Best Buy generated $41.5 billion in revenue in fiscal 2025, compared to $43.5 billion in fiscal 2024, which included approximately $735 million in revenue from the 53rd week. The company said comparable sales declined 2.3%.

10-KAnnual reportFiled Mar 19, 2025Period of report Feb 1, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

Best Buy generated $41.5 billion in revenue in fiscal 2025, compared to $43.5 billion in fiscal 2024, which included approximately $735 million in revenue from the 53rd week. The company said comparable sales declined 2.3%.
Best Buy recorded a goodwill impairment of $475 million related to its Best Buy Health reporting unit in its annual impairment review for Q4 of fiscal 2025. The company said the impairment primarily arose because the market did not grow as projected, and it revised downward its revenue growth rates and margin rates compared to prior projections.
In the Domestic segment, Best Buy said Computing and Mobile Phones comparable sales grew 3.4% and Services grew 8.4%, while Consumer Electronics declined 5.2%, Appliances declined 14.8% and Entertainment declined 11.9%.
The company said the board approved on March 4, 2025 an increase of 1% in the quarterly cash dividend to $0.95 per share. Best Buy also said there were no borrowings outstanding under its $1.25 billion Five-Year Facility Agreement as of February 1, 2025.

Key figures

Fiscal year ended February 1, 2025

Revenue: $41.5B
Operating income: $1.3B
Net income: $927M
EPS: $4.28
Gross profit: $9.4B
Operating cash flow: $2.1B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Annual Revenue and Comparable Sales

Best Buy generated $41.5 billion in revenue in fiscal 2025, compared to $43.5 billion in fiscal 2024, which included approximately $735 million in revenue from the 53rd week. The company said comparable sales declined 2.3%.

Source · Based on the MD&A text of the filing

Best Buy Health Goodwill Impairment

Best Buy recorded a goodwill impairment of $475 million related to its Best Buy Health reporting unit in its annual impairment review for Q4 of fiscal 2025. The company said the impairment primarily arose because the market did not grow as projected, and it revised downward its revenue growth rates and margin rates compared to prior projections.

Source · Based on the MD&A text of the filing

Domestic Segment Comparable Sales by Category

In the Domestic segment, Best Buy said Computing and Mobile Phones comparable sales grew 3.4% and Services grew 8.4%, while Consumer Electronics declined 5.2%, Appliances declined 14.8% and Entertainment declined 11.9%.

Source · Based on the MD&A text of the filing

Quarterly Dividend Increase and Credit Facility

The company said the board approved on March 4, 2025 an increase of 1% in the quarterly cash dividend to $0.95 per share. Best Buy also said there were no borrowings outstanding under its $1.25 billion Five-Year Facility Agreement as of February 1, 2025.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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