BBYBest Buy

Consumer discretionary · Electronics Retail · NYSE

We were incorporated in the state of Minnesota in 1966. 10-K, Item 1

Employees: 82,000
Headquarters: Richfield, MN
CEO: Jason J. Bonfig
Next results: around Nov 24, 2026

The biggest changes in the 10-K filed 2026-03-18, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.

Net income

+15.3% Big change FY to 2026-01-31 vs 2025-02-01

The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.

Cash from operations

-6.5% FY to 2026-01-31 vs 2025-02-01

“The decrease in cash provided by operating activities in fiscal 2026 was primarily driven by cash outflows from accounts payable due to the timing of inventory purchases and payments.”
Read it in the 10-K ↗

Operating margin

3.0% → 3.3% (+0.3 pts) FY to 2026-01-31 vs 2025-02-01

“Operating income rate increased in fiscal 2026, primarily due to lower goodwill and intangible asset impairments, partially offset by higher restructuring charges.”
Read it in the 10-K ↗

“Domestic segment adjusted operating income rate increased slightly in fiscal 2026, primarily due to a favorable adjusted SG&A rate.”
Read it in the 10-K ↗

Gross margin

22.6% → 22.5% (-0.1 pts) FY to 2026-01-31 vs 2025-02-01

“Domestic segment gross profit rate remained effectively unchanged in fiscal 2026, primarily due to lower product margin rates, mostly offset by rate improvement within the services category and growth in Best Buy Ads.”
Read it in the 10-K ↗

“International segment gross profit rate decreased in fiscal 2026, primarily due to lower product margin rates and unfavorable supply chain costs, partially offset by marketplace growth.”
Read it in the 10-K ↗

Revenue

+0.4% FY to 2026-01-31 vs 2025-02-01

“In fiscal 2026, we generated $41.7 billion in revenue, compared to $41.5 billion in fiscal 2025, and our comparable sales grew 0.5%, primarily driven by comparable sales growth in computing and mobile phones, partially offset by comparable sales declines in home theater and appliances.”
Read it in the 10-K ↗

“Domestic segment revenue increased slightly in fiscal 2026, primarily driven by comparable sales growth in computing, gaming and mobile phones, mostly offset by comparable sales declines in home theater and appliances.”
Read it in the 10-K ↗

Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗

Work on BBY in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/BBY/export.csv") into a cell.