Primary Segment — Operating Expenses
Business Segments · Operating ExpensesHome Depot Primary Segment — Operating Expenses remained flat by 0.0% to $7.65B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 4.5%, from $7.32B to $7.65B. Over 2 years (FY 2023 to FY 2025), Primary Segment — Operating Expenses shows relatively stable performance with a 3.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
Increasing expenses relative to revenue may signal declining operational efficiency, whereas decreasing expenses relative to revenue indicate improved leverage.
Detailed definition
The aggregate of all non-production costs incurred to operate the primary segment, including SG&A and depreciation. It p...
Peer comparison
Standard operating expense metric; comparable to total segment operating costs in financial reporting.
hd_segment_primary_segment_operating_expensesHistorical Data
| FY'23 | FY'24 | FY'25 | |
|---|---|---|---|
| Value | $28.74B | $29.27B | $30.60B |
| YoY Change | — | +1.9% | +4.5% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Home Depot's primary segment — operating expenses?
- Home Depot (HD) reported primary segment — operating expenses of $7.65B in Q4 2025.
- How has Home Depot's primary segment — operating expenses changed year-over-year?
- Home Depot's primary segment — operating expenses increased by 4.5% year-over-year, from $7.32B to $7.65B.
- What is the long-term trend for Home Depot's primary segment — operating expenses?
- Over 2 years (2023 to 2025), Home Depot's primary segment — operating expenses has grown at a 3.2% compound annual growth rate (CAGR), from $28.74B to $30.60B.
- What does primary segment — operating expenses mean?
- The total costs required to operate the primary business segment, excluding the direct cost of goods sold.