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Operating Margin for Home Depot (HD)

As of · Reported

Metric

TTM

12.4%

YoY change

−0.81pp

Trough year (1985)

2.7%

Peak year (2022)

15.3%

Operating Margin history chart for Home Depot (HD) from 1985 to 2025

Latest: 12.7%

Operating Margin change chart for Home Depot (HD) from 1985 to 2025

Latest: −0.81pp

Operating Margin history table for Home Depot (HD) from 1985 to 2025

  • 202512.7%-0.81pp
  • 202413.5%-0.71pp
  • 202413.5%-0.71pp
  • 202314.2%-1.07pp
  • 202314.2%-1.07pp
  • 202215.3%+0.03pp
  • 202215.3%+0.03pp
  • 202115.2%+1.41pp
  • 202115.2%+1.41pp
  • 202013.8%-0.54pp
  • 201914.4%+0.02pp
  • 201814.4%-0.20pp
  • 201714.5%+0.36pp
  • 201614.2%+0.89pp
  • 201513.3%+0.71pp
  • 201412.6%+0.96pp
  • 201311.6%+1.24pp
  • 201210.4%+0.93pp
  • 20119.5%+0.88pp
  • 20108.6%+1.33pp
  • 20097.3%+1.14pp
  • 20086.1%-3.25pp
  • 20079.4%-1.86pp
  • 200611.2%-0.27pp
  • 200511.5%+0.64pp
  • 200410.8%+0.28pp
  • 200310.6%+0.55pp
  • 200210.0%+0.80pp
  • 20019.2%+0.05pp
  • 20009.2%-0.71pp
  • 19999.9%+1.07pp
  • 19988.8%+0.53pp
  • 19978.3%+0.47pp
  • 19967.8%+0.18pp
  • 19957.6%-0.29pp
  • 19947.9%+0.26pp
  • 19937.6%-0.04pp
  • 19927.7%+0.25pp
  • 19917.4%+0.47pp
  • 19907.0%+0.27pp
  • 19896.7%+0.36pp
  • 19886.3%-0.43pp
  • 19876.8%+1.00pp
  • 19865.8%+3.05pp
  • 19852.7%—

Operating Margin 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 Margin at Home Depot (HD)

According to Home Depot's latest reported financial statements, the company's latest reported operating margin is 12.4%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.

Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .

2025's annual operating margin for Home Depot (HD) came in at 12.68% – contracted 0.8 percentage points year-over-year.

The highest annual operating margin of 15.27% was reported in 2022. The lowest in the available history was 2.71% in 1985.

Home Depot Operating Margin by Year

Home Depot Operating Margin 2025: 12.7%

Home Depot posted operating margin of 12.68% in 2025, contracted 0.8 percentage points from 2024.

Home Depot Operating Margin 2024: 13.5%

In 2024, Home Depot reported operating margin of 13.49%, expanded 0.0 percentage points from 2024.

Home Depot Operating Margin 2024: 13.5%

In 2024, Home Depot reported operating margin of 13.49%, contracted 0.7 percentage points from 2023.

Home Depot Operating Margin 2023: 14.2%

Home Depot operating margin in 2023 was 14.21%, expanded 0.0 percentage points from 2023.

Home Depot Operating Margin 2023: 14.2%

Home Depot operating margin in 2023 was 14.21%.

See more financial history for Home Depot (HD).

Sector peers by Operating Margin

Consumer Cyclical peers of Home Depot (HD), ranked by their latest operating margin

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