v3.25.3
Revenue (Tables)
 9 Months Ended
Oct. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Revenue Sources
The following table presents the Company’s sources of revenue:
(In millions)Three Months EndedNine Months Ended
October 31, 2025November 1, 2024October 31, 2025November 1, 2024
Products $19,676 $19,304 $62,817 $62,699 
Services753 532 1,953 1,612 
Other384 334 931 809 
Net sales$20,813 $20,170 $65,701 $65,120 
Schedule of Anticipated Sales and Right of Return Assets The balances and classification within the consolidated balance sheets for anticipated sales returns and the associated right of return assets are as follows:
(In millions)ClassificationOctober 31,
2025		November 1,
2024		January 31,
2025
Anticipated sales returnsOther current liabilities$207 $212 $167 
Right of return assetsOther current assets122 123 99 
Schedule of Deferred Revenue Deferred revenue for retail and stored-value cards are as follows:
(In millions)October 31,
2025		November 1,
2024		January 31,
2025
Retail deferred revenue$1,080 $878 $770 
Stored-value cards deferred revenue457 481 588 
Deferred revenue$1,537 $1,359 $1,358 
Deferred revenue - Lowe’s protection plans
The Company defers revenues for its separately-priced long-term extended protection plan contracts (Lowe’s protection plans) and recognizes revenue on a straight-line basis over the respective contract term. Expenses for claims are recognized in cost of sales when incurred.
(In millions)October 31,
2025		November 1,
2024		January 31,
2025
Deferred revenue - Lowe’s protection plans$1,273 $1,260 $1,268 

Three Months EndedNine Months Ended
(In millions)October 31, 2025November 1, 2024October 31, 2025November 1, 2024
Lowe’s protection plans deferred revenue recognized into sales$144 $141 $430 $420 
Lowe’s protection plans claim expenses63 54 182 158 
Schedule of Disaggregated Revenue
The following table presents the Company’s net sales disaggregated by merchandise division:
Three Months EndedNine Months Ended
October 31, 2025November 1, 2024October 31, 2025November 1, 2024
(In millions)Net Sales%Net Sales%Net Sales%Net Sales%
Home Décor1
$7,802 37.5 %$7,565 37.5 %$23,729 36.1 %$23,421 36.0 %
Building Products2
6,875 33.0 6,726 33.3 20,508 31.2 20,452 31.4 
Hardlines3
5,116 24.6 5,306 26.3 19,324 29.4 19,639 30.2 
Other1,020 4.9 573 2.9 2,140 3.3 1,608 2.4 
Total$20,813 100.0 %$20,170 100.0 %$65,701 100.0 %$65,120 100.0 %
Note: Merchandise division net sales for the prior period have been reclassified to conform to the current period presentation.
1    Home Décor includes the following product categories: Appliances, Décor, Flooring, Kitchens & Bath, and Paint.
2    Building Products includes the following product categories: Building Materials, Electrical, Lumber, Millwork, and Rough Plumbing.
3    Hardlines includes the following product categories: Hardware, Lawn & Garden, Seasonal & Outdoor Living, and Tools.