Reference market
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- 09:30 AM – 04:00 PM EST
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- Nov 26, 2026 · Thanksgiving Day
Equity
The Home Depot, Inc. (HD) perpetual futures
HD perpetual futures on 15 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade HDUSDT.
The Home Depot is a major US retailer of home improvement products and services, including building materials, tools, and installation services for homeowners and professionals.
$347.77-1.3%NYSE open
Price chart
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TradingView symbol NYSE:HD
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Trading data
Perpetual market activity
15/15 live markets
Trading data
Perpetual market activity
Venues
15
Live markets
15/15
24h volume
$8.8MCoverage: 14/15 marketsExchange-reported volume: $9.4M
Open interest
$6MCoverage: 12/15 markets
Best liquidity
$826.6K
Bitget
Tightest spread
+3.2 bps
MEXC
Highest volume
$6.9M
Deepcoin
Settlement mix
USDT · 14/15
Perp/spot vol.
0.01x
Spot volume $1.3B
OI / float
0.00%
Float $346.4B
Spot performance
1D-0.87%
5D+2.22%
1M+19.83%
6M+12.18%
YTD+1.21%
1Y-6.16%
Venue matrix
15 markets
Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.
| Trade | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Binance | Trade | HD/USDT | Trading | $347.75 | 0.0% APR 0.000% every 8h | +6.3 bps | - | $351.8K | $480.9K | USDT | - | |
 XT.com | Trade | HD/USDT | Trading | $347.81 | 0.0% APR 0.000% every 8h | +6.0 bps | $488.6K | $199.3K | - | USDT | 15x | |
 LBank | Trade | HD/USDT | Trading | $347.74 | 0.0% APR 0.000% every 8h | +6.3 bps | $466.2K | $159K | $40.9K | USDT | 50x | |
 MEXC | Trade | HD/USDT | Trading | $347.71 | 0.0% APR 0.000% every 8h | +3.2 bps | $89.5K | $102.8K | $5.2M | USDT | 20x | |
 Bybit | Trade | HD/USDT | Trading | $347.49 | 0.0% APR 0.000% every 8h | +22.2 bps | $14.2K | $99.7K | $96.2K | USDT | 25x | |
 GRVT | Trade | HD/USDT | Trading | $347.75 | 0.0% APR 0.000% every 8h | +8.6 bps | $118.1K | $84.2K | $83.5 | USDT | - | |
 Bitunix | Trade | HD/USDT | Trading | $347.69 | -8.2% APR -0.00753% every 8h | +15.3 bps | $443.9K | $75K | $22.3K | USDT | 20x | |
 HTX | Trade | HD/USDT | Trading | $347.24 | 0.0% APR 0.000% every 8h | +67.4 bps | $17.1K | $60.2K | $4K | USDT | - | |
 Bitget | Trade | HD/USDT | Trading | $347.77 | 0.0% APR 0.000% every 8h | +8.6 bps | $826.6K | $44.3K | $20.6K | USDT | 20x | |
 Gate.io | Trade | HD/USDT | Trading | $346.90 | 0.0% APR 0.000% every 8h | +37.4 bps | $25.2K | $2.4K | $48.8K | USDT | 20x | |
 Aster | Trade | HDUSDT | Trading | $347.87 | 0.0% APR 0.000% every 8h | +18.1 bps | $19.6K | $1.7K | $1.1K | USDT | - | |
 Crypto.com Exchange | Trade | HD/USD | Trading | $347.36 | -228.6% APR -0.026% every 1h | +14.4 bps | $4.5K | $267.2 | $152.8 | USD | 50x | |
 Deepcoin | Trade | HD/USDT | Trading | $347.74 | - | +6.3 bps | $167.1K | $6.9M | - | USDT | 25x | |
 BingX | Trade | HD-USDT | Trading | $347.74 | +5.5% APR +0.00500% every 8h | +10.4 bps | $349.6K15 min | $658.4K | - | USDT | - | |
 KuCoin | Trade | HD/USDT | Trading | $347.83 | 0.0% APR 0.000% every 8h | +37.1 bps | $8.6K | $590.9K⚠ | $51K | USDT | 20x |
Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.
Tokenized wrappers of the real stock, tradable on-chain and on crypto exchanges around the clock. Premium/discount compares the token price to our stock reference price. Data: CoinMarketCap · Robinhood · DexScreener · GeckoTerminal.
| Product | Price | Premium vs stock | 24h Vol. | Market Cap | Chains |
|---|---|---|---|---|---|
| HDXxStocks | $345.51 | -0.65% | $20k | $95k | Solana · Arbitrum · BNB Smart Chain (BEP20) · TON |
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kBroad liquidity · 12 of 15 venues absorb $10k · Typical cost: +12.0 bps – +20.1 bps
Too thin: KuCoin, Crypto.com Exchange
No fresh book data: HTX
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
HDTightest spread
HDHighest volume
HDFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketNext catalyst
Catalysts
Next catalyst
Catalysts
Earnings
2026-11-17
Revenue est. $42.8B · Updated 1m ago
Dividend
$2.33
2026-09-03
No unusual perp activity right now.
Reference data
Market context
Reference data
Market context
New York Stock Exchange
Extended-hours reference
Bid346.91
Ask347.11
Volume1,120,660
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6DateEPS estimateRevenue estimateGrowthAnalysts
FY 202714.99$171.6B+4%21
FY 202815.84$177.1B+3%22
FY 202917.16$184B+4%10
FY 203018.32$190.9B+4%4
FY 203119.57$195.2B+2%5
Q2 20273.67$43B+3%9
Source: FMP · Consensus
Company events
62026-11-17Earnings · Before market openActual - / Estimate 3.84-
2026-09-03Dividend$2.33-
2026-08-18Earnings · Before market openActual 4.92 / Estimate 4.73Beat
2026-06-04Dividend$2.33-
2026-05-19EarningsActual 3.43 / Estimate 3.41Beat
2026-03-12Dividend$2.33-
Peer comparison
Similar listed perpsRevenue mix
Latest annualUNITED STATESGeographic$152.2B
Non USGeographic$12.5B
Analysts
Price targets in USD| Consensus rating | Buy |
|---|---|
| Average 12-month price target | $378.64 |
| 12-month target range (low – high) | $322 – $425 |
| Ratings in the provider's consensus | 63 |
Price targets as of 2026-11-12
Analyst rating history
Ratings| Month | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| Nov 2026 | 4 | 18 | 14 | 0 | 0 |
| Oct 2026 | 4 | 18 | 15 | 0 | 0 |
| Sep 2026 | 4 | 17 | 15 | 0 | 0 |
| Aug 2026 | 4 | 17 | 15 | 0 | 0 |
| Jul 2026 | 4 | 17 | 15 | 0 | 0 |
| Jun 2026 | 4 | 18 | 15 | 0 | 0 |
| May 2026 | 4 | 18 | 14 | 0 | 0 |
| Apr 2026 | 4 | 18 | 15 | 0 | 0 |
| Mar 2026 | 4 | 18 | 15 | 0 | 1 |
| Feb 2026 | 4 | 18 | 14 | 0 | 1 |
| Jan 2026 | 4 | 19 | 15 | 0 | 1 |
| Dec 2025 | 4 | 19 | 14 | 0 | 0 |
Ownership
Institutional · 2026-Q2Free float99.8%996M shares
Shares outstanding997.7M shares
Institutional77.5%4,255 investors
Investor count change-23
Reference market activity
HD-PERPDay range (Nov 12)$347.6$356.42
52 week$277.15$397.63
Spot volume3.7M
Average volume-
Price performance
111D-0.9%
5D+2.2%
1M+19.8%
3M+1.4%
6M+12.2%
YTD+1.2%
1Y-6.2%
3Y+20.9%
5Y-6.5%
10Y+172.8%
MAX+991,585.2%
Insider activity
FY2026 Q3Acquisitions4 transactions10,471 shares
Dispositions11 transactions17,153 shares
Purchases0Ratio 0.36
Sales4
Insider transactions
25DateReporting persontransactionssharesPriceFilings
Home Depot officer Kimberly R Scardino (SVP-Finance, CAO & Controller) disposed of 81 common shares on 2026-09-20 to cover taxes (F-InKind), at $299.98 per share, leaving 8,108 shares owned.
Home Depot officer Broggi Jordan reported 130 shares of common stock disposed at $299.98 each on 2026-09-20 under code F (tax withholding), leaving 10,867 shares owned.
Home Depot officer Angie Brown reported a Form 4: 96 shares of common stock were withheld for taxes (F-InKind) at $299.98 each on 2026-09-20, leaving her 6,701 shares. Filed 2026-09-22.
Home Depot officer John A. Deaton reported 344 common shares withheld for taxes at $299.98 under code F, leaving 16,205 shares owned.
Home Depot CFO Richard V. McPhail reported a tax-withholding disposition of 554 common shares at $299.98 each on 2026-09-20, leaving 49,050 shares owned.
Home Depot officer Stephanie Smith reported 130 common shares withheld for taxes at $299.98 each, leaving 7,782 shares owned.
Home Depot officer Kimberly R. Scardino (SVP-Finance, CAO & Controller) sold 675 common shares at $305.95 on 2026-09-10, leaving 8,189 shares owned.
On August 28, 2026, officer Roseborough sold 2,455 shares of Home Depot common stock at $328.77, leaving 14,061 shares owned.
On August 26, 2026, Officer Rowe Michael F. sold 710 shares of Home Depot common stock at $336.76 each, leaving 6,838 shares owned.
Jordan Broggi, EVP-Interconnected Retail at Home Depot, received a grant of 1,494 common shares (Award) on 2026-08-20 at $0.00, increasing holdings to 10,996 shares.
The Home Depot officer William D Bastek received a grant of 1,494 shares of common stock (Form 4 filed 2026-08-21).
Officer McPhail exercised options for 5,989 shares, received 1,494 as an award, and sold 5,989 shares at $348.40.
Michael F. Rowe (EVP, Pro) disposed of 714 Phantom Stock Units on 2026-05-28 in a Form 4 transaction coded J-Other, leaving 0 units owned afterward.
Director Asha Sharma received grants of 796 deferred shares and 191 deferred stock units in Home Depot, both awarded at no cost as compensation, not open-market purchases.
Director Caryn Seidman Becker was awarded 796 deferred shares and 191 deferred stock units on 2026-05-21, both compensation grants rather than open-market purchases. After these awards she held 4,211 deferred shares and 951 deferred stock units.
Director Paula Santilli received grants of 796 Deferred Shares and 191 Deferred Stock Units in Home Depot, both at $0.00, as compensation awards rather than open-market purchases.
Home Depot director Manuel Kadre received grants of 796 deferred shares and 191 deferred stock units on 2026-05-21, both as compensation with no cash paid. He now owns 8,770 deferred shares and 1,942 deferred stock units.
Director Wayne M. Hewett received 796 Deferred Shares as an award (A) on 2026-05-21, at $0.00, bringing his holdings to 19,424 shares.
Filings
47 · Latest SEC filings2026-09-224Insider transaction report (Form 4)
Home Depot officer Angie Brown reported a Form 4: 96 shares of common stock were withheld for taxes (F-InKind) at $299.98 each on 2026-09-20, leaving her 6,701 shares. Filed 2026-09-22.
2026-09-224Insider transaction report (Form 4)
Home Depot officer Broggi Jordan reported 130 shares of common stock disposed at $299.98 each on 2026-09-20 under code F (tax withholding), leaving 10,867 shares owned.
2026-09-224Insider transaction report (Form 4)
Home Depot officer Stephanie Smith reported 130 common shares withheld for taxes at $299.98 each, leaving 7,782 shares owned.
2026-09-224Insider transaction report (Form 4)
Home Depot officer Kimberly R Scardino (SVP-Finance, CAO & Controller) disposed of 81 common shares on 2026-09-20 to cover taxes (F-InKind), at $299.98 per share, leaving 8,108 shares owned.
2026-09-224Insider transaction report (Form 4)
Home Depot officer John A. Deaton reported 344 common shares withheld for taxes at $299.98 under code F, leaving 16,205 shares owned.
2026-09-224Insider transaction report (Form 4)
Home Depot CFO Richard V. McPhail reported a tax-withholding disposition of 554 common shares at $299.98 each on 2026-09-20, leaving 49,050 shares owned.
2026-09-114Insider transaction report (Form 4)
Home Depot officer Kimberly R. Scardino (SVP-Finance, CAO & Controller) sold 675 common shares at $305.95 on 2026-09-10, leaving 8,189 shares owned.
2026-08-314Insider transaction report (Form 4)
On August 28, 2026, officer Roseborough sold 2,455 shares of Home Depot common stock at $328.77, leaving 14,061 shares owned.
2026-08-274Insider transaction report (Form 4)
On August 26, 2026, Officer Rowe Michael F. sold 710 shares of Home Depot common stock at $336.76 each, leaving 6,838 shares owned.
2026-08-214Insider transaction report (Form 4)
Jordan Broggi, EVP-Interconnected Retail at Home Depot, received a grant of 1,494 common shares (Award) on 2026-08-20 at $0.00, increasing holdings to 10,996 shares.
2026-08-214Insider transaction report (Form 4)
The Home Depot officer William D Bastek received a grant of 1,494 shares of common stock (Form 4 filed 2026-08-21).
2026-08-214Insider transaction report (Form 4)
Officer McPhail exercised options for 5,989 shares, received 1,494 as an award, and sold 5,989 shares at $348.40.
2026-05-294Insider transaction report (Form 4)
Michael F. Rowe (EVP, Pro) disposed of 714 Phantom Stock Units on 2026-05-28 in a Form 4 transaction coded J-Other, leaving 0 units owned afterward.
2026-05-264Insider transaction report (Form 4)
Director Asha Sharma received grants of 796 deferred shares and 191 deferred stock units in Home Depot, both awarded at no cost as compensation, not open-market purchases.
2026-05-264Insider transaction report (Form 4)
Director Gerard J. Arpey received a grant of 796 deferred shares of Home Depot on 2026-05-21, a form of compensation. He now owns 15,420 deferred shares.
2026-05-264Insider transaction report (Form 4)
Director Stephanie Linnartz received two award grants from Home Depot on 2026-05-21: 796 deferred shares and 191 deferred stock units, totaling 987 shares. Awards are compensation, not open-market purchases; the $0.00 price reflects the grant.
2026-05-264Insider transaction report (Form 4)
Director J. Frank Brown was awarded 287 Deferred Stock Units and 796 shares of Home Depot common stock on 2026-05-21, both as compensation grants at $0.00 rather than open-market purchases.
2026-05-264Insider transaction report (Form 4)
Home Depot director Manuel Kadre received grants of 796 deferred shares and 191 deferred stock units on 2026-05-21, both as compensation with no cash paid. He now owns 8,770 deferred shares and 1,942 deferred stock units.
2026-05-264Insider transaction report (Form 4)
Director Wayne M. Hewett received 796 Deferred Shares as an award (A) on 2026-05-21, at $0.00, bringing his holdings to 19,424 shares.
2026-05-264Insider transaction report (Form 4)
Director Gregory D. Brenneman received grants of 796 deferred shares and 446 deferred stock units in Home Depot, both as compensation awards rather than open-market purchases.
2026-05-264Insider transaction report (Form 4)
Director Ari Bousbib was awarded 796 deferred shares and 271 deferred stock units in Home Depot on 2026-05-21, both as compensation grants (not open-market purchases).
2026-05-264Insider transaction report (Form 4)
Director Jeffery H. Boyd received awards of 796 Deferred Shares and 271 Deferred Stock Units from The Home Depot on 2026-05-21, at $0.00 per share. He held 12,913 Deferred Shares and 3,189 Deferred Stock Units after the transaction.
2026-05-264Insider transaction report (Form 4)
Director Caryn Seidman Becker was awarded 796 deferred shares and 191 deferred stock units on 2026-05-21, both compensation grants rather than open-market purchases. After these awards she held 4,211 deferred shares and 951 deferred stock units.
2026-05-264Insider transaction report (Form 4)
Director Paula Santilli received grants of 796 Deferred Shares and 191 Deferred Stock Units in Home Depot, both at $0.00, as compensation awards rather than open-market purchases.
2026-05-214Insider transaction report (Form 4)
Home Depot EVP-CTO Franziska Bell was granted 51,516 shares of common stock as compensation (not an open-market purchase), bringing her total ownership to 51,516 shares.
2026-04-093Initial insider ownership statement (Form 3)
Franziska Bell, an officer of Home Depot, filed an initial ownership statement (Form 3) on 2026-04-06 reporting no beneficial ownership of common stock.
2026-04-064Insider transaction report (Form 4)
William D. Bastek (EVP, Merchandising) had 2,972 shares of Home Depot common stock withheld to cover taxes at $321.63 per share, leaving 25,224 shares owned afterward.
2026-03-264Insider transaction report (Form 4)
Home Depot CEO Edward Decker was awarded 11,548 common shares and 30,192 employee stock options (exercise price $332.51) on 2026-03-25 as compensation grants, not open-market purchases.
2026-03-264Insider transaction report (Form 4)
Teresa Wynn Roseborough (EVP, General Counsel & Corporate Secretary) received a grant of 2,440 shares of Home Depot common stock and was awarded 6,380 employee stock options with an exercise price of $332.51, both as compensation on 2026-03-25.
Transcripts
Earnings callsFY2027 Q22026-08-18
Earnings calls
AI summary
positiveThe Home Depot reported Q2 FY2026 sales of $47.9 billion, up 5.7% year-over-year, with comparable sales up 1.7% and U.S. comps up 1.3%. Adjusted diluted EPS was $4.92, up 5.1% from $4.68 last year. Results exceeded expectations, driven by broad-based demand with 13 of 16 merchandising departments posting positive comps, including strength in portable power, storage, and Pro categories. The company received $730 million in IEEPA tariff refunds, of which $685 million reduced COGS, offsetting unplanned cost pressures. Management reaffirmed fiscal 2026 guidance, including comp sales flat to 2% growth and EPS growth of flat to 4%.
Key takeaways
- Comp sales increased 1.7% in Q2, with U.S. comps up 1.3%, and 13 of 16 departments posted positive comps.
- Pro posted positive comps and outperformed DIY; digital sales grew 11% year-over-year, the fifth consecutive quarter of double-digit growth.
- The company received $730 million in IEEPA tariff refunds; $685 million reduced Q2 COGS, offsetting unplanned cost pressures.
- Express Delivery launched nationwide offering delivery on tens of thousands of products in 3 hours or less.
- SRS comped above the company average and posted positive comps in all verticals; international (Canada, Mexico) also exceeded company comps.
Financial highlights
- Total sales: $47.9 billion, up 5.7% year-over-year.
- Adjusted diluted EPS: $4.92, up 5.1% from $4.68.
- Gross margin: 33.7%, up ~25 bps year-over-year.
- Operating margin: 14.3%; adjusted operating margin: 14.7%.
Guidance
- Fiscal 2026 comp sales expected flat to 2% growth.
- Total sales growth of approximately 2.5% to 4.5%.
- Adjusted operating margin expected approximately 12.8% to 13%.
- Diluted EPS and adjusted diluted EPS expected to increase approximately flat to 4% compared to fiscal 2025.
Q&A themes
- Gross margin bridge: tariff refunds offset cost pressures; GMS mix impact.
- Comp trends: weather shifts and seasonality affected monthly comps; demand broad-based.
- SRS integration and Pro ecosystem cross-sell driving share gains.
- Express Delivery rollout and digital engagement (Magic Apron, app) enhancing customer experience.
Risks
- Consumer uncertainty and housing affordability continue to pressure larger discretionary projects.
- Unplanned cost pressures from fuel, energy, and product input costs persist.
- Housing turnover remains at historical lows, with no sign of inflection point.
FY2026 Q22026-08-18
Earnings calls
AI summary
The Home Depot reported second quarter fiscal 2026 sales of $47.9 billion, up 5.7% from the prior-year period, with total company comps up 1.7% and U.S. comps up 1.3%. Adjusted diluted EPS was $4.92 versus $4.68 a year earlier. Management said results exceeded expectations, with broad-based demand across 13 of 16 merchandising departments, positive Pro comps and double-digit online comp growth. Richard McPhail said the company received $730 million in IEEPA tariff refunds during the quarter, of which $685 million reduced cost of goods sold, and that these benefits are being used to offset unplanned cost pressures from fuel, energy and product inputs. The company reaffirmed its fiscal 2026 guidance, including comp sales of flat to 2% growth and total sales growth of approximately 2.5% to 4.5%. Ted Decker's temporary medical leave of absence was noted, with management stating he is expected to return in a few months.
FY2026 Q12026-05-19
Earnings calls
AI summary
mixedHome Depot delivered Q1 FY2026 sales of $41.8 billion (up 4.8% YoY) with comp sales up 0.6% and U.S. comps up 0.4%, in line with expectations despite consumer uncertainty and housing affordability pressures. Adjusted diluted EPS declined 3.7% to $3.43, with gross margin down 75 basis points due to GMS acquisition mix. The company completed the Mingledorff's HVAC acquisition and reaffirmed full-year guidance for flat to 2% comp growth.
Key takeaways
- Total sales reached $41.8 billion, up 4.8% YoY; comp sales positive 0.6% with U.S. comps positive 0.4%, reflecting favorable spring weather in North and West partially offset by April softness
- Online comp sales increased over 10% YoY for fourth consecutive quarter driven by faster delivery and interconnected fulfillment capabilities
- Pro business outperformed DIY with positive comps; complex purchase occasions showing strongest growth as trade credit adoption and digital tools expand
- 9 of 16 merchandising departments posted positive comps including storage, power, hardware, plumbing, and paint; larger discretionary projects remain under pressure
- Mingledorff's acquisition completed, establishing HVAC as fifth SRS vertical with ~$100 billion addressable market; SRS cross-selling on track for $400 million run rate this year
Financial highlights
- Q1 FY2026 sales: $41.8 billion, up 4.8% YoY ($1.9 billion increase)
- Adjusted diluted EPS: $3.43, down 3.7% from $3.56 in Q1 FY2025
- Gross margin: 33.0%, down 75 bps YoY, primarily due to GMS acquisition mix
- Operating margin: 11.9% vs 12.9% YoY; adjusted operating margin: 12.3% vs 13.2% YoY
Guidance
- FY2026 comp sales guidance: flat to 2% growth; total sales growth: 2.5% to 4.5%
- SRS expected to deliver mid-single-digit percent organic sales growth for full year
- Gross margin: 33.1%; operating margin: 12.4% to 12.6%; adjusted operating margin: 12.8% to 13.0%
- Diluted EPS and adjusted diluted EPS expected to increase flat to 4% versus FY2025
Q&A themes
- Large cross-category projects remain muted despite overall resilience; guidance implies higher comps in second half driven solely by return to normal store activity, not improved underlying demand
- Weather was primary driver of regional comp variation; April precipitation impacted North; business rebounded with favorable May weather similar to February-March engagement levels
- Trade credit adoption steady with strong momentum in 2025; expanding to online channel in Q2 with integration into construction management platforms
- Merchandise execution team rollout to 1,000 stores showing higher likelihood to shop again and greater engagement; expected completion in all stores by end of FY2026
Risks
- Underlying demand remains pressured by consumer uncertainty, housing affordability challenges, and elevated interest rates; large discretionary projects continue to underperform
- Gross margin faces potential headwinds from fuel costs, tariffs, and commodity input prices; future tariff refunds amount uncertain despite filing
- Housing market weakness persists with low existing home sales turnover and declining new construction starts expected; period of moderation extended beyond initial expectations
FY2025 Q42026-02-24
Earnings calls
AI summary
mixedHome Depot delivered FY2025 total sales of $164.7 billion (3.2% growth) with comp sales up 0.3%, reflecting market share gains despite weak housing turnover and consumer uncertainty. Q4 comps were positive 0.4%, with adjusted EPS of $2.72 down 13.1% year-over-year. The company guides FY2026 comps between flat and 2%, with total sales growth of 2.5% to 4.5%, expecting mid-single-digit organic growth for SRS.
Key takeaways
- FY2025 comp sales +0.3% with underlying demand relatively stable; Q4 comps +0.4% including January storm benefits
- Pro segment showed positive comps outperforming DIY; SRS organic sales grew low single-digits despite industry roofing shipments down 28%
- Digital and interconnected capabilities driving results: online comps up ~11%, over 50% of online orders fulfilled through stores, big ticket transactions over $1,000 up 1.3%
- FY2026 guidance: comps flat to 2%, total sales growth 2.5% to 4.5%, adjusted EPS flat to 4% growth; SRS expected mid-single-digit organic growth
- Operational improvements include new handheld delivery tracking, real-time delivery visibility, Pro AI tools (project management, AI takeoffs), and expanded unified Pro teams in stores
Financial highlights
- FY2025 sales: $164.7B (+3.2% YoY); Q4 sales: $38.2B (-3.8% YoY, impacted by 53rd week in prior year)
- FY2025 adjusted diluted EPS: $14.69 (-3.6% YoY); Q4 adjusted EPS: $2.72 (-13.1% YoY)
- FY2025 gross margin: 33.3% (-10 bps YoY); adjusted operating margin: 13.1% (-70 bps YoY)
- Store count: 2,359 stores (12 new stores opened in FY2025); capital expenditures: $3.7B; dividends paid: $9.2B; quarterly dividend increased 1.3% to $2.33/share
Guidance
- FY2026 comp sales: flat to 2%; total sales growth: 2.5% to 4.5%
- FY2026 adjusted diluted EPS and diluted EPS: both expected to increase flat to 4%
- FY2026 gross margin expected ~33.1%; adjusted operating margin 12.8% to 13.0%
- SRS organic sales expected to grow mid-single digits in FY2026; approximately 15 new Home Depot stores and 40-50 new SRS locations planned
Q&A themes
- Pro segment capabilities: sales force improvements, order management, trade credit platform, AI-powered project management tools, AI blueprint takeoffs, real-time delivery tracking, and job site communication enhancements
- Tariff impacts: mid-single-digit exposure with ~3% SKU price impact; mostly completed pricing actions related to April tariffs; continued merchant and supply chain advocacy for value
- Consumer behavior: no significant trade-down observed; strong engagement in Gift Center and Black Friday events; some shift toward repair vs. replace due to low turnover and moving hesitation
- Regional/geographic performance: relatively stable underlying demand across regions absent storm activity; housing turnover at 30-40 year lows; some price elasticity risk if home price declines accelerate
Risks
- Housing affordability pressures persist: mortgage rates improved but home prices up 50% since 2019; turnover at historical lows since 2023; consumer uncertainty on inflation, jobs, and financing costs continues
- Big ticket discretionary projects remain under pressure with no inflection observed; described as telltale for market improvement but still negative, suggesting continued demand headwinds
- First quarter FY2026 EPS expected mid-single-digit percentage negative YoY due to GMS annualization and timing comparisons; gross margin expected down ~50 bps in H1
FY2025 Q32025-11-18
Earnings calls
AI summary
mixedHome Depot delivered Q3 2025 sales of $41.4 billion with modest 0.2% comp growth and adjusted EPS of $3.74, but the company significantly lowered its fiscal 2025 outlook due to lack of storm activity, ongoing housing pressure, and consumer uncertainty. The company integrated GMS acquisition into results and expects full-year adjusted operating margin of 13% (down 40 bps) and adjusted EPS decline of approximately 5% versus fiscal 2024.
Key takeaways
- Q3 comps of 0.2% driven by lack of storm activity (estimated 80 bps headwind); underlying demand similar to Q2 at approximately 1%
- GMS acquisition contributed approximately $900 million in Q3 sales; expected to contribute $2 billion for full fiscal 2025
- Gross margin flat at 33.4% but operating margin pressure from 55 bps OpEx deleverage; adjusted operating margin 13.3% vs 13.8% prior year
- Online comp sales up 11% with faster fulfillment driving 400 bps increase in customer satisfaction; big ticket transactions over $1,000 positive 2.3%
- Pro and DIY comps both positive and relatively in line; 9 of 16 merchandising departments posted positive comps including kitchen, bath, appliances, and outdoor garden
Financial highlights
- Q3 2025 total sales: $41.4 billion, +2.8% year-over-year; comp sales +0.2%
- Q3 adjusted diluted EPS: $3.74 vs $3.78 prior year; GAAP diluted EPS: $3.62 vs $3.67
- Gross margin: 33.4%, flat year-over-year; adjusted operating margin: 13.3% vs 13.8% prior year
- Inventory: $26.2 billion (+$2.3 billion vs prior year Q3); inventory turns: 4.5x vs 4.8x prior year
Guidance
- FY2025 total sales growth approximately 3% including $2 billion from GMS contribution; comp sales expected slightly positive
- FY2025 gross margin approximately 33.2%; operating margin approximately 12.6%; adjusted operating margin approximately 13%
- FY2025 diluted EPS expected to decline approximately 6% and adjusted diluted EPS decline approximately 5% (52 weeks vs 53 weeks in FY2024)
- Capital expenditures planned at approximately 2.5% of sales for FY2025; effective tax rate targeted at approximately 24.5%; net interest expense approximately $2.3 billion
Q&A themes
- Storm impact estimated at 80 bps pressure to Q3 comps with similar impact expected in Q4; underlying demand approximately 1% in both Q2 and Q3
- GMS expected to grow at low single digits in 2025 (revised from prior mid-single-digit expectation); SRS comped flat in Q3 despite mid-teens roofing market decline, indicating market share gains
- Moderate price increases implemented in response to tariff policy changes; promotional environment consistent year-over-year with no significant elasticity observed to date
- Pro backlog softening with fewer months booked out; customers still constrained by financing availability for larger discretionary renovation projects
Risks
- Consumer uncertainty and housing pressure disproportionately impacting home improvement demand; housing turnover at 40-year lows (2.9%), prices adjusting downward in more markets
- GMS and SRS acquisitions structurally reducing company gross margins and operating margins; 35 basis points operating margin headwind from SRS and GMS mix in fiscal 2025
- Lack of storm activity represents material headwind; roofing category shipments down mid-teens year-over-year impacting SRS, which is 80%+ reroof business
FY2025 Q22025-08-19
Earnings calls
AI summary
positiveHome Depot delivered Q2 results in line with expectations with total sales growth of 4.9% and comp sales growth of 1%, driven by broader customer engagement across 12 of 16 merchandising departments, the strongest breadth in over two years. The company reaffirmed FY2025 guidance including 2.8% sales growth and 1% comp growth, with gross margins expected flat at 33.4%. Management highlighted continued strength in the pro ecosystem following SRS acquisition and announced pending GMS acquisition to expand specialty building products distribution.
Key takeaways
- Q2 comp sales increased 1% (U.S. +1.4%) with 12 of 16 departments posting positive comps, strongest breadth in over two years
- Adjusted diluted EPS of $4.68 essentially flat versus prior year; FY2025 adjusted diluted EPS expected to decline approximately 2%
- Online comp sales increased approximately 12%; faster delivery speeds driving double-digit lift in customer spend and frequency
- Pending GMS acquisition will add 400+ distribution branches to SRS's 800, creating network of 1,200+ locations to serve complex pro projects
- Pro ecosystem showing momentum with thousands of trade credit accounts posted double-digit spend lift; order management system enabling reserve, modify, and invoice capabilities
Financial highlights
- Q2 total sales $45.3 billion, up 4.9% year-over-year
- Q2 comp sales growth 1% (U.S. +1.4%); monthly progression: May -0.3%, June flat, July +3.1%
- Q2 gross margin 33.4%, slight increase versus 2024; operating margin 14.5% versus 15.1% prior year
- Q2 adjusted operating margin 14.8% versus 15.3% prior year (excluding intangible amortization of $139 million)
Guidance
- FY2025 sales growth approximately +2.8% and comp sales growth approximately +1% versus FY2024
- FY2025 gross margin expected approximately 33.4%, essentially flat versus FY2024
- FY2025 operating margin approximately 13.0% and adjusted operating margin approximately 13.4%
- FY2025 diluted EPS expected to decline approximately 3% (52 weeks vs 53 weeks prior year); adjusted diluted EPS expected to decline approximately 2% (or essentially flat on 52-week basis)
Q&A themes
- July improvement driven by favorable weather in northern regions combined with underlying broad-based demand recovery across portfolio; not characterized as catch-up but sustainable momentum
- Rate cuts and tax policy clarity potential catalysts, though economic uncertainty remains primary customer concern for deferring large projects versus project pricing or labor availability
- GMS acquisition viewed as complementary to SRS, providing adjacent drywall/ceiling/steel framing vertical with similar distribution model; 1,200+ combined locations enable optimized fulfillment via 'ship from best location' technology
- Pro complex projects showing early inflection with improved on-time/complete delivery performance driving sales team confidence and customer retention; trade credit still in early stages with single-digit thousands of accounts
Risks
- Large discretionary projects remain soft despite broader engagement; recovery dependent on mortgage rate declines and reduction in economic uncertainty
- Tariff rates have increased significantly since May guidance; modest price movements expected in impacted categories, particularly in sourced goods
- FX headwind of 55 basis points in first half flips to 25 basis point tailwind in guidance; currency volatility could impact international results
Company news
Reuters, WSJ, Bloomberg and FT first, as far as our news provider delivers them; other publishers behind the second filter. Headlines link to the publisher.Company data
Company intelligence
Updated: Nov 13, 2026, 11:45 AM UTC
Company data
Company intelligence
Company profile
- Sector
- Consumer Cyclical
- Industry
- Home Improvement
- Chief executive
- Edward Decker
- Employees
- 472,400
- IPO date
- Sep 22, 1981
- Country
- US
- Exchange
- New York Stock Exchange
Altman Z-scorei5.72
Piotroski scorei6/9
Overall ratingiB
Owner earningsi$5.09B$5.11 per share
ESG risk ratingiBIndustry rank: 1/8
Rating factors
- Return on equityi
- 5/5
- Return on assetsi
- 5/5
- Debt to equityi
- 1/5
- Price to earningsi
- 2/5
- Price to booki
- 1/5
Company press releases
The Home Depot to Host Third Quarter Earnings Conference Call on November 17PRNewsWireThe Home Depot Foundation Pledges $1 Billion to Veteran Causes by 2032PRNewsWireThe Home Depot Announces 2026 Innovation Award WinnersPRNewsWireThe Home Depot Announces 2026 Holiday Decor Collection and Seasonal Savings on Gifts for Everyone on Your ListPRNewsWirePath to Pro Programs will Deliver 15 Million Introductions to High-Demand Construction CareersPRNewsWireThe Home Depot to Present at the Goldman Sachs Global Consumer and Retail ConferencePRNewsWire
Congressional disclosures
Senate
John BoozmanSale (Full) · $1,001 - $15,000Disclosed: Aug 17, 2026John BoozmanSale · $1,001 - $15,000Disclosed: Aug 18, 2026Alan ArmstrongSale (Full) · $15,001 - $50,000Disclosed: Jul 21, 2026Alan ArmstrongSale (Full) · $50,001 - $100,000Disclosed: Jul 21, 2026Sheldon WhitehouseSale (Full) · $1,001 - $15,000Disclosed: Mar 6, 2026
House
Pete SessionsSale · $1,001 - $15,000Disclosed: Oct 28, 2026Ro KhannaPurchase · $1,001 - $15,000Disclosed: Nov 9, 2026Rick LarsenSale · $1,001 - $15,000Disclosed: Oct 13, 2026Ro KhannaSale · $15,001 - $50,000Disclosed: Nov 9, 2026Gilbert CisnerosSale (Partial) · $1,001 - $15,000Disclosed: Nov 10, 2026
Market cap history
$346.17B+1.9%Aug 2026 – Nov 2026
Latest: $346.17B · 2026-11-12High: $351.30B · 2026-11-09Low: $279.46B · 2026-10-05
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| VTI | 0.39% | 31.7M |
| VOO | 0.43% | 26.2M |
| VCPA.S | 0.45% | 21.5M |
| SCHD | 4.27% | 15M |
| 1655.T | 0.54% | 13.4M |
| 1657.T | 0.41% | 13.4M |
| XAW.TO | 0.32% | 13.4M |
| XSP.TO | 0.55% | 13.4M |
| IVV | 0.53% | 13.4M |
| SPY | 0.54% | 12.2M |
| FXAIX | 0.43% | 10.5M |
| VTV | 1.08% | 9.5M |
Analyst track record
How the analysts covering HD have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 184 | 544 |
| Analysts | 35 | 47 |
| Buy / hold / sell | 137 / 46 / 1 | 414 / 122 / 8 |
| Upgrades / downgrades / initiations | 0 / 3 / 2 | 8 / 6 / 9 |
| Price targets hit / missed | 17 / 139 (11%) | 44 / 439 (9%) |
| Avg. return after a rating (TipRanks) | -12.0% | -13.3% |
| Best / worst call | +12.3% / -26.7% | +42.2% / -30.4% |
After buy calls on this stock: median 21-day move +1.7% vs S&P 500 -1.2% (n = 427)
Most accurate on this stock
Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.
- Seth SigmanBarclays93% hit rate on this stock · 14 targets measuredBuytarget $420Nov 10, 2026
- Greg MelichEvercore ISI88% hit rate on this stock · 17 targets measuredBuytarget $400Oct 13, 2026
- Zachary FademWells Fargo80% hit rate on this stock · 20 targets measuredBuytarget $400Nov 5, 2026
Latest ratings
| Date | Analyst | Call | Target | |
|---|---|---|---|---|
| Nov 13, 2026 | Peter KeithPiper SandlerNov 13, 2026 | BuyMaintained | $371↗ | article ↗ |
| Nov 12, 2026 | Steven ShemeshRBC CapitalNov 12, 2026 | HoldMaintained | $342↗ | article ↗ |
| Nov 12, 2026 | W. Andrew CarterStifel NicolausNov 12, 2026 | HoldMaintained | $322 | |
| Nov 10, 2026 | Christopher NardoneBank of America SecuritiesNov 10, 2026 | BuyReiterated | $397↗ | article ↗ |
| Nov 10, 2026 | Michael LasserUBSNov 10, 2026 | BuyMaintained | $420↗ | article ↗ |
Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.
TipRanks data · computed Nov 13, 2026 · 184 ratings
Frequently asked questions
Where can I trade HD perpetual futures?
The Home Depot, Inc. (HD) perpetual futures trade on 15 crypto venues, including Deepcoin, BingX, KuCoin. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade HD around the clock?
Yes. Unlike the underlying stock, HD perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on HD perpetuals?
Right now the HD perp funding rate is 0.0% annualized (venue median), ranging from -228.6% to +5.5% across 15 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
How does the HD perp price compare to the The Home Depot, Inc. stock?
The venue-median HD perp mark is $347.7 versus a reference stock price of $347.8, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.
What is a HD perpetual future?
A HD perpetual is a derivative that tracks the price of The Home Depot, Inc. with no expiry date. It lets you take long or short exposure to The Home Depot, Inc. on crypto venues, around the clock.
What is HDUSDT perpetual?
HDUSDT is the symbol most crypto exchanges use for the The Home Depot, Inc. perpetual settled in USDT (Tether). It tracks the HD share price through an index, trades 24/7 with leverage and never expires.
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