Dollar Tree (DLTR) Q2 FY26 earnings
Revenue $4.9B, up 7% from a year ago. Net income $514M.
The third refund quarter of the week: $369M of IEEPA refunds landed in cost of sales. Revenue grew 7% to $4.9B — Consumable now 52% of the mix at $2.5B — and net income was $514M against last year's continuing-operations base.
Dollar Tree banner stores, FY16 to FY25.
Store count for the Dollar Tree banner alone, unbroken across the Family Dollar sale.
Consumable merchandise across ten 10-Ks.
The Dollar Tree segment's own Consumable line across ten 10-Ks.
Where the revenue came from
| Segment | Amount | % of revenue | Y/Y |
|---|---|---|---|
| Consumable | $2.5B | 51.6% | +9% |
| Variety | $2.3B | 48.0% | +5% |
| Seasonal | $17M | 0.3% | -14% |
| Other revenue | $5M | 0.1% | +31% |
Income statement, line by line
| Line | Amount | % of revenue | Y/Y |
|---|---|---|---|
| Revenue | $4.9B | +7% | |
| Cost of revenue | $2.8B | 57.1% | -7% |
| Operating expenses † | $1.4B | 28.8% | +5% |
| Operating income | $690M | 14.1% | +199% |
| Pretax income | $686M | 14.0% | +229% |
| Income tax | $172M | 3.5% | +224% |
| Net income | $514M | 10.5% | +231% |
— means the filing states no comparable prior-year figure for that line, so we do not compute one.
Effective tax rate: 25.0%. That is tax as a share of pretax income. The 3.5% in the column above is tax as a share of revenue, which is not a tax rate.
† The filing doesn't print this line. We calculated it from the filed figures; it adds up to the dollar.
The last 8 quarters
| Quarter ended | Revenue | Net income | Net margin |
|---|---|---|---|
| Aug 1, 2026 | $4.9B | $514M | 10.5% |
| May 2, 2026 | $5.0B | $347M | 7.0% |
| Jan 31, 2026 | $5.5B | $506M | 9.3% |
| Nov 1, 2025 | $4.8B | $245M | 5.1% |
| Aug 2, 2025 | $4.6B | $188M | 4.1% |
| May 3, 2025 | $4.6B | $343M | 7.4% |
| Feb 1, 2025 | $5.0B | ($3.7B) | (73.9%) |
| Nov 2, 2024 | $4.3B | $233M | 5.4% |
Held by tracked 13F managers
DOLLAR TREE INC (COM): 2 of 69 tracked managers reported holding it — $102M across tracked reports, as filed.
13F reports arrive up to 45 days after quarter end and may be amended; totals sum across tracked reports, not unique economic ownership.
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