Lowe's income statement

In fiscal 2026, Lowe's reported revenue of $86.29bn, up 3.1% on the year before, operating income of $10.15bn (a 11.8% margin) and net income of $6.65bn, or $11.85 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Lowe's: income statement, annual
Fiscal year	2010Jan 2010	2011Jan 2011	2012Feb 2012	2013Feb 2013	2014Jan 2014	2015Jan 2015	2016Jan 2016	2017Feb 2017	2018Feb 2018	2019Feb 2019	2020Jan 2020	2021Jan 2021	2022Jan 2022	2023Feb 2023	2024Feb 2024	2025Jan 2025	2026Jan 2026	LTMJul 2026
Revenue	47.2	48.8	50.2	50.5	53.4	56.2	59.1	65.0	68.6	71.3	72.1	89.6	96.3	97.1	86.4	83.7	86.3	90.4
Cost of revenue	30.8	31.7	32.9	33.2	34.9	36.7	38.5	43.3	46.2	48.4	49.2	60.0	64.2	64.8	57.5	55.8	57.4	60.5
Gross profit	16.5	17.2	17.4	17.3	18.5	19.6	20.6	21.7	22.4	22.9	22.9	29.6	32.1	32.3	28.8	27.9	28.9	29.9
Selling, general and administrative	11.7	12.0	12.6	12.2	12.9	13.3	14.1	14.4	14.4	17.4	15.4	18.5	18.3	20.3	15.6	15.7	16.8	17.4
Operating income	—	—	—	—	—	4.8	5.0	5.8	6.6	4.0	6.3	9.6	12.1	10.2	11.6	10.5	10.2	10.3
Interest expense	0.3	0.3	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Income before tax	2.8	3.2	2.9	3.1	3.7	4.3	4.4	5.2	5.5	3.4	5.6	7.7	11.2	9.0	10.2	9.2	8.7	8.8
Income tax	1.0	1.2	1.1	1.2	1.4	1.6	1.9	2.1	2.0	1.1	1.3	1.9	2.8	2.6	2.4	2.2	2.1	2.1
Net income	1.8	2.0	1.8	2.0	2.3	2.7	2.5	3.1	3.4	2.3	4.3	5.8	8.4	6.4	7.7	7.0	6.7	6.6
Diluted EPS	$1.21	$1.42	$1.43	$1.69	$2.14	$2.71	$2.73	$3.47	$4.09	$2.84	$5.49	$7.75	$12.04	$10.17	$13.20	$12.23	$11.85	$11.86
Diluted shares (average)	1,464m	1,403m	1,273m	1,152m	1,061m	990m	929m	881m	840m	812m	778m	750m	699m	631m	584m	568m	560m	560m
EBITDA	—	—	—	—	—	6.4	6.6	7.4	8.1	5.6	7.7	11.2	14.0	12.1	13.5	12.4	12.3	12.6

US$ billions unless shown otherwise. Fiscal quarters.

Lowe's: income statement, quarterly
Quarter	2025 Q3Nov 2024	2025 Q4Jan 2025	2026 Q1May 2025	2026 Q2Aug 2025	2026 Q3Oct 2025	2026 Q4Jan 2026	2027 Q1May 2026	2027 Q2Jul 2026
Revenue	20.2	18.6	20.9	24.0	20.8	20.6	23.1	26.0
Cost of revenue	13.4	12.5	13.9	15.9	13.7	13.9	15.5	17.4
Gross profit	6.8	6.1	7.0	8.1	7.1	6.7	7.5	8.6
Selling, general and administrative	3.8	3.8	4.0	4.2	4.2	4.4	4.4	4.5
Operating income	2.5	1.8	2.5	3.5	2.5	1.7	2.6	3.5
Income before tax	2.2	1.5	2.2	3.2	2.1	1.3	2.2	3.2
Income tax	0.5	0.4	0.5	0.8	0.5	0.3	0.5	0.8
Net income	1.7	1.1	1.6	2.4	1.6	1.0	1.6	2.4
Diluted EPS	$2.99	$2.01	$2.92	$4.27	$2.88	$1.78	$2.90	$4.27
EBITDA	3.0	2.3	3.0	3.9	3.0	2.3	3.2	4.1

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Lowe's'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 Lowe's.