LOWES COMPANIES INC

For the period ended Oct 31, 2025. Filed Nov 26, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Oct 31, 2025 · Filed Nov 26, 2025

LOW$232.10+3.4%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Earnings

Consolidated Statements of Earnings (Unaudited)

In Millions, Except Per Share and Percentage Data

Three Months Ended · Nine Months Ended
	October 31, 2025		November 1, 2024		October 31, 2025		November 1, 2024
Current Earnings	Amount	% Sales	Amount	% Sales	Amount	% Sales	Amount	% Sales
Net sales	$20,813	100.00%	$20,170	100.00%	$65,701	100.00%	$65,120	100.00%
Cost of sales	13,697	65.81	13,374	66.31	43,497	66.20	43,340	66.55
Gross margin	7,116	34.19	6,796	33.69	22,204	33.80	21,780	33.45
Expenses:
Selling, general and administrative	4,160	19.99	3,827	18.97	12,381	18.85	11,860	18.22
Depreciation and amortization	475	2.28	433	2.15	1,378	2.10	1,284	1.97
Operating income	2,481	11.92	2,536	12.57	8,445	12.85	8,636	13.26
Interest – net	352	1.69	317	1.57	1,002	1.52	985	1.51
Pre-tax earnings	2,129	10.23	2,219	11.00	7,443	11.33	7,651	11.75
Income tax provision	513	2.46	524	2.59	1,789	2.72	1,818	2.79
Net earnings	$1,616	7.77%	$1,695	8.41%	$5,654	8.61%	$5,833	8.96%
Weighted average common shares outstanding – basic	559		565		559		568
Basic earnings per common share	$2.88		$2.99		$10.09		$10.24
Weighted average common shares outstanding – diluted	560		566		560		569
Diluted earnings per common share	$2.88		$2.99		$10.07		$10.22

ContentsView on SEC.gov

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