2 unchanged sentences
While we currently expect a cash dividend to be paid in the future, future dividend payments are subject to declaration by our Board based on our earnings, capital requirements, financial condition, and other factors considered relevant by our Board.
−Removed: At March 5, 2025, there were approximately 101,000 holders of record of our common stock and approximately 5,678,000 additional “street name” holders whose shares are held of record by banks, brokers, and other financial institutions.
+Added: At March 4, 2026, there were a pproximately 97,000 holders of record of our common stock and approximately 6,159,000 addi tional “street name” holders whose shares are held of record by banks, brokers, and other financial institutions.
STOCK PERFORMANCE GRAPH
−Removed: The graph and table below present our cumulative total shareholder returns relative to the performance of the S&P 500 Consumer Discretionary Distribution & Retail Index (the “S&P Retail Composite Index”) and the S&P 500 Index for the five most recent fiscal years.
−Removed: The graph assumes $100 was invested at the closing price of our common stock on the NYSE and in each index on the last trading day of the fiscal year ended February 2, 2020 and assumes that all dividends were reinvested on the date paid.
+Added: The graph and table below present our cumulative total shareholder returns relative to the performance of the S&P 500 Consumer Discretionary Distribution & Retail Index (the “S&P 500 Retail Index”) and the S&P 500 Index for the five most recent fiscal years.
+Added: The graph assumes $100 was invested at the closing price of our common stock on the NYSE and in each index on the last trading day of the fiscal year ended January 31, 2021 and assumes that all dividends were reinvested on the date paid.
The points on the graph represent fiscal year-end amounts based on the last trading day in each fiscal year.
3 unchanged sentences
2023 January 28,
−Removed: 2023 January 28,
2024 February 2,
+Added: 2025 February 1,
The Home Depot $ 100.00 $ 138.17 $ 122.37 $ 141.11 $ 167.62 $ 156.25
−Removed: S&P Retail Composite Index 100.00 141.39 149.72 123.99 165.17 227.91
+Added: S&P 500 Retail Index
+Added: 100.00 105.90 87.69 116.82 161.20 164.12
S&P 500 Index 100.00 120.99 112.94 137.90 172.65 200.82
6 unchanged sentences
Dollar Value of Shares that May Yet Be Purchased Under the Program (2)(3)
−Removed: October 28, 2024 – November 24, 2024 8,166 $ 411.08 — $ 11,657,503,041
−Removed: November 25, 2024 – December 22, 2024 3,650 422.79 — 11,657,503,041
+Added: November 3, 2025 – November 30, 2025 13,941 $ 361.57 — $ 11,657,503,041
+Added: December 1, 2025 – December 28, 2025 822 350.68 — 11,657,503,041
December 29, 2025 – February 1, 2026 943 371.52 — 11,657,503,041
15,706 361.59 —
−Removed: (1) These amounts include deemed repurchases pursuant to our Omnibus Stock Incentive Plan, as Amended and Restated May 19, 2022, and our 1997 Omnibus Stock Incentive Plan (collectively, the “Plans”).
−Removed: Under the Plans, participants surrender shares as payment of applicable tax withholding on the vesting of restricted stock.
−Removed: Participants in the Plans may also exercise stock options by surrendering shares of common stock that the participants already own as payment of the exercise price.
−Removed: Shares so surrendered by participants in the Plans are repurchased pursuant to the terms of the Plans and applicable award agreement and not pursuant to publicly announced share repurchase programs.
+Added: (1) These amounts reflect deemed repurchases pursuant to our Omnibus Stock Incentive Plan, as Amended and Restated May 19, 2022 (the “Omnibus Plan”).
+Added: Under the Omnibus Plan, participants surrender shares as payment of applicable tax withholding on the vesting of restricted stock.
+Added: Participants in the Omnibus Plan may also exercise stock options by surrendering shares of common stock that the participants already own as payment of the exercise price.
+Added: Shares so surrendered by participants in the Omnibus Plan are repurchased pursuant to the terms of the Omnibus Plan and applicable award agreement and not pursuant to publicly announced share repurchase programs.
(2) On August 14, 2023, our Board approved a $15.0 billion share repurchase authorization that replaced the previous authorization of $15.0 billion, which was approved on August 18, 2022.
The August 2023 authorization does not have a prescribed expiration date.
−Removed: As previously disclosed, we paused share repurchases in March 2024.
+Added: We paused share repurchases in March 2024 and have not resumed share repurchase activity as of February 1, 2026.
(3) Excludes excise taxes incurred on share repurchases.
−Removed: SALES OF UNREGISTERED SECURITIES
+Added: SALES OF UNRE GISTERED SECURITIES
During the fourth quarter of fiscal 2025, we issued 545 deferred stock units under the Home Depot, Inc.
1 unchanged sentence
The deferred stock units were credited during the fourth quarter of fiscal 2025 to the accounts of those non-employee directors who elected to receive all or a portion of Board retainers in the form of deferred stock units instead of cash.
−Removed: The deferred stock units convert to shares of common stock on a one-for-one basis following a termination of service as described in the plan.
+Added: The deferred stock units convert to shares of common stock on a one-for-one basis following a termination of service as described in this plan.
During the fourth quarter of fiscal 2025, we credited 6,918 deferred stock units to participant accounts under the Restoration Plans pursuant to an exemption from the registration requirements of the Securities Act for involuntary, non-contributory plans.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.