Home Depot’s stock split history: What you need to know
3 min readHome Depot is the biggest home improvement retailer in the U.S. The company’s earnings have increased significantly since it went public in 1981, and it has rewarded its investors handsomely with growing dividends and share buybacks.
Here’s how many times Home Depot has conducted a stock split.
When did Home Depot conduct its first stock split?
Home Depot conducted its first stock split on January 19, 1982. Every two existing shares were split into three. The record date was set two weeks prior (January 5, 1982). The per-share price changed accordingly, but the overall value of the company’s outstanding shares remained unchanged.
That was just a few months after the home improvement retailer conducted its IPO and began trading on the New York Stock Exchange for the first time on September 22, 1981.
Related: How much does Home Depot pay in dividends? Yield & payouts explained
When did Home Depot last split its stock?
Home Depot had its last stock split, at a 3-for-2 rate, on December 30, 1999, when it traded at $102 a share. The retailer’s stock currently trades at a much higher price than it did prior to any of its stock splits because its share price has increased dramatically since its last split more than two decades ago.
The stock was trading at around $343 per share in mid-April 2026.
How many times has Home Depot split its stock?
Since the company went public in 1981, Home Depot has split its stock 13 times, with each split occurring between 1982 and 1999.
Post-split date
Stock split action
Pre-split share price
December 30, 1999
3 for 2
102
July 2, 1998
2 for 1
85.875
July 3, 1997
3 for 2
69.125
April 14, 1993
4 for 3
59.50
July 1, 1992
3 for 2
68.75
June 26, 1991
3 for 2
65.75
July 6, 1990
3 for 2
57.875
June 30, 1989
3 for 2
39
September 22, 1987
3 for 2
35.875
June 8, 1983
2 for 1
54
December 7, 1982
2 for 1
49.5
April 30, 1982
5 for 4
17.25
January 19, 1982
3 for 2
21
How many current Home Depot shares would one original share be worth?
One original Home Depot share would be equivalent to 341.7 current shares, accounting for the 13 stock splits from 1982 to 1999. This can be calculated by multiplying the ratio of the number of shares awarded in each of the 13 stock splits:
One original Home Depot share post-stock splits = (3/2) x 2 x (3/2) x (4/3) x (3/2) x (3/2) x (3/2) x (3/2) x (3/2) x 2 x 2 x (5/4) x (3/2)
More on Home Depot:
Home Depot over the years: A complete history of America’s biggest hardware storeHome Depot founder Arthur Blank’s net worth: Investments, Atlanta Falcons & ranchesHome Depot founder Bernard Marcus’s net worth: From fired CEO to entrepreneurWhat happens when Home Depot conducts stock splits?
Companies typically conduct stock splits to boost the number of shares outstanding to make more of their stock available for trading. Consequently, the stock split enables individual investors to buy Home Depot stock at a price lower than if Home Depot had not conducted a stock split.
Following a stock split, the per-share stock price decreases accordingly, but the company’s market value remains unchanged. In a 3-2 split, the most common split ratio that Home Depot has executed, two existing shares become three shares, each worth two-thirds of the previous share price.
After a split, existing shareholders own more shares, but the value of their stake remains unchanged, and their stake as a percentage of the company’s total equity remains as it was prior to the split.
After a stock split, some companies reduce their dividend payments on a per-share basis. Home Depot, though, increased its per-share dividend during the period when it conducted stock splits from 1982 to 1999.
What would Home Depot’s stock price be in 2026 if it hadn’t conducted any stock splits?
Had Home Depot not split its stock 13 times from 1982 to 1999, its share price would be much higher than it is now. Its stock price excluding splits can be calculated by multiplying the current stock price by the ratio of the number of shares awarded:
Current Home Depot price x (3/2) x 2 x (3/2) x (4/3) x (3/2) x (3/2) x (3/2) x (3/2) x (3/2) x 2 x 2 x (5/4) x (3/2) = Home Depot stock price had the stock never been split
One share of Home Depot’s stock would be valued at $117,110 had it never split its stock, based on the April 14, 2026, closing stock price of $342.71. At that price, the retailer’s stock would be out of reach for most retail investors unless they had access to fractional share trading.
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