NYSE$BBY

Best Buy Co Inc · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Best Buy reported a slight revenue decline and a decrease in GAAP EPS due to a goodwill impairment charge.

Best Buy's Q4 FY25 revenue declined to $13.95 billion, down from $14.65 billion in the previous year, primarily due to the extra week in Q4 FY24. The company reported a GAAP diluted EPS of $0.54, impacted by a $475 million goodwill impairment charge. Adjusted diluted EPS was $2.58, reflecting strong sales growth in computing and services, offset by declines in appliances and home theater. Operating income fell to $217 million from $561 million last year.

  • Revenue declined to $13.95 billion due to the extra week in Q4 FY24.
  • GAAP diluted EPS fell to $0.54 due to a goodwill impairment charge.
  • Adjusted diluted EPS of $2.58 exceeded expectations.
  • Domestic comparable sales increased by 0.2% while international grew by 3.8%.

Headline financials

Total Revenue

$13.9B

Previous: $14.6B-4.8%
EPS (adj)

$2.58

Previous: $2.72-5.1%
Capital Expenditures

-$178M

Previous: -$183M+2.7%
Free Cash Flow

$1.36B

No prior period
Net Income

$117M

Previous: $460M-74.6%
Operating Income

$217M

Previous: $561M-61.3%
Gross Profit

$2.92B

Previous: $3B-2.8%

Revenue & EPS history

Best Buy · Revenue · Quarterly

$13.9B

Q4 2025-4.8%vs Q4 2024
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Best Buy · $8.94B total across 2 segments · Q1 2027

  • Domestic segment
    $8.25B
  • International segment
    $687M

Forward guidance

Best Buy expects flat to 2% comparable sales growth for FY26, with growth weighted toward the second half of the year.

Tailwinds

  • Expected FY26 revenue between $41.4B and $42.2B.
  • Adjusted diluted EPS guidance of $6.20 to $6.60.
  • Growth expected in computing, services, and Best Buy Marketplace.
  • Continued investment in omnichannel retail strategy.
  • Ongoing focus on cost management and operational efficiency.

Headwinds

  • Persistent inflation may impact consumer spending on big-ticket items.
  • Currency fluctuations may continue to affect international revenue.
  • Higher operating expenses due to incentive compensation and advertising.
  • Potential macroeconomic headwinds influencing discretionary spending.
  • Supply chain challenges and cost pressures on product sourcing.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+0.8%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+0.1%

Avg return

30 days after

51%

36 / 71 earnings

Positive

+20.4%

Q2 2016

Best reaction

-16.8%

Q3 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027
Q4 2026+13.3%+8.3%+4.7%
Q3 2026+4.4%+4.8%-7.8%
Q2 2026-3.8%-1.3%+0.9%
Q1 2026-7.1%-2.3%-4.6%
Q4 2025-13.3%-8.5%-28.3%
Q3 2025-5.2%-3.3%-3.9%
Q2 2025+14.4%+15.0%+16.5%
Q1 2025+18.0%+22.2%+17.2%
Q4 2024-2.2%-4.7%+2.9%
Q3 2024-0.1%+2.1%+11.3%
Q2 2024+2.5%+1.6%-7.0%
Q1 2024+7.5%+6.1%+14.4%
Q4 2023+0.9%-0.3%-5.2%
Q3 2023+16.3%+14.7%+13.6%
Q2 2023-4.1%-3.5%-11.7%
Q1 2023+10.3%+15.7%-1.8%
Q4 2022+5.2%+0.3%-10.4%
Q2 2022+8.7%+4.8%-5.3%
Q1 2022-0.6%-1.8%-3.3%
Q4 2021-11.6%-9.6%+5.1%
Q3 2021-6.7%-7.7%-16.0%
Q2 2021-4.3%-5.2%-10.7%
Q1 2021-5.7%-2.5%-0.4%
Q4 2020-7.9%-6.9%-24.0%
Q3 2020+8.7%+8.6%+18.3%
Q2 2020-7.8%-8.4%-1.1%
Q1 2020-4.7%-5.5%-2.4%
Q4 2019+14.1%+11.2%+17.8%
Q3 2019-0.2%+0.6%-19.0%
Q2 2019-4.9%-2.6%-4.2%
Q1 2019-9.9%-10.2%+0.4%
Q4 2018+0.8%+6.0%-3.4%
Q3 2018-2.6%-2.2%+14.0%
Q2 2018-13.3%-12.8%-9.0%
Q1 2018+17.0%+17.6%+9.4%
Q4 2017+1.6%-0.5%+11.4%
Q3 2017+10.7%+15.2%+16.2%
Q2 2017+20.4%+20.4%+17.3%
Q1 2017-2.8%-2.9%-7.8%
Q4 2016+3.1%
Q3 2016-2.6%
Q2 2016+20.4%
Q1 2016+1.6%
Q4 2015+3.0%
Q3 2015+7.0%
Q2 2015-0.9%
Q1 2015+6.5%
Q4 2014-3.1%
Q3 2014-11.1%
Q2 2014+9.8%
Q1 2014-4.3%
Q4 2013+8.3%
Q3 2013-15.9%
Q2 2013-2.4%
Q1 2013+2.2%
Q4 2012-11.0%
Q3 2012-16.8%
Q2 2012-3.8%
Q1 2012+5.5%
Q4 2011+1.9%
Q3 2011+0.6%
Q2 2011+0.7%
Q1 2010-0.2%
Q1 2011-3.6%
Q4 2010+2.6%
Q4 2008+2.6%
Q3 2010-2.4%
Q3 2009-2.4%
Q2 2010+0.9%
Q2 2009+0.9%
Q4 2009+0.9%

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