The Home Depot, Inc. (HD) Operating margin 2016–2025
The Home Depot, Inc. (HD) operating margin by fiscal year — reported operating income divided by reported revenue.
12.7%FY2025 · since FY2016: 14.2% → 12.7%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 12.7% | -0.8 pp |
| FY2024 | 13.5% | -0.7 pp |
| FY2023 | 14.2% | -1.1 pp |
| FY2022 | 15.3% | +0.0 pp |
| FY2021 | 15.2% | +1.4 pp |
| FY2020 | 13.8% | -0.5 pp |
| FY2019 | 14.4% | +0.0 pp |
| FY2018 | 14.4% | -0.2 pp |
| FY2017 | 14.5% | +0.4 pp |
| FY2016 | 14.2% | — |
Operating margin = reported operating income ÷ reported revenue for the same fiscal year. Operating-loss years show as a negative margin.
Source: SEC XBRL filings · For reference only · Not investment advice