Lowes Companies annual operating margin
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2025
Lowes Companies Operating Margin Growth & History (LOW)
Lowes Companies's operating margin was 11.77% for fiscal 2025.
View full Lowes Companies company overviewLowes Companies annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2026-01-30 | 11.77% | −0.74 pp |
| 2024 | 2025-01-31 | 12.51% | −0.87 pp |
| 2023 | 2024-02-02 | 13.38% | +2.91 pp |
| 2022 | 2023-02-03 | 10.47% | −2.10 pp |
| 2021 | 2022-01-28 | 12.56% | +1.80 pp |
| 2020 | 2021-01-29 | 10.77% | +2.02 pp |
| 2019 | 2020-01-31 | 8.75% | +3.12 pp |
| 2018 | 2019-02-01 | 5.63% | −3.96 pp |
| 2017 | 2018-02-02 | 9.60% | +0.61 pp |
| 2016 | 2017-02-03 | 8.99% | +0.58 pp |
| 2015 | 2016-01-29 | 8.41% | −0.11 pp |
| 2014 | 2015-01-30 | 8.52% | — |
Lowes Companies quarterly operating margin
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q1 2026 | 2026-05-01 | 11.07% | −0.85 pp |
| Q4 2025 | 2026-01-30 | 8.30% | −1.56 pp |
| Q3 2025 | 2025-10-31 | 11.92% | −0.65 pp |
| Q2 2025 | 2025-08-01 | 14.48% | −0.14 pp |
| Q1 2025 | 2025-05-02 | 11.92% | −0.50 pp |
| Q4 2024 | 2025-01-31 | 9.86% | +0.79 pp |
| Q3 2024 | 2024-11-01 | 12.57% | −0.60 pp |
| Q2 2024 | 2024-08-02 | 14.61% | −0.96 pp |
| Q1 2024 | 2024-05-03 | 12.42% | −2.30 pp |
| Q4 2023 | 2024-02-02 | 9.07% | +1.48 pp |
| Q3 2023 | 2023-11-03 | 13.17% | +9.23 pp |
| Q2 2023 | 2023-08-04 | 15.57% | +0.18 pp |
| Q1 2023 | 2023-05-05 | 14.71% | +0.76 pp |
| Q4 2022 | 2023-02-03 | 7.59% | −1.07 pp |
| Q3 2022 | 2022-10-28 | 3.94% | −8.23 pp |
| Q2 2022 | 2022-07-29 | 15.39% | +0.12 pp |
| Q1 2022 | 2022-04-29 | 13.96% | +0.67 pp |
| Q4 2021 | 2022-01-28 | 8.66% | +1.16 pp |
| Q3 2021 | 2021-10-29 | 12.17% | +2.42 pp |
| Q2 2021 | 2021-07-30 | 15.27% | +0.78 pp |
| Q1 2021 | 2021-04-30 | 13.29% | +3.17 pp |
| Q4 2020 | 2021-01-29 | 7.50% | +1.53 pp |
| Q3 2020 | 2020-10-30 | 9.75% | +0.79 pp |
| Q2 2020 | 2020-07-31 | 14.49% | +3.15 pp |
| Q1 2020 | 2020-05-01 | 10.12% | +2.13 pp |
| Q4 2019 | 2020-01-31 | 5.98% | +9.60 pp |
| Q3 2019 | 2019-11-01 | 8.96% | +3.46 pp |
| Q2 2019 | 2019-08-02 | 11.34% | +0.99 pp |
| Q1 2019 | 2019-05-03 | 7.99% | −0.45 pp |
| Q4 2018 | 2019-02-01 | −3.62% | −10.71 pp |
| Q3 2018 | 2018-11-02 | 5.50% | −3.73 pp |
| Q2 2018 | 2018-08-03 | 10.36% | −1.86 pp |
| Q1 2018 | 2018-05-04 | 8.44% | −0.81 pp |
| Q4 2017 | 2018-02-02 | 7.09% | −0.96 pp |
| Q3 2017 | 2017-11-03 | 9.22% | +3.26 pp |
| Q2 2017 | 2017-08-04 | 12.22% | +0.99 pp |
| Q1 2017 | 2017-05-05 | 9.25% | −1.16 pp |
| Q4 2016 | 2017-02-03 | 8.05% | — |
| Q3 2016 | 2016-10-28 | 5.97% | — |
| Q2 2016 | 2016-07-29 | 11.23% | — |
| Q1 2016 | 2016-04-29 | 10.41% | — |
Lowes Companies operating margin trends
Over the last five reported fiscal years, Lowes Companies's operating margin increased from 10.77% to 11.77%, a change of +1.00 percentage points. The latest reported quarter, Q1 2026, shows 11.07%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Lowes Companies filings at SEC.gov ↗