BEST BUY CO INC

Listed Company

BBYCIK 0000764478NYSELarge AcceleratedRetail-Radio, Tv & Consumer Electronics StoresMinnesotaFY ends Jan 30

Period

FY 2026

Revenue

—

Net Income

$1.07B

Total Assets

$14.67B

Equity

$2.96B

Shares Out

209.11M

Op. Cash Flow

$1.96B

Business

BEST BUY CO INC leverages tech expertise and a human touch to enrich lives through technology, operating an omnichannel retail and services business. It offers consumer electronics, computing and mobile phones, appliances, entertainment products, repair, installation, delivery, memberships and health-related services alongside exclusive brands and trade-in/recycling programs. The company reports two segments—Domestic (including Best Buy Health, Geek Squad and related brands) and International—each managing retail, services, online and support functions. It serves customers in the U.S. and Canada through online platforms, physical stores and in-home service channels.

Summary from filing dated 2025-03-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	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

As of · In millions, except per-share amounts

Concept	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

Year Ended · In millions, except per-share amounts

Concept	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

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