Filing Flows › Tractor Supply (TSCO) › Q3 2026 › vs Q2 2026
Tractor Supply (TSCO) Q3 2026 vs Q2 2026 (quarter over quarter)
Tractor Supply's revenue fell $631M (-14%) from $4.5B in Q2 2026 to $3.9B in Q3 2026. Gross margin 36.4% against 37.1% (-0.6 pts).
Tractor Supply, Q3 2026: revenue $3.9B (+5% year over year), operating margin 7.9%, net earnings $225M, operating cash flow $229M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 36.4% | 37.1% | -0.6 pts |
| Operating margin | 7.9% | 10.3% | -2.4 pts |
| Net margin | 5.7% | 7.9% | -2.2 pts |
| Free cash flow margin | 0.3% | 7.2% | -6.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $3.9B | $4.5B | −$631M | -14% |
| Gross profit | $1.4B | $1.7B | −$258M | -15% |
| Cost of revenue | $2.5B | $2.9B | −$373M | -13% |
| Operating profit | $308M | $467M | −$159M | -34% |
| Operating expenses | $1.1B | $1.2B | −$98.3M | -8% |
| Pre-tax earnings | $288M | $450M | −$162M | -36% |
| Other expense, net | $19.4M | $17.1M | $2.3M | +13% |
| SG&A | $984M | $1.0B | −$37.6M | -4% |
| Other operating costs | $133M | $194M | −$60.7M | -31% |
| Net earnings | $225M | $361M | −$136M | -38% |
| Income tax | $63.7M | $89.3M | −$25.6M | -29% |
| Depreciation & amortization | $133M | $131M | $2.1M | +2% |
| Share-based compensation | $15.6M | $15.5M | $89K | +0.6% |
| Working capital & other | $144M | −$54.9M | $199M | — |
| Operating cash flow | $229M | $562M | −$333M | -59% |
| Free cash flow (OCF − capex) | $13.6M | $329M | −$315M | -96% |
| Capital expenditures | $216M | $233M | −$17.2M | -7% |
Questions
How much did Tractor Supply's revenue grow quarter over quarter in Q3 2026?
Tractor Supply's revenue fell $631M (-14%) from $4.5B in Q2 2026 to $3.9B in Q3 2026. Gross margin 36.4% against 37.1% (-0.6 pts).