Tractor Supply annual operating margin
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Tractor Supply Operating Margin Growth & History (TSCO)
Tractor Supply's operating margin was 9.45% for fiscal 2025.
View full Tractor Supply company overviewTractor Supply annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-27 | 9.45% | −0.41 pp |
| 2024 | 2024-12-28 | 9.86% | −0.30 pp |
| 2023 | 2023-12-30 | 10.16% | +0.06 pp |
| 2022 | 2022-12-31 | 10.10% | −0.16 pp |
| 2021 | 2021-12-25 | 10.26% | +0.88 pp |
| 2020 | 2020-12-26 | 9.39% | +0.49 pp |
| 2019 | 2019-12-28 | 8.90% | +0.03 pp |
| 2018 | 2018-12-29 | 8.87% | −0.59 pp |
| 2017 | 2017-12-30 | 9.46% | −0.78 pp |
| 2016 | 2016-12-31 | 10.24% | −0.21 pp |
| 2015 | 2015-12-26 | 10.45% | +0.13 pp |
| 2014 | 2014-12-27 | 10.32% | +0.36 pp |
| 2013 | 2013-12-28 | 9.96% | +0.60 pp |
| 2012 | 2012-12-29 | 9.36% | +1.03 pp |
| 2011 | 2011-12-31 | 8.33% | +1.02 pp |
| 2010 | 2010-12-25 | 7.32% | +1.34 pp |
| 2009 | 2009-12-26 | 5.97% | +0.04 pp |
| 2008 | 2008-12-27 | 5.93% | — |
Tractor Supply quarterly operating margin
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Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-27 | 10.29% | −2.73 pp |
| Q1 2026 | 2026-03-28 | 6.50% | −0.69 pp |
| Q4 2025 | 2025-12-27 | 7.64% | −0.80 pp |
| Q3 2025 | 2025-09-27 | 9.21% | −0.14 pp |
| Q2 2025 | 2025-06-28 | 13.01% | −0.21 pp |
| Q1 2025 | 2025-03-29 | 7.19% | −0.56 pp |
| Q4 2024 | 2024-12-28 | 8.44% | −0.70 pp |
| Q3 2024 | 2024-09-28 | 9.36% | −0.63 pp |
| Q2 2024 | 2024-06-29 | 13.22% | −0.14 pp |
| Q1 2024 | 2024-03-30 | 7.75% | +0.34 pp |
| Q4 2023 | 2023-12-30 | 9.13% | +0.17 pp |
| Q3 2023 | 2023-09-30 | 9.99% | +0.62 pp |
| Q2 2023 | 2023-07-01 | 13.37% | −0.08 pp |
| Q1 2023 | 2023-04-01 | 7.41% | −0.67 pp |
| Q4 2022 | 2022-12-31 | 8.97% | +0.14 pp |
| Q3 2022 | 2022-09-24 | 9.37% | −0.48 pp |
| Q2 2022 | 2022-06-25 | 13.45% | −0.04 pp |
| Q1 2022 | 2022-03-26 | 8.08% | −0.18 pp |
| Q4 2021 | 2021-12-25 | 8.83% | +7.09 pp |
| Q3 2021 | 2021-09-25 | 9.85% | +0.17 pp |
| Q2 2021 | 2021-06-26 | 13.49% | −0.61 pp |
| Q1 2021 | 2021-03-27 | 8.26% | +2.51 pp |
| Q4 2020 | 2020-12-26 | 1.74% | −6.95 pp |
| Q3 2020 | 2020-09-26 | 9.67% | +1.52 pp |
| Q2 2020 | 2020-06-27 | 14.10% | +1.88 pp |
| Q1 2020 | 2020-03-28 | 5.74% | +0.07 pp |
| Q4 2019 | 2019-12-28 | 8.69% | +0.23 pp |
| Q3 2019 | 2019-09-28 | 8.16% | +0.02 pp |
| Q2 2019 | 2019-06-29 | 12.22% | −0.14 pp |
| Q1 2019 | 2019-03-30 | 5.67% | +0.04 pp |
| Q4 2018 | 2018-12-29 | 8.46% | −0.96 pp |
| Q3 2018 | 2018-09-29 | 8.14% | −0.47 pp |
| Q2 2018 | 2018-06-30 | 12.36% | −0.43 pp |
| Q1 2018 | 2018-03-31 | 5.63% | −0.53 pp |
| Q4 2017 | 2017-12-30 | 9.41% | −0.74 pp |
| Q3 2017 | 2017-09-30 | 8.61% | −0.60 pp |
| Q2 2017 | 2017-07-01 | 12.78% | −0.67 pp |
| Q1 2017 | 2017-04-01 | 6.16% | −1.21 pp |
| Q4 2016 | 2016-12-31 | 10.15% | −0.37 pp |
| Q3 2016 | 2016-09-24 | 9.21% | −0.23 pp |
| Q2 2016 | 2016-06-25 | 13.45% | −0.37 pp |
| Q1 2016 | 2016-03-26 | 7.37% | +0.40 pp |
| Q4 2015 | 2015-12-26 | 10.52% | −0.69 pp |
| Q3 2015 | 2015-09-26 | 9.43% | +0.46 pp |
| Q2 2015 | 2015-06-27 | 13.83% | +0.50 pp |
| Q1 2015 | 2015-03-28 | 6.97% | +0.32 pp |
| Q4 2014 | 2014-12-27 | 11.22% | +0.82 pp |
| Q3 2014 | 2014-09-27 | 8.97% | +0.56 pp |
| Q2 2014 | 2014-06-28 | 13.32% | −0.28 pp |
| Q1 2014 | 2014-03-29 | 6.65% | +0.40 pp |
| Q4 2013 | 2013-12-28 | 10.39% | +0.69 pp |
| Q3 2013 | 2013-09-28 | 8.42% | +1.12 pp |
| Q2 2013 | 2013-06-29 | 13.60% | +0.45 pp |
| Q1 2013 | 2013-03-30 | 6.26% | −0.06 pp |
| Q4 2012 | 2012-12-29 | 9.70% | +0.71 pp |
| Q3 2012 | 2012-09-29 | 7.30% | +0.33 pp |
| Q2 2012 | 2012-06-30 | 13.15% | +0.90 pp |
| Q1 2012 | 2012-03-31 | 6.31% | +2.87 pp |
| Q4 2011 | 2011-12-31 | 9.00% | +1.71 pp |
| Q3 2011 | 2011-09-24 | 6.97% | +0.83 pp |
| Q2 2011 | 2011-06-25 | 12.24% | +0.64 pp |
| Q1 2011 | 2011-03-26 | 3.44% | +1.12 pp |
| Q4 2010 | 2010-12-25 | 7.29% | — |
| Q3 2010 | 2010-09-25 | 6.13% | +1.35 pp |
| Q2 2010 | 2010-06-26 | 11.60% | +2.27 pp |
| Q1 2010 | 2010-03-27 | 2.32% | — |
| Q3 2009 | 2009-09-26 | 4.79% | — |
| Q2 2009 | 2009-06-27 | 9.33% | — |
Tractor Supply operating margin trends
Over the last five fiscal years, Tractor Supply's operating margin increased from 9.39% to 9.45%, a change of +0.07 percentage points. The latest reported quarter, Q2 2026, shows 10.29%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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