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( Mark One ) X ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington , D.C. 20549 FORM 10 - K Minnesota State or other jurisdiction of incorporation or organization 7601 Penn Avenue South Richfield , Minnesota ( Address of principal executive offices ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 ( d ) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from Title of each class Common Stock , $ 0.10 par value per share For the fiscal year ended January 30 , 2021 OR to Commission file number 1-9595 BEST BUY BEST BUY CO . , INC . ( Exact name of registrant as specified in its charter ) ( 612 ) 291-1000 ( Registrant's telephone number , including area code ) Securities registered pursuant to Section 12 ( b ) of the Act : Trading Symbol BBY Accelerated Filer 41-0907483 ( I.R.S. Employer Identification No. ) 55423 ( Zip Code ) 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 Rule 405 of the Securities Act . Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Act . Indicate by check mark whether the registrant ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) ha : Yes No wheth the registrant has submitted electronically every Interactive File required to be submitted pursuant to Rule of Regulation S - T ( § 232.405 f this chapter ) during the preceding 12 months ( or 1 such shorter period Indicate by che Yes No Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company , or an emerging growth company . See the definitions of " large accelerated filer , " " accelerated filer , " " smaller reporting company , " and " emerging growth company in Rule 12b - 2 of the Exchange Act . Large Accelerated Filer Yes No Yes No Name of exchange on which registered New York Stock Exchange Non - accelerated Filer the registrant wa Smaller Reporting Company Emerging Growth Company If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . 0 Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes - Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Act ) . Yes No The aggregate market value of the voting and non - voting common equity held by non - affiliates of the registrant as of July 31 , 2020 , was approximately $ 20.0 billion , computed by reference to the price of $ 99.59 per share , the price at which the common equity was last sold on July 31 , 2020 , as reported on the New York Stock Exchange - Composite Index . ( For purposes of this calculation , all of the registrant's directors and executive officers are deemed affiliates of the registrant . ) As of March 18 , 2021 , the registrant had 250,044,876 shares of its common stock , $ 0.10 par value per share , issued and outstanding . DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant's Definitive Proxy Statement relating to its 2021 Regular Meeting of Shareholders ( " Proxy Statement " ) are incorporated by reference into Part III . The Proxy Statement will be filed with the U.S. Securities and Exchange Commission within 120 days after the end of the fiscal year to which this report relates .