Company file · BBY
Best Buy
Best Buy's revenue rose 0.4% in FY2026, to $41.7B, and net income rose 15.3% to $1.1B
Revenue rose 0.4% to $41.7B in FY2026, from $41.5B in FY2025. Net income rose 15.3% to $1.1B. Domestic was the largest segment, at 92% of revenue.
Key facts
Best Buy (NYSE: BBY) closed fiscal 2026 on Jan 31, 2026 with revenue of $41.7B, up 0.4% from a year before; net income came to $1.1B, up 15.3%. Its newest quarterly report covers the three months to Aug 1, 2026: revenue of $9.8B, up 3.6% on the same stretch of the prior year, and net income of $315M. Broken down by segment, Domestic led with 92% of fiscal 2026 revenue. Sources: 10-K for fiscal 2026 (filed Mar 18, 2026) and 10-Q for the quarter ended Aug 1, 2026 (filed Sep 4, 2026).
Source: 10-K FY2026, filed Mar 18, 2026
Source: 10-Q filed Jun 5, 2026 · 10-Q filed Sep 4, 2026
How it makes money
By segment, FY2026
Source: 10-K FY2026, XBRL breakdown
By segment in FY2026: Domestic (92%) and International (8%), as shares of total revenue. Total revenue was $41.7B.
Source: 10-K FY2026
By region, FY2026
Share is of the FY2026 total; the last column is the change from FY2025.
Learn more: Revenue vs. net income · Gross, operating and net margin
What changed last quarter
Comparing Q2 FY2027 (May to Jul 2026) compared with Q2 FY2026 (May to Jul 2025)
Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.
Q2 FY2027Q2 FY2026
Company
Source: Best Buy 10-Q for the quarter ended Aug 1, 2026, filed Sep 4, 2026
The bull case and the bear case
The bull case
- Revenue rose 0.4% in FY2026 to $41.7B, from $41.5B a year earlier. 10-K, FY2026
- Net income rose 15.3% in FY2026 to $1.1B, from $927M. 10-K, FY2026
- Diluted shares fell 2.1% in FY2026, so each share represents a larger slice of profit. 10-K, FY2026
- Revenue in the quarter ended Aug 1, 2026 was $9.8B, up 3.6% on a year earlier. 10-Q, quarter ended Aug 1, 2026
The bear case
- Operating cash flow fell 6.5% in FY2026 to $2.0B. 10-K, FY2026
- The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include consumer spending; competition; costs. 10-K, Item 1A
What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.
What the company does
Best Buy is in the computer & electronics retail industry, part of the consumer discretionary sector. The SEC files it under Retail-Radio, Tv & Consumer Electronics Stores.
Best Buy reports 2 segments: Domestic and International.
Its fiscal year ends in January; the latest, FY2026, ended Jan 31, 2026.
Source: 10-K, Item 1 Business
Risks common in this industry
These are general risks for companies in the computer & electronics retail industry. They are not a summary of Best Buy’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.
- Consumer spendingShoppers cut back on non-essentials when budgets are tight.
- CompetitionRivals, online sellers and changing tastes pressure prices and traffic.
- CostsWages, freight and product costs can squeeze margins.
- Supply chain and tariffsImported goods make it sensitive to trade policy and shipping disruptions.
- Brand and reputationProduct problems or public criticism can hurt demand.
Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)
Three years of key numbers
Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.
| US$ | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | $43.5B | $41.5B | $41.7B |
| Net income | $1.2B | $927M | $1.1B |
| Operating cash flow | $1.5B | $2.1B | $2.0B |
| Cash & equivalents (year end) | $1.4B | $1.6B | $1.7B |
| Total debt (year end) | – | $1.2B | $1.2B |
| Diluted shares | 218M | 217M | 212M |
- Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
- Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
- Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
- Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
- Total debt: Debt and finance lease obligations, including the part due within one year, at carrying value, as the company totals it.
- Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.
Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator
Explainers for this page
- Segment reporting
- Net debt and net cash
- Debt-to-equity ratio
- The cash flow statement
- Risk factors (Item 1A)
- Restructuring charges
- Cash conversion cycle
Plain-English guides to terms this file uses, with real numbers from filings.
About these numbers
- Best Buy names its fiscal year by the calendar year in which it ends, so FY2026 is the year that ended Jan 31, 2026.
Recent filings
| Form | Filed | Period |
|---|---|---|
| 10-Q | Sep 4, 2026 | Aug 1, 2026 |
| 10-Q | Jun 5, 2026 | May 2, 2026 |
| DEF 14A | Apr 30, 2026 | Jun 12, 2026 |
| 10-K | Mar 18, 2026 | Jan 31, 2026 |
Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters
Common questions about Best Buy
How does Best Buy make money?
Fiscal 2026 revenue: $41.7B. By segment in FY2026: Domestic (92%) and International (8%), as shares of total revenue. Total revenue was $41.7B. Source: 10-K for fiscal 2026, filed Mar 18, 2026.
What was Best Buy's revenue in fiscal 2026?
$41.7B, up 0.4% from fiscal 2025 ($41.5B). The year ended Jan 31, 2026; for fiscal 2024 the figure was $43.5B. Source: 10-K for fiscal 2026, filed Mar 18, 2026.
Is Best Buy profitable?
Net income was $1.1B in fiscal 2026 (up 15.3%; fiscal 2025 was $927M). That counts as a GAAP profit. The latest quarter, ended Aug 1, 2026: net income was $315M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2026, filed Mar 18, 2026.
What did Best Buy report in its latest quarterly filing?
For the three months to Aug 1, 2026: revenue $9.8B (up 3.6% from $9.4B) and net income $315M (up 69.4% from $186M). Source: 10-Q for the quarter ended Aug 1, 2026, filed Sep 4, 2026.
How much cash and debt does Best Buy have?
As of Aug 1, 2026: $2.3B of cash and cash equivalents, $1.2B of total debt. Total debt here is debt and finance lease obligations, including the part due within one year, at carrying value, as the company totals it. Source: 10-Q filed Sep 4, 2026.
What are the main risks Best Buy faces?
Best Buy's own risk factors are in Item 1A of its 10-K for fiscal 2026, filed Mar 18, 2026. Risks that are common among companies in the computer & electronics retail industry include Consumer spending; competition; costs; supply chain and tariffs; brand and reputation. The first: Shoppers cut back on non-essentials when budgets are tight. Source: 10-K, Item 1A Risk Factors.
Where do these Best Buy numbers come from?
The 10-K filed Mar 18, 2026 (fiscal 2026) and the 10-Q filed Sep 4, 2026 (quarter ended Aug 1, 2026), as published in the SEC's XBRL data. Click any number to open the filing it came from. Methodology explains how fiscal years and missing numbers are handled.
Tracked funds that report owning Best Buy
- Citadel Advisors: 3,335,494 shares, reported value $253.1M at Jun 30, 2026 (+476.7% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
- Millennium Management: 1,241,617 shares, reported value $94.2M at Jun 30, 2026 (+116.1% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
- Renaissance Technologies: 1,221,600 shares, reported value $92.7M at Jun 30, 2026 (−15.7% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 13, 2026.
- Point72 Asset Management: 1,206,058 shares, reported value $91.5M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 14, 2026.
- Two Sigma Investments: 72,919 shares, reported value $5.5M at Jun 30, 2026 (−20.9% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.
Disclosures
- Editor holdings in BBY
- The editor holds no position in Best Buy (BBY). As of Nov 11, 2026. The editor holds shares of Tesla (TSLA) and SpaceX in a long-term retirement account.
- Trading rule
- The editor does not buy or sell BBY from 3 days before to 3 days after this page is published or substantively updated.
- Compensation
- Nobody paid for this page. No affiliate links on this page.
- Sources
- The company's SEC filings, linked next to each number or, for charts, in the source line under them.
- Last updated
- Nov 10, 2026
General education, the same for every reader. Not a recommendation to buy, sell or hold BBY, and it doesn't consider your situation.
Compare with peers
| Company | Fiscal year | Revenue | Revenue growth | Net income |
|---|---|---|---|---|
| Best BuyBBY | FY2026 | $41.7B | +0.4% | $1.1B |
| AmazonAMZN | FY2025 | $716.9B | +12.4% | $77.7B |
| TeslaTSLA | FY2025 | $94.8B | −2.9% | $3.8B |
| Home DepotHD | FY2025 | $164.7B | +3.2% | $14.2B |
Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.
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New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.