How much does Home Depot spend on advertising?

Question

Justin Parker · Accepted Answer

Home Depot spends billions of dollars every year on advertising. For example, in 2020 the company spent $1.09 billion on advertising and promotions. Home Depot is one of the biggest and most well-known home improvement retail chain store brands in the U.S., so it is no surprise that they spend billions every year promoting their brand and products.

Being one of the most recognizable home improvement brands in the country comes with its costs. And the success of Home Depot year after year can at least be partially attributed to the billions of dollars they spend on advertising, marketing, and promotions.

It is also important to note that Home Depot spends these advertising dollars on campaigns in other countries. Their advertising presence in the United States is strong, but the company has spent years expanding its reach to make a considerable impact in Canada and Mexico too. This is part of the reason the home retailer spends billions on advertising every year.