Best Buy
BBY · NYSERetail-Radio, Tv & Consumer Electronics Stores · Fiscal year ends Jan 30
Best Buy reported revenue of $41.7B in the fiscal year ended Jan 2026, up 0.4% from the year before. Operating income was $1.4B, an operating margin of 3.3%, and net income was $1.1B. Operating cash flow of $2B less capital expenditure of $704M left free cash flow of $1.3B. It held more cash than debt (net cash $573M).
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue | $51.8B | $46.3B | $43.5B | $41.5B | $41.7B |
| Cost of revenue | $40.1B | $36.4B | $33.8B | $32.1B | $32.3B |
| Gross profit | $11.6B | $9.9B | $9.6B | $9.4B | $9.4B |
| Selling, general & admin | $8.6B | $8B | $7.9B | $7.7B | $7.6B |
| Operating income | $3B | $1.8B | $1.6B | $1.3B | $1.4B |
| Interest expense | $25M | $35M | $52M | $51M | $47M |
| Pre-tax income | $3B | $1.8B | $1.6B | $1.3B | $1.4B |
| Income tax | $574M | $370M | $381M | $372M | $337M |
| Net income | $2.5B | $1.4B | $1.2B | $927M | $1.1B |
| Diluted EPS | 9.84 | 6.29 | 5.68 | 4.28 | 5.04 |
| Diluted shares | 249M | 226M | 219M | 217M | 212M |
Balance sheet
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $2.9B | $1.9B | $1.4B | $1.6B | $1.7B |
| Receivables | $1B | $1.1B | $939M | $1B | $1B |
| Inventory | $6B | $5.1B | $5B | $5.1B | $5.2B |
| Current assets | $10.5B | $8.8B | $7.9B | $8.2B | $8.5B |
| Net PP&E | $2.3B | $2.4B | $2.3B | $2.1B | $2B |
| Goodwill | $1.4B | $1.4B | $1.4B | $908M | $790M |
| Total assets | $17.5B | $15.8B | $15B | $14.8B | $14.7B |
| Payables | $6.8B | $5.7B | $4.6B | $5B | $4.7B |
| Current liabilities | $10.7B | $9B | $7.9B | $8B | $7.7B |
| Short-term debt | $13M | $16M | $13M | $10M | – |
| Long-term debt | $1.2B | $1.2B | $1.2B | $1.1B | $1.2B |
| Shareholders' equity | $3B | $2.8B | $3.1B | $2.8B | $3B |
Cash flow
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $3.3B | $1.8B | $1.5B | $2.1B | $2B |
| Capital expenditure | $737M | $930M | $795M | $706M | $704M |
| Free cash flow | $2.5B | $894M | $675M | $1.4B | $1.3B |
| Depreciation & amortisation | $869M | $918M | $923M | $866M | $831M |
| Stock-based compensation | $141M | $138M | $145M | $139M | $139M |
| Acquisitions | $468M | – | – | – | – |
| Share buybacks | $3.5B | $1B | $340M | $500M | $273M |
| Dividends paid | $688M | $789M | $801M | $807M | $801M |
| Dividend per share | 2.80 | 3.52 | 3.68 | 3.76 | 3.80 |
Key ratios
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −10.6% | −6.1% | −4.4% | 0.4% |
| Operating income growth (YoY) | – | −40.9% | −12.3% | −19.8% | 10.1% |
| EPS growth (YoY) | – | −36.1% | −9.7% | −24.6% | 17.8% |
| Gross margin | 22.5% | 21.4% | 22.1% | 22.6% | 22.5% |
| Operating margin | 5.9% | 3.9% | 3.6% | 3.0% | 3.3% |
| Net margin | 4.7% | 3.1% | 2.9% | 2.2% | 2.6% |
| Return on equityBlank when equity is negative | 81.3% | 50.8% | 40.6% | 33.0% | 36.1% |
| ROCEEBIT ÷ (assets − current liabilities) | 44.5% | 26.3% | 22.3% | 18.7% | 19.9% |
| Free cash flow margin | 4.9% | 1.9% | 1.6% | 3.4% | 3.0% |
| Cash conversion (CFO ÷ net income) | 1.33x | 1.29x | 1.18x | 2.26x | 1.84x |
| Receivable days | 7 | 9 | 8 | 9 | 9 |
| Inventory days | 54 | 52 | 53 | 58 | 59 |
| Payable days | 62 | 57 | 50 | 57 | 54 |
| Interest cover | 122x | 51.3x | 30.3x | 24.7x | 29.6x |
| Debt ÷ equity | 0.41x | 0.42x | 0.38x | 0.41x | 0.39x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −$1.7B | −$698M | −$282M | −$424M | −$573M |
| Current ratio | 0.99x | 0.98x | 1.00x | 1.03x | 1.11x |
Recent filings
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.