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Consumer Discretionary · NYSE: BBY

Best Buy: how the business works

Best Buy sells computers, phones, TVs and appliances, plus installation, repair and memberships, through 1,068 stores and online in the US and Canada, with revenue of $41.7 billion in FY2026 (February 2025 to January 2026).

By · Checked against filings: . Editorial policy. Corrections

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Best Buy Co., Inc. · Richfield, Minnesota · Founded 1966

Updated for Q2 FY2027 · checked

Revenue, FY2026 (ended Jan 31, 2026)
$41.7B
Operating income, FY2026
$1.39B
Net income, FY2026
$1.07B
Stores, Aug 1, 2026
1,068
Employees, Jan 31, 2026
~82,000

For learning only. Cityfort is not a registered investment adviser or broker-dealer and does not recommend buying or selling any security. Prices shown are dated and may be out of date.

The short version

Best Buy in 5 points

  1. 1 · What it sells

    Best Buy sells computers, phones, TVs, appliances and games, plus installation, repair and memberships, through 1,068 stores and online in the US and Canada, with revenue of $41.7 billion in FY2026 (February 2025 to January 2026).

    More: what it sells

  2. 2 · Who pays it

    Best Buy's filings give no split by type of customer; by segment, shoppers in the US paid 91.8% of FY2026 revenue and shoppers in Canada 8.2%.

    More: who pays it

  3. 3 · What it keeps from $100

    Of every $100 that came in during FY2026, Best Buy kept $2.6 as net income, after $0.9 of restructuring, impairment and disposal charges; operating income per $100 of revenue was $3.3.

    More: what it keeps from $100

  4. 4 · Where the operating profit comes from

    In FY2026, Domestic (the US) earned $1,670 million of segment operating income, 93.6% of the total, and International (Canada) $115 million, or 6.4%, before $396 million of restructuring, impairment and amortization charges.

    More: where the operating profit comes from

  5. 5 · The one thing to watch

    In Q2 FY2027 (May 3 to Aug 1, 2026), comparable sales rose 4.1% and gross margin was 23.9%, including about $34 million of tariff refunds, against 23.2% a year earlier.

    More: the one thing to watch

Sources: From Best Buy's FY2026 10-K, its Q2 FY2027 earnings release and 10-Q, and its Mar 3, 2026 earnings call · checked

See the full receipt and the management scorecard below

Sources (3)
Next: Where $100 goes

01Where the money goes · FY2026 (February 2025 to January 2026)

Where does $100 of Best Buy's money go?

Of every $100 that came in (revenue plus other income), this is where it went.

Best Buy · FY2026 (February 2025 to January 2026)

Receipt for every $100

Where $100 of Best Buy's money went in FY2026 (February 2025 to January 2026)
Cost of sales$77.4
Selling, general and administrative (SG&A)$18.3
Restructuring, impairments and disposal loss$0.9
Interest expense$0.1
Income taxes$0.8
Kept as net income$2.6
Total$100

Each line = amount ÷ total money in × 100. Lines may not add to exactly $100 because of rounding.

How this is worked out

Cityfort calculation from FY2026 10-K. Of every $100 that came in during FY2026 (revenue plus $70 million of investment income, other income and income from affiliates): each line = line ÷ $41.76 billion × 100. The $0.9 line holds $190 million of restructuring, a $171 million Best Buy Health impairment and a $6 million disposal loss.

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Sources (1)
Next: The business in one line

Each week: one company explained in 5 points, picked by earnings date.

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02The business in one line

What does Best Buy do?

Shoppers in the US and Canada pay Best Buy for tech products and services; $77.4 of every $100 that came in during FY2026 went on cost of sales, and $2.6 was left as net income.

  • FY2026 ran from February 2025 to January 2026 (it ended Jan 31, 2026). Best Buy names each year after the calendar year it ends in.
  • Revenue was $41.7 billion in FY2026, down from $51.8 billion in FY2022. Comparable sales rose 4.1% in Q2 FY2027.
Next: Who pays it

03Who pays it

Who pays Best Buy?

  • Shoppers in the US (Domestic segment)

    92%

    of revenue

    People and businesses buying in 926 US stores and online: 91.8% of FY2026 revenue ($38.3 billion). Online sales were $13.2 billion, 34.4% of Domestic revenue. Best Buy Health is in this segment.

  • Shoppers in Canada (International segment)

    8%

    of revenue

    142 stores in Canada at Jan 31, 2026, including 12 stand-alone Best Buy Mobile stores: 8.2% of FY2026 revenue ($3.4 billion).

  • Brands that buy advertising (Best Buy Ads)

    Not disclosed

    Management said on Mar 3, 2026 that gross advertising collections were just over $900 million in FY2026. They mostly reduce cost of goods sold, with a small part in revenue, so they have no share of revenue here.

  • Third-party sellers (Best Buy Marketplace)

    Not disclosed

    Sellers list goods on Best Buy's websites and pay commissions, which sit inside Services revenue above. The US marketplace launched in August 2025, and Canada already had one.

  • Shoppers in the US (Domestic segment)92%
  • Shoppers in Canada (International segment)8%

How spread out the customers are

Best Buy's filings do not split revenue by type of customer. The concentration is on the supply side: its 20 largest suppliers were about 80% of FY2026 merchandise purchases, and Apple, Samsung, HP, LG and Sony about 55%.

Sources (2)
Next: Why it makes money

04Why it makes money

Why does Best Buy make money?

Best Buy keeps about $22.5 of each $100 of sales after product costs, and stores and staff take most of that, so small sales changes move profit a lot.

Gross margin, the share left after cost of sales, barely moved: 22.4% in FY2021 and 22.5% in FY2026. Revenue fell 19.5% from FY2022 to FY2026, but SG&A fell only 11.7%, from $8.6 billion to $7.6 billion. So operating income per $100 of revenue fell from $5.9 in FY2022 to $3.3.

Operating income per $100 of revenue

$5.1$3.3

FY2021 to FY2026

  1. Shoppers buy laptops, phones, TVs and appliances in 1,068 stores and online
  2. Best Buy buys most of them from five brands, which supply about 55% of its purchases
  3. $22.5 of each $100 of FY2026 revenue was left after cost of sales
  4. Services, memberships, advertising and marketplace commissions add to that gross profit
  5. SG&A takes $18.3 of each $100, leaving $3.3 of operating income
  6. Cash goes to dividends and buybacks: $1,074 million in FY2026

↺ Step 6 feeds back into step 1.

Sources (3)
Next: Business segments

05Business segments · FY2026 (February 2025 to January 2026)

Which businesses make up Best Buy?

  • Domestic

    92%

    All US operations, including Best Buy Health: 91.8% of revenue. Segment operating income was $1,670 million, 93.6% of the segment total, or $4.4 per $100 of its revenue. Comparable sales rose 0.4%.

    Revenue $38.3B · Operating profit $1.7B

  • International

    8%

    Canada: 8.2% of revenue. Segment operating income was $115 million, 6.4% of the segment total, or $3.4 per $100 of its revenue. Comparable sales rose 2.3%.

    Revenue $3.4B · Operating profit $115M

How the mix changed

  • Domestic
  • International

Revenue by segment, FY2024 to FY2026.

US$

See the numbers
How the mix changed (US$)
YearDomesticInternational
FY2024$40.1B$3.4B
FY2025$38.2B$3.3B
FY2026$38.3B$3.4B
Sources (1)
Next: How has it done

06The numbers · Consolidated · US$

How has Best Buy done?

Revenue

$41.7BFY2026

Revenue fell from $51.8 billion in FY2022 to $41.5 billion in FY2025, was $41.7 billion in FY2026 (February 2025 to January 2026), and rose 3.6% in Q2 FY2027.

US$

See the numbers
Revenue (US$)
PeriodRevenue (US$)
FY2021$47.3B
FY2022$51.8B
FY2023$46.3B
FY2024$43.5B
FY2025$41.5B
FY2026$41.7B
Q3 FY2025$9.4B
Q4 FY2025$13.9B
Q1 FY2026$8.8B
Q2 FY2026$9.4B
Q3 FY2026$9.7B
Q4 FY2026$13.8B
Q1 FY2027$8.9B
Q2 FY2027$9.8B

Net profit

$1.1BFY2026

Net income fell from $2.5 billion in FY2022 to $927 million in FY2025, which carried a $475 million Best Buy Health goodwill impairment, and was $1.07 billion in FY2026.

US$

See the numbers
Net profit (US$)
PeriodNet profit (US$)EPS ($)
FY2021$1.8B$6.84
FY2022$2.5B$9.84
FY2023$1.4B$6.29
FY2024$1.2B$5.68
FY2025$927M$4.28
FY2026$1.1B$5.04
Q3 FY2025$273M$1.26
Q4 FY2025$117M$0.54
Q1 FY2026$202M$0.95
Q2 FY2026$186M$0.87
Q3 FY2026$140M$0.66
Q4 FY2026$541M$2.56
Q1 FY2027$276M$1.31
Q2 FY2027$315M$1.48

Profit kept per $100 of revenue

$2.6FY2026

Net income per $100 of revenue fell from $4.7 in FY2022 to $2.6 in FY2026, while operating income per $100 fell from $5.9 to $3.3.

$ of profit per $100 of revenue (net margin)

See the numbers
Profit kept per $100 of revenue ($ of profit per $100 of revenue (net margin))
YearNet marginEBITDA margin
FY20213.8%6.8%
FY20224.7%7.6%
FY20233.1%5.9%
FY20242.9%5.7%
FY20252.2%5.1%
FY20262.6%5.3%

Free cash flow

$1.3BFY2026

Cash from operations minus spending on property and equipment, Cityfort calculation from FY2023 10-K and FY2026 10-K, fell from $4.2 billion in FY2021 to $1.26 billion in FY2026.

US$ · cash from operations minus spending on plants and equipment

See the numbers
Free cash flow (US$ · cash from operations minus spending on plants and equipment)
YearCash from operationsCapital spendingFree cash flow
FY2021$4.9B$713M$4.2B
FY2022$3.3B$737M$2.5B
FY2023$1.8B$930M$894M
FY2024$1.5B$795M$675M
FY2025$2.1B$706M$1.4B
FY2026$2.0B$704M$1.3B
See all yearly numbers
Best Buy annual financials, FY2021–FY2026, US$
YearRevenueEBITDANet profitEPS ($)Operating cashCapexFree cash
FY2021$47.3B$3.2B$1.8B$6.84$4.9B$713M$4.2B
FY2022$51.8B$3.9B$2.5B$9.84$3.3B$737M$2.5B
FY2023$46.3B$2.7B$1.4B$6.29$1.8B$930M$894M
FY2024$43.5B$2.5B$1.2B$5.68$1.5B$795M$675M
FY2025$41.5B$2.1B$927M$4.28$2.1B$706M$1.4B
FY2026$41.7B$2.2B$1.1B$5.04$2.0B$704M$1.3B

EBITDA here = operating income plus depreciation and amortization (from the cash flow statement). Fiscal years are the company's own (Saturday nearest the end of January. Best Buy names each fiscal year after the calendar year it ends in: FY2026 ran from Feb 2, 2025 to Jan 31, 2026, and Q2 FY2027 from May 3 to Aug 1, 2026. FY2024 had 53 weeks; the extra week added about $675 million of US and $60 million of Canadian revenue.). Net profit is the share belonging to the company's owners.

Download Best Buy's yearly and quarterly numbers (CSV, with source ids)

Learn: Fiscal years that don't end in December: Nvidia's FY2027 explained · Stock-based compensation and dilution: pay that becomes shares

Sources (14)
Next: What they said, and what happened

07Who runs it

Who runs Best Buy, and did they deliver?

  • Jason Bonfig

    Chief Executive Officer and director · since 2026

    Took over as CEO on Nov 1, 2026, under the succession plan announced on Apr 22, 2026, and joined the Board then. He joined Best Buy in 1999 as an inventory analyst and led the US Marketplace launch and the scaling of Best Buy Ads.

  • Corie Barry

    Former Chief Executive Officer; strategic advisor · since 2019

    CEO from June 2019, after serving as CFO. Under the April 2026 plan she stepped down as CEO and director on Oct 31, 2026, and stays as a strategic advisor for six months.

  • Anne Bramman

    Executive Vice President and Chief Financial Officer · since 2026

    CFO from Aug 19, 2026, after Matt Bilunas left on Jul 31, 2026. She was previously chief financial and growth officer of Circana and CFO of Nordstrom.

  • David Kenny

    Chair of the Board

    Named as Board chair in the Apr 22, 2026 CEO succession release.

  • Richard M. Schulze

    Founder and Chairman Emeritus

    Not an executive and not on the Board. He held 6.1% of shares after sales on May 29, 2026.

What they said, and what happened

3 delivered · 4 too early to tell

  1. Said on Mar 4, 2025

    Best Buy guided on Mar 4, 2025 to FY2026 revenue of $41.4 billion to $42.2 billion, comparable sales growth of 0.0% to 2.0%, an adjusted operating income rate of 4.2% to 4.4% and adjusted diluted EPS of $6.20 to $6.60.

    What happened

    Revenue was $41.7 billion, comparable sales rose 0.5%, the adjusted operating income rate was 4.3% and adjusted diluted EPS was $6.43. On May 29, 2025 Best Buy had cut the comparable sales range to -1% to +1%, citing tariffs.

    Delivered

  2. Said on Nov 25, 2025

    Best Buy guided on Nov 25, 2025 to FY2026 revenue of $41.65 billion to $41.95 billion and adjusted diluted EPS of $6.25 to $6.35.

    What happened

    Revenue was $41.69 billion, inside the range, and adjusted diluted EPS was $6.43, above it.

    Delivered

  3. Said on Mar 3, 2026

    Best Buy guided on Mar 3, 2026 to Q1 FY2027 comparable sales growth of about 1% and an adjusted operating income rate of about 3.9%.

    What happened

    Comparable sales rose 2.0% and the adjusted operating income rate was 4.1%.

    Delivered

  4. Said on Mar 3, 2026

    Management said on Mar 3, 2026 that it expects Best Buy Ads gross advertising collections to grow about 10% in FY2027.

    What happened

    Management said on Aug 27, 2026 that Ads was on track for 10% growth this year. Best Buy does not report Ads revenue.

    Too early to tell

  5. Said on May 28, 2026

    Management said on May 28, 2026 that it expects at least $1.2 billion of US Marketplace merchandise value in FY2027.

    What happened

    On Aug 27, 2026 management put Q2 FY2027 at about $300 million and said it now expects $1.3 billion for the year.

    Too early to tell

  6. Said on Aug 27, 2026

    Best Buy guided on Aug 27, 2026 to FY2027 revenue of $42.3 billion to $42.8 billion and comparable sales growth of 1.9% to 3.0%.

    What happened

    First-half revenue was $18.7 billion, up 2.8% from $18.2 billion a year earlier. Q3 FY2027 results were not out when this page was written.

    Too early to tell

  7. Said on Aug 27, 2026

    Management said on Aug 27, 2026 that it expects about 9 million paid members by the end of FY2027, from just over 8 million in February.

    What happened

    Best Buy gives member counts only on earnings calls.

    Too early to tell
Sources (17)
Next: What could go wrong

08What could go wrong

What could go wrong for Best Buy?

  • Concentration

    Five suppliers, about 55% of purchases

    Best Buy's 20 largest suppliers were about 80% of FY2026 merchandise purchases, and Apple, Samsung, HP, LG and Sony about 55%. The 10-K says it generally has no long-term contracts requiring them to keep supplying it.

    Watch Supplier shares in each 10-K, and any change in terms with the largest brands.

  • Regulation

    Tariffs on imported electronics

    Best Buy directly imports only about 1% to 3% of its assortment, but its 10-K says vendors rely heavily on imports from China, Mexico and Southeast Asia, so results are highly sensitive to tariffs. Q2 FY2027 gross profit includes about $34 million of tariff refunds.

    Watch Gross margin, and any tariff refunds named in each release.

  • Demand

    Demand for gadgets goes in cycles

    Revenue fell three years in a row, from $51.8 billion in FY2022 to $41.5 billion in FY2025, then was $41.7 billion in FY2026. Comparable sales fell 9.9% in FY2023 and 6.8% in FY2024.

    Watch Comparable sales by category each quarter.

  • Competition

    Price competition on thin margins

    The 10-K says some rivals have lower cost structures and compete mainly on price, and Best Buy matches prices from certain stores and online sellers. Operating income was $3.3 per $100 of revenue in FY2026.

    Watch Gross margin and operating margin each quarter.

  • Demand

    Dependence on the holiday quarter

    Q4 brought $13.8 billion, or 33.1%, of FY2026 revenue. Operating cash flow was negative in Q3 of both FY2025 and FY2026, as inventory was built before the holidays.

    Watch Q4 FY2027 revenue and comparable sales against Q4 FY2026.

  • Execution

    New ventures and write-downs

    Best Buy wrote down $475 million of Best Buy Health goodwill in FY2025 and $171 million of goodwill and intangibles in FY2026, after a change in that unit's customer base, and exited part of it. The 10-K says new strategies such as Ads and Marketplace carry uncertainty and could lead to impairments.

    Watch Best Buy Health goodwill, $298 million at Jan 31, 2026, and Ads and Marketplace updates.

  • Execution

    New CEO and CFO in the same year

    Anne Bramman became CFO on Aug 19, 2026, and Jason Bonfig became CEO on Nov 1, 2026, following Corie Barry's seven years as CEO.

    Watch Strategy and guidance in the first results under the new CEO.

  • Debt

    Store leases larger than debt

    Operating lease liabilities were $2,964 million at Aug 1, 2026, against $1,169 million of debt. Operating lease obligations at Jan 31, 2026 were $3,347 million, with $739 million due within a year.

    Watch Lease liabilities and store count in each 10-Q.

Sources (11)
Next: Supporters vs. critics

09Both sides

What do supporters and critics point to?

Facts each side points to. We don't say which side is right.

What supporters point to

  • Comparable sales rose 2.0% in Q1 FY2027 and 4.1% in Q2 FY2027, and Computing and Mobile Phones comparable sales rose 6.8% in Q2.
  • Cash was $2,255 million and debt $1,169 million at Aug 1, 2026, and the 10-K states BBB+ (S&P) and A3 (Moody's) ratings.
  • The dividend per share rose every year from $2.20 in FY2021 to $3.80 in FY2026, and is $0.96 a quarter in FY2027.
  • Management said on Mar 3, 2026 that Best Buy Ads gross collections were just over $900 million in FY2026, up more than 7%.
  • Best Buy raised its FY2027 revenue and comparable sales guidance on Aug 27, 2026.

What critics point to

  • Revenue was $41.7 billion in FY2026, against $51.8 billion in FY2022.
  • Net income per $100 of revenue was $2.6 in FY2026, against $4.7 in FY2022.
  • Apple, Samsung, HP, LG and Sony supplied about 55% of FY2026 merchandise purchases.
  • Best Buy Health led to impairments of $475 million in FY2025 and $171 million in FY2026.
  • Q2 FY2027 gross margin of 23.9% includes about $34 million of tariff refunds, and Entertainment comparable sales fell 6.3%.
Next: What to watch next

10What to watch next

What should you watch next at Best Buy?

Next event

Q3 FY2027 results

Date not announced yet.

  • The holiday quarter

    Q4 brought $13.8 billion, or 33.1%, of FY2026 revenue. Best Buy guided on Aug 27, 2026 to Q3 FY2027 comparable sales growth of 1.0% to 3.0%.

  • Tariff refunds in margins

    Q2 FY2027 gross margin was 23.9%, including about $34 million of tariff refunds, against 23.2% a year earlier. Best Buy says a further $41 million received on Sep 2, 2026 will be recorded in Q3 FY2027.

  • New CEO and newer revenue streams

    Jason Bonfig became CEO on Nov 1, 2026. Management said on Aug 27, 2026 it expects about $1.3 billion of US Marketplace merchandise value and about 10% growth in Ads collections in FY2027.

Next: Key facts

11Key facts

Key facts about Best Buy

What does Best Buy do?
Best Buy Co., Inc. sells computers, phones, TVs, appliances and games, plus installation, repair, tech support and memberships, in the US and Canada. It had 1,068 stores on Aug 1, 2026. Revenue was $41.7 billion in FY2026 (February 2025 to January 2026), and online sales were 34.4% of US revenue.
How does Best Buy make money?
Best Buy's business model is buying products from brands such as Apple, Samsung, HP, LG and Sony and reselling them, plus fees for services. In FY2026 (February 2025 to January 2026), cost of sales took $32.3 billion of its $41.7 billion of revenue, a gross margin of 22.5%. Services, which include memberships, repair, advertising and marketplace commissions, were $3.21 billion of US revenue on the May 2026 recast basis.
Is Best Buy profitable?
Yes. Best Buy's net income was $1.07 billion in FY2026 (February 2025 to January 2026), or $2.6 per $100 of revenue, after $361 million of restructuring and impairment charges. Operating income was $1.39 billion. In Q2 FY2027 (May 3 to Aug 1, 2026), net income was $315 million, up from $186 million a year earlier.
What is Best Buy's revenue by segment?
Best Buy reports two segments. In FY2026 (February 2025 to January 2026), Domestic (the US, including Best Buy Health) had revenue of $38.3 billion, or 91.8%, and International (Canada) had $3.4 billion, or 8.2%. Domestic earned $1,670 million of segment operating income and International $115 million, measured before restructuring, impairment and amortization charges.
Who owns Best Buy?
Best Buy has one class of common stock, with one vote per share and 209.7 million shares on Sep 2, 2026. Its 18 directors and executive officers together beneficially owned 0.50% on Mar 30, 2026, including options and restricted stock units. Filings show BlackRock with 11.08% (Dec 31, 2023 data, as used in the 2026 proxy), Vanguard Capital Management with 7.06% (Mar 31, 2026), State Street with 6.69% (Dec 31, 2024 data) and founder Richard M. Schulze with 6.1% (May 29, 2026).
How much do computers and phones bring Best Buy?
Best Buy's Computing and Mobile Phones category, which covers laptops, desktops, phones, tablets, networking and wearables, had US revenue of $17.8 billion in FY2026 (February 2025 to January 2026), on the May 2026 recast basis. That was 46.5% of Domestic revenue, up from $16.9 billion in FY2025.
How much do TVs and other consumer electronics bring Best Buy?
Best Buy's Consumer Electronics category, which covers TVs, home theater, headphones, speakers, cameras and smart home products, had US revenue of $10.4 billion in FY2026 (February 2025 to January 2026), on the May 2026 recast basis. That was 27.2% of Domestic revenue, down from $11.1 billion in FY2025.
How much do appliances bring Best Buy?
Best Buy's Appliances category, which covers refrigerators, laundry, ovens, dishwashers and small appliances such as vacuums and coffee makers, had US revenue of $4.1 billion in FY2026 (February 2025 to January 2026), on the May 2026 recast basis. That was 10.6% of Domestic revenue, down from $4.5 billion in FY2025.
How much do services bring Best Buy?
Best Buy's Services category, which covers advertising, delivery, installation, marketplace commissions, memberships, repair, tech support and warranty-related services, had US revenue of $3.21 billion in FY2026 (February 2025 to January 2026), on the May 2026 recast basis. That was 8.4% of Domestic revenue, against $3.17 billion in FY2025. Before the recast moved credit card and digital content revenue into Services, FY2026 Services were $2.47 billion.
How much does gaming and entertainment bring Best Buy?
Best Buy's Entertainment category, which covers gaming hardware and software, drones, toys and virtual reality, had US revenue of $2.6 billion in FY2026 (February 2025 to January 2026), on the May 2026 recast basis. That was 6.7% of Domestic revenue, up from $2.4 billion in FY2025. In Q2 FY2027, Entertainment comparable sales fell 6.3%.
Sources (7)
Next: Go deeper

Terms on this page

Each explains the term in plain English, with the same number from other companies on Cityfort.

Go deeper

More detail from the same filings. Open any section.

12What it sells

12What it sells

What does Best Buy sell?

Best Buy is a chain of consumer electronics stores in the US and Canada, with websites and apps. It resells laptops, phones, TVs, appliances and games made by other companies, and charges for services such as installation, repair and memberships. The US category figures below use the May 2026 recast.

  • Computing and Mobile Phones ($17.8B in FY2026, US)

    Laptops, desktops, phones (including carrier commissions), tablets, networking and smartwatches. 46.5% of Domestic revenue.

  • Consumer Electronics ($10.4B)

    TVs, soundbars and home theater, headphones and speakers, cameras, fitness gadgets and smart home products. 27.2% of Domestic revenue.

  • Appliances ($4.1B)

    Large appliances such as refrigerators, washers and ovens, and small ones such as blenders and vacuums. 10.6% of Domestic revenue.

  • Services ($3.21B)

    Geek Squad repair, set-up and tech support, delivery, installation, memberships, warranty-related services, advertising and marketplace commissions. 8.4% of Domestic revenue.

  • Entertainment ($2.6B)

    Gaming consoles, games and accessories, drones, toys and virtual reality. 6.7% of Domestic revenue.

  • Canada ($3.4B)

    The same six categories in 142 Canadian stores and online, reported as the International segment. Computing and Mobile Phones were $1.65 billion of it.

What it does

  • Does: Resells brands such as Apple, Samsung, HP, LG and Sony, plus its own brands such as Insignia, Rocketfish and Best Buy Essentials
  • Does: Delivers, installs and repairs products, including through Geek Squad, and sells paid memberships
  • Does: Sells advertising to brands (Best Buy Ads) and lets third-party sellers list on its websites for a commission (Best Buy Marketplace)

What it does not do

  • Does not: Does not make most of what it sells: it directly imports only about 1% to 3% of its assortment
  • Does not: Does not count most advertising money as revenue: management said on Mar 3, 2026 that it mostly reduces cost of goods sold
  • Does not: Does not split revenue by type of customer in its filings
Sources (2)
13How the money flows

13How the money flows · FY2026 (February 2025 to January 2026)

How does money flow through Best Buy?

Money in

  • Revenue$41.7B
  • Investment income and other, plus income from affiliates$70M

The company

Best Buy

$41.8B came in

Money out

  • Cost of sales$32.3B
  • Selling, general and administrative (SG&A)$7.6B
  • Restructuring, impairments and disposal loss$367M
  • Interest expense$47M
  • Income taxes$337M
  • Net income$1.1B
  1. Customers paid Best Buy $41.7 billion of revenue in FY2026 (February 2025 to January 2026), mostly for products.
  2. Buying those products and delivering services took $32.3 billion of cost of sales, leaving $9.4 billion of gross profit.
  3. Stores, staff, advertising and other running costs (SG&A) took $7.6 billion.
  4. Restructuring of $190 million and a $171 million Best Buy Health impairment left $1.39 billion of operating income.
  5. After $47 million of interest, $70 million of investment and other income, a $6 million disposal loss and $337 million of tax, $1.07 billion was net income.
Sources (1)
14What it needs to run

14What it needs to run

What does Best Buy need to run?

  • Stores

    1,068 stores at Aug 1, 2026 (926 in the US, 142 in Canada), down from 1,105 a year earlier and 1,159 at the end of FY2021. Stores also serve as pickup points and ship online orders.

  • Suppliers

    The 20 largest suppliers were about 80% of FY2026 merchandise purchases, and Apple, Samsung, HP, LG and Sony about 55%. Best Buy generally has no long-term contracts that require them to keep supplying it.

  • Inventory

    $6.30 billion of merchandise at Aug 1, 2026, up from $5.82 billion a year earlier. It peaks before the holidays: $7.99 billion at Nov 1, 2025.

  • People

    About 82,000 employees in the US and Canada at the end of FY2026, down from more than 90,000 at the end of FY2023.

  • Technology and supply chain

    Capital spending was $704 million in FY2026: $463 million on e-commerce and IT, $200 million on store projects and $41 million on supply chain.

Sources (5)
15Where growth could come from

15Where growth could come from

Where could Best Buy's growth come from?

Best Buy raised its FY2027 guidance (February 2026 to January 2027) on Aug 27, 2026. It expects revenue of $42.3 billion to $42.8 billion and comparable sales growth of 1.9% to 3.0%. It expects an adjusted operating income rate of 4.4% to 4.5% and adjusted diluted EPS of $6.70 to $6.90, both company measures. For Q3 FY2027 it expects comparable sales growth of 1.0% to 3.0%.
Management statement, Aug 27, 2026. Reported as a statement, not our forecast.

  • Best Buy Ads

    Working

    Just over $900M gross collections, FY2026

    Management said on Mar 3, 2026 that gross advertising collections rose more than 7% in FY2026, with 750 advertising partners. It expects about 10% growth in FY2027 and said on Aug 27, 2026 it was on track. Best Buy reports no Ads revenue or profit.

    Status: Working, on track against what the company said.

  • US Marketplace

    New

    About $300M of goods sold, Q2 FY2027

    Third-party sellers have listed on Best Buy's US websites since August 2025, and Best Buy earns commissions. Management said on Aug 27, 2026 it now expects about $1.3 billion of marketplace merchandise value in FY2027, up from at least $1.2 billion said on May 28.

    Status: New, recently announced.

  • Paid memberships

    Working

    Just over 8M paid members, Feb 2026

    Management said on Nov 25, 2025 that paid members of My Best Buy Plus and Total were nearly 8 million, up from 7 million a year before. On Aug 27, 2026 it said it expects about 9 million by the end of FY2027.

    Status: Working, on track against what the company said.

  • Computing and home theater

    Working

    Computing and phones comparable sales +6.8%, Q2 FY2027

    In Q2 FY2027, US comparable sales rose 4.5%. Best Buy credited computing, home theater and newer categories such as AI glasses and trading cards; gaming fell, with Entertainment comparable sales down 6.3%.

    Status: Working, on track against what the company said.

  • Meta labs in stores

    Early

    Over halfway through 50 spaces, Aug 2026

    Management said on Aug 27, 2026 that Best Buy was more than halfway through building 50 dedicated spaces of about 900 square feet for Meta products.

    Status: Early, too early to judge.

Status compares progress with what the company itself said it would do: Working = on track against what the company said; Mixed = partly on track; Behind = behind the company's own plan; New = recently announced; Early = too early to judge.

Sources (6)
16The company's own measures (non-GAAP)

16The company's own measures · FY2026 (February 2025 to January 2026) and Q2 FY2027 (May 3 to Aug 1, 2026)

What do Best Buy's own measures show?

Adjusted (non-GAAP) figures, comparable sales and the Ads, Marketplace and membership figures are Best Buy's own measures, shown next to the official (GAAP) number and never added together. The EBITDA and free cash flow in "The numbers" are Cityfort calculations from FY2023 10-K, FY2024 10-K and FY2026 10-K, not Best Buy's measures.

  • Official (GAAP): Operating income, FY2026

    $1.4B

    Company's own measure: Adjusted operating income, FY2026

    $1.8B

    Best Buy leaves out $190 million of restructuring, $171 million of goodwill and intangible impairments, a $21 million long-lived asset impairment and $14 million of amortization of acquired intangibles, $396 million in all.

  • Official (GAAP): Operating margin, FY2026

    3.3%

    Company's own measure: Adjusted operating income rate, FY2026

    4.3%

    Adjusted operating income ÷ revenue, with the same items left out.

  • Official (GAAP): Diluted EPS, FY2026

    $5.04

    Company's own measure: Adjusted diluted EPS, FY2026

    $6.43

    The same items, plus losses on a disposal and on investments, net of their tax effect.

  • Official (GAAP): Diluted EPS, FY2025

    $4.28

    Company's own measure: Adjusted diluted EPS, FY2025

    $6.37

    Mostly the $475 million Best Buy Health goodwill impairment, $2.19 a share before its tax effect.

  • Official (GAAP): Operating income, Q2 FY2027 (includes the refunds)

    $421M

    Company's own measure: Adjusted operating income, Q2 FY2027 (includes the refunds)

    $417M

    Lower than GAAP mainly because Best Buy also removes a $6 million restructuring credit, a reversal of earlier charges. Both figures include about $34 million of tariff refunds, which the adjusted figures do not remove.

  • Official (GAAP): Diluted EPS, Q2 FY2027 (includes the refunds)

    $1.48

    Company's own measure: Adjusted diluted EPS, Q2 FY2027 (includes the refunds)

    $1.47

    Same adjustments, net of tax.

  • Official (GAAP): Revenue growth, FY2026

    0.4%

    Company's own measure: Comparable sales growth, FY2026

    0.5%

    Change in sales at stores open at least 14 full months and in online, advertising, credit card and marketplace commission revenue, among others. Best Buy notes that retailers calculate this differently.

  • Official (GAAP): Revenue growth, Q2 FY2027

    3.6%

    Company's own measure: Comparable sales growth, Q2 FY2027

    4.1%

    Same definition. US comparable sales rose 4.5% and Canadian comparable sales fell 1.8%.

  • Official (GAAP): US Services revenue, FY2026 (May 2026 recast)

    $3.2B

    Company's own measure: Best Buy Ads gross advertising collections, FY2026 (just over)

    $900M

    Management said on Mar 3, 2026 that collections were just over $900 million, up more than 7%. They mostly reduce cost of goods sold, with a small part in Services revenue, so they are not revenue and are never added to it.

  • Official (GAAP): US Services revenue, Q2 FY2027

    $824M

    Company's own measure: US Marketplace merchandise value, Q2 FY2027 (about)

    $300M

    Management's approximate figure (Aug 27, 2026) for goods third-party sellers sold on Best Buy's US marketplace. Best Buy earns only commissions on it, counted in Services.

  • Official (GAAP)

    No official figure measures this; it is the company's own operating measure.

    Company's own measure: Paid members, February 2026 (just over)

    8 million

    Members of My Best Buy Plus and My Best Buy Total, as management said on Aug 27, 2026. Membership fees sit in Services revenue; filings give no member count.

These are the company's own measures, defined by the company. They are not comparable across companies, and they are not added together. Each sits beside the nearest official (GAAP) figure.

Learn: Non-GAAP measures: what a company's "adjusted" numbers leave out

Sources (6)
17Financial strength and debt

17Financial strength · Aug 1, 2026

How much debt does Best Buy have?

At Aug 1, 2026 cash exceeded debt by $1,086 million; operating lease liabilities of $2,964 million are not counted as debt here.
  • Total debt$1.2B
  • Cash and investments$2.3B
  • Net cash (cash minus debt)$1.1B
  • Net worth (shareholders' money)$3.2B
Debt to equity
0.37×
$ of debt for every $1 of shareholders' money
  • Net cash is a Cityfort calculation from Q2 FY2027 earnings release: cash and cash equivalents of $2,255 million minus debt of $1,169 million. It leaves out $279 million of restricted cash.
  • Debt is mainly two notes: $500 million due Oct 1, 2028 and $650 million due Oct 1, 2030, plus $36 million of finance leases at Jan 31, 2026. A $1.25 billion credit facility was undrawn.
  • Operating lease liabilities were $2,964 million at Aug 1, 2026 ($614 million current and $2,350 million long-term). Best Buy's operating lease obligations at Jan 31, 2026 were $3,347 million, with $739 million due within a year.
  • Net cash moves with the seasons: debt exceeded cash by $242 million at Nov 1, 2025, before the holidays, and cash exceeded debt by $562 million at Jan 31, 2026.
  • Stockholders' equity was $3,183 million at Aug 1, 2026, against $4,587 million at Jan 30, 2021, after years of buybacks.
Sources (6)
18Who owns it

18Who owns it · ownership as of Mar 30, 2026

Who owns Best Buy?

Best Buy has one class of common stock with one vote per share. The proxy's 18 directors and executive officers together beneficially owned 1,065,029 shares, or 0.50%, at Mar 30, 2026, including options and restricted stock units. Holder rows have different dates and are never added together.
Officers and directors (as a group), shares
0.5%
Share classes
Best Buy share classes: shares outstanding (millions) and votes per share
ClassShares (millions)Votes per shareHeld by% of shares% of votesTraded
Common stock (209,727,698 shares outstanding on Sep 2, 2026 (10-Q cover). Listed on the New York Stock Exchange as BBY. Preferred stock is authorized but none is issued.)209.71–––Yes
Holders of 5% or more
Best Buy holders of 5% or more, from the proxy statement or later Schedule 13G filings; each row shows its own date
HolderSharesVotesAs ofSourceNote
BlackRock, Inc.11.1%–Dec 31, 2023S17From the 2026 proxy, which uses a Schedule 13G/A filed Jan 24, 2024: 23,328,119 shares at Dec 31, 2023.
Vanguard Capital Management7.1%–Mar 31, 2026S18, S19Schedule 13G filed Apr 29, 2026: 14,778,078 shares. The Vanguard Group reported 0 shares in a Schedule 13G/A filed Mar 26, 2026, after a Jan 12, 2026 internal realignment moved reporting to subsidiaries. That is a change in reporting, as filed, and this row may not be Vanguard's total.
State Street Corporation6.7%–Dec 31, 2024S17From the 2026 proxy, which uses a Schedule 13G filed Feb 4, 2025: 14,089,734 shares at Dec 31, 2024.
Richard M. Schulze (founder)6.1%–May 29, 2026S20, S17Schedule 13D/A filed Jun 2, 2026: 12,859,275 shares after open-market sales on May 29, 2026. The 2026 proxy showed 13,552,541 shares, or 6.43%, at Mar 30, 2026.

From the company's proxy statement (DEF 14A), later Schedule 13G filings and the share counts on its latest annual or quarterly report. Each holder row shows the date of its own filing.

Insider trades · Form 4 data as of Nov 6, 2026

What did Best Buy's insiders report trading?

Best Buy's insiders made 34 Form 4A filing an insider must make within two business days of buying or selling the company's shares. Learn more filings in the 12 months to Nov 6, 2026.

They reported no purchases and 26 sales (2.4 million shares) in the open market or privately (codes P and S).

7 of the 26 sales were on forms with the Rule 10b5-1 plan box checked.

The same filings report 35 other share transactions (A: 25, G: 8, F: 1, M: 1).

They also report 1 transaction in options, stock units or other derivatives.

Insiders are a company's officers, directors and owners of more than 10% of a class of its shares. Most changes in their holdings must be reported to the SEC on a Form 4 within two business days. Source: SEC Form 4 filings on EDGAR.

P
a purchase in the open market or privately
S
a sale in the open market or privately
A
a grant, award or other acquisition from the company under Rule 16b-3
F
shares withheld or handed over to pay an exercise price or tax when an award is received, exercised or vests
M
exercise or conversion of an option or other derivative, exempt under Rule 16b-3
G
a bona fide gift

Code meanings: General Instruction 8 of Form 4 (SEC).

The latest 25 of 61 transactions
Best Buy's insider transactions reported on Form 4 in the 12 months to Nov 6, 2026, newest filing first
InsiderTrade dateCodeSharesPriceHeld after10b5-1 boxFiling
Bonfig Jason JCEONov 1, 2026A9,312 A$0.0089,934Not checkedForm 4, filed Nov 3, 2026
Scarlett KathleenSEVP, CHROSep 23, 2026M96,166 A$70.50232,235Not checkedForm 4, filed Sep 24, 2026
Scarlett KathleenSEVP, CHROSep 23, 2026S27,952 D$92.4105204,283Not checkedForm 4, filed Sep 24, 2026
Scarlett KathleenSEVP, CHROSep 23, 2026S88,110 D$92.0702116,173Not checkedForm 4, filed Sep 24, 2026
Scarlett KathleenSEVP, CHROSep 20, 2026A32,311 A$0.00136,069Not checkedForm 4, filed Sep 21, 2026
SCHULZE RICHARD MOther: Chairman EmeritusSep 16, 2026G300,000 A$0.00300,000 (indirect: Family Foundation)Not checkedForm 4, filed Sep 18, 2026
SCHULZE RICHARD MOther: Chairman EmeritusSep 16, 2026S52,660 D$92.8994247,340 (indirect: Family Foundation)Not checkedForm 4, filed Sep 18, 2026
SCHULZE RICHARD MOther: Chairman EmeritusSep 16, 2026S247,340 D$92.4320 (indirect: Family Foundation)Not checkedForm 4, filed Sep 18, 2026
SCHULZE RICHARD MOther: Chairman EmeritusSep 16, 2026G300,000 D$0.009,230,936 (indirect: Trustee for Revocable Trust)Not checkedForm 4, filed Sep 18, 2026
BRAMMAN ANNE LEVP, CFOAug 20, 2026A18,955 A$0.0018,955Not checkedForm 4, filed Aug 21, 2026
BRAMMAN ANNE LEVP, CFOAug 20, 2026A14,581 A$0.0033,536Not checkedForm 4, filed Aug 21, 2026
Watson MathewSVP, Controller & CAOJul 20, 2026A5,874 A$0.0027,678Not checkedForm 4, filed Jul 22, 2026
SCHULZE RICHARD MOther: Chairman EmeritusJul 14, 2026S42,106 D$83.62859,788,830 (indirect: Trustee for Revocable Trust)CheckedForm 4, filed Jul 15, 2026
SCHULZE RICHARD MOther: Chairman EmeritusJul 14, 2026S62,072 D$80.88399,726,758 (indirect: Trustee for Revocable Trust)CheckedForm 4, filed Jul 15, 2026
SCHULZE RICHARD MOther: Chairman EmeritusJul 14, 2026S88,288 D$81.72679,638,470 (indirect: Trustee for Revocable Trust)CheckedForm 4, filed Jul 15, 2026
SCHULZE RICHARD MOther: Chairman EmeritusJul 14, 2026S107,534 D$82.81929,530,936 (indirect: Trustee for Revocable Trust)CheckedForm 4, filed Jul 15, 2026
SCHULZE RICHARD MOther: Chairman EmeritusJul 13, 2026S11,614 D$83.44410,419,322 (indirect: Trustee for Revocable Trust)CheckedForm 4, filed Jul 15, 2026
SCHULZE RICHARD MOther: Chairman EmeritusJul 13, 2026S252,380 D$81.778610,166,942 (indirect: Trustee for Revocable Trust)CheckedForm 4, filed Jul 15, 2026
SCHULZE RICHARD MOther: Chairman EmeritusJul 13, 2026S336,006 D$82.50239,830,936 (indirect: Trustee for Revocable Trust)CheckedForm 4, filed Jul 15, 2026
Hartman Todd G.Chief Legal and Risk OfficerJul 7, 2026G600 D$0.0043,915.9498Not checkedForm 4, filed Jul 8, 2026
SCHULZE RICHARD MOther: Chairman EmeritusJun 26, 2026S224,705 D$78.104110,430,936 (indirect: Trustee for Revocable Trust)Not checkedForm 4, filed Jun 26, 2026
SCHULZE RICHARD MOther: Chairman EmeritusJun 25, 2026S193,896 D$78.132110,655,641 (indirect: Trustee for Revocable Trust)Not checkedForm 4, filed Jun 26, 2026
SCHULZE RICHARD MOther: Chairman EmeritusJun 16, 2026S5,100 D$78.001210,849,537 (indirect: Trustee for Revocable Trust)Not checkedForm 4, filed Jun 17, 2026
SCHULZE RICHARD MOther: Chairman EmeritusJun 15, 2026S76,299 D$78.228310,854,637 (indirect: Trustee for Revocable Trust)Not checkedForm 4, filed Jun 17, 2026
Caputo LisaDirectorJun 12, 2026A2,611 A$0.0065,067Not checkedForm 4, filed Jun 16, 2026

Shares: A = acquired, D = disposed of. A price the filing gives only in a footnote shows as “See filing”. The 10b5-1 box is checked when at least one trade on the form was made under a Rule 10b5-1 plan. A Form 4/A replaces the form it amends. See all of Best Buy's Form 4 filings on EDGAR.

Learn: How to read a proxy statement (DEF 14A): Nvidia's 2026 proxy · Form 4 insider filings: who files, the codes and the footnotes · Rule 10b5-1 trading plans: how insiders pre-schedule their trades

Sources (6)
19What it does with profit

19What it does with profit

What does Best Buy do with its profit?

Best Buy paid $801 million of dividends and $273 million of buybacks in FY2026, $1,074 million in all. The quarterly dividend is $0.96 a share in FY2027, up from $0.95. At Aug 1, 2026, $3.0 billion remained under a $5.0 billion repurchase authorization from Feb 28, 2022, with no expiry. The company said on Aug 27, 2026 that it expects about $300 million of repurchases in FY2027.

Dividend per share

$3.80FY2026

Dividend paid for each share, by financial year.

$ per share

See the numbers
Dividend per share ($ per share)
YearDividend per shareShare of profit paid out
FY2021$2.20–
FY2022$2.80–
FY2023$3.52–
FY2024$3.68–
FY2025$3.76–
FY2026$3.80–

  • Buyback · Jan 30, 2021

    FY2021: paid $312 million for its own shares.

    $312M

  • Buyback · Jan 29, 2022

    FY2022: paid $3.5 billion for its own shares.

    $3.5B

  • Buyback · Jan 28, 2023

    FY2023: paid $1.01 billion for its own shares.

    $1.0B

  • Buyback · Feb 3, 2024

    FY2024: paid $340 million for its own shares.

    $340M

  • Buyback · Feb 1, 2025

    FY2025: paid $500 million for its own shares.

    $500M

  • Buyback · Jan 31, 2026

    FY2026: paid $273 million for its own shares.

    $273M

Sources (3)
20Governance signals

20Governance signals

What do Best Buy's governance filings show?

Auditor
Deloitte & Touche LLP, since 2005
Auditor changes
None in the period covered
Audit qualifications
None reported
Related-party dealings
The 2026 proxy reports that Jason Bonfig's wife was a Senior Vice President of Omnichannel Operations, with FY2026 cash pay of about $504,506; she resigned, with a last day of Jul 31, 2026. Founder Richard M. Schulze, who is not a director, receives lifetime medical benefits, office space and administrative support under a 2013 letter agreement.
Credit rating
S&P Global Ratings and Moody's (as stated in the FY2026 10-K) BBB+ (S&P) / A3 (Moody's) (Stable (both)), Mar 16, 2026

A credit rating describes the company's ability to repay debt. It is not a rating of the share.

Flags to know about

  • shares as collateral

    Founder's shares used as collateral for a loan

    The 2026 proxy says a trust for founder Richard M. Schulze has used up to $200 million in value of Best Buy shares as collateral to secure a line of credit. Mr. Schulze held 6.43% of shares at Mar 30, 2026.

  • other

    Founder's share sales and trading plan

    A Schedule 13D/A filed Jun 2, 2026 reports open-market sales by Mr. Schulze on May 29, 2026, for asset diversification and liquidity, leaving 6.1%. It says he adopted a pre-arranged trading plan that day, expected to expire in June 2027.

  • other

    New CEO, CFO and directors

    Jason Bonfig succeeded Corie Barry as CEO on Nov 1, 2026, per an Apr 22, 2026 8-K. CFO Matt Bilunas left on Jul 31, 2026, and Anne Bramman became CFO on Aug 19, 2026. Meghan Frank and Dylan Jadeja joined the Board on Sep 12, 2025 and Dec 1, 2025.

  • late filing

    Late insider reports

    The 2026 proxy says one sale by M. Watson on Mar 14, 2025 and tax-withholding share sales for six officers on Mar 21, 2025 were reported late under Section 16.

  • auditor

    Audit opinion and critical matters

    Deloitte & Touche LLP, auditor since 2005, gave an unqualified FY2026 opinion and found internal control effective. Its critical audit matters were vendor allowances and Best Buy Health goodwill, $298 million of $790 million of goodwill.

  • disclosure

    What Best Buy does not report

    Filings give no Best Buy Ads revenue or profit, no Marketplace revenue, no paid member count and no revenue by type of customer. Those figures come only from earnings calls, as approximate management statements.

Sources (10)
21What the market paid

21What the market paid · price as of Nov 5, 2026

What did the market pay for Best Buy on Nov 5, 2026?

Price as of Nov 5, 2026 (shown for education; prices change daily).

Price as of Nov 5, 2026: $99.40, the close shown in Nasdaq's historical price table for Best Buy. The shares list on the NYSE, and this price is from Nasdaq's site, not NYSE's. Times 209.7 million shares (Sep 2, 2026), that is a market value of about $20.8 billion (Cityfort calculation from the Nov 5, 2026 closing price and the Q2 FY2027 10-Q cover). P/E is price ÷ earnings per share. It is 16.5 on diluted EPS of $6.01 for the four quarters to Aug 1, 2026, which include a $171 million Best Buy Health impairment (Cityfort calculation from the Q3 FY2026 to Q2 FY2027 earnings releases). It is 19.7 on FY2026 diluted EPS of $5.04. P/B is market value ÷ stockholders' equity: 6.5 on $3,183 million at Aug 1, 2026.

Share price
$99.40
Market value (market cap)
$20.8B
P/E
16.5×
P/B
6.5×

More price-based ratios · as of Nov 5, 2026

Each ratio divides a number from the company's filings by the market value or share price on Nov 5, 2026. Prices change daily, so these ratios do too.

Shares used for the market value: 209.7 million ($99.40 × 209.7 million shares ≈ $20.8B). Source: Form 10-Q for Q2 fiscal 2027 (quarter ended Aug 1, 2026); Form 10-K for fiscal 2026 (year ended Jan 31, 2026); 2026 proxy statement (DEF 14A)

Source: BBY historical closing prices, Oct 20 to Nov 5, 2026; Form 10-Q for Q2 fiscal 2027 (quarter ended Aug 1, 2026); Form 10-K for fiscal 2026 (year ended Jan 31, 2026) and 4 more

Sources (10)
22How it got here

22How it got here

How did Best Buy get here?

  1. 1966

    Milestone

    Incorporated in Minnesota

    Best Buy Co., Inc. was incorporated in Minnesota in 1966. Its Apr 22, 2026 release calls Jason Bonfig the sixth CEO in its 60-year history.

  2. 2019

    Milestone

    Barry becomes CEO

    Corie Barry, then CFO and chief strategic transformation officer, became CEO in June 2019. She joined Best Buy in 1999.

  3. 2021

    Business-model change

    Health and furniture deals

    Best Buy bought Current Health, a care-at-home technology platform, on Nov 2, 2021 for $389 million net cash, and Yardbird, an outdoor furniture seller, on Nov 4, 2021 for $79 million.

  4. 2022

    Milestone

    Sales peak

    Revenue reached $51.8 billion in FY2022 (ended Jan 29, 2022), with comparable sales up 10.4%.

  5. 2023

    Crisis

    Three years of falling sales

    Revenue fell in FY2023, FY2024 and FY2025, to $41.5 billion. Comparable sales fell 9.9%, 6.8% and 2.3%.

  6. 2025

    Crisis

    Best Buy Health write-down

    Best Buy recorded a $475 million goodwill impairment for Best Buy Health in Q4 FY2025, the quarter ended Feb 1, 2025.

  7. 2025

    Business-model change

    US Marketplace launched, part of Health exited

    Best Buy launched Best Buy Marketplace in the US in August 2025. In FY2026 it exited a component of Best Buy Health and recorded a further $171 million impairment in Q3 FY2026.

  8. 2026

    Milestone

    New CEO and CFO

    Jason Bonfig succeeded Corie Barry as CEO on Nov 1, 2026, as announced on Apr 22, 2026. Anne Bramman became CFO on Aug 19, 2026.

Sources (10)

23Sources and changes

Where every number on this page comes from

Sources (32 documents)
  1. S1Form 10-K for fiscal 2026 (year ended Jan 31, 2026) · Best Buy Co., Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Mar 18, 2026
  2. S2Form 10-K for fiscal 2025 (year ended Feb 1, 2025) · Best Buy Co., Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Mar 19, 2025
  3. S3Form 10-K for fiscal 2024 (53 weeks, year ended Feb 3, 2024) · Best Buy Co., Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Mar 15, 2024
  4. S4Form 10-K for fiscal 2023 (year ended Jan 28, 2023) · Best Buy Co., Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Mar 17, 2023
  5. S5Form 10-Q for Q2 fiscal 2027 (quarter ended Aug 1, 2026) · Best Buy Co., Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Sep 4, 2026
  6. S6Form 10-Q for Q1 fiscal 2027 (quarter ended May 2, 2026) · Best Buy Co., Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Jun 5, 2026
  7. S7Form 10-Q for Q3 fiscal 2026 (quarter ended Nov 1, 2025) · Best Buy Co., Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Dec 5, 2025
  8. S8Q2 fiscal 2027 results release (Form 8-K, Exhibit 99) · Best Buy Co., Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Aug 27, 2026
  9. S9Q1 fiscal 2027 results release (Form 8-K, Exhibit 99.1) · Best Buy Co., Inc. (SEC EDGAR) · Tier 1: company or exchange filing · May 28, 2026
  10. S10Revenue category reclassification, recast FY2025-FY2026 (Form 8-K, Exhibit 99.2) · Best Buy Co., Inc. (SEC EDGAR) · Tier 1: company or exchange filing · May 28, 2026
  11. S11Q4 and fiscal 2026 results release (Form 8-K, Exhibit 99) · Best Buy Co., Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Mar 3, 2026
  12. S12Q3 fiscal 2026 results release (Form 8-K, Exhibit 99) · Best Buy Co., Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Nov 25, 2025
  13. S13Q2 fiscal 2026 results release (Form 8-K, Exhibit 99) · Best Buy Co., Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Aug 28, 2025
  14. S14Q1 fiscal 2026 results release (Form 8-K, Exhibit 99) · Best Buy Co., Inc. (SEC EDGAR) · Tier 1: company or exchange filing · May 29, 2025
  15. S15Q4 and fiscal 2025 results release (Form 8-K, Exhibit 99) · Best Buy Co., Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Mar 4, 2025
  16. S16Q3 fiscal 2025 results release (Form 8-K, Exhibit 99) · Best Buy Co., Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Nov 26, 2024
  17. S172026 proxy statement (DEF 14A) · Best Buy Co., Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Apr 30, 2026
  18. S18Schedule 13G, Vanguard Capital Management (event Mar 31, 2026) · Vanguard Capital Management (SEC EDGAR) · Tier 1: company or exchange filing · Apr 29, 2026
  19. S19Schedule 13G/A No. 12, The Vanguard Group (event Mar 13, 2026) · The Vanguard Group (SEC EDGAR) · Tier 1: company or exchange filing · Mar 26, 2026
  20. S20Schedule 13D/A No. 15, Richard M. Schulze (event May 29, 2026) · Richard M. Schulze (SEC EDGAR) · Tier 1: company or exchange filing · Jun 2, 2026
  21. S218-K: CEO succession, Jason Bonfig to succeed Corie Barry (Exhibit 99.1) · Best Buy Co., Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Apr 22, 2026
  22. S228-K: CFO Matt Bilunas to step down (Exhibit 99.1) · Best Buy Co., Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Jun 22, 2026
  23. S238-K: Anne Bramman appointed CFO (Exhibit 99.1) · Best Buy Co., Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Aug 3, 2026
  24. S248-K: Meghan Frank appointed to the Board (Exhibit 99.1) · Best Buy Co., Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Sep 12, 2025
  25. S258-K: Dylan Jadeja appointed to the Board (Exhibit 99.1) · Best Buy Co., Inc. (SEC EDGAR) · Tier 1: company or exchange filing · Dec 1, 2025
  26. S26Q2 fiscal 2027 earnings call transcript (Aug 27, 2026) · Best Buy Co., Inc. investor relations (LSEG StreetEvents edited transcript) · Tier 1: company or exchange filing · Aug 27, 2026
  27. S27Q1 fiscal 2027 earnings call transcript (May 28, 2026) · Best Buy Co., Inc. investor relations (LSEG StreetEvents edited transcript) · Tier 1: company or exchange filing · May 28, 2026
  28. S28Q4 fiscal 2026 earnings call transcript (Mar 3, 2026) · Best Buy Co., Inc. investor relations (LSEG StreetEvents edited transcript) · Tier 1: company or exchange filing · Mar 3, 2026
  29. S29Q3 fiscal 2026 earnings call transcript (Nov 25, 2025) · Best Buy Co., Inc. investor relations (Refinitiv StreetEvents edited transcript) · Tier 1: company or exchange filing · Nov 25, 2025
  30. S30BBY historical closing prices, Oct 20 to Nov 5, 2026 · Nasdaq · Tier 1: company or exchange filing · Nov 5, 2026
  31. S31SEC XBRL company facts, Best Buy Co., Inc. (CIK 0000764478) · U.S. SEC (data.sec.gov) · Tier 1: company or exchange filing · Nov 7, 2026
  32. S32EDGAR filing index, Best Buy Co., Inc. (CIK 0000764478) · U.S. SEC (EDGAR) · Tier 1: company or exchange filing · Nov 7, 2026
Changes to this page (v1 · Nov 6, 2026)
  1. v1 · Nov 6, 2026First version, through Q2 FY2027 (quarter ended Aug 1, 2026). (first version)

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