Tractor Supply (TSCO) Operating Expenses (2009 - 2026)

Over the twelve months ended Jun 27, 2026, Tractor Supply's Operating Expenses came in at $3.83 billion, up 7.3% year-over-year; for FY2025, it came in at $3.69 billion, up 6.1% from FY2024.

• Operating Expenses has increased for 16 consecutive years, with a five-year compound annual growth rate of 8.3% (FY2020 to FY2025).
• By year, Operating Expenses came in at $3.48 billion in FY2024 (+3.7%), $3.36 billion in FY2023 (+5.1%), $3.19 billion in FY2022 (+10.1%) and $2.9 billion in FY2021 (+17.0%).
• The Q2 2026 figure ranks as the highest quarterly Operating Expenses in data going back to Q2 2009.
• Year over year, Operating Expenses has now increased in each of the last ten quarters, with growth averaging 5.9% over the last eight quarters.
• The high point for year-over-year Operating Expenses in five years was Q4 2022 (growth of 20.9%); the low point was Q4 2023 (a decline of 5.9%).
• Per Business Quant data, the three quarters before Q2 2026 came in at $941.15 million (Q1 2026), $944.39 million (Q4 2025) and $922.45 million (Q3 2025).