Operating Income for Lowe's Companies (LOW)
According to Lowe's Companies's latest reported financial statements, the company's current operating income (TTM) is $10.15B 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)
$10.15B
YoY change
+0.4%
5Y CAGR
-1.4%
Peak year (2022)
$12.66B
Cumulative operating income
$157.26B
Operating Income history chart for Lowe's Companies (LOW) from 1985 to 2025
Operating Income history table for Lowe's Companies (LOW) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $10.15B | +0.4% | ||
| 2024 | $10.11B | -12.3% | ||
| 2023 | $11.53B | -8.9% | ||
| 2022 | $12.66B | +3.3% | ||
| 2021 | $12.26B | +12.6% | ||
| 2020 | $10.88B | +65.4% | ||
| 2019 | $6.58B | +7.8% | ||
| 2018 | $6.11B | -7.3% | ||
| 2017 | $6.59B | +13.3% | ||
| 2016 | $5.81B | +16.7% | ||
| 2015 | $4.98B | +3.3% | ||
| 2014 | $4.82B | +14.9% | ||
| 2013 | $4.20B | +15.1% | ||
| 2012 | $3.65B | -2.5% | ||
| 2011 | $3.74B | +3.2% | ||
| 2010 | $3.63B | +12.6% | ||
| 2009 | $3.22B | -15.8% | ||
| 2008 | $3.82B | -19.3% | ||
| 2007 | $4.73B | -8.2% | ||
| 2006 | $5.16B | +10.4% | ||
| 2005 | $4.67B | +24.8% | ||
| 2004 | $3.74B | +19.8% | ||
| 2003 | $3.12B | +22.9% | ||
| 2002 | $2.54B | +42.8% | ||
| 2001 | $1.78B | +26.9% | ||
| 2000 | $1.40B | +19.6% | ||
| 1999 | $1.17B | +35.0% | ||
| 1998 | $868.31M | +29.6% | ||
| 1997 | $670.25M | +17.4% | ||
| 1996 | $570.90M | +30.9% | ||
| 1995 | $436.30M | +12.4% | ||
| 1994 | $388.20M | +52.5% | ||
| 1993 | $254.50M | +43.8% | ||
| 1992 | $177.00M | +90.1% | ||
| 1991 | $93.10M | -36.0% | ||
| 1990 | $145.40M | +13.6% | ||
| 1989 | $128.00M | +1.1% | ||
| 1988 | $126.60M | +14.7% | ||
| 1987 | $110.40M | -9.4% | ||
| 1986 | $121.80M | -2.0% | ||
| 1985 | $124.30M | — |
Operating Income values are taken from Lowe's Companies'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
The 2025 reading of Lowe's Companies (LOW) operating income is $10.15B – edged up 0.4% year-over-year.
Lowe's Companies operating income compound annual growth for the 2020–2025 (5 years) window is -1.4%, with a net decline across the window.
Between 2022 and 2025, Lowe's Companies operating income declined 19.8%, falling from $12.66B to $10.15B.
$12.66B stands as the all-time-high annual operating income, posted in 2022, against a low of $93.10M during 1991.
Among 8 Consumer Cyclical peers, Lowe's Companies (LOW) ranks 6th; the peer median for operating income is $16.64B.
Lowe's Companies Operating Income by Year
Lowe's Companies Operating Income 2025: $10.15B
Lowe's Companies operating income in 2025 was $10.15B, edged up 0.4% from 2024.
Lowe's Companies Operating Income 2024: $10.11B
Lowe's Companies operating income in 2024 was $10.11B, declined 12.3% below 2023.
Lowe's Companies Operating Income 2023: $11.53B
Lowe's Companies operating income in 2023 was $11.53B, declined 8.9% below 2022.
Lowe's Companies Operating Income 2022: $12.66B
Lowe's Companies operating income in 2022 was $12.66B, edged up 3.3% from 2021. This figure represents the highest annual value in the available history.
Lowe's Companies Operating Income 2021: $12.26B
Lowe's Companies operating income in 2021 was $12.26B.
See more financial history for Lowe's Companies (LOW).
Sector peers — Operating Income
Companies in the same sector as Lowe's Companies, 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 |
| The Home Depot, Inc. (HD) | $20.89B | Consumer Cyclical |
| McDonald's Corporation (MCD) | $12.39B | 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 Lowe's Companies's operating income?
- Latest reported operating income for Lowe's Companies (LOW) is $10.15B (period ending January 30, 2026).
How has Lowe's Companies operating income changed year-over-year?
- Lowe's Companies (LOW) operating income changed +0.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Lowe's Companies operating income?
- Lowe's Companies (LOW) operating income compound annual growth rate is -1.4% over the most recent 5 years available.
When did Lowe's Companies operating income hit its highest annual value?
- Lowe's Companies operating income reached its highest annual value of $12.66B in 2022.
What was Lowe's Companies operating income in 2024?
- Lowe's Companies (LOW) operating income in 2024 was $10.11B.
What was Lowe's Companies operating income in 2025?
- Lowe's Companies (LOW) operating income in 2025 was $10.15B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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