The Home Depot reported net sales of $45.3 billion for Q2 of fiscal 2025 and net earnings of $4.6 billion, or $4.58 per diluted share. The company cited incremental net sales of $1.8 billion from SRS, which it acquired on June 18, 2024, as a driver of the increase in net sales for Q2.

10-QQuarterly reportFiled Aug 26, 2025Period of report Aug 3, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

The Home Depot reported net sales of $45.3 billion for Q2 of fiscal 2025 and net earnings of $4.6 billion, or $4.58 per diluted share. The company cited incremental net sales of $1.8 billion from SRS, which it acquired on June 18, 2024, as a driver of the increase in net sales for Q2.
The Home Depot said comparable sales increased 1.0% in Q2, with comparable average ticket up 1.4% and comparable customer transactions down 0.4%. Online sales represented 15.6% of net sales in Q2.
The company reported cash provided by operating activities of $9.0 billion during the first 6 months of fiscal 2025, and said it paid cash dividends of $4.6 billion, funded capital expenditures of $1.7 billion, and repaid long-term debt of $1.2 billion.
The Home Depot entered into a definitive agreement to acquire GMS on June 29, 2025 for $110 per share in a cash tender offer, with an expected total equity value of approximately $4.3 billion. The company said it plans to fund the acquisition through a combination of cash on hand and borrowings under its commercial paper program.

Key figures

Quarter ended August 3, 2025

Revenue: $45.3B
Operating income: $6.6B
Net income: $4.6B
EPS: $4.58
Gross profit: $15.1B

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 the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q2 Net Sales and Net Earnings

The Home Depot reported net sales of $45.3 billion for Q2 of fiscal 2025 and net earnings of $4.6 billion, or $4.58 per diluted share. The company cited incremental net sales of $1.8 billion from SRS, which it acquired on June 18, 2024, as a driver of the increase in net sales for Q2.

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

Q2 Sales Metrics

The Home Depot said comparable sales increased 1.0% in Q2, with comparable average ticket up 1.4% and comparable customer transactions down 0.4%. Online sales represented 15.6% of net sales in Q2.

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

6-Month Cash Flows and Use of Funds

The company reported cash provided by operating activities of $9.0 billion during the first 6 months of fiscal 2025, and said it paid cash dividends of $4.6 billion, funded capital expenditures of $1.7 billion, and repaid long-term debt of $1.2 billion.

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

GMS Acquisition Agreement and Financing

The Home Depot entered into a definitive agreement to acquire GMS on June 29, 2025 for $110 per share in a cash tender offer, with an expected total equity value of approximately $4.3 billion. The company said it plans to fund the acquisition through a combination of cash on hand and borrowings under its commercial paper program.

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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