Non-Current Liabilities
Operating Lease Liabilities
Lowe's Companies Operating Lease Liabilities decreased by 2.6% to $3.94B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 7.3%, from $3.67B to $3.94B. Over 5 years (FY 2020 to FY 2025), Operating Lease Liabilities shows relatively stable performance with a 0.8% CAGR.
Analysis
StatementBalance Sheet Statement
SectionNon-Current Liabilities
CategoryLeverage
SignalContext dependent
VolatilityStable
First reportedQ1 2018
Last reportedQ1 2026May 28, 2026
How to read this metric
An increase reflects expansion of the store network or lease renewals, while a decrease may indicate store closures or a shift toward owned properties.
Detailed definition
This represents the present value of future lease payments for real estate and equipment that are due after more than on...
Peer comparison
Retailers with large physical footprints typically show significant lease liabilities compared to asset-light service firms.
Metric ID:
operating_lease_liabilities_non_currentHistorical Data
21 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 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.93B | $3.84B | $4.14B | $4.02B | $4.06B | $4.07B | $4.05B | $3.51B | $3.48B | $3.61B | $3.6B | $3.74B | $3.76B | $3.74B | $3.74B | $3.63B | $3.67B | $3.8B | $4.07B | $4.04B | $3.94B |
| QoQ Change | — | -2.1% | +7.7% | -2.8% | +1.0% | +0.2% | -0.5% | -13.2% | -0.9% | +3.8% | -0.2% | +3.7% | +0.6% | -0.6% | +0.1% | -3.0% | +1.1% | +3.6% | +7.1% | -0.7% | -2.6% |
| YoY Change | — | — | — | — | +3.5% | +5.9% | -2.1% | -12.7% | -14.3% | -11.3% | -11.0% | +6.4% | +8.0% | +3.5% | +3.9% | -2.9% | -2.4% | +1.7% | +8.8% | +11.4% | +7.3% |
Range$3.48B – $4.14B
CAGR+0.1%
Avg YoY Growth+0.2%
Median YoY Growth+3.5%
Current Streak2 quarters decline
Operating Lease Liabilities at Other Companies
Frequently Asked Questions
- What is Lowe's Companies's operating lease liabilities?
- Lowe's Companies (LOW) reported operating lease liabilities of $3.94B in Q1 2026.
- How has Lowe's Companies's operating lease liabilities changed year-over-year?
- Lowe's Companies's operating lease liabilities increased by 7.3% year-over-year, from $3.67B to $3.94B.
- What is the long-term trend for Lowe's Companies's operating lease liabilities?
- Over 5 years (2020 to 2025), Lowe's Companies's operating lease liabilities has grown at a 0.8% compound annual growth rate (CAGR), from $3.89B to $4.04B.
- What does operating lease liabilities mean?
- The long-term portion of the company's obligations for leased properties and equipment.