Lowe's

LOW · Consumer Discretionary · Market cap $118B

Q1 FY26 Jan 31 – May 1, 2026 reported May 28, 2026

Revenue$23.1B +10% year over year

Gross profit$7.5B

Operating profit$2.6B

Net profit$1.6B 7% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q1 FY26 (period ends May 1, 2026).
Item	Value	Share of revenue	Year over year
Revenue	23.1	100%	+10%
Home Decor	7.2	31%	−5%
Building Products	6.8	29%	+4%
Hardlines	6.8	29%	+6%
Other segment net sales	1.8	8%
Other	0.6	3%	+30%
Canada	0.1	0%
Cost of revenue	−15.5	67%
Gross profit	7.5	33% margin	−1pp
SG&A	−4.4	19%	+0pp
Other	−0.6	2%	+0pp
Operating profit	2.6	11% margin	−1pp
Tax	−0.6
Interest & other costs	−0.4
Net profit	1.6	7%	−1pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Oct 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	20.8	100%	+3%
Home Decor	7.8	38%	+3%
Building Products	6.9	33%	+2%
Hardlines	5.1	25%	−4%
Other Sales	1	5%	+78%
Cost of revenue	−13.7	66%
Gross profit	7.1	34% margin	+0pp
SG&A	−4.1	20%	+1pp
Other	−0.5	2%	+0pp
Operating profit	2.5	12% margin	−1pp
Tax	−0.5
Interest & other costs	−0.4
Net profit	1.6	8%	−1pp

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Aug 1, 2025).
Item	Value	Share of revenue	Year over year
Revenue	24	100%	+2%
Home Decor	8.4	35%	+2%
Hardlines	7.8	32%	+1%
Building Products	7.1	30%	+0%
Other Sales	0.7	3%	+15%
Cost of revenue	−15.9	66%
Gross profit	8.1	34% margin	+0pp
SG&A	−4.1	17%	+0pp
Other	−0.5	2%	+0pp
Operating profit	3.5	14% margin	+0pp
Tax	−0.8
Interest & other costs	−0.3
Net profit	2.4	10%	+0pp

All figures in billions of U.S. dollars, for Q1 FY25 (period ends May 2, 2025).
Item	Value	Share of revenue	Year over year
Revenue	20.9	100%	−2%
Home Decor	7.6	36%	−1%
Building Products	6.6	32%	+1%
Hardlines	6.4	31%	−6%
Other Sales	0.4	2%	+4%
Cost of revenue	−13.9	67%
Gross profit	7	33% margin	+0pp
SG&A	−4	19%	+1pp
Other	−0.4	2%	+0pp
Operating profit	2.5	12% margin	−1pp
Tax	−0.6
Interest & other costs	−0.3
Net profit	1.6	8%	+0pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q1 FY26	Jan 31 – May 1, 2026	May 28, 2026	$23.1B	+10%	11%	$1.6B	7%
Q3 FY25	Oct 31, 2025	Nov 26, 2025	$20.8B	+3%	12%	$1.6B	8%
Q2 FY25	May 3 – Aug 1, 2025	Aug 28, 2025	$24B	+2%	15%	$2.4B	10%
Q1 FY25	Feb 1 – May 2, 2025	May 29, 2025	$20.9B	−2%	12%	$1.6B	8%