Deferred Revenue
Home Depot Deferred Revenue decreased by 2.4% to $2.54B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 2.0%, from $2.60B to $2.54B. Over 5 years (FY 2021 to FY 2026), Deferred Revenue shows relatively stable performance with a -0.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong sales of subscription-based services or bundled offerings, providing a predictable pipeline for future revenue recognition.
Detailed definition
Represents cash payments received from customers in advance of the company fulfilling its performance obligations, speci...
Peer comparison
High-growth software and services companies typically maintain larger deferred revenue balances relative to pure hardware manufacturers.
deferred_revenue_currentHistorical Data
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $793.00M | $801.00M | $827.00M | $1.00B | $944.00M | $938.00M | $1.00B | $3.06B | $3.12B | $3.08B | $2.78B | $2.76B | $2.84B | $2.75B | $2.60B | $2.61B | $2.78B | $2.61B | $2.54B |
| QoQ Change | — | +1.0% | +3.2% | +20.9% | -5.6% | -0.6% | +6.6% | +206.4% | +1.8% | -1.3% | -9.6% | -0.8% | +2.9% | -3.1% | -5.8% | +0.6% | +6.5% | -6.3% | -2.4% |
| YoY Change | — | — | — | — | +19.0% | +17.1% | +20.9% | +206.4% | +230.4% | +228.3% | +178.4% | -9.9% | -8.9% | -10.6% | -6.8% | -5.5% | -2.2% | -5.4% | -2.0% |
Deferred Revenue at Other Companies
Frequently Asked Questions
- What is Home Depot's deferred revenue?
- Home Depot (HD) reported deferred revenue of $2.54B in Q4 2025.
- How has Home Depot's deferred revenue changed year-over-year?
- Home Depot's deferred revenue decreased by 2.0% year-over-year, from $2.60B to $2.54B.
- What is the long-term trend for Home Depot's deferred revenue?
- Over 5 years (2021 to 2026), Home Depot's deferred revenue has grown at a -0.9% compound annual growth rate (CAGR), from $2.66B to $2.54B.
- What does deferred revenue mean?
- Money collected from customers for products or services that haven't been delivered yet but will be within a year.