Best Buy (BBY) Q4 2026 earnings summary

Executive summary

• Q4 revenue was $13.8 billion, with adjusted operating income rate of 5% and adjusted EPS of $2.61, both up year-over-year.

• Q4 comparable sales declined 0.8% year-over-year, within guidance, with market share at least flat.

• Operating income margin improved to 5.2% in Q4 FY26 from 1.6% in Q4 FY25.

• Customer experience metrics and NPS reached 11-quarter highs.

• Quarterly dividend increased 1% to $0.96 per share, marking 13 consecutive years of increases.

Financial highlights

• Q4 enterprise revenue decreased 1% year-over-year to $13.8 billion; full-year revenue was $41.69 billion.

• Domestic revenue down 1.1% to $12.6 billion; international revenue up 0.5% to $1.24 billion.

• Domestic gross profit rate flat at 20.9%; international gross profit rate down to 20.5%.

• Net earnings for Q4 FY26 were $541 million, up from $117 million in Q4 FY25.

• Returned $1.1 billion to shareholders via dividends and share repurchases in fiscal 2026.

Outlook and guidance

• Fiscal 2027 revenue guidance: $41.2–$42.1 billion; comparable sales of -1% to +1%.

• Adjusted operating income rate expected at 4.3–4.4%; adjusted EPS of $6.30–$6.60.

• Gross profit rate to improve by ~30 basis points, driven by growth in Ads and Marketplace.

• Capital expenditures planned at $750 million; $300 million in share repurchases, mainly in Q4.

• Q1 comparable sales expected at +1%, with tax refund spending and new product launches benefiting March and April.