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
DateValue
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