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Dollar Tree (DLTR) earnings and revenue breakdown

Latest: Q2 FY27 · 10-Q filed Aug 27, 2026 · Dollar Tree (DLTR) Q2 FY27 earnings results →

Q2 FY27 Revenue up 7% year over year to $4.9B · 11¢ of every $1 of revenue kept as net profit · operating margin 14.1%

Dollar Tree made $4.9B in Q2 FY27 (+7% Y/Y). Operating margin 14.1%, net earnings $514M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 27, 2026.

Revenue$4.9B
Year over year+7%
Operating margin14.1%
Net earnings$514M
Operating cash flow$922M

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Dollar Tree Q2 FY27 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
Dollar Tree Q2 FY27 revenue breakdown — free to use with credit and a link (terms). Share on X
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What changed this quarter

Revenue was $4.9B in Q2 FY27, up 7% year over year and down 2% from the previous quarter.

Operating profit was $0.69B, a 14.1% margin (up 9.1 points year over year). Of the extra revenue versus Q2 FY26, 143% reached operating profit, above the 5% margin then. Net earnings were $0.51B, up 173% year over year. The effective tax rate was 25.0%.

Operating cash flow was $0.92B (up 253% year over year), 179% of net earnings. Non-cash charges added back $0.02B of share-based compensation. Working capital and other items added $0.39B. Capital expenditures of $0.25B left free cash flow of $0.68B.

Quarterly history

Dollar Tree revenue by quarterDollar Tree revenue by quarter$4.6BQ1 FY26$4.6BQ2 FY26$4.8BQ3 FY26$5.5BQ4 FY26$5.0BQ1 FY27$4.9BQ2 FY27
Dollar Tree net earnings by quarterDollar Tree net earnings by quarter$343MQ1 FY26$188MQ2 FY26$245MQ3 FY26$506MQ4 FY26$347MQ1 FY27$514MQ2 FY27
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 FY2710-QAug 27, 2026$4.9B+7%14.1%$514M$922M
Q1 FY2710-QMay 28, 2026$5.0B+7%9.5%$347M$644M
Q4 FY2610-KMar 16, 2026$5.5B+9%12.7%$506M$1.2B
Q3 FY2610-QDec 3, 2025$4.8B+9%7.2%$245M$319M
Q2 FY2610-QSep 3, 2025$4.6B+12%5.1%$188M$261M
Q1 FY2610-QJun 4, 2025$4.6B+11%8.3%$343M$378M

Charts

Dollar Tree: revenue growth, year over year and quarter over quarterDollar Tree: revenue growth, year over year and quarter over quarterY/YQ/Q+11%Q1 FY26+12%-1%Q2 FY26+9%+4%Q3 FY26+9%+15%Q4 FY26+7%-9%Q1 FY27+7%-2%Q2 FY27
Latest (Q2 FY27): Y/Y +7%, Q/Q -2%.
Dollar Tree: where the cash came from (+) and went (−), TTM to Q2 FY27Dollar Tree: where the cash came from (+) and went (−), TTM to Q2 FY27Operating cash flow$3.1BBuybacks−$1.8BCapital spending−$1.1BOther financing$500MCash drawn (+) / kept (−)−$344MNet borrowing (+) / repaid (−)−$299MTaxes on employees’ shares−$19.9MAsset & business sales$12.0MShares issued$7.1MExchange rates−$500KOther investing−$400K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Dollar Tree: profit against cash, quarter by quarterDollar Tree: profit against cash, quarter by quarterNet incomeOperating cash flow$233M$786MQ3 FY25−$3.7B$858MQ4 FY25$343M$378MQ1 FY26$188M$261MQ2 FY26$245M$319MQ3 FY26$506M$1.2BQ4 FY26$347M$644MQ1 FY27$514M$922MQ2 FY27
Latest (Q2 FY27): Net income $514M, Operating cash flow $922M.
Dollar Tree: diluted shares by fiscal yearDollar Tree: diluted shares by fiscal year237MFY21229MFY22224MFY23220MFY24216MFY25206MFY26
-13.1% since FY21: buybacks shrank the count.
Dollar Tree: long-term debt falling due (FY26)Dollar Tree: long-term debt falling due (FY26)$1.2B2029$1.2BLater
Cash $718M, short-term investments —, long-term debt $2.4B at 2026-01-31.
Dollar Tree in its industry: growth against margin (9 companies, SIC 5331)Dollar Tree in its industry: growth against margin (9 companies, SIC 5331)revenue growth, year over year →↑ operating marginmedian +9%median 7%WMTCOSTTGTDGBJPSMTFIVEOLLIDLTR (+7%, 14%)
Retail-Variety Stores; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

About Dollar Tree

We are a leading operator of retail discount stores operating under the brand names of Dollar Tree and Dollar Tree Canada. At January 31, 2026, we operated approximately 9,000 stores across 48 states and the District of Columbia and approximately 275 stores across seven Canadian provinces. We believe the convenience and value we offer, as well as the “thrill-of-the-hunt” shopping experience where customers discover new celebratory and seasonal items every week, are key factors in serving and growing our base of loyal customers. We continue to execute on a number of strategic initiatives across our business to drive profitable growth for Dollar Tree as a standalone banner following the sale of Family Dollar.

In its own words, from its 10-K, filed Mar 16, 2026.

Dollar Tree against its Retail-Variety Stores peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +7% against the peers' median +9%. Operating margin: 14.1% against the peers' median 6.8%.

CompanyQuarterRevenueY/YOp. margin
DLTR Dollar TreeQ2 FY27$4.9B+7%14.1%
WMT WalmartQ2 FY27$187.9B+6%5.0%
COST Costco WholesaleQ4 FY26$95.7B+11%4.0%
TGT TargetQ2 FY27$26.5B+5%9.6%
DG Dollar GeneralQ2 FY27$11.3B+5%6.8%
BJ BJ's Wholesale Club HoldingsQ2 FY27$6.2B+16%4.1%
PSMT PricesmartQ4 FY26$1.5B+14%3.8%
FIVE Five BelowQ2 FY27$1.3B+23%21.8%
OLLI Ollie's Bargain Outlet HoldingsQ2 FY27$741M+9%14.6%

Source: Dollar Tree 10-Q on SEC EDGAR · CIK 935703 · Retail-Variety Stores

Guidance and outlook

Dollar Tree Revenue: guidance against what was reportedDollar Tree Revenue: guidance against what was reportedguided rangereported (above / within / below)FY24Q4 FY25FY25$17.6BFY26$19.4BQ4 FY26$5.5BFY27Q3 FY27
Met or beat 2 of 3 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

13F: who owns DLTR and who is buying

Largest holders of DLTR (13F)Largest holders of DLTR (13F)FMR LLC$3.0BVanguard Group$2.8BBlackRock$1.9BVanguard Capital Management LLC$1.4BEdgePoint Investment Group$1.2BState Street$1.1BVanguard Portfolio Management LLC$1.0BT. Rowe Price Investment Manageme…$623MGeode Capital Management, LLC$602MGoldman Sachs Group$518M
Funds' net buying of DLTR by quarter (13F)Funds' net buying of DLTR by quarter (13F)−$103M2024-09$416M2024-12$601M2025-03−$723M2025-06$1.0B2025-09−$1.1B2025-12−$994M2026-03−$1.5B2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on DLTR

History

Every quarter: Q2 FY27 results · Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results

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中文版：Dollar Tree（DLTR）财报

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