY1992$549M+43.9%
- FY1991$382M+43.7%
- FY1990$266M+43.9%
- FY1989$185M+45.7%
- FY1988$127M+28.9%
- FY1987$98.3M+68.6%
- FY1986$58.3M+206.8%
- FY1985$19M—
Operating Income values are taken from Home Depot's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Income at Home Depot (HD)
According to Home Depot's latest reported financial statements, the company's current operating income (TTM) is $20.7B. 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 .
As of the 2025 fiscal year, Home Depot (HD) reported operating income of $20.9B – edged down 3.0% year-over-year.
Home Depot operating income has grown on net over the period, 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 $24B to $20.9B.
$24B stands as the all-time-high annual operating income, posted in 2022, against a low of $19M during 1985.
Home Depot Operating Income by Year
Home Depot Operating Income 2025: $20.9B
In 2025, Home Depot reported operating income of $20.9B, edged down 3.0% below 2024.
Home Depot Operating Income 2024: $21.5B
Home Depot operating income in 2024 was $21.5B, edged down 0.8% below 2023.
Home Depot Operating Income 2023: $21.7B
2023's operating income for Home Depot came in at $21.7B, declined 9.8% below 2022.
Home Depot Operating Income 2022: $24B
Home Depot posted operating income of $24B in 2022, edged up 4.3% from 2021. This figure represents the highest annual value in the available history.
Home Depot Operating Income 2021: $23B
Home Depot operating income in 2021 was $23B.
See more financial history for Home Depot (HD).
Sector peers by Operating Income
Consumer Cyclical peers of Home Depot (HD), ranked by their latest operating income
| $80B | |
| $13.1B | |
| $12.4B | |
| $10.2B | |
| $9.28B | |
| $8.62B | |
| $7.18B | |
| $4.36B |
- $80B
- $13.1B
- $12.4B
- $10.2B
- $9.28B
- $8.62B
- $7.18B
- $4.36B
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