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

Tractor Supply (TSCO) has reported Operating Margin for 18 consecutive years, with 6.5% the latest figure, recorded in Q1 2026.

• Operating Margin for Q1 2026 came in at 6.5%, down 69.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 5.32% (down 440.0% YoY), and the FY2025 annual result was 9.45%, down 41.0% from the prior year.
• Operating Margin was 6.5% for Q1 2026 at Tractor Supply, up from 1.92% in the prior quarter.
• Over five years, Operating Margin peaked at 13.45% in Q2 2022 and troughed at 1.92% in Q4 2025.
• Average Operating Margin over 5 years is 9.2%, with a median of 9.13% recorded in 2023.
• Year-over-year, Operating Margin soared 62 bps in 2023 and sank 652 bps in 2025.
• Over 5 years, Operating Margin stood at 8.97% in 2022, then grew by 2 bps to 9.13% in 2023, then retreated by 8 bps to 8.44% in 2024, then tumbled by 77 bps to 1.92% in 2025, then jumped by 239 bps to 6.5% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 6.5% in Q1 2026, 1.92% in Q4 2025, and 9.21% in Q3 2025.