Home Depot (HD) Q3 2025 Earnings

Home Depot It will report earnings before the bell on Tuesday as the retailer tries to attract more business from contractors, roofers and other professionals to help offset a slowing housing market.

The company expects its full-year sales to grow by 2.8% and comparable sales, which take the impact of one-time factors such as store openings and calendar differences, to rise by about 1%.

Here’s what Wall Street expects for the company’s fiscal third quarter, according to a survey of analysts conducted by LSEG:

• Earnings per share: $3.84 expected
• profit: $41.11 billion expected

For Home Depot, housing turnover typically leads to larger, more profitable projects as customers fix up their homes before or after moving. However, the pace of these large projects has declined as rising interest rates have led to higher mortgage rates and borrowing costs for the loans, which a homeowner may use to pay for a kitchen remodel or large addition.

Since about mid-2023, Home Depot CFO Richard McPhail told CNBC that homeowners have been in a “deferral mindset.” This has led to a bit of a waiting game for Home Depot, as it weathers either lower mortgage rates or a shift by consumers who have grown accustomed to higher mortgage rates as the new normal.

Meanwhile, Home Depot’s do-it-yourself customers have taken on smaller projects, and the company has gotten a business boom from its growing home professional business.

Home Depot has made two major purchases of related companies. Last year, it bought Texas-based SRS Distribution for $18.25 billion, the largest acquisition in its history. The company sells supplies to landscape, pool and roofing professionals.

Earlier this year, Home Depot announced that it would buy GMS, a building products distributor, for about $4.3 billion. The transaction is expected to close in early 2026.

As of Monday’s close, Home Depot shares were down about 8% so far this year. This follows the S&P 500’s gain of 13% over the same period.