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

Tractor Supply (TSCO) has reported Operating Margin for 18 consecutive years, with 10.29% the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Margin fell 273.0% year-over-year to 10.29%; the trailing twelve-month figure through Jun 2026 stood at 4.9% (down 480.0% YoY), and the FY2025 full-year result was 9.45%, down 41.0% from the prior year.
• Operating Margin climbed to 10.29% in Q2 2026 per TSCO's latest filing, from 6.5% in the prior quarter.
• Across five years, Operating Margin topped out at 13.45% in Q2 2022 and bottomed at 1.92% in Q4 2025.
• Historically, Operating Margin has averaged 9.26% across 5 years, with a median of 9.17% in 2025.
• The sharpest annual moves came in 2023 and 2025: Operating Margin surged 62 bps in 2023, then plunged 652 bps in 2025.
• Over 5 years, Operating Margin stood at 8.97% in 2022, then climbed by 2 bps to 9.13% in 2023, then fell by 8 bps to 8.44% in 2024, then slumped by 77 bps to 1.92% in 2025, then soared by 436 bps to 10.29% in 2026.
• According to Business Quant data, Operating Margin over the past three periods registered 10.29%, 6.5%, and 1.92% for Q2 2026, Q1 2026, and Q4 2025 respectively.