Lowe's Companies, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $86.29B | $86.29B | $83.67B | $97.06B | $97.06B | $89.60B | $72.15B | $72.15B |
| Home Decor | — | $31.53B | $30.86B | — | $35.36B | — | — | $25.43B |
| Building Products | — | $26.53B | $26.38B | — | $31.39B | — | — | $22.69B |
| Hardlines | — | $24.19B | $24.26B | — | $27.73B | — | — | $21.39B |
| Other | — | $4.04B | $2.18B | — | $2.59B | — | — | $2.64B |
| Cost of Revenue | $57.40B | $55.80B | $57.53B | $64.80B | $64.19B | $60.03B | $49.21B | $48.40B |
| Gross Profit | $28.89B | $27.88B | $28.84B | $32.26B | $32.06B | $29.57B | $22.94B | $22.91B |
| Gross Margin | 33.5% | 32.3% | 34.5% | 33.2% | 33.0% | 33.0% | 31.8% | 31.8% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $16.79B | $15.68B | $15.57B | $20.33B | $18.30B | $18.53B | $15.37B | $17.41B |
| Operating Income | $10.15B | $10.47B | $11.56B | $10.16B | $12.09B | $9.65B | $6.31B | $4.02B |
| Operating Margin | 11.8% | 12.1% | 13.8% | 10.5% | 12.5% | 10.8% | 8.8% | 5.6% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $8.75B | $9.15B | $10.18B | $9.04B | $11.21B | $7.74B | $5.62B | $3.39B |
| Income Tax Expense | $2.09B | $2.20B | $2.45B | $2.60B | $2.77B | $1.90B | $1.34B | $1.08B |
| Net Income | $6.65B | $6.96B | $7.73B | $6.44B | $8.44B | $5.84B | $4.28B | $2.31B |
| Net Margin | 7.7% | 8.1% | 9.2% | 6.6% | 8.7% | 6.5% | 5.9% | 3.2% |
| EPS (Basic) | $11.87 | $12.25 | $13.23 | $10.20 | $12.07 | $7.77 | $5.49 | $2.84 |
| EPS (Diluted) | $11.85 | $12.23 | $13.20 | $10.17 | $12.04 | $7.75 | $5.49 | $2.84 |
| Shares Outstanding (Basic) | 559.0M | 567.0M | 582.0M | 629.0M | 696.0M | 748.0M | 777.0M | 811.0M |
| Shares Outstanding (Diluted) | 560.0M | 568.0M | 584.0M | 631.0M | 699.0M | 750.0M | 778.0M | 812.0M |
| Dividends Per Share | $4.75 | $4.55 | $4.35 | $3.95 | $3.00 | $2.30 | $2.13 | $1.85 |