Tractor Supply (TSCO) Operating Expenses (2009 - 2026)
Tractor Supply's (TSCO) quarterly Operating Expenses came in at $941.2 million in Q1 2026, up 6.2% YoY from $886.2 million in Q1 2025, and little changed on a QoQ basis from $944.4 million in Q4 2025.
Tractor Supply (TSCO) Operating Expenses (2009 - 2026) Analysis & Trends
Tractor Supply (TSCO) has 18 years of Operating Expenses data on file, last reported at $941.2 million in 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 steadied at $941.2 million in Q1 2026, from $944.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $944.4 million in Q4 2025 to a low of $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 increased 20.94% — and 2023, when it fell 5.94%.
- Tracing TSCO's Operating Expenses over 5 years: stood at $909.6 million in 2022, then slipped by 5.94% to $855.6 million in 2023, then grew by 4.17% to $891.2 million in 2024, then climbed by 5.96% to $944.4 million in 2025, then declined by 0.34% to $941.2 million in 2026.
- The last three Operating Expenses figures came in at $941.2 million (Q1 2026), $944.4 million (Q4 2025), and $922.5 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Caseys General Stores | 30.70 Bn | 30.18 Bn | 1.08 Bn | 730.02 Mn |
| 2 | Williams Sonoma | 28.62 Bn | 27.60 Bn | 1.10 Bn | 627.08 Mn |
| 3 | Ulta Beauty | 22.58 Bn | 22.36 Bn | 1.27 Bn | 819.36 Mn |
| 4 | Tractor Supply | 18.35 Bn | 18.12 Bn | 1.68 Bn | 1.02 Bn |
| 5 | Best Buy | 18.03 Bn | 16.28 Bn | 2.10 Bn | 1.73 Bn |
| 6 | Dick'S Sporting Goods | 15.93 Bn | 14.93 Bn | 1.68 Bn | 1.22 Bn |
| 7 | Five Below | 13.08 Bn | 11.97 Bn | 478.64 Mn | 273.28 Mn |
| 8 | Murphy USA | 10.51 Bn | 10.33 Bn | 746.50 Mn | 6.50 Bn |
| 9 | Bath & Body Works | 4.08 Bn | 3.13 Bn | 1.24 Bn | 645.00 Mn |
| 10 | MINISO Group Holding | 3.42 Bn | 2.45 Bn | 414.86 Mn | -290.69 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 27, 2026 | 1.02 Bn |
| 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 |