Home Depot stock holds firm on steady earnings

Home Depot (US4370761029) stock is anchored by fiscal 2024 sales of $159.5 billion and operating income of $21.5 billion, while the latest reported quarter delivered $39.9 billion in sales and $3.4 billion in operating income. The company’s scale and margin profile remain the main numbers to watch.

Fiscal 2024 sales at $159.5 billion

In fiscal 2024, Home Depot reported $159.5 billion in sales, compared with $152.7 billion in fiscal 2023, a year-over-year increase of about 4.5%. Operating income rose to $21.5 billion from $20.4 billion in fiscal 2023, showing that profitability expanded alongside revenue.

Net earnings in fiscal 2024 were $14.8 billion, versus $15.1 billion a year earlier, while diluted earnings per share were $14.91 compared with $15.11 in fiscal 2023. That mix matters for investors because sales growth alone did not translate into a higher bottom-line figure.

Quarterly sales top $39.9 billion

In the most recently reported quarter, Home Depot posted $39.9 billion in sales and $3.4 billion in operating income. Those figures point to a business that still generates large absolute profits even when demand is uneven across home-improvement categories.

The same quarter also carried a useful comparison point: sales were up from the prior-year quarter at $37.3 billion, an increase of roughly 7.0%. Operating income rose from $3.1 billion in the prior-year quarter, a gain of about 9.7%.

Retail scale still matters

Home Depot’s fiscal 2024 results show a business built on volume, with $159.5 billion in sales, $21.5 billion in operating income, and $14.8 billion in net earnings. The contrast between rising revenue and slightly lower net income highlights how expense and financing lines can shape the final result.

For a home-improvement retailer, that combination is often more important than a single quarter alone. A company that can hold multi-billion-dollar operating income while growing sales by 4.5% year over year still has considerable earnings power.

Pro services and categories

Home Depot’s product mix spans building materials, decor, maintenance, and professional contractor demand, with the professional customer base often viewed as a stabilizing factor. The company’s latest reported figures indicate that core categories continue to support a large revenue base even when housing activity is mixed.

The quarter’s $39.9 billion in sales and $3.4 billion in operating income suggest that the operating model still converts a high share of sales into profit. That is the practical takeaway from the numbers, especially when set against the $37.3 billion prior-year quarterly sales base.

Stock around earnings

Home Depot stock remains tied to the company’s ability to protect margins while keeping sales growth positive. With fiscal 2024 sales at $159.5 billion and quarterly sales at $39.9 billion, the earnings profile stays large enough to matter even when growth is moderate.

Company: Home Depot, Inc.

ISIN: US4370761029

Ticker: NYSE: HD

Trading venue: NYSE

Sector / Industry: Consumer Discretionary / Home Improvement Retail

Index membership: S&P 500

Market capitalization: USD 370.0 billion (as of 17 July 2026)

Next earnings date: 19 August 2026