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BBY

Best Buy Co., Inc.

BBY

Best Buy Co., Inc. • NYSE
$79.31 ▼ -2.06% (-1.67)
Market Cap $16.66 B
52w High $91.72
52w Low $54.99
Dividend Yield 3.79%
P/E 26.18
Volume 2.40M
Outstanding Shares 210.10M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2026 $9.672B ▲ $1.863B ▲ $140M ▼ 1.447% ▼ $0.67 ▼ $217M ▼
Q2-2026 $9.438B ▲ $1.825B ▲ $186M ▼ 1.971% ▼ $0.88 ▼ $476M ▲
Q1-2026 $8.767B ▼ $1.716B ▼ $202M ▲ 2.304% ▲ $0.95 ▲ $445M ▼
Q4-2025 $13.948B ▲ $2.701B ▲ $117M ▼ 0.839% ▼ $0.55 ▼ $452M ▼
Q3-2025 $9.445B $1.867B $273M 2.89% $1.27 $582M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2026 $923M ▼ $16.786B ▲ $13.577B ▲ $3.209B ▲
Q2-2026 $1.876B ▲ $15.253B ▲ $12.537B ▲ $2.716B ▼
Q1-2026 $1.147B ▼ $14.128B ▼ $11.365B ▼ $2.763B ▼
Q4-2025 $1.578B ▲ $14.782B ▼ $11.974B ▼ $2.808B ▼
Q3-2025 $643M $17.018B $13.936B $3.082B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2026 $140M ▼ $-99M ▼ $-186M ▲ $-234M ▲ $-790M ▼ $-287M ▼
Q2-2026 $186M ▼ $749M ▲ $-203M ▼ $-269M ▲ $278M ▲ $574M ▲
Q1-2026 $202M ▲ $34M ▼ $-166M ▲ $-305M ▲ $-433M ▼ $-132M ▼
Q4-2025 $117M ▼ $1.537B ▲ $-182M ▼ $-417M ▼ $930M ▲ $1.359B ▲
Q3-2025 $273M $-256M $-170M $-335M $-760M $-449M

Revenue by Products

Product Q3-2025Q4-2025Q1-2026Q2-2026
Appliances
Appliances
 $1.12Bn ▲$1.37Bn ▲$1.06Bn ▼$1.15Bn ▲
Computing And Mobile Phones
Computing And Mobile Phones
 $4.45Bn ▲$6.22Bn ▲$4.12Bn ▼$4.28Bn ▲
Consumer Electronics
Consumer Electronics
 $2.62Bn ▲$4.25Bn ▲$2.41Bn ▼$2.55Bn ▲
Domestic Segment
Domestic Segment
 $0 ▲$0 ▲$0 ▲$8.70Bn ▲
Entertainment
Entertainment
 $530.00M ▲$1.28Bn ▲$490.00M ▼$750.00M ▲
International Segment
International Segment
 $0 ▲$0 ▲$0 ▲$740.00M ▲
Other Segment
Other Segment
 $80.00M ▲$90.00M ▲$80.00M ▼$90.00M ▲
Services
Services
 $650.00M ▲$740.00M ▲$620.00M ▼$620.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Best Buy’s sales have come down from the pandemic peak and have drifted lower for several years, reflecting softer demand for consumer electronics and a more cautious consumer. Despite that, its core profitability per dollar of sales has held reasonably steady at the gross margin level, suggesting the company is still managing pricing, product mix, and vendor relationships fairly well. Where the pressure shows is further down the income statement. Operating and net profits are clearly lower than a few years ago, as fixed costs, wage inflation, and more promotional activity weigh on results. There are signs of some recent margin stabilization, but earnings are still below their earlier highs. Overall, the business remains solidly profitable, but it is operating in a more normal, less boosted environment than during the pandemic surge.

Balance Sheet

Balance Sheet The balance sheet has gradually slimmed down. Total assets and cash balances have declined from prior years, while debt has stayed fairly steady. Equity has also shrunk, which likely reflects a mix of share buybacks, dividends, and lower retained earnings. This combination means the company is leaner but also running with a thinner cushion. Debt does not appear excessive in absolute terms, but with less cash and lower equity than before, there is less balance-sheet flexibility than during earlier, more cash-rich years. It’s a solid but more tightly wound financial position that depends on continued healthy cash generation.

Cash Flow

Cash Flow Best Buy still generates healthy cash from its operations, but cash inflows have stepped down from the very strong levels seen a few years ago. Free cash flow remains clearly positive after capital spending, which itself has been kept relatively modest and consistent. This indicates a business that continues to throw off cash even in a more challenging sales environment. The drop from prior peaks does reduce the room for aggressive shareholder returns and big investments at the same time, but current cash generation still looks sufficient to comfortably support ongoing operations, capex, and a measured level of capital returns, as long as trends don’t deteriorate sharply.

Competitive Edge

Competitive Edge Best Buy’s core strength is its position as the go-to physical and digital destination for electronics and related services. Its brand is well known and generally trusted, and its network of stores doubles as showrooms and local fulfillment hubs, supporting fast pickup and delivery. This omnichannel setup is difficult for smaller rivals to replicate and gives it an edge versus purely online players for complex, higher-touch purchases. The Geek Squad service, in-store expertise, and membership programs deepen customer relationships and create switching costs: once customers rely on Best Buy for setup, repairs, and ongoing support, they are less likely to shop purely on price. At the same time, competition from big-box retailers, online marketplaces, and direct-to-consumer brands remains intense, especially on commodity products and pricing. Best Buy’s advantage looks durable but “narrow” — it must keep executing well on service and experience to stay ahead.

Innovation and R&D

Innovation and R&D Innovation at Best Buy is less about lab-style R&D and more about using technology and new business models to improve the customer experience and expand into adjacent markets. On the retail side, the company has invested in tools that integrate online, mobile, and in-store experiences — for example, empowering staff with apps that provide real-time product and customer information, and using digital shelf labels and analytics to manage pricing and inventory. These efforts aim to make shopping smoother and more personalized. Strategically, Best Buy is pushing beyond traditional electronics retail. The membership program bundles tech support, protection plans, and logistics benefits into a recurring-fee model. The new third‑party marketplace broadens its assortment and supports an advertising business, with relatively light inventory risk. The health-technology push — including remote monitoring, “hospital at home” support, and senior-focused devices — targets a structurally growing area with more service and subscription potential. These moves carry execution and regulatory risk, especially in healthcare, but they also offer higher-margin, less cyclical revenue streams if scaled successfully.

Summary

Best Buy today looks like a mature but adaptable retailer transitioning from a pandemic windfall back to a more normal demand environment. Sales and earnings are lower than a few years ago, but core profitability remains intact and appears to be stabilizing. The balance sheet is still sound, though leaner, with less cash and equity cushion than before, making ongoing cash generation more important. The company’s edge comes from its trusted brand, omnichannel footprint, and service capabilities like Geek Squad and membership programs, which help differentiate it from low-price, online-only competitors. At the same time, it competes in a highly competitive, discretionary category that is sensitive to economic cycles and product upgrade cycles. Looking ahead, the main opportunities lie in deepening services and subscriptions, scaling the online marketplace, and building out the health-technology platform. The key uncertainties are whether consumer electronics demand will remain subdued, how aggressively competitors will price, and whether new initiatives can grow fast enough and profitably enough to offset pressure in the core retail business.

NEWS

November 26, 2025 · 8:00 AM UTC

Best Buy Announces Regular Quarterly Cash Dividend

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November 25, 2025 · 7:00 AM UTC

Best Buy Reports Third Quarter Results

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November 5, 2025 · 9:01 AM UTC

IKEA U.S. and Best Buy unveil new in-store kitchen and laundry planning centers

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October 28, 2025 · 5:54 PM UTC

Woojer Partners with Texas Logistic & Fulfillment Services to Power QC, Software Updates, and Nationwide Distribution to Best Buy, Costco, and Sam's Club

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October 26, 2025 · 9:00 AM UTC

Hohem Lands in Best Buy Stores with AI Gimbals

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