How Home Depot Makes Money (2026)
Home Depot makes money mainly from Primary segment (The Home Depot). Its FY2025 total revenue was $164,683 million ($164.7 billion), with Primary segment (The Home Depot) the biggest disclosed revenue line at $151,966 million ($152.0 billion) and 92.3% of total revenue (computed from the 10-K FY2025). Home Depot earns revenue by selling merchandise and performing services.
Last checked 2026-10-18 on the official pages.
Revenue breakdown
Amounts in millions of USD. Shares are computed from the filing.
| Revenue line | Value | % of total | Filing |
|---|---|---|---|
| Primary segment (The Home Depot) | $151,966 million ($152.0 billion) | 92.3% | 10-K FY2025 ↗ |
| Other | $12,717 million ($12.7 billion) | 7.7% | 10-K FY2025 ↗ |
| Total revenue | $164,683 million ($164.7 billion) | — | 10-K FY2025 ↗ |
The hidden model
Home Depot earns revenue by selling merchandise and performing services.
Home Depot earns revenue by selling merchandise and performing services. verified
Revenue Recognition We recognize revenue, net of expected returns and sales tax, at the time the customer takes possession of merchandise or when a service is performed.
Business models
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Frequently asked questions
How does Home Depot make money?
Home Depot makes money mainly from Primary segment (The Home Depot). Its FY2025 total revenue was $164,683 million ($164.7 billion), with Primary segment (The Home Depot) the biggest disclosed revenue line at $151,966 million ($152.0 billion) and 92.3% of total revenue (computed from the 10-K FY2025). Home Depot earns revenue by selling merchandise and performing services.
What is Home Depot’s business model?
Home Depot’s business model is Retail Margin. Source or make products and sell them through stores or digital channels. Product mix, purchasing terms, inventory management, and distribution costs shape the margin. Home Depot earns revenue by selling merchandise and performing services.
What is Home Depot’s hidden model?
Home Depot earns revenue by selling merchandise and performing services.