Lowe's Companies SG&A increased by 0.3% to $4.42B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 9.3%, from $4.05B to $4.42B. Over 4 years (FY 2021 to FY 2025), SG&A shows relatively stable performance with a -2.1% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
A rising ratio of SG&A to revenue may indicate inefficiency or aggressive expansion, while a falling ratio suggests improved operating leverage.
Detailed definition
Selling, general, and administrative expenses encompass the costs associated with the day-to-day operation of the busine...
Peer comparison
Standard operating expense category; peers with larger global sales forces typically show higher absolute SG&A levels.
selling_general_and_administrativeHistorical Data
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $4.49B | $4.69B | $4.37B | $4.74B | $4.30B | $4.46B | $6.44B | $5.13B | $3.82B | $4.09B | $3.76B | $3.90B | $4.01B | $4.03B | $3.83B | $3.82B | $4.05B | $4.18B | $4.16B | $4.41B | $4.42B |
| QoQ Change | — | +4.4% | -6.8% | +8.4% | -9.2% | +3.5% | +44.6% | -20.4% | -25.5% | +6.9% | -8.0% | +3.7% | +2.8% | +0.4% | -4.9% | -0.2% | +5.9% | +3.2% | -0.4% | +6.0% | +0.3% |
| YoY Change | — | — | — | — | -4.3% | -5.1% | +47.3% | +8.2% | -11.1% | -8.3% | -41.6% | -24.0% | +4.8% | -1.5% | +1.8% | -2.0% | +0.9% | +3.7% | +8.7% | +15.4% | +9.3% |
Business Segments
| Segment | FY'23 | FY'24 |
|---|---|---|
| Reportable Segment | $15.57B | $15.68B |
| Total | $15.57B | $15.68B |
All segment values are derived from annual filings.
SG&A at Other Companies
Frequently Asked Questions
- What is Lowe's Companies's sg&a?
- Lowe's Companies (LOW) reported sg&a of $4.42B in Q1 2026.
- How has Lowe's Companies's sg&a changed year-over-year?
- Lowe's Companies's sg&a increased by 9.3% year-over-year, from $4.05B to $4.42B.
- What is the long-term trend for Lowe's Companies's sg&a?
- Over 4 years (2021 to 2025), Lowe's Companies's sg&a has grown at a -2.1% compound annual growth rate (CAGR), from $18.30B to $16.79B.
- What does sg&a mean?
- The overhead costs of running the business, including sales, marketing, and general corporate expenses.