Home Depot Total Operating Expenses decreased by 1.3% to $8.46B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 5.7%, from $8.01B to $8.46B. Over 4 years (FY 2021 to FY 2025), Total Operating Expenses shows an upward trend with a 4.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Rising expenses without a corresponding rise in revenue can indicate operational bloat or aggressive expansion efforts.
The sum of all costs required to run the business that are not directly tied to production, including R&D and SG&A. It r...
Investors compare this to revenue to assess the 'operating leverage' of a business model.
is_total_operating_expenses| 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 | $6.96B | $7.03B | $6.77B | $6.23B | $7.22B | $7.27B | $7.08B | $6.83B | $7.01B | $7.57B | $7.33B | $6.03B | $7.35B | $7.88B | $8.01B | $6.42B | $8.33B | $8.57B | $8.46B |
| QoQ Change | — | +0.9% | -3.7% | -8.0% | +15.9% | +0.8% | -2.7% | -3.4% | +2.5% | +8.0% | -3.1% | -17.8% | +22.0% | +7.2% | +1.6% | -19.8% | +29.6% | +2.9% | -1.3% |
| YoY Change | — | — | — | — | +3.7% | +3.5% | +4.6% | +9.7% | -2.9% | +4.1% | +3.6% | -11.8% | +5.0% | +4.1% | +9.2% | +6.6% | +13.2% | +8.7% | +5.7% |
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