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Home Depot HD Primary — SG&A

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Other financials

Income statement

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Revenue$41.8B+4.8%
Gross profit$13.8B+2.4%
Operating income$5.0B-3.0%
Net income$3.3B-4.2%
EPS (diluted)$3.30-4.3%

Balance sheet

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Cash & equivalents$1.6B+16.9%
Total debt$62.6B-2.6%
Total equity$13.9B+74.4%
Total assets$107.90B+8.8%

Cash flow

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Operating cash flow$6.0B+39.5%
CapEx$844.0M+4.7%
Free cash flow$5.2B+47.4%

Valuation

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Market cap$352.12B-8.5%
Enterprise value$413.11B-7.7%
P/E25.1×-1.2×
P/S2.1×-0.2×

Profitability

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Gross margin33.1%-0.2pp
Operating margin12.4%-0.8pp
Net margin8.4%-0.6pp
FCF margin8.6%-0.7pp

Returns & leverage

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Return on equity128.4%-171pp
Debt / equity4.5×-3.6×
Current ratio0.0×

Where this comes from

Reported directly by Home Depot in its filing.

Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.

The source filing: Home Depot’s 10-Q, filed May 27, 2026.

Filed
May 26, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-038247
in millionsThree Months Ended / May 3,2026May 4,2025
Net sales$37,763$37,287
Cost of sales24,74524,384
Selling, general and administrative7,3587,164
Depreciation and amortization695693
Operating income$4,965$5,046

Item 1. Financial Statements.

FAQ

What is Home Depot's primary — SG&A?
Home Depot (HD) reported primary — SG&A of $7.36B in Q1 2026.
How has Home Depot's primary — SG&A changed year-over-year?
Home Depot's primary — SG&A increased by 2.7% year-over-year, from $7.16B to $7.36B.
What is the long-term trend for Home Depot's primary — SG&A?
Over 2 years (2023 to 2025), Home Depot's primary — SG&A has grown at a 4.2% compound annual growth rate (CAGR), from $26.6B to $28.89B.
What does primary — SG&A mean?
Encompasses the operating expenses required to support the primary business segment, including store payroll, corporate overhead, marketing, and administrative costs. This metric tracks the company's ability to manage its fixed and variable operating costs relative to its revenue growth. It is a key indicator of operational leverage and cost discipline within the retail organization.

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