(Mark One)☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF1934 For the fiscal year endedFebruary 2, 2025or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF1934For the transition period fromtoCommission file number1-8207 THEHOME DEPOT, INC. (Exact name of registrant as specified in its charter) Delaware 95-3261426 (State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) New York Stock Exchange Securities registered pursuant to section 12(g) of the Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act.Yes☒No☐ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrantwas required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smallerreportingcompany☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to § 240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act).Yes☐No☒The aggregate market value of voting common stock held by non-affiliates of the registrant on July26, 2024 was $356.9billion.The number of shares outstanding of the registrant’s common stock as of March5, 2025 was994,032,168shares. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant’s proxy statement for the 2025 Annual Meeting of Shareholders are incorporated by reference in PartIII of thisForm10-K to the extent described herein. TABLE OF CONTENTS Item1.Business.1Item1A.Risk Factors.9Item1B.Unresolved Staff Comments.21Item 1C.Cybersecurity.22Item2.Properties.23Item3.Legal Proceedings.25Item 4.Mine Safety Disclosures.25 Item5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities.26Item6.Reserved.27Item7.Management’s Discussion and Analysis of Financial Condition and Results of Operations.27Item7A.Quantitative and Qualitative Disclosures About Market Risk.35Item8.Financial Statements and Supplementary Data.36Item9.Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.71Item9A.Controls and Procedures.72Item9B.Other Information.74Item9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.74 Item10.Directors, Executive Officers and Corporate Governance.74Item11.Executive Compensation.75Item12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.75Item13.Certain Relationships and Related Transactions, and Director Independence.76Item14.Principal Accountant Fees and Services.76 Item15.Exhibits and Financial Statement Schedules.76Item 16.Form 10-K Summary.79 SIGNATURES80 COMMONLY USED OR DEFINED TERMS FORWARD-LOOKING STATEMENTS Certain statements contained herein, as well as in other filings we make with the SEC and other written and oralinformation we release, including statements regarding our performance, estimates, expectations, beliefs, intentions,projections, strategies for the future, or other events or developments in the future may constitute “forward-lookingstatements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based oncurrently available information and our current assumptions, expectations and projections about future events, and usewords such