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TSCO · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 2.3% y/y to $4.54B, operating margin 10.3% vs 13.0%, net income $361M (−16.1% y/y).
Net income
$361M
down 16.1% y/y
Net sales
$4,541M
up 2.3% y/y
Operating income
$467M
down 19.2% y/y
Gross profit
$1,683M
up 2.6% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Net sales | $4,541 · +2.3% |
| Cost of merchandise sold | $2,859 · +2.1% |
| Gross profit | $1,683 · +2.6% · 37.1% margin |
| Selling, general and administrative expenses | $1,022 · +8.7% |
| Depreciation and amortization | $131 · +7.2% |
| Impairment expense | $62.7 · vs $0 |
| Operating income | $467 · −19.2% · 10.3% margin |
| Interest expense, net | $17.1 · −4.9% |
| Income before income taxes | $450 · −19.6% |
| Income tax expense | $89.3 · −31.2% · 19.8% effective rate |
| Net income | $361 · −16.1% · $0.69/sh · 7.9% margin |
Verdict: revenue grew 2.3% y/y to $4.54B, operating margin 10.3% vs 13.0%, net income $361M (−16.1% y/y).
Adjusted diluted EPS was $0.81 vs GAAP diluted EPS of $0.69.
Source and notation
Source: Tractor Supply press release, 8-K EX-99.1 of 07/23/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL.
Open as an image: TSCO, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
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Chart: “TSCO Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/tsco/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/tsco/q2-2026"><img src="https://whoreportstoday.com/t/tsco/q2-2026/sankey.png" alt="TSCO Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/tsco/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/tsco/q2-2026">TSCO Q2 2026 earnings chart (Who Reports Today)</a>
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- Net sales increased 2.3% to $4.54 billion, while comparable store sales decreased 1.5%.
- Gross margin was 37.1% vs 36.9% a year earlier.
- Operating income was $467M, a 10.3% margin vs 13.0% a year earlier.
- The effective tax rate was 19.8% vs 23.2% a year earlier.
- Diluted EPS was $0.69 vs $0.81 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
TSCO — a rural lifestyle retailer that sells livestock and pet supplies, animal feed, hardware, tools and seasonal goods to hobby farmers, ranchers and rural homeowners through Tractor Supply and Petsense by Tractor Supply stores, mostly in small towns, and online, including the Allivet pet pharmacy.
It reports one segment; livestock, equine and agriculture products are its largest category, at 27% of 2025 net sales. · Source: annual report (Form 10-K, SEC)
Heads-up
- net income fell 16% y/y in Q2 2026
Net income for Q2 2026: $361M, −16% y/y. Based on the Q2 2026 report.
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