Best Buy (BBY) Q4 FY2026 earnings: revenue $13.8 billion, down 1.0% on the year

Best Buy Co., Inc. (BBY) reported revenue of $13.8 billion for Q4 FY2026, the quarter ended 31 January 2026, down 1.0% on the same quarter a year earlier. Net income was $541 million, up 362.4% on the year, and diluted earnings per share $2.56. The figures are the company's own, from the 10-K it filed with the SEC on 18 March 2026.

Revenue

$13.8 billion

-1.0% on the year · +42.8% on the quarter

Q1 FY2025Q4 FY2026

Operating margin

5.2%

1.6% a year earlier

Q1 FY2025Q4 FY2026

Net income

$541 million

+362.4% on the year · +286.4% on the quarter

Q1 FY2025Q4 FY2026

Diluted EPS

$2.56

+374.1% on the year · +287.9% on the quarter

Q1 FY2025Q4 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 9 new.

Comparable sales declined 0.8%: Enterprise comparable sales fell 0.8% in the quarter, against a 0.5% rise a year earlier, and rose 0.5% for the full year against a 2.3% decline. Quarterly revenue was $13.81 billion, against $13.95 billion.
Diluted EPS rose; adjusted EPS edged up: Diluted EPS was $2.56 against $0.54, and adjusted diluted EPS was $2.61 against $2.58. Full-year diluted EPS was $5.04 against $4.28, and adjusted diluted EPS $6.43 against $6.37.
Domestic revenue down 1.1%: Domestic revenue of $12.58 billion fell 1.1%, mainly on the 0.8% comparable decline. Home theater and appliances were the largest weighted drags, partly offset by computing and mobile phones.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q4 FY2026	Q3 FY2026	Q4 FY2025	On the quarter	On the year
Revenue	13,814	9,672	13,948	+42.8%	-1.0%
Cost of revenue	10,932	7,424	11,030	+47.3%	-0.9%
Gross profit	2,882	2,248	2,918	+28.2%	-1.2%
Gross margin	20.9%	23.2%	20.9%
Selling, general and administrative	2,189	1,884	2,233	+16.2%	-2.0%
Operating income	721	198	217	+264.1%	+232.3%
Operating margin	5.2%	2.0%	1.6%
Interest expense	11.0	12.0	13.0	-8.3%	-15.4%
Pre-tax income	724	205	223	+253.2%	+224.7%
Income tax	186	64.0	106	+190.6%	+75.5%
Effective tax rate	25.7%	31.2%	47.5%
Net income	541	140	117	+286.4%	+362.4%
Net margin	3.9%	1.4%	0.8%
Diluted EPS	$2.56	$0.66	$0.54	+287.9%	+374.1%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q4 FY2026	Q3 FY2026	Q4 FY2025	On the quarter	On the year
Operating cash flow	1,278	-99.0	1,537		-16.9%
Capital expenditure	175	188	178	-6.9%	-1.7%
Free cash flow	1,103	-287	1,359		-18.8%
Free cash flow margin	8.0%	-3.0%	9.7%
Cash from investing	-175	-186	-182
Cash from financing	-275	-234	-417
Depreciation and amortisation	196	209	206	-6.2%	-4.9%
Share-based compensation	33.0	31.0	31.0	+6.5%	+6.5%
Buybacks	73.0	35.0	215	+108.6%	-66.0%
Dividends paid	199	199	200	0.0%	-0.5%
Dividend per share	n/a	$0.95	n/a
Diluted shares, weighted	211m	212m	215m	-0.4%	-1.9%
Shares outstanding at period end	209m	210m	211m	-0.4%	-1.1%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q4 FY2026	Q3 FY2026	Q4 FY2025	On the quarter	On the year
Shareholders' equity	2,964	2,653	2,808	+11.7%	+5.6%
Debt	1,176	1,165	1,154	+0.9%	+1.9%
Operating lease liabilities	2,334	2,309	2,282	+1.1%	+2.3%
Finance lease liabilities	21.0	n/a	15.0		+40.0%
Other liabilities	8,175	10,659	8,523	-23.3%	-4.1%
Total liabilities and equity	14,670	16,786	14,782	-12.6%	-0.8%
Fixed assets	1,986	2,037	2,122	-2.5%	-6.4%
Goodwill	790	790	908	0.0%	-13.0%
Cash and equivalents	1,738	923	1,578	+88.3%	+10.1%
Receivables	1,043	1,017	1,044	+2.6%	-0.1%
Inventory	5,230	7,993	5,085	-34.6%	+2.9%
Other assets	3,883	4,026	4,045	-3.6%	-4.0%
Total assets	14,670	16,786	14,782	-12.6%	-0.8%

Questions

What was Best Buy's revenue in Q4 FY2026?

Best Buy (BBY) reported revenue of $13.8 billion for Q4 FY2026, the quarter ended 31 January 2026, down 1.0% on the same quarter a year earlier.

How much did Best Buy earn in Q4 FY2026?

Net income for Q4 FY2026 was $541 million, up 362.4% on the year, and diluted earnings per share $2.56.

When did Best Buy report Q4 FY2026 results?

Best Buy filed its 10-K for the year that ended with the quarter on 18 March 2026; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *	Q1 FY2027	Q2 FY2027
Revenue	11,910	16,365	10,647	10,329	10,587	14,735	9,467	9,583	9,756	14,646	8,847	9,288	9,445	13,948	8,767	9,438	9,672	13,814	8,936	9,779
Cost of revenue	9,108	13,052	8,294	8,042	8,255	11,795	7,317	7,363	7,524	11,645	6,783	7,102	7,228	11,030	6,718	7,244	7,424	10,932	6,834	7,441
Gross profit	2,802	3,313	2,353	2,287	2,332	2,940	2,150	2,220	2,232	3,001	2,064	2,186	2,217	2,918	2,049	2,194	2,248	2,882	2,102	2,338
Gross margin	24%	20%	22%	22%	22%	20%	23%	23%	23%	20%	23%	24%	23%	21%	23%	23%	23%	21%	24%	24%
SG&A	2,133	2,505	1,890	1,882	1,941	2,257	1,848	1,879	1,878	2,271	1,737	1,810	1,871	2,233	1,721	1,829	1,884	2,189	1,741	1,923
Operating income	670	803	462	371	365	597	311	348	354	561	312	383	350	217	219	251	198	721	370	421
Operating margin	6%	5%	4%	4%	3%	4%	3%	4%	4%	4%	4%	4%	4%	2%	2%	3%	2%	5%	4%	4%
Interest expense	7.0	6.0	6.0	7.0	10.0	12.0	12.0	12.0	14.0	14.0	12.0	13.0	13.0	13.0	12.0	12.0	12.0	11.0	11.0	11.0
Pre-tax income	664	800	451	367	359	611	320	369	348	584	325	391	356	223	222	253	205	724	378	430
Tax rate	25%	22%	24%	16%	23%	19%	23%	26%	25%	21%	25%	26%	24%	48%	9%	27%	31%	26%	27%	27%
Net income	499	626	341	306	277	495	244	274	263	460	246	291	273	117	202	186	140	541	276	315
Net margin	4%	4%	3%	3%	3%	3%	3%	3%	3%	3%	3%	3%	3%	1%	2%	2%	1%	4%	3%	3%
Diluted EPS	$2.00	$2.62	$1.49	$1.35	$1.22	$2.23	$1.11	$1.25	$1.21	$2.12	$1.13	$1.34	$1.26	$0.54	$0.95	$0.87	$0.66	$2.56	$1.31	$1.48
Operating cash flow	197	2,191	-1,384	675	601	1,932	-331	512	109	1,180	156	661	-256	1,537	34.0	749	-99.0	1,278	375	921
Capital expenditure	225	189	215	226	255	234	204	191	217	183	152	183	193	178	166	175	188	175	160	184
Free cash flow	-28.0	2,002	-1,599	449	346	1,698	-535	321	-108	997	4.0	478	-449	1,359	-132	574	-287	1,103	215	737
Buybacks	405	1,774	455	10.0	0.0	549	79.0	79.0	112	70.0	50.0	98.0	137	215	100	65.0	35.0	73.0	0.0	36.0
Dividends paid	172	166	199	198	198	194	202	200	201	198	202	203	202	200	202	201	199	199	202	203
Shares outstanding	244m	227m	225m	225m	225m	218m	218m	218m	216m	215m	216m	215m	214m	211m	211m	210m	210m	209m	211m	210m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 January 2026, filed 18 March 2026: the filing.