Filing Flows › Tractor Supply (TSCO) › Q1 2026
Tractor Supply (TSCO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Tractor Supply (TSCO) reported revenue of $3.6B for the first quarter 2026 (Q1 2026), +4% from a year earlier and -8% from the quarter before. Operating margin was 6.5%, net earnings $165M (4.6% of revenue).
Tractor Supply, Q1 2026: revenue $3.6B (+4% year over year), operating margin 6.5%, net earnings $165M, operating cash flow $91.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.6B | -8% | +4% |
| Gross profit | $1.3B | -5% | +4% |
| Operating profit | $233M | -22% | -6% |
| Net earnings | $165M | -28% | -8% |
| Operating cash flow | $91.1M | -72% | -58% |
What changed
Revenue was $3.6B in Q1 2026, up 4% year over year and down 8% from the previous quarter.
Gross margin was 36.2%, unchanged from Q1 2025. Operating profit was $0.23B, a 6.5% margin (down 0.7 points year over year). Operating profit fell $0.02B even though revenue rose $0.13B versus Q1 2025, so costs grew faster than sales. Operating expenses grew 6% against revenue growth of 4%. Net earnings were $0.16B, down 8% year over year. The effective tax rate was 23.2%.
Operating cash flow was $0.09B (down 58% year over year), 55% of net earnings. Non-cash charges added back $0.13B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.22B. Capital expenditures of $0.20B exceeded it, leaving free cash flow of −$0.11B.
Questions
What was Tractor Supply's revenue in the first quarter 2026?
Tractor Supply (TSCO) reported revenue of $3.6B for the first quarter 2026 (Q1 2026), +4% from a year earlier and -8% from the quarter before.
Was Tractor Supply profitable in the first quarter 2026?
Operating profit was $233M (6.5% of revenue) and net earnings $165M.
Source: Tractor Supply 10-Q on SEC EDGAR.