Filing Flows › Tractor Supply (TSCO) › Q2 2026 › vs Q2 2025
Tractor Supply (TSCO) Q2 2026 vs Q2 2025 (year over year)
Tractor Supply's revenue rose $102M (+2%) from $4.4B in Q2 2025 to $4.5B in Q2 2026. Gross margin 37.1% against 36.9% (+0.1 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 37.1% | 36.9% | +0.1 pts |
| Operating margin | 10.3% | 13.0% | -2.7 pts |
| Net margin | 7.9% | 9.7% | -1.7 pts |
| Free cash flow margin | 7.2% | 13.0% | -5.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $4.5B | $4.4B | $102M | +2% |
| Gross profit | $1.7B | $1.6B | $42.6M | +3% |
| Cost of revenue | $2.9B | $2.8B | $59.0M | +2% |
| Operating profit | $467M | $578M | −$111M | -19% |
| Operating expenses | $1.2B | $1.1B | $153M | +14% |
| Pre-tax earnings | $450M | $560M | −$110M | -20% |
| Other expense, net | $17.1M | $18.0M | −$880K | -5% |
| SG&A | $1.0B | $940M | $81.8M | +9% |
| Other operating costs | $194M | $122M | $71.5M | +59% |
| Net earnings | $361M | $430M | −$69.3M | -16% |
| Income tax | $89.3M | $130M | −$40.5M | -31% |
| Depreciation & amortization | $131M | $122M | $8.7M | +7% |
| Share-based compensation | $15.5M | $12.7M | $2.8M | +22% |
| Working capital & other | $54.9M | $221M | −$166M | -75% |
| Operating cash flow | $562M | $786M | −$224M | -28% |
| Free cash flow (OCF − capex) | $329M | $575M | −$247M | -43% |
| Capital expenditures | $233M | $210M | $22.7M | +11% |
Questions
How much did Tractor Supply's revenue grow year over year in Q2 2026?
Tractor Supply's revenue rose $102M (+2%) from $4.4B in Q2 2025 to $4.5B in Q2 2026. Gross margin 37.1% against 36.9% (+0.1 pts).