Lowe's: revenue, profit and dividends

In fiscal 2026, Lowe's had revenue of $86.3B, up 3.9% a year on average since 2016, and net income of $6.65B (7.7% of revenue). Its dividend per share has gone up 18 years in a row, to $4.75. It has 40% fewer shares than in 2016.

Revenue, fiscal 2026

$86.3B+3.9% a year

average annual revenue growth since 2016 · +3.1% vs 2025

Net income, 2026

$6.65B

7.7% of revenue

Diluted EPS, 2026

$11.85

15.8% a year since 2016

Dividend per share, 2026

$4.75

raised every year since 2009

Revenue growth, 5 years

−0.8% a year

since 2021

Shares, 2026

560M

−39.7% since 2016

Free cash flow, 2026

$7.65B

$9.86B from operations − $2.21B capex

Ticker: LOW · NYSE
Sector: Consumer Discretionary
Sub-industry: Home Improvement Retail
Headquarters: Mooresville, North Carolina
Founded: 1904/1946/1959
In the S&P 500 since: February 29, 1984
Latest fiscal year: 2026, ended January 30, 2026
SEC filer: Lowes Companies Inc · CIK 0000060667

Revenue and net income

Revenue went from $48.3B in 2008 to $86.3B in 2026.

RevenueNet income

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Diluted earnings per share

Diluted EPS went from $1.86 in 2008 to $11.85 in 2026. Ten-year growth: 15.8% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Dividends per share

Raised every year in the data: 18 years in a row, from 2009 to 2026. Ten-year growth: 16.1% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Shares outstanding

39.7% fewer shares in 2026 than in 2016 (929M → 560M): buybacks outweighed new shares.

Fiscal years · diluted weighted-average shares, adjusted for splitsSource: SEC EDGAR (company filings)

Operating cash flow, capex and free cash flow

Free cash flow (operating cash flow minus capital expenditure) was $7.65B in 2026, 8.9% of revenue.

Operating cash flowCapital expenditureFree cash flow

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Year by year

Fiscal year	Revenue	Net income	Net margin	Diluted EPS	Dividend	Shares	Operating cash flow	Capex	Free cash flow
2026	$86.3B	$6.65B	7.7%	$11.85	$4.75	560M	$9.86B	$2.21B	$7.65B
2025	$83.7B	$6.96B	8.3%	$12.23	$4.55	568M	$9.62B	$1.93B	$7.7B
2024	$86.4B	$7.73B	8.9%	$13.20	$4.35	584M	$8.14B	$1.96B	$6.18B
2023	$97.1B	$6.44B	6.6%	$10.17	$3.95	631M	$8.59B	$1.83B	$6.76B
2022	$96.2B	$8.44B	8.8%	$12.04	$3.00	699M	$10.1B	$1.85B	$8.26B
2021	$89.6B	$5.83B	6.5%	$7.75	$2.30	750M	$11B	$1.79B	$9.26B
2020	$72.1B	$4.28B	5.9%	$5.49	$2.13	778M	$4.3B	$1.48B	$2.81B
2019	$71.3B	$2.31B	3.2%	$2.84	$1.85	812M	$6.19B	$1.17B	$5.02B
2018	$68.6B	$3.45B	5.0%	$4.09	$1.58	840M	$5.07B	$1.12B	$3.94B
2017	$65B	$3.09B	4.8%	$3.47	$1.33	881M	$5.62B	$1.17B	$4.45B
2016	$59.1B	$2.55B	4.3%	$2.73	$1.07	929M	$4.78B	$1.2B	$3.59B
2015	$56.2B	$2.7B	4.8%	$2.71	$0.87	990M	$4.93B	$880M	$4.05B
2014	$53.4B	$2.29B	4.3%	$2.14	$0.70	1.06B	$4.11B	$940M	$3.17B
2013	$50.5B	$1.96B	3.9%	$1.69	$0.62	1.15B	$3.76B	$1.21B	$2.55B
2012	$50.2B	$1.84B	3.7%	$1.43	$0.53	1.27B	$4.35B	$1.83B	$2.52B
2011	$48.8B	$2.01B	4.1%	$1.42	$0.42	1.4B	$3.85B	$1.33B	$2.52B
2010	$47.2B	$1.78B	3.8%	$1.21	$0.35	1.46B	$4.05B	$1.8B	$2.25B
2009	$48.2B	$2.19B	4.6%	$1.49	$0.34	1.47B	$4.12B	$3.27B	$856M
2008	$48.3B	$2.81B	5.8%	$1.86	$0.29	—	$4.35B	$4.01B	$337M

Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.

About these figures

Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.

Other Home Improvement Retail companies

Home Depot (The)

revenue $165B (2026)

All 47 Consumer Discretionary companies

Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.