The Home Depot, Inc. (HD) Operating Margin: 12.68%
Is The Home Depot, Inc.’s operating margin high or low?
The Home Depot, Inc.'s operating margin of 12.68% is 11% below its 5-year average of 14.18%, near the low end of its 5-year range (12.68%–15.27%).
The operating margin for The Home Depot, Inc. (HD) is 12.68% as of Tuesday, June 9, 2026. It is below its 12-month average by 3.10% (13.09%).
HD Operating Margin Chart
HD Average Operating Margin Chart
HD Current vs Average Operating Margin Chart
HD Operating Margin Metrics
OPERATING MARGIN
12.68%
OPERATING MARGIN AVG TTM
13.09%
OPERATING MARGIN AVG 3Y
13.46%
OPERATING MARGIN AVG 5Y
14.18%
OPERATING MARGIN AVG 10Y
14.22%
OPERATING MARGIN AVG 15Y
13.30%
OPERATING MARGIN AVG 20Y
12.11%
CURRENT VS TTM AVG
-3.10%
CURRENT VS 3Y AVG
-5.79%
CURRENT VS 5Y AVG
-10.57%
CURRENT VS 10Y AVG
-10.82%
CURRENT VS 15Y AVG
-4.69%
CURRENT VS 20Y AVG
+4.75%
HD Competitors' Operating Margin
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Home Depot, Inc. (HD) | — | 12.68% | 13.09% | 13.46% | 14.18% |
| Alibaba Group Holding Limited (BABA) | $279.34B | 5.83% | 9.98% | 10.89% | 10.70% |
| McDonald's Corporation (MCD) | $200.54B | 46.10% | 45.64% | 44.35% | 43.35% |
| The TJX Companies, Inc. (TJX) | $182.13B | 11.89% | 11.54% | 10.87% | 9.18% |
| Booking Holdings Inc. (BKNG) | $127.07B | 34.48% | 33.16% | 30.87% | 22.83% |
| Lowe's Companies, Inc. (LOW) | $121.88B | 11.77% | 11.93% | 12.56% | 12.52% |
| Starbucks Corporation (SBUX) | $111.02B | 9.63% | 12.29% | 13.81% | 13.10% |
| Marriott International, Inc. (MAR) | $103.79B | 15.81% | 15.41% | 15.95% | 12.87% |
| MercadoLibre, Inc. (MELI) | $83.20B | 11.08% | 11.87% | 12.07% | 9.62% |
| Hilton Worldwide Holdings Inc. (HLT) | $77.99B | 22.37% | 21.79% | 22.30% | 16.16% |
Operating Efficiency
Gross Margin
33.3%
Operating Margin
12.7%
The Home Depot, Inc. Operating Margin Formula & Definition
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
The Home Depot, Inc. Operating Margin FAQ
- What is the operating margin for The Home Depot, Inc. (HD)?
- The operating margin for HD stock is 12.68%.
- Is The Home Depot, Inc.'s operating margin high or low?
- The Home Depot, Inc.'s operating margin of 12.68% is 11% below its 5-year average of 14.18%, near the low end of its 5-year range (12.68%–15.27%).
- What is the TTM average operating margin for The Home Depot, Inc. (HD)?
- The TTM average operating margin for HD stock is 13.09%.
- What is the 3Y average operating margin for The Home Depot, Inc. (HD)?
- The 3Y average operating margin for HD stock is 13.46%.
- What is the 5Y average operating margin for The Home Depot, Inc. (HD)?
- The 5Y average operating margin for HD stock is 14.18%.
- What is the 10Y average operating margin for The Home Depot, Inc. (HD)?
- The 10Y average operating margin for HD stock is 14.22%.
- What is the 15Y average operating margin for The Home Depot, Inc. (HD)?
- The 15Y average operating margin for HD stock is 13.30%.
- What is the 20Y average operating margin for The Home Depot, Inc. (HD)?
- The 20Y average operating margin for HD stock is 12.11%.
The Home Depot, Inc. Operating Margin History
| DATE | OPERATING MARGIN |
|---|---|
| 2026-02-01 | 12.68% |
| 2025-02-02 | 13.49% |
| 2024-01-28 | 14.21% |
| 2023-01-29 | 15.27% |
| 2022-01-30 | 15.24% |
| 2021-01-31 | 13.84% |
| 2020-01-31 | 14.37% |
| 2019-01-31 | 14.35% |
| 2018-01-31 | 14.55% |
| 2017-01-31 | 14.19% |
| 2016-01-31 | 13.30% |
| 2015-01-31 | 12.59% |
| 2014-01-31 | 11.63% |
| 2013-01-31 | 10.39% |
| 2012-01-31 | 9.46% |
| 2011-01-31 | 8.59% |
| 2010-01-31 | 7.26% |
| 2009-01-31 | 6.11% |
| 2008-01-31 | 9.36% |
| 2007-01-31 | 11.22% |
| 2006-01-31 | 11.49% |
| 2005-01-31 | 10.84% |
| 2004-01-31 | 10.56% |
| 2003-01-31 | 10.01% |
| 2002-01-31 | 9.21% |
| 2001-01-31 | 9.16% |
| 2000-01-31 | 9.87% |
| 1999-01-31 | 8.81% |
| 1998-01-31 | 8.28% |
| 1997-01-31 | 7.81% |