Home Depot Q3 Sales Up 2.8%, Earnings Down 1.3%
Atlanta, GA, November 18, 2025-The Home Depot reported sales of $41.4 billion for Q3 2025, an increase of 2.8% from Q3 2024’s $42.5 billion. Total sales include approximately $900 million from the recent acquisition of GMS, which represents approximately eight weeks of sales in the quarter. Comparable sales for Q3 2025 increased 0.2%, and comparable sales in the U.S. increased 0.1%.
Net earnings for Q3 2025 were
For the first nine months of 2025, net sales were $126.5 billion, a 5.6% increase compared to net sales of $119.8 billion in the same period last year.
Net earnings for the first nine months of 2025 were $11.6 billion, down 1.9% from $11.8 billion in the same period last year.
"Our results missed our expectations primarily due to the lack of storms in the third quarter, which resulted in greater than expected pressure in certain categories. Additionally, while underlying demand in the business remained relatively stable sequentially, an expected increase in demand in the third quarter did not materialize. We believe that consumer uncertainty and continued pressure in housing are disproportionately impacting home improvement demand," said Ted Decker, chair, president and CEO. "Our teams are continuing to execute at a high level and we believe we are growing our market share. I would like to thank our associates for their continued hard work and dedication."