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Best Buy (BBY) stock

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NYSE: BBY NYSE Computer & Electronics Retail Next results ~November 24, 2026

C+ Fundamentals grade

Best Buy is a consumer technology retailer that was incorporated in Minnesota in 1966 and operates in the United States and Canada. It sells products across six categories: computing and mobile phones, consumer electronics, appliances, entertainment, services and other items such as baby and food and beverage. Alongside the Best Buy name, it owns brands including Geek Squad, Insignia, Lively, Jitterbug, Yardbird, Pacific Kitchen and Home, and Best Buy Health.

Customers reach the company online, in its stores or by inviting its teams into their homes, under an omnichannel model. Besides product sales, it earns money from services including advertising, delivery, installation, repair, warranty-related services, memberships and marketplace commissions.

The business is run through two reportable segments: Domestic, covering US operations and Best Buy Health, and International, covering Canada. At the end of fiscal 2026 it operated 1,068 stores and employed roughly 82,000 people. Its 20 largest suppliers provided about 80% of merchandise purchased, with Apple, Samsung, HP, LG and Sony together accounting for around 55%.

Based on Best Buy's 10-K filed March 18, 2026.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$120

Cash-flow model

Base case. Range ~$87–$150 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 16% below our base value.

Price used: $96.14, November 2, 2026

Best Buy valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 7 selling0 purchases and 26 sales by directors and officers, last 12 monthsInsider trades
  • Funds442 adding, 444 cuttingOf 72 active managers that changed their stake, 41 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Best Buy files

Where Best Buy stands after its latest 10-Q

Revenue for the twelve months to August 2026 was $42.2bn, up 1.4% on a year earlier, about the same pace as a quarter earlier. That puts it 784 of 931 for growth among all the companies we cover. Free-cash-flow margin held at 4.2%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $111 a share, against a share price of $92.71. At that price, our model says the market is pricing in cash flow shrinking about 1.1% a year for five years, faster than the -4.0% a year revenue growth it has delivered.

Source: 10-Q filed September 4, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 24, 2026 (estimated)

Best Buy's trailing-twelve-month revenue grew 1.4% year on year, with a free-cash-flow margin of 4.2%. Where it stands out: stock pay as % of revenue of 0.3% ranks 63 of 403 consumer discretionary companies we cover.

Our discounted-cash-flow model values the business at ~$120 per share in the base case (~$87–$150 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 30.8% while net income grew 63.5%: a 33pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $96.14 is 20% below our value per share of $120.
  • Shrinking share count. Diluted shares fell 1.1% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Insiders selling. 7 insiders sold $195M of stock over the past 365 days and none bought (38% under pre-set trading plans).

Latest results: FY2027 Q2

Filed September 4, 2026
Earnings per share
$1.47 against an average estimate of $1.38: beat by 6.5%
Revenue
$9.78bn, up 3.6% on a year earlier
Share reaction
-5.7% in the first session after the results on August 27, 2026, against +0.4% for the S&P 500
Guidance given
revenue $42.3bn to $42.8bn (FY27); comparable sales % change growth 1.9% to 3% (FY27)
Next report
November 24, 2026; average EPS estimate $1.49

Best Buy's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.5%
  • 1 week-1.8%
  • 1 month+9.3%
  • This year+49.3%
  • 1 year+23.3%
  • 5 years-2.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$42.2B
Operating margin
4.1%
Net margin
3.0%
EPS (TTM, diluted)
$6.00

Growth

Revenue growth
+1.4%
Change in growth rate
+0.5 pts
Share count change
−1.1%

Cash

Free cash flow (TTM)
$1.8B
FCF margin
4.2%
Stock pay % of revenue
0.3%

Earnings

Last results
August 27, 2026
Next results (est.)
November 24, 2026

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement

    Best Buy launches Open More holiday campaign

    Best Buy said it has launched a new holiday marketing campaign called Open More. The initiative features television ads, creator partnerships with Dude Perfect and Marques Brownlee, and appearances at two Thanksgiving football games. The company also noted that 55% of Gen Z shoppers have bought gifts after seeing them on social media.

    Company releaseRead source ↗
  2. Announcement
  3. Announcement
  4. Announcement

    Best Buy launches new online gaming hub in beta

    Best Buy said it launched Best Buy Gamers in beta on 20 October 2026. The free digital experience on BestBuy.com and the app features content from IGN, personalized profiles and member offers. The company also announced a dedicated in-store gaming space in Torrance, Calif., opening this November.

    Company releaseRead source ↗
  5. Product

    Best Buy opens stores at midnight for Zelda launch

    Best Buy said nearly all US stores will open at midnight ET on Nov. 5 for the Ocarina of Time release. The retailer noted that Plus and Total members receive 10% back on pre-orders. Limited stock of the 40th Anniversary Edition Switch 2 System is also available.

    Company releaseRead source ↗
  6. Announcement
  7. Announcement
  8. Partnership
  9. Insider trade
  10. Announcement
  11. Insider trade
  12. Announcement
  13. Announcement
  14. Results
  15. Guidance
  16. Leadership
  17. Insider trade
  18. Insider trade

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Best Buy valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 1.8% a year for five years.That is close to the -4.0% a year revenue growth Best Buy has delivered.

  • Priced in-1.8%
  • Last 12 months1.4%
  • 3 years a year-1.7%
  • 5 years a year-4.0%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($93.80, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$120
Price used
$93.80close November 3, 2026
Implied change
▲ +23%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Best Buy's free cash flow after stock-based pay with after-tax interest added back ($1.4B, FY2027 Q2 TTM), growing 1.9% and 1.9% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$87–~$150 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Best Buy's free cash flow after stock-based pay ( $1.4B, FY2027 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Best Buy as an operating company, with every model that fits that kind of business. Cost of equity 8.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.81 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$120 ~$87–$150 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$93 ~$64–$150 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: return on equity above 40%: buybacks or intangibles make book value too small an anchor
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$100 ~$85–$120 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$110 ~$93–$120 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Best Buy with Consumer Discretionary sector in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +32%
  • Free-cash-flow margin 1 point lower ▼ −23%
  • Last year's free-cash-flow margin change, if it persists ▲ +27%
  • Discount rate 1 point higher ▼ −14%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $101$135$181$241$319$420
8.5% $79$103$136$179$235$306
10% $65$84$109$142$185$239

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$18.68$30.41$51.08$43.02$64.08$84.56$77.83$70.96$66.23$78.38$62.62$96.14
Market value$6.6bn$9.8bn$15.7bn$12.1bn$17.2bn$22.2bn$19.4bn$16.0bn$14.5bn$17.0bn$13.3bn$20.4bn
+ Net debt (− = net cash)−$2.0bn−$2.2bn−$1.1bn−$2.0bn−$2.2bn−$5.5bn−$2.9bn−$1.9bn−$1.4bn−$1.6bn−$1.7bn−$1.1bn
Enterprise value$4.6bn$7.6bn$14.6bn$10.1bn$15.0bn$16.7bn$16.5bn$14.1bn$13.0bn$15.4bn$11.5bn$19.3bn
Multiples
Price / sales 0.2x0.2x0.4x0.3x0.4x0.5x0.4x0.3x0.3x0.4x0.3x0.5x
Price / earnings 7.3x8.0x15.7x8.3x11.1x12.4x7.9x11.3x11.7x18.3x12.4x16.0x
Price / free cash flow 9.4x5.0x10.8x7.6x9.4x5.3x7.7x17.9x21.4x12.2x10.6x11.5x
EV / EBITDA 2.3x3.0x5.8x3.8x5.3x5.2x4.2x5.2x5.2x7.2x5.2x7.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

58 /100

Moderate moat

How hard Best Buy's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 14 / 20

    Cash operating profit has been a median 11.3% of total assets over 10 years.

  • Pricing power 9 / 20

    Gross margin has been a median 22.7%, moving by 0.6 percentage points (standard deviation) across 10 years.

  • Durability 8 / 20

    Operating margin has been a median 4.4%; its worst year was 2.5%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 10 of 10 years, at a median 3.3% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 18.4% over five years; stock-based pay has been a median 0.3% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (63 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 24, 2026, before the open. Analysts expect revenue of $9.9bn and EPS of $1.49 (range $1.37 to $1.55) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $6.83 +6% $42.7bn +2%
Next $7.22 +6% $43.4bn +2%

Next year's EPS estimate has moved +2.1% in 90 days, across 23 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +4.2% on 90 days ago. In the last 30 days, 20 analysts raised Best Buy's forecast and 0 cut it.

Consensus EPS forecast Best Buy, last 90 days
$6.40 $6.60 $6.80 $7.00 $7.20 $7.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $6.55 Current fiscal year, 60 days ago: $6.58 Current fiscal year, 30 days ago: $6.83 Current fiscal year, 7 days ago: $6.83 Current fiscal year, Now: $6.83 $6.83 Next fiscal year, 90 days ago: $7.07 Next fiscal year, 60 days ago: $7.07 Next fiscal year, 30 days ago: $7.21 Next fiscal year, 7 days ago: $7.21 Next fiscal year, Now: $7.22 $7.22

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $6.55$7.07
60 days ago $6.58$7.07
30 days ago $6.83$7.21
7 days ago $6.83$7.21
Now $6.83$7.22

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $1.38 $1.47 +6.5%
Apr 2026 $1.23 $1.28 +4.3%
Jan 2026 $2.47 $2.61 +5.8%
Oct 2025 $1.31 $1.40 +6.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 27, 2026
  • Revenue FY27 $42.3bn to $42.8bn Raised
    “Revenue of $42.3 billion to $42.8 billion, compared to prior guidance of $41.2 billion to $42.1 billion” source
  • Adjusted diluted EPS FY27 $6.70 to $6.90 Non-GAAP Raised
    “Adjusted diluted EPS 2 of $6.70 to $6.90, compared to prior guidance of $6.30 to $6.60” source
  • Adjusted operating income rate FY27 4.4% to 4.5% Non-GAAP Raised
    “Adjusted operating income rate 2 of 4.4% to 4.5%, compared to prior guidance of 4.3% to 4.4%” source
  • adjusted operating income rate Q3 FY27 4.1% to 4.2% Non-GAAP
    “The company expects Q3 FY27 comparable sales to be in the range of 1.0% to 3.0% and adjusted operating income rate to be in the range of 4.1% to 4.2%.” source
  • Comparable sales % change FY27 1.9% growth to 3% growth Raised
    “Comparable sales % change 1 of 1.9% to 3.0%, compared to prior guidance of (1.0%) to 1.0%” source
  • Adjusted effective income tax rate FY27 about 25.5% Non-GAAP Maintained
    “Adjusted effective income tax rate 2 of approximately 25.5%, which is unchanged” source
Show 2 more items
  • Capital expenditures FY27 about $750m Maintained
    “Capital expenditures of approximately $750 million, which is unchanged” source
  • comparable sales Q3 FY27 1% growth to 3% growth
    “The company expects Q3 FY27 comparable sales to be in the range of 1.0% to 3.0% and adjusted operating income rate to be in the range of 4.1% to 4.2%.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Best Buy's revenue by +1.9% next year and +1.9% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+1.9%, weight 57%) , management guidance (+1.6%, weight 18%) and the company's own record (+2.0%, weight 25%) . How the weights are set.

Analyst recommendations

25 analysts, Oct 2026
Buy416%
Hold1976%
Sell28%

Monthly trend

  1. Oct 202641925
  2. Sep 202641925
  3. Aug 202651825
  4. Jul 202651824

Counts of recommendations published by analysts covering Best Buy, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
8.9%
of tradable shares
Days to cover
5.17
at average volume
Short interest, 1 month
+4%
to October 15, 2026
Held by institutions
97%
of shares
Held by insiders
6.5%
of shares
Employees
82,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +23.3%

$77.99 on October 31, 2025 to $96.14

ThenNowEffect
Revenue (last 12 months) $41.6bn $42.2bn +1.4%
Net margin 1.9% 3.0% +61.2%
P/E multiple 21.5x 16.0x −25.5%
Share count 214m 212m +1.1%

Biggest factor: net margin.

Last 3 years +65.6%

$58.06 on November 3, 2023 to $96.14

ThenNowEffect
Revenue (last 12 months) $44.4bn $42.2bn −4.9%
Net margin 2.9% 3.0% +3.7%
P/E multiple 10.0x 16.0x +60.4%
Share count 222m 212m +4.7%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
BBY+4%−18%+3%+14%−18%+49%
Industry peers (median)——————
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
BBY42%25%42%58%50%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
BBY−30%−41%−29%−17%−38%−22%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 53% from November 22, 2021 to October 20, 2022. Getting back needed a 111% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$54.22 – $100.39
From 52-week high
−4.2%
vs 50-day average
+6.5%
vs 200-day average
+29.8%
Volatility (1 year)
38%
Beta vs S&P 500
0.48

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±8.8%
After a week
7 up, 5 down
typical move ±6.2%
After a month
8 up, 4 down
typical move ±9.3%
Results releasedNext dayS&P 500 next day5 days21 days
August 27, 2026 −5.7% +0.4% +0.1% +3.9%
May 28, 2026 +20.8% +0.8% +10.0% +21.9%
March 3, 2026 +9.4% −0.2% +5.2% +6.0%
November 25, 2025 +7.1% +1.6% −1.6% −6.7%
August 28, 2025 −2.4% −0.2% +1.0% +1.6%
May 29, 2025 −7.3% +0.3% −1.5% −4.8%
March 4, 2025 −12.9% −0.1% −13.7% −11.6%
November 26, 2024 −5.2% +0.2% −2.7% −4.4%
August 29, 2024 +14.4% +1.0% +12.2% +18.8%
May 30, 2024 +18.0% +0.2% +22.6% +15.6%
February 29, 2024 −2.2% +1.3% −0.2% +3.7%
November 21, 2023 −0.1% +0.2% +3.9% +12.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Best Buy’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Includes results

A results date falls inside these options’ life. Implied volatility is meant to be higher for that, so we do not call it rich.

  • Implied is 1.35× the last 60 days’ realised volatility .
  • Why: an earnings date falls inside the option's life, so implied volatility is expected to be high.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Best Buy in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Best Buy
$41B $42B $43B $44B FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue (TTM), FY24 Q3: $43.5B Revenue (TTM), FY24 Q4: $43.5B Revenue (TTM), FY25 Q1: $42.8B Revenue (TTM), FY25 Q2: $42.5B Revenue (TTM), FY25 Q3: $42.2B Revenue (TTM), FY25 Q4: $41.5B Revenue (TTM), FY26 Q1: $41.4B Revenue (TTM), FY26 Q2: $41.6B Revenue (TTM), FY26 Q3: $41.8B Revenue (TTM), FY26 Q4: $41.7B Revenue (TTM), FY27 Q1: $41.9B Revenue (TTM), FY27 Q2: $42.2B $42.2B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY24 Q3 $43.5B
FY24 Q4 $43.5B
FY25 Q1 $42.8B
FY25 Q2 $42.5B
FY25 Q3 $42.2B
FY25 Q4 $41.5B
FY26 Q1 $41.4B
FY26 Q2 $41.6B
FY26 Q3 $41.8B
FY26 Q4 $41.7B
FY27 Q1 $41.9B
FY27 Q2 $42.2B
Revenue growth, TTM YoY Best Buy
-10% -5% 0% 5% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue growth, TTM YoY, FY24 Q3: -9.2% Revenue growth, TTM YoY, FY24 Q4: -6.1% Revenue growth, TTM YoY, FY25 Q1: -5.1% Revenue growth, TTM YoY, FY25 Q2: -4.1% Revenue growth, TTM YoY, FY25 Q3: -3.0% Revenue growth, TTM YoY, FY25 Q4: -4.4% Revenue growth, TTM YoY, FY26 Q1: -3.2% Revenue growth, TTM YoY, FY26 Q2: -2.2% Revenue growth, TTM YoY, FY26 Q3: -0.9% Revenue growth, TTM YoY, FY26 Q4: 0.4% Revenue growth, TTM YoY, FY27 Q1: 1.0% Revenue growth, TTM YoY, FY27 Q2: 1.4% 1.4%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q3 -9.2%
FY24 Q4 -6.1%
FY25 Q1 -5.1%
FY25 Q2 -4.1%
FY25 Q3 -3.0%
FY25 Q4 -4.4%
FY26 Q1 -3.2%
FY26 Q2 -2.2%
FY26 Q3 -0.9%
FY26 Q4 0.4%
FY27 Q1 1.0%
FY27 Q2 1.4%
Operating margin (TTM) Best Buy
2% 2.5% 3% 3.5% 4% 4.5% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Operating margin (TTM), FY24 Q3: 3.7% Operating margin (TTM), FY24 Q4: 3.6% Operating margin (TTM), FY25 Q1: 3.7% Operating margin (TTM), FY25 Q2: 3.8% Operating margin (TTM), FY25 Q3: 3.8% Operating margin (TTM), FY25 Q4: 3.0% Operating margin (TTM), FY26 Q1: 2.8% Operating margin (TTM), FY26 Q2: 2.5% Operating margin (TTM), FY26 Q3: 2.1% Operating margin (TTM), FY26 Q4: 3.3% Operating margin (TTM), FY27 Q1: 3.7% Operating margin (TTM), FY27 Q2: 4.1% 4.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q3 3.7%
FY24 Q4 3.6%
FY25 Q1 3.7%
FY25 Q2 3.8%
FY25 Q3 3.8%
FY25 Q4 3.0%
FY26 Q1 2.8%
FY26 Q2 2.5%
FY26 Q3 2.1%
FY26 Q4 3.3%
FY27 Q1 3.7%
FY27 Q2 4.1%
FCF margin (TTM) Best Buy
1% 2% 3% 4% 5% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 FCF margin (TTM), FY24 Q3: 3.2% FCF margin (TTM), FY24 Q4: 1.6% FCF margin (TTM), FY25 Q1: 2.8% FCF margin (TTM), FY25 Q2: 3.2% FCF margin (TTM), FY25 Q3: 2.4% FCF margin (TTM), FY25 Q4: 3.4% FCF margin (TTM), FY26 Q1: 3.0% FCF margin (TTM), FY26 Q2: 3.3% FCF margin (TTM), FY26 Q3: 3.6% FCF margin (TTM), FY26 Q4: 3.0% FCF margin (TTM), FY27 Q1: 3.8% FCF margin (TTM), FY27 Q2: 4.2% 4.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q3 3.2%
FY24 Q4 1.6%
FY25 Q1 2.8%
FY25 Q2 3.2%
FY25 Q3 2.4%
FY25 Q4 3.4%
FY26 Q1 3.0%
FY26 Q2 3.3%
FY26 Q3 3.6%
FY26 Q4 3.0%
FY27 Q1 3.8%
FY27 Q2 4.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-KT, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Best Buy took in during FY2026, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $41.7B
  2. Cost of revenue $32.3B · 77.5%
  3. Gross profit $9.4B · 22.5%
  4. Selling, general and admin $7.6B · 18.3%
  5. Other operating costs $361M · 0.9%
  6. Operating income $1.4B · 3.3%
  7. Income tax $337M · 0.8%
  8. Net income $1.1B · 2.6%

Shares of revenue. Source: Best Buy's 10-K for FY2026, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Feb 2009 2011 Feb 2010 2012 Jan 2012 2013 Feb 2013 2014 Feb 2014 2015 Jan 2015 2016 Jan 2016 2017 Jan 2017 2018 Feb 2018 2019 Feb 2019 2020 Feb 2020 2021 Jan 2021 2022 Jan 2022 2023 Jan 2023 2024 Feb 2024 2025 Feb 2025 2026 Jan 2026 LTM Aug 2026
Income
Revenue 45.0 49.2 41.3 38.3 40.6 40.3 39.5 39.4 42.2 42.9 43.6 47.3 51.8 46.3 43.5 41.5 41.7 42.2
Gross profit 11.0 12.0 9.9 9.0 9.4 9.0 9.2 9.4 9.9 10.0 10.0 10.6 11.6 9.9 9.6 9.4 9.4 9.6
EBITDA 2.6 3.2 2.7 0.9 1.8 2.1 2.0 2.5 2.5 2.7 2.8 3.2 3.9 2.7 2.5 2.1 2.2 2.5
Operating income 1.9 2.4 1.9 0.1 1.1 1.5 1.4 1.9 1.8 1.9 2.0 2.4 3.0 1.8 1.6 1.3 1.4 1.7
Net income 1.0 1.3 −1.4 −0.4 0.5 1.2 0.9 1.2 1.0 1.5 1.5 1.8 2.5 1.4 1.2 0.9 1.1 1.3
Diluted EPS $2.39 $3.10 −$3.72 −$1.30 $1.53 $3.49 $2.56 $3.81 $3.26 $5.20 $5.75 $6.84 $9.84 $6.29 $5.68 $4.28 $5.04 $6.00
Growth (year on year)
Revenue +12.5% +9.4% −16.1% −7.4% +6.2% −0.7% −2.0% −0.3% +7.0% +1.7% +1.8% +8.3% +9.5% −10.6% −6.1% −4.4% +0.4% +1.4%
EBITDA −5.1% +23.3% −15.5% −67.4% +108.7% +14.1% −3.5% +23.4% +0.7% +5.7% +5.7% +14.5% +21.0% −30.6% −8.0% −14.8% +4.3% +32.8%
Operating income −13.5% +26.6% −19.8% −95.3% — +26.7% −5.2% +34.8% −0.6% +3.1% +5.7% +19.0% +27.1% −40.9% −12.3% −19.8% +10.1% +64.9%
Net income −28.7% +31.3% −208.2% — — — −27.3% +36.9% −18.6% +46.4% +5.3% +16.7% +36.5% −42.2% −12.5% −25.3% +15.3% —
Diluted EPS −23.4% +29.7% −220.0% — — — −26.6% +48.8% −14.4% +59.5% +10.6% +19.0% +43.9% −36.1% −9.7% −24.6% +17.8% —
Margins
Gross margin 24.4% 24.5% 24.0% 23.6% 23.1% 22.4% 23.3% 24.0% 23.4% 23.2% 23.0% 22.4% 22.5% 21.4% 22.1% 22.6% 22.5% 22.7%
EBITDA margin 5.8% 6.5% 6.6% 2.3% 4.5% 5.2% 5.1% 6.4% 6.0% 6.2% 6.5% 6.8% 7.6% 5.9% 5.7% 5.1% 5.3% 5.9%
Operating margin 4.2% 4.8% 4.6% 0.2% 2.8% 3.6% 3.5% 4.7% 4.4% 4.4% 4.6% 5.1% 5.9% 3.9% 3.6% 3.0% 3.3% 4.1%
Net margin 2.2% 2.7% −3.4% −1.2% 1.3% 3.1% 2.3% 3.1% 2.4% 3.4% 3.5% 3.8% 4.7% 3.1% 2.9% 2.2% 2.6% 3.0%
Free-cash-flow margin 1.3% 3.2% 5.8% 2.0% 1.3% 3.4% 1.8% 5.0% 3.4% 3.7% 4.2% 8.9% 4.9% 1.9% 1.6% 3.4% 3.0% 4.2%
Cash flow
Cash from operations 1.9 2.2 3.1 1.5 1.1 1.9 1.3 2.6 2.1 2.4 2.6 4.9 3.3 1.8 1.5 2.1 2.0 2.5
Capital spending 1.3 0.6 0.7 0.7 0.5 0.6 0.6 0.6 0.7 0.8 0.7 0.7 0.7 0.9 0.8 0.7 0.7 0.7
Free cash flow 0.6 1.6 2.4 0.7 0.5 1.4 0.7 2.0 1.5 1.6 1.8 4.2 2.5 0.9 0.7 1.4 1.3 1.8
Stock-based pay 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Free cash flow after stock pay 0.5 1.5 2.3 0.6 0.5 1.3 0.6 1.9 1.3 1.5 1.7 4.1 2.4 0.8 0.5 1.3 1.1 1.6
Balance sheet
Cash — — 1.4 1.8 2.7 2.4 2.0 2.2 1.1 2.0 2.2 5.5 2.9 1.9 1.4 1.6 1.7 2.3
Total debt 2.0 1.8 — — — — — — — — — — — — — — — 1.2
Net debt (negative = net cash) — — −1.4 −1.8 −2.7 −2.4 −2.0 −2.2 −1.1 −2.0 −2.2 −5.5 −2.9 −1.9 −1.4 −1.6 −1.7 −1.1
Diluted shares 423m 428m 382m 339m 348m 354m 351m 323m 307m 281m 268m 263m 249m 226m 219m 217m 212m 212m
Returned to shareholders
Dividends 0.2 0.2 0.2 0.2 0.2 0.3 0.5 0.5 0.4 0.5 0.5 0.6 0.7 0.8 0.8 0.8 0.8 0.8
Buybacks — 0.0 1.4 0.1 0.0 0.0 1.0 0.7 2.0 1.5 1.0 0.3 3.5 1.0 0.3 0.5 0.3 0.1
Total returned 0.2 0.2 1.6 0.3 0.2 0.3 1.5 1.2 2.4 2.0 1.5 0.9 4.2 1.8 1.1 1.3 1.1 0.9

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

6 of 6 checks passed · August 1, 2026
What it owns · $16.1bn
Short-term assets $10.0bnLonger-term assets $6.1bn
What it owes, and who funded it · $12.1bn
Short-term liabilities $8.9bnShareholders' equity $3.2bn
  • Short-term assets cover short-term liabilities $10.0bn of assets due within a year against $8.9bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $2.3bn of cash against $1.2bn of debt.
  • Debt below 40% of shareholders' equity Debt is 36% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 40% to 36% over five years.
  • A year's operating cash flow covers at least 20% of debt $2.5bn of operating cash flow against $1.2bn of debt.
  • Operating profit covers interest at least five times over Operating income of $1.7bn against $45m of interest.

From Best Buy's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2027 Q2 TTM
Buybacks (TTM)
$144M
Dividends (TTM)
$803M
Returned to shareholders
54%
of free cash flow
Buybacks, last 3 fiscal years
$1.1B
Diluted share count
−1.1%
year over year
Total shareholder yield
4.7%
dividends 4.0% + buybacks 0.7% of market value
Dividend payout ratio
63%
of net income paid out
Sales & admin spending
18.3%
of revenue

Competitors: side by side with peers

Closest by revenue in computer & electronics retail
Last 12 months unless stated BBY MGA NKE SBUX LAD CPNG Median
Revenue, last 12 months $42.2bn $42.0bn $45.9bn $38.3bn $38.2bn $35.5bn $1.4bn
Revenue growth, last 12 months 1.4% −1.9% −1.2% 4.5% 1.6% 9.9% 4.2%
Revenue growth, 3-year average −1.7% 6.4% −3.8% 3.1% 8.0% 17.1% 2.4%
Revenue growth, latest quarter 3.6% — −4.3% −1.4% 2.8% 3.9% 3.6%
Gross margin 22.7% 14.3% 43.1% 72.3% 15.1% 28.4% 37.5%
Operating margin 4.1% — — 7.8% 4.0% −1.8% 4.2%
Operating margin, 3-year average 3.4% — — 11.5% 4.3% 0.4% 4.5%
Net margin 3.0% 2.0% 6.7% 5.2% 2.1% −2.2% 2.4%
Cash from operations / revenue 5.9% 8.6% 6.1% 13.0% −0.2% 4.0% 7.8%
Free-cash-flow margin 4.2% 5.4% 4.6% 9.5% −1.1% 0.3% 4.1%
Free-cash-flow margin, 3-year average 3.6% 4.6% 8.5% 8.7% −0.7% 2.7% 4.1%
Stock pay / revenue 0.3% 0.1% 1.5% 1.0% 0.1% 1.5% 0.8%
Change in share count −1.1% −1.5% 0.0% 0.3% −11.8% −0.6% 0.0%

Median of all 454 companies we cover in computer & electronics retail. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

454 consumer discretionary companies
Measure Company Peer median Rank
Revenue growth Growth 1.4% 4.3% 277 of 452
Change in growth rate Growth +0.5pp -0.0pp 197 of 452
Gross margin Profitability 22.7% 37.1% 264 of 355
Operating margin Profitability 4.1% 4.1% 208 of 415
Net margin Profitability 3.0% 2.5% 211 of 454
Free-cash-flow margin Cash generation 4.2% 4.1% 220 of 449
Stock pay as % of revenue Cash generation 0.3% 0.8% 63 of 403
Long-term debt as % of assets Balance sheet 7.2% 18.2% 88 of 317
Change in share count Balance sheet -1.1% 0.0% 161 of 408

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to January 31, 2026
Segments
Line of business Revenue Share YoY
Domestic $38.3B 91.8% ▲ 0.1%
International $3.4B 8.2% ▲ 3.7%
Geography
Region Revenue Share YoY
United States $38.3B 91.8% ▲ 0.1%
Canada $3.4B 8.2% ▲ 3.7%

From Best Buy's 10-K filed March 18, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$15B
Institutions reporting
866
Shares held vs prior quarter
▼ 0.5%
Positions opened / closed
113 / 117

Top buyers and sellers, Q2 2026: 442 institutions bought and 444 sold ; the biggest buyer was Citadel Advisors LLC (+2.8M shares) and the biggest seller Raymond James Financial Inc (−3.2M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.9B 25.5M 12.9% ▲ 0.2%
State Street Corp $1.1B 14.0M 7.2% ▲ 6.4%
Vanguard Capital Management LLC $981M 12.9M 6.6% ▲ 1.1%
Vanguard Portfolio Management LLC $700M 9.2M 4.7% ▼ 5.6%
Geode Capital Management, LLC $618M 8.0M 4.1% ▲ 3.8%
Charles Schwab Investment Management Inc $522M 6.9M 3.5% ▲ 11.4%
Invesco Ltd. $385M 5.1M 2.6% ▼ 7.7%
Jpmorgan Chase & Co $376M 4.8M 2.5% ▼ 5.7%
Goldman Sachs Group Inc $335M 4.4M 2.2% ▲ 7.6%
AQR Capital Management LLC $289M 3.8M 1.9% ▼ 38.1%
Schroder Investment Management Group $281M 3.7M 1.9% ▼ 10.6%
Morgan Stanley $281M 3.7M 1.9% ▼ 10.1%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Best Buy's complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $195M 26 trades by 7 insiders · 38% under pre-set plans
Net ▼ $195M net selling
Insider Date Trade Shares Price Value
Scarlett Kathleen SEVP, CHRO September 23, 2026 Sell 88,110 $92.07 $8.1M
Scarlett Kathleen SEVP, CHRO September 23, 2026 Sell 27,952 $92.41 $2.6M
Schulze Richard M 10% owner September 16, 2026 Sell 247,340 $92.43 $22.9M
Schulze Richard M 10% owner September 16, 2026 Sell 52,660 $92.90 $4.9M
Schulze Richard M 10% owner July 14, 2026 Sell pre-set plan 107,534 $82.82 $8.9M
Schulze Richard M 10% owner July 14, 2026 Sell pre-set plan 88,288 $81.73 $7.2M
Schulze Richard M 10% owner July 14, 2026 Sell pre-set plan 62,072 $80.88 $5M
Schulze Richard M 10% owner July 14, 2026 Sell pre-set plan 42,106 $83.63 $3.5M
Schulze Richard M 10% owner July 13, 2026 Sell pre-set plan 336,006 $82.50 $27.7M
Schulze Richard M 10% owner July 13, 2026 Sell pre-set plan 252,380 $81.78 $20.6M
Schulze Richard M 10% owner July 13, 2026 Sell pre-set plan 11,614 $83.44 $969,119
Schulze Richard M 10% owner June 26, 2026 Sell 224,705 $78.10 $17.6M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 20 trades and filings

No trades in Best Buy disclosed in the last 12 months; 20 earlier trades on record.

  • Robert P. Bresnahan, Jr.(R-PA 8):Sale (full), $1,001 - $15,000, traded April 8, 2025, filed April 28, 2025
  • Jared Moskowitz(D-FL 23):Sale (full), $1,001 - $15,000, traded July 1, 2024, filed August 6, 2024
  • Michael C. Burgess(R-TX 26):Sale (full), $15,001 - $50,000, traded February 26, 2024, filed March 7, 2024

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 24, 2026 estimated from the company's past filing pattern, not announced

  • August 27, 2026
  • May 28, 2026
  • March 3, 2026
  • November 25, 2025
  • August 28, 2025
  • May 29, 2025

Recent SEC filings

Data status

When each part of this page on Best Buy was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Best Buy in brief

What does Best Buy do?
Best Buy is a US-listed company in the computer & electronics retail industry. Its financial year ends in January.
What is Best Buy's stock ticker?
Best Buy trades under the ticker BBY on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Best Buy's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Best Buy reported revenue of $42.2B, 1.4% higher than a year earlier, according to its SEC filings.
What is Best Buy's free cash flow?
Best Buy's free-cash-flow margin is 4.2% of revenue over the trailing twelve months, ranking 220 of the 449 consumer discretionary companies we cover.
What is Best Buy's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Best Buy's free cash flow after stock-based pay gives ~$120 per share in the base case, and ~$87–$150 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Best Buy's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., State Street Corp and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Best Buy buying back stock, and does it pay a dividend?
Best Buy spent $144M on share repurchases over the trailing twelve months, and its diluted share count fell 1.1% over the year.
What is Best Buy's market cap?
On November 2, 2026, Best Buy's market capitalisation was about $20.4B, with a price-to-earnings ratio of 16.0 and net debt of -$1.1B. Market figures come from third-party market data and may be delayed.
Does Best Buy pay a dividend?
Yes: Best Buy paid $803M in dividends over the trailing twelve months, a dividend yield of 3.97% and a payout ratio of 63.1%.
How much debt does Best Buy have?
Best Buy's debt-to-equity ratio is 36.4%, from its latest balance sheet (40.3% five years earlier). The financial health section below sets out its other solvency checks.
Who are Best Buy's competitors?
In our Computer & Electronics Retail peer group, the companies closest to Best Buy are Magna International Inc, Nike, Inc., Starbucks, Lithia Motors Inc and Coupang, Inc. The side-by-side comparison below sets their revenue, margins and growth against Best Buy's.
Are insiders buying or selling Best Buy stock?
Over the last 12 months, Best Buy's directors and officers reported 0 open-market purchases and 26 sales on Form 4. The insider trading page charts every trade.
When is Best Buy's next earnings date?
Around November 24, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Best Buy announces its own schedule.