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Consumer Discretionary
Lowe's
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Q4 FY24
Q1 FY25
Q2 FY25
Q3 FY25
Q4 FY25
Q1 FY26
Q2 FY26
›
Q2 FY26
May 2 – Jul 31, 2026
reported Aug 27, 2026
Revenue $25.96B
+8% year over year
Gross profit $8.58B
33% margin
Operating profit $3.55B
14% margin
Net profit $2.40B
9% margin
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The numbers behind the diagram
All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jul 31, 2026).
Item Value Share of revenue Year over year
Revenue
25.96
100%
+8%
Hardlines
7.95
31%
+2%
Home decor
7.82
30%
−6%
Building products
7.55
29%
+7%
Other segment net sales
1.94
7%
Other revenue
0.69
3%
Canada
0.07
0%
Other and unallocated
−0.07
0%
Cost of revenue −17.38 67%
Gross profit 8.58 33% margin −1pp
SG&A −4.46 17% +0pp
Other −0.57 2% +0pp
Operating profit 3.55 14% margin −1pp
Interest & other costs −0.37
Tax −0.78
Net profit 2.40
9% margin −1pp
Figures are rounded to the precision shown, so a column can differ slightly from its own total.
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%
Cost of revenue −15.5 67%
Gross profit 7.5 33% margin −1pp
SG&A −4.4 19% +0pp
Other −0.6 3% +0pp
Operating profit 2.6 11% margin −1pp
Interest & other costs −0.4
Tax −0.5
Net profit 1.6
7% margin −1pp
Figures are rounded to the precision shown, so a column can differ slightly from its own total.
All figures in billions of U.S. dollars, for Q4 FY25 (period ends Jan 30, 2026).
Item Value Share of revenue Year over year
Revenue
20.6
100%
+11%
Cost of revenue −13.9 68%
Gross profit 6.7 32% margin
SG&A −4.4 21% +1pp
Other −0.6 3% +0pp
Operating profit 1.7 8% margin −2pp
Interest & other costs −0.4
Tax −0.3
Net profit 1.0
5% margin −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
20.81
100%
+3%
Home decor
7.80
37%
+3%
Building products
6.88
33%
+2%
Hardlines
5.12
25%
−4%
Other sales
1.02
5%
+78%
Cost of revenue −13.70 66%
Gross profit 7.12 34% margin +0pp
SG&A −4.16 20% +1pp
Other −0.48 2% +0pp
Operating profit 2.48 12% margin −1pp
Interest & other costs −0.35
Tax −0.51
Net profit 1.62
8% margin −1pp
Figures are rounded to the precision shown, so a column can differ slightly from its own total.
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
23.96
100%
+2%
Home decor
8.36
35%
+2%
Hardlines
7.82
33%
+1%
Building products
7.08
29%
+0%
Other sales
0.70
3%
+15%
Cost of revenue −15.86 66%
Gross profit 8.10 34% margin +0pp
SG&A −4.18 17% +0pp
Other −0.46 2% +0pp
Operating profit 3.47 14% margin +0pp
Interest & other costs −0.31
Tax −0.76
Net profit 2.40
10% margin +0pp
Figures are rounded to the precision shown, so a column can differ slightly from its own total.
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
20.93
100%
−2%
Home decor
7.55
36%
−1%
Building products
6.56
31%
+1%
Hardlines
6.40
31%
−6%
Other sales
0.42
2%
+4%
Cost of revenue −13.94 67%
Gross profit 6.99 33% margin +0pp
SG&A −4.05 19% +1pp
Other −0.45 2% +0pp
Operating profit 2.49 12% margin −1pp
Interest & other costs −0.34
Tax −0.52
Net profit 1.64
8% margin +0pp
Figures are rounded to the precision shown, so a column can differ slightly from its own total.
All figures in billions of U.S. dollars, for Q4 FY24 (period ends Jan 31, 2025).
Item Value Share of revenue Year over year
Revenue
18.55
100%
+0%
Home decor
7.48
40%
+0%
Building products
5.91
32%
+1%
Hardlines
4.58
25%
−3%
Other sales
0.58
3%
+3%
Cost of revenue −12.46 67%
Gross profit 6.10 33% margin +0pp
SG&A −3.82 21% +0pp
Other −0.45 2% +0pp
Operating profit 1.83 10% margin +1pp
Interest & other costs −0.33
Tax −0.38
Net profit 1.12
6% margin +1pp
Figures are rounded to the precision shown, so a column can differ slightly from its own total.
Quarter by quarter
Every set of results we hold, newest first. Open one on its own page. The arrow beside a quarter shows it in the diagram above.
Quarter
Period
Reported
Revenue
Year over year
Operating margin
Net profit
Net margin
Q2 FY26
May 2 – Jul 31, 2026
Aug 27, 2026
$26.0B
+8%
14%
$2.40B
9%
Q1 FY26
Jan 31 – May 1, 2026
May 28, 2026
$23.1B
+10%
11%
$1.63B
7%
Q4 FY25
Nov 1, 2025 – Jan 30, 2026
Mar 23, 2026
$20.6B
+11%
8%
$1.00B
5%
Q3 FY25
Aug 2 – Oct 31, 2025
Nov 26, 2025
$20.8B
+3%
12%
$1.62B
8%
Q2 FY25
May 3 – Aug 1, 2025
Aug 28, 2025
$24.0B
+2%
14%
$2.40B
10%
Q1 FY25
Feb 1 – May 2, 2025
May 29, 2025
$20.9B
−2%
12%
$1.64B
8%
Q4 FY24
Nov 2, 2024 – Jan 31, 2025
Mar 24, 2025
$18.6B
+0%
10%
$1.12B
6%
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