BEST BUY CO INC
Business
Best Buy Co., Inc. is a multi-channel retailer of consumer electronics, computing, appliances, entertainment products and related services operating through physical stores, online platforms and in-home service channels. The company sells computing, mobile phones, consumer electronics, appliances, entertainment products, and provides services including technical support, installation, repair, warranty, advertising and marketplace commissions. Best Buy operates two reportable segments: Domestic (U.S. operations and Best Buy Health) and International (Canada operations), with an integrated omnichannel platform serving customers online, in stores and in their homes.
Summary from 10-K filed 2026-03-18
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2026 2026-01-31 | FY 2025 2025-01-31 | FY 2024 2024-01-31 | FY 2023 2023-01-31 | FY 2022 2022-01-31 |
|---|---|---|---|---|---|---|
| Revenue | 41,691 | 41,528 | 43,452 | 46,298 | 51,761 | |
| Cost of sales | 32,318 | 32,143 | 33,849 | 36,386 | 40,121 | |
| Gross profit | 9,373 | 9,385 | 9,603 | 9,912 | 11,640 | |
| Selling, general and administrative expenses | 7,623 | 7,651 | 7,876 | 7,970 | 8,635 | |
| Restructuring charges | 190 | −3 | 153 | 147 | −34 | |
| Goodwill and intangible asset impairments | 171 | 475 | 0 | — | — | |
| Operating income | 1,389 | 1,262 | 1,574 | 1,795 | 3,039 | |
| Gain (loss) on disposal of subsidiaries, net | −6 | 0 | 21 | — | — | |
| Investment income and other | 68 | 84 | 78 | 28 | 10 | |
| Interest expense | −47 | −51 | −52 | — | — | |
| Earnings before income tax expense and equity in income of affiliates | 1,404 | 1,295 | 1,621 | 1,788 | 3,024 | |
| Income tax expense | 337 | 372 | 381 | 370 | 574 | |
| Equity in income of affiliates | 2 | 4 | 1 | 1 | 4 | |
| Net earnings | 1,069 | 927 | 1,241 | 1,419 | 2,454 | |
| Basic earnings per share (in dollars per share) | 5.06 | 4.31 | 5.7 | 6.31 | 9.94 | |
| Diluted earnings per share (in dollars per share) | 5.04 | 4.28 | 5.68 | 6.29 | 9.84 | |
| Basic (in shares) | 211 | 215 | 218 | 225 | 247 | |
| Diluted (in shares) | 212 | 217 | 219 | 226 | 249 |
Consolidated Balance Sheet
| Concept | Trend | FY 2026 2026-01-31 | FY 2025 2025-01-31 | FY 2024 2024-01-31 | FY 2023 2023-01-31 | FY 2022 2022-01-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,738 | 1,578 | 1,447 | 1,874 | 2,936 | |
| Receivables, net | 1,043 | 1,044 | 939 | 1,141 | 1,042 | |
| Merchandise inventories | 5,230 | 5,085 | 4,958 | 5,140 | 5,965 | |
| Other current assets | 493 | 517 | 553 | 647 | 596 | |
| Total current assets | 8,504 | 8,224 | 7,897 | 8,802 | 10,539 | |
| Land and buildings | 734 | 722 | 702 | 688 | 671 | |
| Leasehold improvements | 2,395 | 2,370 | 2,275 | 2,260 | 2,160 | |
| Fixtures and equipment | 3,732 | 3,872 | 4,002 | 3,928 | 5,419 | |
| Property under finance leases | 80 | 88 | 97 | 100 | 91 | |
| Gross property and equipment | 6,941 | 7,052 | — | — | — | |
| Less accumulated depreciation | 4,955 | 4,930 | — | — | — | |
| Net property and equipment | 1,986 | 2,122 | — | — | — | |
| Operating lease assets | 2,869 | 2,833 | 2,758 | 2,746 | 2,654 | |
| Goodwill | 790 | 908 | 1,383 | 1,383 | 1,384 | |
| Other assets | 521 | 695 | 669 | 520 | 677 | |
| Total assets | 14,670 | 14,782 | 14,967 | 15,803 | 17,504 | |
| Accounts payable | 4,745 | 4,980 | 4,637 | 5,687 | 6,803 | |
| Accrued compensation and related expenses | 423 | 464 | 486 | 405 | 845 | |
| Accrued liabilities | 742 | 741 | 902 | 843 | 946 | |
| Current portion of operating lease liabilities | 623 | 617 | 618 | 638 | 648 | |
| Current portion of long-term debt | 11 | 10 | — | — | — | |
| Total current liabilities | 7,679 | 8,016 | 7,909 | 8,979 | 10,674 | |
| Long-term operating lease liabilities | 2,334 | 2,282 | 2,199 | 2,164 | 2,061 | |
| Long-term debt | 1,165 | 1,144 | — | — | — | |
| Long-term liabilities | 528 | 532 | 654 | 705 | 533 | |
| Contingencies and commitments (Note 12) | — | — | — | — | — | |
| Preferred stock, $1.00 par value: Authorized - 400,000 shares; Issued and outstanding - none | 0 | 0 | — | — | — | |
| Common stock, $0.10 par value: Authorized - 1.0 billion shares; Issued and outstanding - 209.1 million and 211.4 million shares, respectively | 22 | 22 | 22 | 22 | 23 | |
| Additional paid-in capital | 14 | 0 | 31 | 21 | — | |
| Retained earnings | 2,610 | 2,486 | 2,683 | 2,430 | 2,668 | |
| Accumulated other comprehensive income | 318 | 300 | 317 | 322 | 329 | |
| Total equity | 2,964 | 2,808 | 3,053 | 2,795 | 3,020 | |
| Total liabilities and equity | 14,670 | 14,782 | 14,967 | 15,803 | 17,504 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2026 2026-01-31 | FY 2025 2025-01-31 | FY 2024 2024-01-31 | FY 2023 2023-01-31 | FY 2022 2022-01-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 831 | 866 | 923 | 918 | 869 | |
| Restructuring charges | 190 | −3 | 153 | 147 | −34 | |
| Stock-based compensation | 139 | 139 | 145 | 138 | 141 | |
| Deferred income taxes | 60 | −59 | −214 | 51 | 14 | |
| Long-lived asset impairments | 21 | 2 | 2 | — | — | |
| Other, net | 14 | 10 | 24 | 12 | 11 | |
| Receivables | −3 | −111 | 204 | −103 | 17 | |
| Merchandise inventories | −126 | −155 | 178 | 809 | −328 | |
| Other assets | 34 | 11 | −18 | −21 | −14 | |
| Accounts payable | −238 | 358 | −1,025 | −1,099 | −201 | |
| Income taxes | −7 | −212 | 52 | 36 | −156 | |
| Other liabilities | −199 | −150 | −174 | −483 | 479 | |
| Total cash provided by operating activities | 1,962 | 2,098 | 1,470 | 1,824 | 3,252 | |
| Additions to property and equipment | −704 | −706 | −795 | −930 | −737 | |
| Purchases of investments | −1 | −26 | −9 | −46 | −233 | |
| Disposal of subsidiary | −27 | 0 | 14 | — | — | |
| Sales of investments | 0 | 20 | 7 | 7 | 66 | |
| Other, net | 2 | 8 | 2 | 7 | — | |
| Total cash used in investing activities | −730 | −704 | −781 | −962 | −1,372 | |
| Repurchase of common stock | −273 | −500 | −340 | −1,014 | −3,502 | |
| Issuance of common stock | 5 | 17 | 19 | 16 | 29 | |
| Dividends paid | −801 | −807 | −801 | −789 | −688 | |
| Repayments of debt | −13 | −17 | −19 | −19 | −133 | |
| Other, net | −1 | −2 | −3 | — | −3 | |
| Total cash used in financing activities | −1,083 | −1,309 | −1,144 | −1,806 | −4,297 | |
| Effect of exchange rate changes on cash | 6 | −10 | −5 | — | — | |
| Increase (decrease) in cash, cash equivalents and restricted cash | 155 | 75 | −460 | −952 | −2,420 | |
| Income taxes paid (includes payments for purchased tax credits of $150 million, $267 million and $103 million, respectively) | 284 | 643 | 543 | 283 | 716 | |
| Interest paid | 44 | 46 | 51 | 31 | 22 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is BEST BUY CO INC's CIK number?
BEST BUY CO INC's SEC CIK number is 0000764478 (764478). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find BEST BUY CO INC's SEC filings?
All of BEST BUY CO INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did BEST BUY CO INC last report earnings?
BEST BUY CO INC (BBY) most recently filed an earnings 8-K with the SEC on May 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000764478-26-000018). This is BEST BUY CO INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is BEST BUY CO INC's most recent earnings 8-K?
BEST BUY CO INC's latest earnings 8-K (Item 2.02) was filed May 28, 2026 under accession 0000764478-26-000018. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View BEST BUY CO INC's latest earnings 8-K →
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