Home Depot, Inc. reported a net sales increase of 3.2% for fiscal 2025, reaching $164.7 billion, compared to $159.5 billion in fiscal 2024. The company's net earnings for the year were $14.2 billion, or $14.23 per diluted share, reflecting a decrease from $14.9 billion, or $14.91 per diluted share, in the previous fiscal year. The growth in sales was primarily driven by the acquisitions of SRS and GMS, which contributed approximately $6.3 billion in incremental net sales. However, the company faced challenges from a high-interest rate environment and macroeconomic uncertainties that impacted customer transactions.
In terms of operational metrics, Home Depot's comparable sales increased by 0.3%, with a 1.4% rise in the average ticket size offset by a 1.0% decline in customer transactions. The company served approximately 1.6 billion customer transactions during the fiscal year, a decrease from 1.6 billion in fiscal 2024. Online sales represented 15.9% of total net sales, increasing by 8.7% compared to the previous year. The company opened 12 new stores, bringing the total to 2,359 locations across the U.S., Canada, and Mexico.
Strategically, Home Depot completed the acquisition of GMS on September 4, 2025, for approximately $5.5 billion, which included the repayment of certain GMS debt. This acquisition is expected to enhance Home Depot's position in the multi-category building materials distribution market. The company also continued to invest in its core operations, with $3.7 billion allocated to capital expenditures, focusing on store openings, maintenance, and enhancing the customer experience through technology and supply chain improvements.
Home Depot's employee headcount stood at approximately 472,400 at the end of fiscal 2025, with a significant portion of the workforce based in the U.S. The company emphasized its commitment to improving the associate experience and maintaining a safe working environment. Looking ahead, Home Depot plans to invest approximately $4 billion in capital expenditures for fiscal 2026, with a focus on driving growth and enhancing operational efficiency. The company also announced a 1.3% increase in its quarterly cash dividend to $2.33 per share, reflecting its ongoing commitment to returning value to shareholders.
About HOME DEPOT, INC.
The Home Depot, Inc. is the world's largest home improvement retailer, offering a broad range of building materials, appliances, decor, and MRO products through stores and online. Serving consumers and professionals, it provides products, installation services, tool rentals, and supply chain solutions. Its competitive advantages include a strong brand, extensive store network, integrated digital platforms, and a focus on customer experience, innovation, and operational efficiency.
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