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Best Buy Inc Financials

BBY
Source SEC Filings (10-K/10-Q) Updated Mar 18, 2026 Currency USD FYE March

This page shows Best Buy Inc (BBY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 47 / 100
Financial Profile 47/100

Based on FY2026 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
39

Best Buy Inc has an operating margin of 7.7%, meaning the company retains $8 of operating profit per $100 of revenue. This results in a moderate score of 39/100, indicating healthy but not exceptional operating efficiency. This is up from 3.0% the prior year.

Growth
0

Best Buy Inc's revenue declined 56.6% year-over-year, from $41.5B to $18.0B. This contraction results in a growth score of 0/100.

Leverage
94

Best Buy Inc carries a low D/E ratio of 0.39, meaning only $0.39 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 94/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
17

Best Buy Inc's current ratio of 1.11 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 17/100, which could limit financial flexibility.

Cash Flow
42

Best Buy Inc has a free cash flow margin of 7.0%, earning a moderate score of 42/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns
91

Best Buy Inc earns a strong 36.1% return on equity (ROE), meaning it generates $36 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 91/100. This is up from 33.6% the prior year.

Altman Z-Score Grey Zone
2.55

Best Buy Inc scores 2.55, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Strong
7/9

Best Buy Inc passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed
1.84x

For every $1 of reported earnings, Best Buy Inc generates $1.84 in operating cash flow ($2.0B OCF vs $1.1B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe
29.6x

Best Buy Inc earns $29.6 in operating income for every $1 of interest expense ($1.4B vs $47.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue
$18.0B
YoY-56.6%
5Y CAGR-17.5%
10Y CAGR-7.5%

Best Buy Inc generated $18.0B in revenue in fiscal year 2026. This represents a decrease of 56.6% from the prior year.

EBITDA
$2.2B
YoY+4.3%
5Y CAGR-7.2%
10Y CAGR+0.9%

Best Buy Inc's EBITDA was $2.2B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.3% from the prior year.

Net Income
$1.1B
YoY+15.3%
5Y CAGR-9.9%
10Y CAGR+1.8%

Best Buy Inc reported $1.1B in net income in fiscal year 2026. This represents an increase of 15.3% from the prior year.

EPS (Diluted)
$5.04
YoY+17.8%
5Y CAGR-5.9%
10Y CAGR+7.0%

Best Buy Inc earned $5.04 per diluted share (EPS) in fiscal year 2026. This represents an increase of 17.8% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$1.3B
YoY-9.6%
5Y CAGR-21.5%
10Y CAGR+6.1%

Best Buy Inc generated $1.3B in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 9.6% from the prior year.

Cash & Debt
$1.7B
YoY+51.5%
5Y CAGR-16.5%
10Y CAGR-0.6%

Best Buy Inc held $1.7B in cash against $1.2B in long-term debt as of fiscal year 2026.

Dividends Per Share
$3.68
YoY-2.1%
5Y CAGR+10.8%
10Y CAGR+9.9%

Best Buy Inc paid $3.68 per share in dividends in fiscal year 2026. This represents a decrease of 2.1% from the prior year.

Shares Outstanding
209M
YoY-1.1%
5Y CAGR-3.5%
10Y CAGR-4.3%

Best Buy Inc had 209M shares outstanding in fiscal year 2026. This represents a decrease of 1.1% from the prior year.

Margins & Returns

Gross Margin
-79.2%
YoY-101.8pp
5Y CAGR-101.5pp
10Y CAGR-102.4pp

Best Buy Inc's gross margin was -79.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 101.8 percentage points from the prior year.

Operating Margin
7.7%
YoY+4.7pp
5Y CAGR+2.6pp
10Y CAGR+4.2pp

Best Buy Inc's operating margin was 7.7% in fiscal year 2026, reflecting core business profitability. This is up 4.7 percentage points from the prior year.

Net Margin
5.9%
YoY+3.7pp
5Y CAGR+2.1pp
10Y CAGR+3.7pp

Best Buy Inc's net profit margin was 5.9% in fiscal year 2026, showing the share of revenue converted to profit. This is up 3.7 percentage points from the prior year.

Return on Equity
36.1%
YoY+2.5pp
5Y CAGR-7.2pp
10Y CAGR+15.8pp

Best Buy Inc's ROE was 36.1% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 2.5 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$273.0M
YoY-45.4%
5Y CAGR-2.6%
10Y CAGR-12.2%

Best Buy Inc spent $273.0M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 45.4% from the prior year.

Capital Expenditures
$704.0M
YoY-0.3%
5Y CAGR-0.3%
10Y CAGR+0.8%

Best Buy Inc invested $704.0M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 0.3% from the prior year.

BBY Income Statement

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Revenue $9.7B+2.5% $9.4B+7.7% $8.8B-37.5% $14.0B+48.5% $9.4B+1.7% $9.3B+5.0% $8.8B-42.0% $15.3B
Cost of Revenue $7.4B+2.5% $7.2B+7.8% $6.7B-39.5% $11.1B+53.5% $7.2B+1.8% $7.1B+4.7% $6.8B-44.3% $12.2B
Gross Profit $2.2B+2.5% $2.2B+7.1% $2.0B-30.1% $2.9B+32.3% $2.2B+1.4% $2.2B+5.9% $2.1B-33.1% $3.1B
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $1.9B+3.0% $1.8B+6.3% $1.7B-23.5% $2.2B+20.2% $1.9B+3.4% $1.8B+4.2% $1.7B-27.1% $2.4B
Operating Income $198.0M-21.1% $251.0M+14.6% $219.0M-29.4% $310.0M-11.4% $350.0M-8.6% $383.0M+22.8% $312.0M-44.3% $560.0M
Interest Expense $12.0M0.0% $12.0M0.0% $12.0M-7.7% $13.0M0.0% $13.0M0.0% $13.0M+8.3% $12.0M-14.3% $14.0M
Income Tax $64.0M-5.9% $68.0M+257.9% $19.0M-88.6% $167.0M+96.5% $85.0M-15.8% $101.0M+26.3% $80.0M-32.8% $119.0M
Net Income $140.0M-24.7% $186.0M-7.9% $202.0M+25.5% $161.0M-41.0% $273.0M-6.2% $291.0M+18.3% $246.0M-46.3% $458.0M
EPS (Diluted) $0.66-24.1% $0.87-8.4% $0.95 N/A $1.26-6.0% $1.34+18.6% $1.13 N/A

BBY Balance Sheet

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Total Assets $16.8B+10.1% $15.3B+8.0% $14.1B-4.4% $14.8B-13.1% $17.0B+8.9% $15.6B+5.9% $14.8B-1.4% $15.0B
Current Assets $10.6B+19.1% $8.9B+17.0% $7.6B-7.8% $8.2B-17.4% $10.0B+16.3% $8.6B+10.4% $7.8B-1.8% $7.9B
Cash & Equivalents $923.0M-36.6% $1.5B+26.9% $1.1B-27.3% $1.6B+145.4% $643.0M-53.6% $1.4B+14.3% $1.2B-16.1% $1.4B
Inventory $8.0B+37.4% $5.8B+12.0% $5.2B+2.1% $5.1B-34.9% $7.8B+36.8% $5.7B+9.2% $5.2B+5.4% $5.0B
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill $790.0M-13.0% $908.0M0.0% $908.0M0.0% $908.0M-34.3% $1.4B0.0% $1.4B0.0% $1.4B0.0% $1.4B
Total Liabilities $14.1B+12.7% $12.5B+10.3% $11.4B-5.1% $12.0B-14.1% $13.9B+11.3% $12.5B+7.3% $11.7B-2.0% $11.9B
Current Liabilities $10.1B+18.2% $8.6B+15.4% $7.4B-7.5% $8.0B-19.4% $9.9B+17.7% $8.5B+10.5% $7.6B-3.3% $7.9B
Long-Term Debt $1.2B-0.8% $1.2B+1.0% $1.2B+0.8% $1.1B0.0% $1.1B-1.1% $1.2B+2.0% $1.1B-1.6% $1.2B
Total Equity $2.7B-2.3% $2.7B-1.7% $2.8B-1.6% $2.8B-8.9% $3.1B-0.8% $3.1B+0.8% $3.1B+0.9% $3.1B
Retained Earnings $2.3B-3.1% $2.4B-1.9% $2.4B-2.3% $2.5B-9.6% $2.8B-0.9% $2.8B+1.9% $2.7B+1.5% $2.7B

BBY Cash Flow Statement

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Operating Cash Flow -$99.0M-113.2% $749.0M+2102.9% $34.0M-97.8% $1.5B+700.4% -$256.0M-138.7% $661.0M+323.7% $156.0M-86.8% $1.2B
Capital Expenditures $188.0M+7.4% $175.0M+5.4% $166.0M-6.7% $178.0M-7.8% $193.0M+5.5% $183.0M+20.4% $152.0M-16.9% $183.0M
Free Cash Flow -$287.0M-150.0% $574.0M+534.8% -$132.0M-109.7% $1.4B+402.7% -$449.0M-193.9% $478.0M+11850.0% $4.0M-99.6% $997.0M
Investing Cash Flow -$186.0M+8.4% -$203.0M-22.3% -$166.0M+8.8% -$182.0M-7.1% -$170.0M+8.1% -$185.0M-10.8% -$167.0M+7.7% -$181.0M
Financing Cash Flow -$234.0M+13.0% -$269.0M+11.8% -$305.0M+26.9% -$417.0M-24.5% -$335.0M-9.8% -$305.0M-21.0% -$252.0M+7.4% -$272.0M
Dividends Paid $199.0M-1.0% $201.0M-0.5% $202.0M+1.0% $200.0M-1.0% $202.0M-0.5% $203.0M+0.5% $202.0M+2.0% $198.0M
Share Buybacks $35.0M-46.2% $65.0M-35.0% $100.0M-53.5% $215.0M+56.9% $137.0M+39.8% $98.0M+96.0% $50.0M-28.6% $70.0M

BBY Financial Ratios

Metric Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Gross Margin 23.2%-0.0pp 23.3%-0.1pp 23.4%+2.5pp 20.9%-2.6pp 23.5%-0.1pp 23.5%+0.2pp 23.3%+3.1pp 20.2%
Operating Margin 2.1%-0.6pp 2.7%+0.2pp 2.5%+0.3pp 2.2%-1.5pp 3.7%-0.4pp 4.1%+0.6pp 3.5%-0.1pp 3.7%
Net Margin 1.5%-0.5pp 2.0%-0.3pp 2.3%+1.1pp 1.1%-1.7pp 2.9%-0.2pp 3.1%+0.4pp 2.8%-0.2pp 3.0%
Return on Equity 5.3%-1.6pp 6.9%-0.5pp 7.3%+1.6pp 5.7%-3.1pp 8.9%-0.5pp 9.4%+1.4pp 8.0%-7.0pp 15.0%
Return on Assets 0.8%-0.4pp 1.2%-0.2pp 1.4%+0.3pp 1.1%-0.5pp 1.6%-0.3pp 1.9%+0.2pp 1.7%-1.4pp 3.1%
Current Ratio 1.050.0 1.04+0.0 1.020.0 1.03+0.0 1.00-0.0 1.010.0 1.01+0.0 1.00
Debt-to-Equity 0.440.0 0.43+0.0 0.420.0 0.41+0.0 0.370.0 0.370.0 0.370.0 0.38
FCF Margin -3.0%-9.0pp 6.1%+7.6pp -1.5%-11.2pp 9.7%+14.4pp -4.8%-9.9pp 5.1%+5.1pp 0.1%-6.5pp 6.5%

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Frequently Asked Questions

Best Buy Inc (BBY) reported $18.0B in total revenue for fiscal year 2026. This represents a -56.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Best Buy Inc (BBY) revenue declined by 56.6% year-over-year, from $41.5B to $18.0B in fiscal year 2026.

Yes, Best Buy Inc (BBY) reported a net income of $1.1B in fiscal year 2026, with a net profit margin of 5.9%.

Best Buy Inc (BBY) reported diluted earnings per share of $5.04 for fiscal year 2026. This represents a 17.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Best Buy Inc (BBY) had EBITDA of $2.2B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2026, Best Buy Inc (BBY) had $1.7B in cash and equivalents against $1.2B in long-term debt.

Best Buy Inc (BBY) had a gross margin of -79.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

Best Buy Inc (BBY) had an operating margin of 7.7% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

Best Buy Inc (BBY) had a net profit margin of 5.9% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Yes, Best Buy Inc (BBY) paid $3.68 per share in dividends during fiscal year 2026.

Best Buy Inc (BBY) has a return on equity of 36.1% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

Best Buy Inc (BBY) generated $1.3B in free cash flow during fiscal year 2026. This represents a -9.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Best Buy Inc (BBY) generated $2.0B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

Best Buy Inc (BBY) had $14.7B in total assets as of fiscal year 2026, including both current and long-term assets.

Best Buy Inc (BBY) invested $704.0M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Yes, Best Buy Inc (BBY) spent $273.0M on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

Best Buy Inc (BBY) had 209M shares outstanding as of fiscal year 2026.

Best Buy Inc (BBY) had a current ratio of 1.11 as of fiscal year 2026, which is considered adequate.

Best Buy Inc (BBY) had a debt-to-equity ratio of 0.39 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

Best Buy Inc (BBY) had a return on assets of 7.3% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

Best Buy Inc (BBY) has an Altman Z-Score of 2.55, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Best Buy Inc (BBY) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Best Buy Inc (BBY) has an earnings quality ratio of 1.84x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Best Buy Inc (BBY) has an interest coverage ratio of 29.6x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Best Buy Inc (BBY) scores 47 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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