HOME DEPOT, INC. Earnings Per Share Disclosure
| in millions | Fiscal | Fiscal | Fiscal | ||||||||||||||
| 2025 | 2024 | 2023 | |||||||||||||||
| Basic weighted average common shares | 993 | 990 | 999 | ||||||||||||||
Effect of potentially dilutive securities (1) | 2 | 3 | 3 | ||||||||||||||
| Diluted weighted average common shares | 995 | 993 | 1,002 | ||||||||||||||
| Anti-dilutive securities excluded from diluted weighted average common shares | — | — | 1 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Mar 18, 2026 | Showing above |
| 2025 | Mar 21, 2025 | |
| 2024 | Mar 13, 2024 | |
| 2023 | Mar 15, 2023 | |
| 2022 | Mar 23, 2022 | |
| 2021 | Mar 24, 2021 | |
| 2020 | Mar 25, 2020 | |
| 2019 | Mar 28, 2019 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.