Lowe's (LOW) Q4 2025 Earnings
Excludes $149 million in pre-tax expenses consisting of transaction costs and intangible asset amortization related to the acquisitions of Artisan Design Group and Foundation Building Materials
How Did LOW Stock React to Q4 2025 Earnings?
S&P 500 over the same 30 days: −8.52%.
Did LOW Beat Earnings? Q4 2025 Results
Yes. Lowe's reported Q4 2025 earnings of $1.98 a share on Feb 25, 2026, beating the $1.94 consensus estimate by 1.9%. Revenue was $20.6B against a $20.3B estimate.
Lowe's delivered a broad beat to close out fiscal 2025, with fourth-quarter adjusted diluted EPS of $1.98 clearing the $1.94 consensus by 1.93% and revenue of $20.58 billion topping estimates by 1.22% as sales climbed 10.9% year over year, helped by the consolidation of newly acquired businesses Foundation Building Materials and Artisan Design Group. The single biggest story behind the numbers was the company's Total Home strategy gaining genuine traction, with comparable sales rising 1.3%, online sales up 10.5% year over year, and Pro comps delivering broad-based growth across categories and regions, even as the housing market remained under pressure from elevated mortgage rates. Nine of 14 product categories and 12 of 15 regions posted positive comp growth, underscoring the breadth of demand. Looking ahead, Lowe's guided fiscal 2026 total sales of $92.00 billion to $94.00 billion and adjusted diluted EPS of $12.25 to $12.75, reflecting ongoing uncertainty in the home improvement market but continued confidence in the company's technology investments, including its AI-powered Mylow home improvement advisor.
- Comparable sales increased 1.3% driven by continued growth in Pro, online, and home services sales
- Online sales grew 10.5% year-over-year
- Positive comp sales in 9 of 14 product categories
- 12 of 15 regions delivered positive comp sales growth
- Strong holiday performance including record-setting Black Friday and Cyber Monday weekend
- Positive Pro comp sales driven by broad-based growth across categories and regions
- Comp transactions declined 2.3% while average ticket increased 3.6%
“We delivered strong results this quarter, as our Total Home strategy is resonating with both our Pro and DIY customers, which was evident during a great holiday season. Given our outperformance this quarter, we awarded $125 million in discretionary bonuses to our frontline associates in recognition of their hard work and outstanding customer service.”
Lowe's CEO, on the earnings call
What Was Lowe's's Outlook in Q4 2025?
For fiscal 2026, Lowe's expects total sales of $92.0 to $94.0 billion (approximately 7% to 9% increase versus prior year), comparable sales flat to up 2%, operating margin of 11.2% to 11.4%, adjusted operating margin of 11.6% to 11.8%, net interest expense of approximately $1.6 billion, effective income tax rate of approximately 24.5%, diluted EPS of approximately $11.75 to $12.25, adjusted diluted EPS of approximately $12.25 to $12.75, and capital expenditures of approximately $2.5 billion. The outlook reflects ongoing uncertainty in the home improvement market. Adjusted measures for fiscal 2026 exclude an expected 40 basis point and $0.50 after-tax impact from intangible asset amortization related to the FBM and ADG acquisitions.
LOW YoY Financials
| Metric | Q4 2025 | Q4 2024 | Year over year |
|---|---|---|---|
| Revenue | $20.6B | $18.6B | +11.0% |
| Gross Profit | $6.7B | $5.7B | +18.2% |
| Operating Income | $1.7B | $1.8B | −2.4% |
| Net Income | $999.0M | $1.1B | −11.1% |
Figures from SEC filings and company reports. Not investment advice.