Home Depot 10-Q: $730 million tariff refunds, gross margin 33.7%, no buybacks in 2026

Home Depot's quarterly report for the period ended August 2, 2026 shows about $730 million of IEEPA tariff refunds received, with about $685 million already reducing cost of goods sold. Gross margin was 33.7%, up from 33.4% a year earlier. The company said it does not plan to resume share repurchases in fiscal 2026 while it works to reduce debt.

• IEEPA tariff refunds received: about $730 million, with $685 million reducing cost of goods sold
• Gross margin: 33.7% in the quarter, up from 33.4% a year earlier
• No plans to resume share repurchases in fiscal 2026; repurchases paused since March 2024
• The refunds are the vast majority of expected IEEPA refunds, per the filing