v3.26.1
Revenue (Tables)
3 Months Ended
May 01, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue Sources
The following table presents the Company’s sources of revenue:
(In millions)Three Months Ended
May 1, 2026May 2, 2025
Products $22,055 $20,169 
Services706 544 
Other317 217 
Net sales$23,078 $20,930 
Schedule of Anticipated Sales and Right of Return Assets The balances and classification within the consolidated balance sheets for anticipated sales returns and the associated right of return assets are as follows:
(In millions)ClassificationMay 1,
2026
May 2,
2025
January 30,
2026
Anticipated sales returnsOther current liabilities$251 $245 $178 
Right of return assetsOther current assets153 144 109 
Schedule of Deferred Revenue Deferred revenue for retail and stored-value cards are as follows:
(In millions)May 1,
2026
May 2,
2025
January 30,
2026
Retail deferred revenue$1,157 $1,001 $936 
Stored-value cards deferred revenue472 499 541 
Deferred revenue$1,629 $1,500 $1,477 
Deferred revenue - Lowe’s protection plans
The Company defers revenues for its separately-priced long-term extended protection plan contracts (Lowe’s protection plans) and recognizes revenue on a straight-line basis over the respective contract term. Expenses for claims are recognized in cost of sales when incurred.
(In millions)May 1,
2026
May 2,
2025
January 30,
2026
Deferred revenue - Lowe’s protection plans$1,248 $1,266 $1,262 

Three Months Ended
(In millions)May 1, 2026May 2, 2025
Lowe’s protection plans deferred revenue recognized into sales$144 $143 
Lowe’s protection plans claim expenses61 58 
Schedule of Disaggregated Revenue
The following table presents the Company’s net sales disaggregated by merchandise division:
Three Months Ended
May 1, 2026May 2, 2025
(In millions)Net Sales%Net Sales%
Home Décor1
$7,174 31.1 %$7,095 33.9 %
Building Products2
6,813 29.5 6,839 32.7 
Hardlines3
6,786 29.4 6,572 31.4 
Other551 2.4 424 2.0 
Retail Home Improvement21,324 92.4 20,930 100.0 
Other segment net sales1,754 7.6 — — 
Total$23,078 100.0 %$20,930 100.0 %
Note: Merchandise division net sales for the prior period have been reclassified to conform to the current period presentation.
1    Home Décor includes the following product categories: Appliances, Flooring, Kitchens & Bath, and Paint.
2    Building Products includes the following product categories: Building Materials, Electrical, Lumber, Millwork, and Rough Plumbing.
3    Hardlines includes the following product categories: Lawn & Garden, Power Equipment, Seasonal & Outdoor Living, and Tools & Hardware.
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue
The following table presents the Company’s net sales disaggregated by geographical area:
(In millions)Three Months Ended
May 1, 2026May 2, 2025
United States$23,010 $20,930 
Canada68 — 
Net Sales$23,078 $20,930