Dollar Tree (DLTR) Operating Margin (2009 - 2026)

Dollar Tree's (DLTR) quarterly Operating Margin came in at 9.51% in Q2 2026, up 123.0% year-on-year from 4.27% in Q2 2025, and down 25.43% quarter-over-quarter from 12.76% in Q1 2026.

Dollar Tree (DLTR) Operating Margin (2009 - 2026) Analysis & Trends

Dollar Tree's Operating Margin history runs 18 years deep, the most recent figure standing at 9.51% for Q2 2026.

  • On a quarterly basis, Operating Margin rose 123.0% year-over-year to 9.51% in Q2 2026; TTM through May 2026 was 8.83%, a 71.0% increase from a year earlier, with the FY2026 full-year figure at 8.52%, up 20.0% from the prior year.
  • Operating Margin declined to 9.51% in Q2 2026 per DLTR's latest filing, from 12.76% in the prior quarter.
  • Across five years, Operating Margin topped out at 15.43% in Q1 2024 and bottomed at 9.27% in Q1 2023.
  • The 5-year median for Operating Margin is 7.89% (2022), against an average of 7.73%.
  • Across the five-year window, Operating Margin sank 1743 bps in 2023 and soared 2469 bps in 2024, its largest moves.
  • Year by year, Operating Margin stood at 5.49% in 2022, then surged by 37 bps to 7.54% in 2023, then climbed by 1 bps to 7.62% in 2024, then dropped by 5 bps to 7.23% in 2025, then soared by 32 bps to 9.51% in 2026.
  • Per Business Quant, the three latest DLTR Operating Margin figures stand at 9.51% (Q2 2026), 12.76% (Q1 2026), and 7.23% (Q4 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Walmart 862.66 Bn 858.28 Bn 42.63 Bn 4.27%
2 Costco Wholesale 410.89 Bn 392.65 Bn 8.88 Bn 3.74%
3 Target 61.06 Bn 57.53 Bn 7.38 Bn 4.46%
4 Dollar General 25.36 Bn 24.22 Bn 3.32 Bn 5.56%
5 Dollar Tree 22.75 Bn 21.75 Bn 1.83 Bn 9.51%
6 BJ's Wholesale Club Holdings 11.75 Bn 11.72 Bn 1.03 Bn 3.67%
7 Pricesmart 5.65 Bn 5.52 Bn 262.22 Mn 4.43%
8 Bbb Foods 4.68 Bn 4.08 Bn 210.92 Mn 22.24%
9 Ollie's Bargain Outlet Holdings 4.00 Bn 3.70 Bn 310.92 Mn 14.00%

Historic Data

Download Data
DateValue
May 2, 2026 9.51%
Jan 31, 2026 12.76%
Nov 1, 2025 7.23%
Aug 2, 2025 5.06%
May 3, 2025 8.28%
Feb 1, 2025 10.68%
Nov 2, 2024 7.62%
Aug 3, 2024 5.30%
May 4, 2024 9.16%
Feb 3, 2024 15.43%
Oct 28, 2023 7.54%
Jul 29, 2023 7.43%
Apr 29, 2023 10.67%
Jan 28, 2023 -9.27%
Oct 29, 2022 5.49%
Jul 30, 2022 7.47%
Apr 30, 2022 10.60%
Jan 29, 2022 8.16%
Oct 30, 2021 4.84%
Jul 31, 2021 6.34%