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Lowe's Companies (LOW)
NYSE:LOW
US Market
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Lowe's (LOW) Operating Expense Breakdown

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Operating Expense Breakdown

Breaks out costs like store wages, distribution, marketing, and corporate overhead to show how efficiently the company controls expenses and where management is investing to support growth or improve margins.
SG&A fell from pandemic peaks into a multi‑year trough, then reaccelerated in 2025–26 — not a cost shock but an intentional step‑up tied to acquisitions, staffing/fulfillment investments and higher transportation costs; depreciation & amortization has risen steadily with a sharp jump in late 2025, reflecting bigger capex and acquisition‑related amortization. Together these trends explain the near‑term margin compression management warned about: expenses are being layered in to support Total Home, Pro and AI, so watch PPI delivery and margin recovery versus guidance to judge whether the investments pay off.
Date
Selling, General, and Administrative
Depreciation and Amortization
Jun 30, 2026
$4.46B$572.00M
Mar 31, 2026
$4.42B$566.00M
Dec 31, 2025
$4.41B$564.00M
Sep 30, 2025
$4.16B$475.00M
Jun 30, 2025
$4.17B$457.00M
Mar 31, 2025
$4.05B$446.00M
Dec 31, 2024
$3.82B$445.00M
Sep 30, 2024
$3.83B$433.00M
Jun 30, 2024
$4.03B$423.00M
Mar 31, 2024
$4.01B$428.00M