Operating Income
Operating Income
Home Depot Operating Income decreased by 18.3% to $5.35B in Q3 2025 compared to the prior quarter. Year-over-year, this metric declined by 1.2%, from $5.42B to $5.35B. Over 3 years (FY 2022 to FY 2025), Operating Income shows relatively stable performance with a -2.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementIncome Statement
SectionOperating Income
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
Growth in operating income suggests that the core business is becoming more profitable and efficient.
Detailed definition
The profit realized from a business's own operations after deducting operating expenses like wages, depreciation, and co...
Peer comparison
This is a key metric for comparing the fundamental business performance of companies with different tax or debt structures.
Metric ID:
operating_incomeHistorical Data
19 periods
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $5.78B | $6.64B | $5.80B | $4.83B | $5.93B | $7.21B | $6.15B | $4.75B | $5.55B | $6.59B | $5.41B | $4.14B | $5.08B | $6.53B | $5.42B | $4.50B | $5.13B | $6.56B | $5.35B |
| QoQ Change | — | +14.8% | -12.7% | -16.7% | +22.9% | +21.6% | -14.7% | -22.7% | +16.8% | +18.7% | -18.0% | -23.4% | +22.6% | +28.6% | -17.1% | -17.0% | +14.2% | +27.7% | -18.3% |
| YoY Change | — | — | — | — | +2.6% | +8.6% | +6.1% | -1.5% | -6.4% | -8.6% | -12.1% | -12.8% | -8.5% | -0.8% | +0.2% | +8.5% | +1.1% | +0.3% | -1.2% |
Range$4.14B – $7.21B
CAGR-1.7%
Avg YoY Growth-1.6%
Median YoY Growth-0.8%
Business Segments
| Segment | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|
| Primary Segment | — | — | $4.55B | — | — | — | $4.73B |
| Other | $72.00M | $200.00M | — | $87.00M | $201.00M | $165.00M | — |
| Total | $6.53B | $5.42B | $4.50B | $5.13B | $6.56B | $5.35B | — |
Operating Income at Other Companies
Frequently Asked Questions
- What is Home Depot's operating income?
- Home Depot (HD) reported operating income of $5.35B in Q3 2025.
- How has Home Depot's operating income changed year-over-year?
- Home Depot's operating income decreased by 1.2% year-over-year, from $5.42B to $5.35B.
- What is the long-term trend for Home Depot's operating income?
- Over 3 years (2022 to 2025), Home Depot's operating income has grown at a -2.2% compound annual growth rate (CAGR), from $23.04B to $21.53B.
- What does operating income mean?
- The profit earned from core business activities, before accounting for interest and taxes.