Tractor Supply (TSCO) Gross Margin (2009 - 2026)

Tractor Supply has reported Gross Margin for 18 years, with the latest figure at 36.22% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin rose 1.0% year-over-year to 36.22%; the trailing twelve-month figure through Mar 2026 stood at 20.9% (down 1542.0% YoY), and the FY2025 full-year result was 36.42%, up 16.0% from the prior year.
• Gross Margin for Q1 2026 stood at 36.22%, up from 8.82% in the prior quarter.
• The five-year high for Gross Margin was 37.35% in Q3 2025, with the low at 8.82% in Q4 2025.
• Historically, Gross Margin has averaged 34.37% across 5 years, with a median of 35.96% in 2024.
• Annual changes were most pronounced in 2023 — Gross Margin surged 129 bps — and 2025, when it tumbled 2641 bps.
• Tractor Supply's Gross Margin stood at 34.04% in 2022, then advanced by 4 bps to 35.33% in 2023, then dropped by 0 bps to 35.24% in 2024, then slumped by 75 bps to 8.82% in 2025, then jumped by 311 bps to 36.22% in 2026.
• The last three Gross Margin figures came in at 36.22% (Q1 2026), 8.82% (Q4 2025), and 37.35% (Q3 2025), per Business Quant data.