The Home Depot cash flow statement

In fiscal 2026, The Home Depot's operations generated $16.32bn of cash; it spent $3.68bn on capital projects, leaving free cash flow of $12.65bn. It returned $9.15bn in dividends.

Cash flow statement

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

The Home Depot: cash flow statement, annual
Fiscal year	2010Jan 2010	2011Jan 2011	2012Jan 2012	2013Feb 2013	2014Feb 2014	2015Feb 2015	2016Jan 2016	2017Jan 2017	2018Jan 2018	2019Feb 2019	2020Feb 2020	2021Jan 2021	2022Jan 2022	2023Jan 2023	2024Jan 2024	2025Feb 2025	2026Feb 2026	LTMAug 2026
Cash from operations	5.1	4.6	6.7	7.0	7.6	8.2	9.4	9.8	12.0	13.2	13.7	18.8	16.6	14.6	21.2	19.8	16.3	18.8
Depreciation and amortisation	1.8	1.7	1.7	1.7	1.8	1.8	1.9	2.0	2.1	2.2	2.3	2.5	2.9	2.8	3.1	3.3	3.5	3.5
Stock-based pay	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.3	0.3	0.3	0.3	0.3	0.4	0.4	0.4	0.4	0.5	0.6
Capital spending	1.0	1.1	1.2	1.3	1.4	1.4	1.5	1.6	1.9	2.4	2.7	2.5	2.6	3.1	3.2	3.5	3.7	3.7
Free cash flow	4.2	3.5	5.4	5.7	6.2	6.8	7.9	8.2	10.1	10.7	11.0	16.4	14.0	11.5	17.9	16.3	12.6	15.1
Free cash flow after stock pay	4.0	3.3	5.2	5.4	6.0	6.6	7.6	7.9	9.9	10.4	10.8	16.1	13.6	11.1	17.6	15.9	12.1	14.5
Dividends paid	1.5	1.6	1.6	1.7	2.2	2.5	3.0	3.4	4.2	4.7	6.0	6.5	7.0	7.8	8.4	8.9	9.2	9.2
Share buybacks	0.2	2.6	3.5	4.0	8.5	7.0	7.0	6.9	8.0	10.0	7.0	0.8	14.8	6.7	8.0	0.6	0.0	—
Shares issued	0.1	0.1	0.3	0.8	0.2	0.3	0.2	0.2	0.3	0.2	0.3	0.3	0.3	0.3	0.3	0.4	0.3	0.3

US$ millions unless shown otherwise. Fiscal quarters.

The Home Depot: cash flow statement, quarterly
Quarter	2025 Q3Oct 2024	2025 Q4Feb 2025	2026 Q1May 2025	2026 Q2Aug 2025	2026 Q3Nov 2025	2026 Q4Feb 2026	2027 Q1May 2026	2027 Q2Aug 2026
Cash from operations	4,233	4,671	4,325	4,643	4,010	3,347	6,032	5,390
Depreciation and amortisation	795	864	855	806	826	908	910	852
Stock-based pay	106	114	170	118	120	114	178	148
Capital spending	818	1,101	806	917	898	1,058	844	880
Free cash flow	3,415	3,570	3,519	3,726	3,112	2,289	5,188	4,510
Free cash flow after stock pay	3,309	3,456	3,349	3,608	2,992	2,175	5,010	4,362
Shares issued	21	164	11	152	22	129	33	159

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from The Home Depot's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to The Home Depot.