Tractor Supply (TSCO) Operating Expenses (2009 - 2026)
Tractor Supply (TSCO) posted Operating Expenses of $941.2 million for Q1 2026, little changed on a QoQ basis from $944.4 million in Q4 2025, and up 6.2% year-over-year from $886.2 million in Q1 2025.
Tractor Supply (TSCO) Operating Expenses (2009 - 2026) Analysis & Trends
Tractor Supply's Operating Expenses history runs 18 years deep, the most recent figure standing at $941.2 million for Q1 2026.
- Quarterly Operating Expenses rose 6.2% year-over-year to $941.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $3.7 billion (up 6.64% YoY) and the FY2025 annual result came in at $3.7 billion, up 6.07% from the prior year.
- Operating Expenses was $941.2 million for Q1 2026 at Tractor Supply, roughly flat from $944.4 million in the prior quarter.
- Across five years, Operating Expenses topped out at $944.4 million in Q4 2025 and bottomed at $734.6 million in Q1 2022.
- A 5-year average of $862.7 million and a median of $855.6 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses advanced 20.94% — and 2023, when it slipped 5.94%.
- Tractor Supply's Operating Expenses stood at $909.6 million in 2022, then declined by 5.94% to $855.6 million in 2023, then rose by 4.17% to $891.2 million in 2024, then increased by 5.96% to $944.4 million in 2025, then retreated by 0.34% to $941.2 million in 2026.
- Business Quant data shows TSCO's Operating Expenses at $941.2 million in Q1 2026, $944.4 million in Q4 2025, and $922.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 32.13 Bn | 31.61 Bn | 1.08 Bn | 730.02 Mn |
| 2 | NaaS Technology | 30.58 Bn | 30.58 Bn | - | - |
| 3 | Williams Sonoma | 28.34 Bn | 27.33 Bn | 1.10 Bn | 627.08 Mn |
| 4 | Ulta Beauty | 23.18 Bn | 22.69 Bn | 1.48 Bn | 1.01 Bn |
| 5 | Best Buy | 18.52 Bn | 16.77 Bn | 2.10 Bn | 1.73 Bn |
| 6 | Dick'S Sporting Goods | 16.59 Bn | 15.24 Bn | 1.77 Bn | 1.57 Bn |
| 7 | MINISO Group Holding | 16.05 Bn | 14.98 Bn | 414.86 Mn | -290.69 Mn |
| 8 | Tractor Supply | 15.89 Bn | 15.66 Bn | 1.30 Bn | 941.15 Mn |
| 9 | Five Below | 12.09 Bn | 11.16 Bn | 696.98 Mn | 337.11 Mn |
| 10 | Murphy USA | 11.42 Bn | 11.30 Bn | -3.64 Bn | 4.61 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 28, 2026 | 941.15 Mn |
| Dec 27, 2025 | 944.39 Mn |
| Sep 27, 2025 | 922.45 Mn |
| Jun 28, 2025 | 940.06 Mn |
| Mar 29, 2025 | 886.21 Mn |
| Dec 28, 2024 | 891.23 Mn |
| Sep 28, 2024 | 852.30 Mn |
| Jun 29, 2024 | 884.90 Mn |
| Mar 30, 2024 | 853.44 Mn |
| Dec 30, 2023 | 855.55 Mn |
| Sep 30, 2023 | 819.31 Mn |
| Jul 1, 2023 | 853.16 Mn |
| Apr 1, 2023 | 828.24 Mn |
| Dec 31, 2022 | 909.60 Mn |
| Sep 24, 2022 | 772.17 Mn |
| Jun 25, 2022 | 777.86 Mn |
| Mar 26, 2022 | 734.58 Mn |
| Dec 25, 2021 | 752.10 Mn |
| Sep 25, 2021 | 718.26 Mn |
| Jun 26, 2021 | 736.75 Mn |