Home Depot (HD) earnings for the fourth quarter of 2025
Home Depot's (HD) earnings report for the fourth quarter of 2025 is anticipated to provide insight into the company's financial performance during this period. Key metrics such as revenue, net income, and comparable sales will likely be highlighted, reflecting the home improvement giant's business results. Analysts and investors will closely watch these numbers to assess growth trends, operational efficiency, and overall market conditions that impacted Home Depot in the last quarter of 2025.
Home Depot reported a nearly 4% quarterly decline in sales on Tuesday, as the slowing housing market and selective spending by homeowners continued to weigh on demand for home improvements.
The company also maintained its current fiscal year guidance, which it shared in December at Investor Day. It said it expects total sales growth for the full year to be between approximately 2.5% and 4.5%, and adjusted earnings per share to be roughly flat, rising 4% from $14.69 in the previous fiscal year. It expects comparable sales growth for the full year, which takes into account one-off factors such as store openings and closings, to be flat to 2%.
Despite a decline in financial sales in the fourth quarter, Home Depot exceeded Wall Street's revenue and profit expectations for that period.
Home Depot reports strong quarterly profits despite lower sales
In an interview with CNBC, Chief Financial Officer Richard McPhail said that American consumers and the company “have been in a frozen housing environment for three years”—and there hasn't been a significant thaw.
“What we’ve seen as additional pressure over the past year is this increase in consumer uncertainty, this gradual decline in consumer confidence,” he said. “And these are the signs we’re seeing.”
He said customers have told the company they are worried about housing affordability and job losses, dynamics that have colored Home Depot’s outlook for this year.
Here’s what Home Depot reported for fiscal Q4 2025 compared to Wall Street estimates, according to an LSEG survey of analysts:
Earnings per share: $2.72 adjusted vs. $2.54 expected
Profit: $38.20 billion vs. $38.12 billion expected
Shares of the company rose more than 3% on Tuesday, as Home Depot beat earnings expectations after exceeding estimates for three consecutive quarters.
Home Depot posts impressive quarterly earnings results
Rising interest rates, low housing turnover, and economic uncertainty have posed a challenge for the company, as homeowners postpone more expensive projects that are typically stimulated by buying or selling a home.
In the three months ending February 1, Home Depot's net income fell to $2.57 billion, or $2.58 per share, from $3.0 billion, or $3.02 per share, in the same period last year. Excluding accounting-related expenses and those related to the value of SRS Distribution and its affiliates, Home Depot reported adjusted earnings per share of $2.72.
Revenue declined from $39.70 billion in the same period last year. The company said some of the decrease was due to the fact that fiscal year 2025 had one less week. The additional week in fiscal year 2024 contributed $2.5 billion to sales.
While the Atlanta-based retailer awaits a business recovery, it laid off 800 employees and announced a five-day-a-week return-to-the-office policy in late January.
However, some investors anticipate a turning point for Home Depot as mortgage rates moderate slightly. The average interest rate on a 30-year fixed-rate mortgage fell to 5.99% on Monday, its lowest level since 2022, according to the Mortgage News Daily.
Home Depot's biggest sales season, spring, is also approaching
McPhail said Home Depot's business remained relatively stable throughout the year, including the fourth quarter, as it adapted to the storms. He said the company is gaining market share, even as the industry lagged behind.
Same-as-same-store sales, an industry metric also known as same-store sales, rose 0.4% in the fiscal fourth quarter across the business and 0.3% in the U.S.
In-store transactions this quarter across Home Depot's website and stores declined 1.6% year over year, but the average ticket price rose 2.4% year over year.