At a glance
Best Buy Co. Inc is worth $20.16B, about 19 times its fiscal 2026 earnings. Revenue grew 0.4% to $41.69B in fiscal 2026, with 2.6% kept as profit; over 5 years it has grown 2.5% a year. It pays a 3.98% dividend yield, raised every year for at least 8 years, and returned $9.52B to shareholders in dividends and buybacks over FY2022–FY2026. The stock returned +23.2% over the past year with dividends reinvested and −0.4% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 44.3% in the 2020 crash (S&P 500: 33.7%) and 40.7% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 4 months and 23 months after the lows.
The business in plain English
Best Buy is a consumer technology retailer serving customers in the U.S. and Canada online, in stores and in their homes. It had 1,068 stores at the end of fiscal 2026, which ended January 31, 2026. It reports six revenue categories: computing and mobile phones; consumer electronics such as TVs and headphones; appliances; entertainment, including gaming; services; and other products such as baby and outdoor living items.
Best Buy makes money by reselling products it buys from brands, and by selling services such as delivery, installation, repair, technical support, warranties, paid memberships and advertising. It also earns commissions from mobile carriers and from its online marketplace, and sells its own brands, such as Insignia. Margins are thin. In fiscal 2026, gross margin (the share of sales left after paying for the goods) was 22.5%, and operating margin (profit after store and overhead costs) was 3.3%.
Best Buy reports two segments. Domestic covers the U.S. plus the Best Buy Health business. It brought in $38.3 billion, or 91.8% of $41.7 billion in fiscal 2026 revenue. International covers Canada and brought in $3.4 billion, or 8.2%. Sales are seasonal. A large share of revenue and earnings comes in the fiscal fourth quarter, which includes most of the holiday shopping season.
Price history
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BBY +23.2% over the year to Nov 2, 2026, total return with dividends reinvested.
How it makes money
By business segment
| Domestic | $38.28B | 91.8% |
| International | $3.41B | 8.2% |
By geography
| U.S. | $38.28B | 91.8% |
| Canada | $3.41B | 8.2% |
Latest results
- In Q2 FY2027 (ended Aug 1, 2026), revenue was $9.78B, up 3.6% from a year earlier, and net income was $315.0M (+69.4%).
- For fiscal 2026, revenue was $41.69B (+0.4% year over year; -2.5% a year from FY2021 to FY2026) with a 2.6% net margin.
Financial health check
| Revenue growth a year (FY2021–FY2026) | -2.5% weak |
|---|---|
| Operating margin | 3.3% weak |
| Free cash flow margin | 3% watch |
| Return on equity (FY2026) | 36.1% good |
| Return on assets (FY2026) | 7.3% watch |
| Net cash (cash minus debt) | $1.09B good |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $47.26B | $1.80B | $4.21B |
| FY2022 | $51.76B | $2.45B | $2.52B |
| FY2023 | $46.30B | $1.42B | $894.0M |
| FY2024 | $43.45B | $1.24B | $675.0M |
| FY2025 | $41.53B | $927.0M | $1.39B |
| FY2026 | $41.69B | $1.07B | $1.26B |
Valuation snapshot
| Market value | $20.16B |
|---|---|
| P/E ratio | 19.1 |
| Dividend yield | 3.98% |
Rank among 1514 US companies
Market value at each year end
Best Buy Co.’s market value went from $13.39B at the end of 2016 to $20.16B on Nov 2, 2026, up 51%; since the end of 2025 it is up 44%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Nov 2, 2026 | $20.16B | +43.8% |
| 2025 | $14.02B | -23.5% |
| 2024 | $18.34B | +8.8% |
| 2023 | $16.86B | -5.0% |
| 2022 | $17.75B | -27.4% |
| 2021 | $24.44B | -5.4% |
| 2020 | $25.84B | +13.7% |
| 2019 | $22.72B | +59.4% |
| 2018 | $14.25B | -28.8% |
| 2017 | $20.02B | +49.5% |
| 2016 | $13.39B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| BBY price data to Nov 2, 2026 | +49.3% | +23.2% | +18.8% | -0.4% | +13.7% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +49.3% |
| 2025 | -17.8% |
| 2024 | +14.3% |
| 2023 | +2.5% |
| 2022 | -17.5% |
| 2021 | +4.5% |
| 2020 | +16.8% |
| 2019 | +70.5% |
| 2018 | -20.6% |
| 2017 | +64.5% |
| 2016 | +46.7% |
| 2015 | -18.8% |
| 2014 | +0.1% |
| 2013 | +244.2% |
| 2012 | -47.3% |
| 2011 | -30.2% |
| 2010 | -11.8% |
| 2009 | +43.2% |
| 2008 | -45.9% |
| 2007 | +7.8% |
| 2006 | +13.9% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 49.4% over that stretch · deepest drop along the way 66.9%, back to its old high 95.9 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 43.7% over that stretch · deepest drop along the way 44.3%, back to its old high 4 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 36% over that stretch · deepest drop along the way 40.7%, back to its old high 22.6 months after the low |
Insider activity
Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 0 open-market purchases and 21 sales ($190.1M), 7 of them under pre-arranged 10b5-1 trading plans.
| Date | Insider | Type | Value |
|---|---|---|---|
| Jul 13, 2026 | Richard M Schulze Chairman Emeritus | sell (plan) | $27.7M |
| Sep 16, 2026 | Richard M Schulze Chairman Emeritus | sell | $22.9M |
| Jul 13, 2026 | Richard M Schulze Chairman Emeritus | sell (plan) | $20.6M |
| Jun 26, 2026 | Richard M Schulze Chairman Emeritus | sell | $17.6M |
| Jun 25, 2026 | Richard M Schulze Chairman Emeritus | sell | $15.1M |
Who owns it
Large shareholders (13G filings)
| Vanguard Capital Management | 7.06% | Mar 31, 2026 |
| STATE STREET CORPORATION | 6.6% | Dec 31, 2024 |
ETFs with the most weight in BBY
| VLLU Harbor AlphaEdge Large Cap Value ETF | 2.09% |
| STNC Hennessy Stance ESG ETF | 1.94% |
| KNGZ First Trust S&P 500 Diversified Dividend Aristocrats ETF | 1.6% |
| VSDA VictoryShares Dividend Accelerator ETF | 1.59% |
| XUDV Franklin U.S. Dividend Multiplier Index ETF | 1.18% |
| FLOW Global X U.S. Cash Flow Kings 100 ETF | 1.14% |
| BKWO BNY Mellon Women's Opportunities ETF | 1.09% |
| SPYD SPDR Portfolio S&P 500 High Dividend ETF | 1.04% |
What could go wrong
- Five brands supply over half its goods. Apple, Samsung, HP, LG and Sony made up about 55% of merchandise purchased in fiscal 2026. Best Buy generally lacks long-term contracts that would require these vendors to keep supplying it.
- Tariffs and trade tensions can raise costs. Best Buy imports only 1% to 3% of its assortment directly, but its vendors rely on imports from China, Mexico and Southeast Asia. Tariffs can raise costs it may struggle to pass on.
- Heavy dependence on the holiday quarter. Best Buy relies heavily on cash flow and earnings from its fiscal fourth quarter, which includes most of the holiday shopping season. A weak holiday period can drag down the full year's results.
- Price competition from lower-cost rivals. Rivals include e-commerce businesses, other retailers and vendors selling direct. Some have lower costs and compete mainly on price. Best Buy matches some rivals' prices, and its operating margin was 3.3% in fiscal 2026.
- Sales swing with tech product cycles. Tech products age quickly, and demand rises and falls with product launch cycles. Sales can fall when no major new device drives upgrades, or when consumer tastes change.
- Shoppers can delay big-ticket upgrades. Many of its products are discretionary, wants rather than needs. Inflation, high interest rates, job losses or a weak housing market can lead customers to delay purchases, upgrade less often or pick cheaper models.
Recent events
- Quarterly results released
- Executive or board change
- Executive or board change
- Shareholder vote results
- Quarterly results released
- Executive or board change
- Quarterly results released
- Executive or board change; Investor presentation or announcement
- Quarterly results released
For income and retirement investors
Best Buy has raised its regular dividend for 8 straight years. Dividends per share grew from $2.20 in fiscal 2021 to $3.80 in fiscal 2026, or 11.6% a year, though the fiscal 2026 increase was small, from $3.76. That year's dividend used 74.9% of earnings and 63.7% of free cash flow (cash left after capital spending). The yield was 3.95% as of October 28, 2026. Best Buy spent $5.6 billion on buybacks (repurchasing its own shares) from fiscal 2022 to fiscal 2026, and its share count fell 12.8% from December 2021 to September 2026. Buybacks slowed to $273 million in fiscal 2026.
In past downturns, the shares fell 66.9% in the 2008 financial crisis and took about eight years to recover. They fell 44.3% in the 2020 COVID crash, recovering in about four months, and 40.7% in the 2022 bear market, recovering in about 23 months. As a single stock, Best Buy carries more risk than a diversified fund.
Questions investors ask
How does Best Buy make money?
Best Buy makes money by selling computers, phones, TVs, appliances, gaming gear and other tech products, plus services such as delivery, installation, repair, tech support, memberships and advertising. It also earns commissions from mobile carriers and its online marketplace. In fiscal 2026, which ended January 31, 2026, revenue was $41.7 billion, with 91.8% from the U.S. and 8.2% from Canada. Profit margins are thin: net income was $1.07 billion, about 2.6 cents of profit per dollar of sales.
Does Best Buy raise its dividend every year?
Best Buy has raised its regular dividend for 8 years in a row, through fiscal 2026. Dividends per share rose from $2.20 in fiscal 2021 to $3.80, or 11.6% a year, but the fiscal 2026 increase was small, from $3.76. The dividend used 74.9% of fiscal 2026 earnings and 63.7% of free cash flow, which leaves less room for fast increases unless profits grow. The yield was 3.95% as of October 28, 2026. Dividends are not guaranteed.
Is Best Buy's revenue growing?
Not much. Revenue hit $51.8 billion in fiscal 2022, then fell to $41.5 billion in fiscal 2025 before edging up 0.4% to $41.7 billion in fiscal 2026. Over the five years from fiscal 2021, revenue shrank about 2.5% a year. In the second quarter of fiscal 2027, which ended August 1, 2026, revenue rose 3.6% from a year earlier to $9.78 billion, and net income rose 69.4% to $315 million.
How much debt does Best Buy have?
Not much compared with its cash. As of August 1, 2026, Best Buy had $1.17 billion of total debt and $2.26 billion in cash and investments. That left about $1.09 billion of net cash (cash minus debt). Its annual report still flags risks from tighter banking and capital markets, vendor credit terms and possible credit rating changes, any of which could raise its borrowing costs.
How has Best Buy stock performed over the long term?
Unevenly. As of October 28, 2026, the share price had gained about 13.7% a year over 10 years, but only 0.2% a year over five years. It rose 50.5% in 2026 through October 28, after falling 17.8% in 2025. These are share-price returns, so they leave out dividends. The stock has had deep drops. Its worst peak-to-trough fall in about 21 years of price history was 78.2%, and its worst fall in the 12 months to October 28, 2026, was 32%.