Filing Flows › Tractor Supply (TSCO) › Q2 2026 › vs Q1 2026
Tractor Supply (TSCO) Q2 2026 vs Q1 2026 (quarter over quarter)
Tractor Supply's revenue rose $949M (+26%) from $3.6B in Q1 2026 to $4.5B in Q2 2026. Gross margin 37.1% against 36.2% (+0.8 pts).
Tractor Supply, Q2 2026: revenue $4.5B (+2% year over year), operating margin 10.3%, net earnings $361M, operating cash flow $562M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 37.1% | 36.2% | +0.8 pts |
| Operating margin | 10.3% | 6.5% | +3.8 pts |
| Net margin | 7.9% | 4.6% | +3.4 pts |
| Free cash flow margin | 7.2% | -3.1% | +10.3 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $4.5B | $3.6B | $949M | +26% |
| Gross profit | $1.7B | $1.3B | $381M | +29% |
| Cost of revenue | $2.9B | $2.3B | $568M | +25% |
| Operating profit | $467M | $233M | $234M | +100% |
| Operating expenses | $1.2B | $1.1B | $148M | +14% |
| Pre-tax earnings | $450M | $214M | $236M | +110% |
| Other expense, net | $17.1M | $19.1M | −$2.0M | -10% |
| SG&A | $1.0B | $941M | $80.7M | +9% |
| Other operating costs | $194M | $127M | $67.0M | +53% |
| Net earnings | $361M | $165M | $196M | +119% |
| Income tax | $89.3M | $49.8M | $39.5M | +79% |
| Depreciation & amortization | $131M | $127M | $4.2M | +3% |
| Share-based compensation | $15.5M | $17.6M | −$2.1M | -12% |
| Working capital & other | $54.9M | −$218M | $273M | — |
| Operating cash flow | $562M | $91.1M | $471M | +517% |
| Free cash flow (OCF − capex) | $329M | −$111M | $440M | — |
| Capital expenditures | $233M | $203M | $30.5M | +15% |
Questions
How much did Tractor Supply's revenue grow quarter over quarter in Q2 2026?
Tractor Supply's revenue rose $949M (+26%) from $3.6B in Q1 2026 to $4.5B in Q2 2026. Gross margin 37.1% against 36.2% (+0.8 pts).