Lowe's (LOW) income statement
NYSE · Consumer Cyclical · Home Improvement · 276,000 employees · CEO Marvin R. Ellison
- Price
- $209.07 +0.86%
- Market cap
- $117B
- Enterprise value
- $156B
- Last report
- Q2 '26 filed 2026-08-27
- Next report
- 2026-11-18 EPS est. $2.87
Lowe's (LOW) reported revenue of $26B for Q2 '26 (+8.3% year on year), operating income of $3.55B (13.7% of revenue) and net income of $2.4B. Over the last four quarters revenue was $90.4B.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.5B | $18.6B | $21.4B | $23.6B | $20.2B | $18.6B | $20.9B | $24B | $20.8B | $20.6B | $23.1B | $26B | |
| Cost of revenue | $13.6B | $12.6B | $14.3B | $15.7B | $13.4B | $12.5B | $13.9B | $15.9B | $13.7B | $13.9B | $15.5B | $17.4B | |
| Gross profit | $6.89B | $6.03B | $7.09B | $7.9B | $6.8B | $6.1B | $6.99B | $8.1B | $7.12B | $6.68B | $7.54B | $8.58B | |
| Other operating expenses | $434M | $442M | $428M | $423M | $433M | $445M | $446M | $457M | $475M | $563M | $566M | $572M | |
| Operating expenses | $4.2B | $4.34B | $4.44B | $4.45B | $4.26B | $4.27B | $4.49B | $4.63B | $4.64B | $4.97B | $4.99B | $5.03B | |
| Operating income | $2.7B | $1.69B | $2.65B | $3.45B | $2.54B | $1.83B | $2.49B | $3.47B | $2.48B | $1.71B | $2.55B | $3.55B | |
| Interest income | $27M | $23M | $21M | $52M | $50M | $35M | $25M | $42M | $41M | $13M | $9M | $0 | |
| Interest expense | $372M | $362M | $370M | $369M | $367M | $363M | $361M | $354M | $392M | $417M | $408M | $374M | |
| Other non-operating income (gains on investments, FX ...) | -$27M | -$23M | -$21M | -$52M | -$50M | -$35M | -$25M | -$42M | -$41M | -$13M | -$9M | $9M | |
| Total non-operating income | -$345M | -$349M | -$352M | -$317M | -$317M | -$328M | -$337M | -$313M | -$352M | -$404M | -$399M | -$374M | |
| Income before tax | $2.35B | $1.34B | $2.3B | $3.13B | $2.22B | $1.5B | $2.16B | $3.16B | $2.13B | $1.31B | $2.16B | $3.18B | |
| Income tax | $578M | $319M | $546M | $747M | $524M | $378M | $516M | $758M | $513M | $306M | $527M | $776M | |
| Net income | $1.77B | $1.02B | $1.76B | $2.38B | $1.7B | $1.12B | $1.64B | $2.4B | $1.62B | $999M | $1.63B | $2.4B | |
| EPS (basic) | $3.07 | $1.77 | $3.06 | $4.18 | $2.99 | $2.00 | $2.93 | $4.28 | $2.88 | $1.78 | $2.90 | $4.28 | |
| EPS (diluted) | $3.07 | $1.77 | $3.06 | $4.17 | $2.99 | $2.00 | $2.92 | $4.27 | $2.88 | $1.78 | $2.90 | $4.27 | |
| Shares (basic, weighted) | 576M | 574M | 571M | 568M | 565M | 562M | 559M | 559M | 559M | 559M | 559M | 559M | |
| Shares (diluted, weighted) | 577M | 575M | 572M | 570M | 566M | 563M | 560M | 560M | 560M | 560M | 560M | 560M | |
| Depreciation & amortization | $486M | $496M | $486M | $481M | $494M | $511M | $507M | $515M | $535M | $637M | $644M | $648M | |
| EBITDA | $3.21B | $2.21B | $3.16B | $3.98B | $3.08B | $2.38B | $3.03B | $4.03B | $3.06B | $2.36B | $3.21B | $4.2B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $65B | $68.6B | $71.3B | $72.1B | $89.6B | $96.3B | $97.1B | $86.4B | $83.7B | $86.3B | |
| Cost of revenue | $43.3B | $46.2B | $48.4B | $49.2B | $60B | $64.2B | $64.8B | $57.5B | $55.8B | $57.4B | |
| Gross profit | $21.7B | $22.4B | $22.9B | $22.9B | $29.6B | $32.1B | $32.3B | $28.8B | $27.9B | $28.9B | |
| Other operating expenses | $1.45B | $1.4B | $1.48B | $1.26B | $1.4B | $1.66B | $1.77B | $1.72B | $1.73B | $1.94B | |
| Operating expenses | $15.8B | $15.8B | $18.9B | $16.6B | $19.9B | $20B | $22.1B | $17.3B | $17.4B | $18.7B | |
| Operating income | $5.85B | $6.59B | $4.02B | $6.31B | $9.65B | $12.1B | $10.2B | $11.6B | $10.5B | $10.2B | |
| Interest income | $12M | $16M | $28M | $27M | $24M | $12M | $37M | $101M | $159M | $121M | |
| Interest expense | $655M | $652M | $649M | $718M | $872M | $859M | $1.14B | $1.47B | $1.47B | $1.53B | |
| Other non-operating income (gains on investments, FX ...) | -$12M | $448M | -$28M | -$27M | $1.04B | -$12M | -$37M | -$101M | -$159M | -$121M | |
| Total non-operating income | -$645M | -$1.1B | -$624M | -$691M | -$1.91B | -$885M | -$1.12B | -$1.38B | -$1.31B | -$1.41B | |
| Income before tax | $5.2B | $5.49B | $3.39B | $5.62B | $7.74B | $11.2B | $9.04B | $10.2B | $9.15B | $8.75B | |
| Income tax | $2.11B | $2.04B | $1.08B | $1.34B | $1.9B | $2.77B | $2.6B | $2.45B | $2.2B | $2.09B | |
| Net income | $3.09B | $3.45B | $2.31B | $4.28B | $5.84B | $8.44B | $6.44B | $7.73B | $6.96B | $6.65B | |
| EPS (basic) | $3.48 | $4.09 | $2.85 | $5.49 | $7.77 | $12.08 | $10.20 | $13.24 | $12.25 | $11.87 | |
| EPS (diluted) | $3.47 | $4.09 | $2.85 | $5.49 | $7.75 | $12.03 | $10.17 | $13.20 | $12.23 | $11.85 | |
| Shares (basic, weighted) | 880M | 839M | 811M | 777M | 748M | 696M | 629M | 582M | 567M | 559M | |
| Shares (diluted, weighted) | 881M | 840M | 812M | 778M | 750M | 699M | 631M | 584M | 567M | 560M | |
| Depreciation & amortization | $1.59B | $1.54B | $1.61B | $1.41B | $1.59B | $1.88B | $1.98B | $1.92B | $1.97B | $2.19B | |
| EBITDA | $7.45B | $7.68B | $5.65B | $7.75B | $10.2B | $14B | $12.2B | $13.6B | $12.6B | $12.5B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-07-31, 10-Q 2026-05-01, 10-K 2026-01-30, 10-Q 2025-10-31, 10-Q 2025-08-01, 10-K 2025-01-31, 10-Q 2024-11-01, 10-Q 2024-08-02
Not updated in the last refresh (older data or none shown): SEC segments.
Data as of 2026-11-01