What is Dollar Tree's operating income?

Dollar Tree's total operating income in 2025 was $1.65 billion, based on the following breakdown: Total Gross Profit: $7.07 billion Total Operating Expenses: $5.41 billion

Dollar Tree (DLTR) Financials

$118.22 -0.44 (-0.37%)

Closing price 04:00 PM Eastern

Extended Trading

$118.16 -0.06 (-0.05%)

As of 05:22 PM Eastern

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Annual Income Statements for Dollar Tree

This table shows Dollar Tree's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/30/2016	1/28/2017	2/3/2018	2/2/2019	2/1/2020	1/30/2021	1/29/2022	1/28/2023	2/3/2024	2/1/2025	1/31/2026
Net Income / (Loss) Attributable to Common Shareholders	282	896	1,714	-1,591	827	1,342	1,328	1,615	-998	-3,030	1,283
Consolidated Net Income / (Loss)	282	896	1,714	-1,591	827	1,342	1,328	1,615	-998	-3,030	1,283
Net Income / (Loss) Continuing Operations	282	896	1,714	-1,591	827	1,342	1,328	1,500	1,266	1,043	1,225
Total Pre-Tax Income	448	1,329	1,704	-1,309	1,099	1,740	1,632	1,972	1,662	1,384	1,630
Total Operating Income	1,050	1,705	1,999	-940	1,262	1,888	1,811	2,099	1,775	1,462	1,653
Total Gross Profit	4,657	6,395	7,022	6,948	7,041	7,788	7,737	5,781	6,020	6,294	7,067
Total Revenue	15,498	20,719	22,246	22,823	23,611	25,509	26,321	15,412	16,781	17,579	19,412
Operating Revenue	15,498	20,719	22,246	22,823	23,611	25,509	26,321	15,412	16,781	17,579	19,412
Total Cost of Revenue	10,842	14,325	15,224	15,876	16,570	17,721	18,584	9,630	10,761	11,284	12,345
Operating Cost of Revenue	10,842	14,325	15,224	15,876	16,570	17,721	18,584	9,630	10,761	11,284	12,345
Total Operating Expenses	3,607	4,690	5,023	7,887	5,779	5,900	5,926	3,682	4,245	4,832	5,414
Selling, General & Admin Expense	3,607	4,690	-	5,160	5,466	-	5,926	3,682	4,245	4,832	5,469
Other Operating Expenses / (Income)	-	-	5,023	-	-	5,900	-	-	0.00	0.00	-55
Total Other Income / (Expense), net	-602	-375	-295	-370	-164	-148	-179	-128	-113	-78	-24
Interest & Investment Income	-	-	-302	-370	-162	-147	-179	-127	-113	-108	-86
Other Income / (Expense), net	-2.10	0.10	6.70	0.50	-1.40	-0.80	-0.30	-0.40	-0.10	29	62
Income Tax Expense	166	433	-10	282	272	398	304	472	396	341	404
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-	115	-2,264	-4,073	57
Basic Earnings per Share	$1.27	$3.80	$7.24	($6.69)	$3.49	$5.68	$5.83	$7.24	($4.55)	($14.05)	$6.23
Weighted Average Basic Shares Outstanding	222.50M	235.70M	236.80M	237.90M	236.81M	233.42M	225.11M	223.20M	219.50M	215.70M	205.80M
Diluted Earnings per Share	$1.26	$3.78	$7.21	($6.69)	$3.47	$5.65	$5.80	$7.21	($4.54)	($14.03)	$6.22
Weighted Average Diluted Shares Outstanding	222.50M	235.70M	236.80M	237.90M	236.81M	233.42M	225.11M	224.10M	219.90M	215.90M	206.30M
Weighted Average Basic & Diluted Shares Outstanding	222.50M	235.70M	236.80M	237.90M	236.81M	233.42M	225.11M	221.23M	217.98M	215.08M	197.30M

This table shows Dollar Tree's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	2/3/2024	5/4/2024	8/3/2024	11/2/2024	2/1/2025	5/3/2025	8/2/2025	11/1/2025	1/31/2026	5/2/2026	8/1/2026
Net Income / (Loss) Attributable to Common Shareholders	-1,710	300	132	233	-3,696	343	188	245	506	347	515
Consolidated Net Income / (Loss)	-1,710	300	132	233	-3,696	343	188	245	506	347	515
Net Income / (Loss) Continuing Operations	-1,710	268	142	232	377	314	156	245	512	347	515
Total Pre-Tax Income	-1,917	355	186	302	508	423	209	321	677	462	686
Total Operating Income	-1,891	382	216	331	505	384	231	343	695	473	690
Total Gross Profit	2,779	1,480	1,394	1,537	-624	1,653	1,574	1,705	2,135	1,835	2,099
Total Revenue	8,640	4,169	4,069	4,341	-5,001	4,640	4,570	4,751	5,451	4,976	4,891
Operating Revenue	8,640	4,169	4,069	4,341	-5,001	4,640	4,570	4,751	5,451	4,976	4,891
Total Cost of Revenue	5,861	2,689	2,674	2,804	-4,377	2,987	2,997	3,046	3,316	3,141	2,792
Operating Cost of Revenue	5,861	2,689	2,674	2,804	-4,377	2,987	2,997	3,046	3,316	3,141	2,792
Total Operating Expenses	4,670	1,098	1,179	1,207	-1,129	1,269	1,343	1,362	1,441	1,362	1,409
Selling, General & Admin Expense	3,601	1,098	1,179	1,207	-1,129	1,269	1,351	1,386	1,464	1,383	1,427
Other Operating Expenses / (Income)	-	-	0.00	0.00	-	0.00	-8.00	-24	-	-21	-18
Total Other Income / (Expense), net	-26	-27	-30	-28	2.60	39	-22	-22	-18	-11	-3.70
Interest & Investment Income	-26	-27	-30	-28	-27	-23	-23	-22	-18	-16	-18
Other Income / (Expense), net	0.10	-0.10	0.00	-0.10	29	62	0.40	-0.10	-0.10	5.40	14
Income Tax Expense	-207	87	44	70	131	110	53	77	165	115	172
Net Income / (Loss) Discontinued Operations	-	32	-9.90	1.00	-	30	33	0.00	-5.60	0.00	0.00
Basic Earnings per Share	($7.78)	$1.38	$0.62	$1.09	($17.14)	$1.61	$0.91	$1.20	$2.51	$1.76	$2.70
Weighted Average Basic Shares Outstanding	217.98M	217.80M	215M	215M	215.70M	213.60M	207.30M	203.30M	205.80M	196.80M	190.60M
Diluted Earnings per Share	($7.78)	$1.38	$0.62	$1.08	($17.11)	$1.61	$0.91	$1.20	$2.50	$1.76	$2.70
Weighted Average Diluted Shares Outstanding	217.98M	218.10M	215.20M	215.20M	215.90M	213.90M	207.80M	203.80M	206.30M	197.40M	190.90M
Weighted Average Basic & Diluted Shares Outstanding	217.98M	214.94M	214.99M	215.04M	215.08M	208.70M	203.97M	198.85M	197.30M	192.17M	187.63M

This table details how cash moves in and out of Dollar Tree's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/30/2016	1/28/2017	2/3/2018	2/2/2019	2/1/2020	1/30/2021	1/29/2022	1/28/2023	2/3/2024	2/1/2025	1/31/2026
Net Change in Cash & Equivalents	-128	129	231	-651	139	878	-425	-327	46	754	-751
Net Cash From Operating Activities	803	1,673	1,510	1,766	1,870	2,716	1,432	1,418	2,401	2,193	2,191
Net Cash From Continuing Operating Activities	803	1,673	1,510	1,766	1,870	2,716	1,432	1,418	2,401	2,193	2,191
Net Income / (Loss) Continuing Operations	282	896	1,714	-1,591	827	1,342	1,328	1,500	1,266	1,043	1,225
Consolidated Net Income / (Loss)	282	896	1,714	-1,591	827	1,342	1,328	1,615	-998	-3,030	1,283
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-	115	-2,264	-4,073	57
Depreciation Expense	488	638	611	621	645	687	716	365	401	527	648
Non-Cash Adjustments To Reconcile Net Income	61	71	95	2,913	399	103	144	103	96	179	120
Changes in Operating Assets and Liabilities, net	-93	13	-926	-234	-8.40	581	-756	-550	639	445	198
Net Cash From Investing Activities	-6,978	-484	-628	-817	-1,020	-890	-1,020	-644	-1,195	-1,249	-649
Net Cash From Continuing Investing Activities	-6,978	-484	-628	-817	-1,020	-890	-1,020	-644	-1,195	-1,249	-649
Purchase of Property, Plant & Equipment	-481	-566	-632	-817	-1,035	-899	-1,021	-639	-1,194	-1,301	-1,134
Acquisitions	-6,528	-	-	-	-	-	-	-	0.00	0.00	-246
Sale of Property, Plant & Equipment	0.50	-	0.30	0.40	-1.90	9.10	-1.60	-	-1.00	1.10	1.30
Divestitures	-	-	-	-	-	-	-	-	0.00	0.00	680
Other Investing Activities, net	-	-	0.00	0.00	17	0.00	2.90	-4.70	0.00	50	50
Net Cash From Financing Activities	6,049	-1,061	-652	-1,600	-710	-950	-837	-687	-530	-411	-2,557
Net Cash From Continuing Financing Activities	6,049	-1,061	-652	-1,600	-710	-950	-837	-687	-530	-411	-2,557
Repayment of Debt	-6,087	-4,182	0.00	-6,420	-500	-1,300	-1,059	-555	-1,068	-3,206	-11,121
Repurchase of Common Equity	-	-	0.00	0.00	-200	-400	-950	-648	-500	-400	-1,548
Issuance of Debt	12,130	3,103	659	4,826	0.00	750	1,197	555	1,068	3,206	10,117
Issuance of Common Equity	14	42	35	18	15	17	18	9.30	10	9.80	8.20
Other Financing Activities, net	-8.80	-22	27	-23	-25	-17	-42	-49	-40	-21	-13
Effect of Exchange Rate Changes	-0.90	-	-	-	-	0.90	-0.40	-1.20	-1.00	-1.80	0.90
Other Net Changes in Cash	-	-	-	-	-0.50	-	-	-413	-629	223	264
Cash Interest Paid	487	329	287	383	170	153	176	132	131	133	125

This table details how cash moves in and out of Dollar Tree's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	2/3/2024	5/4/2024	8/3/2024	11/2/2024	2/1/2025	5/3/2025	8/2/2025	11/1/2025	1/31/2026	5/2/2026	8/1/2026
Net Change in Cash & Equivalents	242	-66	-47	128	739	-200	-554	-120	123	290	51
Net Cash From Operating Activities	1,255	505	307	786	405	379	261	319	1,232	644	922
Net Cash From Continuing Operating Activities	1,255	505	307	786	405	379	261	319	1,232	644	922
Net Income / (Loss) Continuing Operations	-1,710	268	132	233	377	314	156	245	512	347	515
Consolidated Net Income / (Loss)	-1,710	300	132	233	-3,696	343	188	245	506	347	515
Depreciation Expense	226	119	247	256	-210	151	162	165	171	177	180
Non-Cash Adjustments To Reconcile Net Income	2,528	25	31	31	85	-21	26	70	44	34	30
Changes in Operating Assets and Liabilities, net	214	94	-103	266	153	-66	-83	-160	506	86	197
Net Cash From Investing Activities	-785	-317	-477	-409	110	-199	178	-372	-256	-253	-247
Net Cash From Continuing Investing Activities	-785	-317	-477	-409	110	-199	178	-372	-256	-253	-247
Purchase of Property, Plant & Equipment	-784	-317	-501	-426	99	-249	-245	-376	-264	-253	-246
Other Investing Activities, net	5.10	-0.20	24	17	11	50	0.80	-0.70	-	-0.40	-0.60
Net Cash From Financing Activities	-228	-288	123	-248	1.60	-439	-1,197	-68	-853	-101	-623
Net Cash From Continuing Financing Activities	-228	-288	123	-248	1.60	-439	-1,197	-68	-853	-101	-623
Repurchase of Common Equity	-	-272	-128	-	-	-428	-497	-388	-236	-586	-623
Issuance of Common Equity	2.40	3.90	1.80	2.00	2.10	2.80	2.10	1.20	2.10	2.40	1.40
Other Financing Activities, net	-1.40	-20	-0.80	-0.30	-0.50	-11	-1.40	-0.40	-0.80	-18	-1.20
Effect of Exchange Rate Changes	0.10	-0.40	-0.10	-0.20	-1.10	0.70	-0.10	-	0.30	-0.20	-0.60
Cash Interest Paid	66	0.40	67	1.70	64	0.40	71	6.90	47	2.90	50
Cash Income Taxes Paid	17	5.30	110	13	47	4.30	140	-	-	1.00	95

This table presents Dollar Tree's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/30/2016	1/28/2017	2/3/2018	2/2/2019	2/1/2020	1/30/2021	1/29/2022	1/28/2023	2/3/2024	2/1/2025	1/31/2026
Total Assets	15,901	15,702	16,333	13,501	19,575	20,696	21,722	23,022	22,024	18,644	13,466
Total Current Assets	3,936	3,938	4,576	4,293	4,269	5,051	5,609	6,367	6,133	9,107	3,446
Cash & Equivalents	736	866	1,098	422	539	1,417	985	643	425	1,257	718
Inventories, net	2,886	2,866	3,169	3,536	3,522	3,427	4,367	5,449	2,496	2,672	2,495
Other Current Assets	-	-	-	335	208	207	257	275	141	170	233
Plant, Property, & Equipment, net	3,126	3,116	3,201	3,445	3,882	4,116	4,477	4,972	3,822	4,499	4,960
Total Noncurrent Assets	8,840	8,648	8,556	5,763	11,423	11,529	11,635	11,683	12,069	5,038	5,060
Goodwill	5,022	5,024	5,025	2,297	1,983	1,984	1,984	1,983	423	421	423
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	24	23	20	15	9.00	261	1.00
Other Noncurrent Operating Assets	143	51	55	77	6,316	6,421	6,531	6,585	3,844	4,356	4,636
Total Liabilities & Shareholders' Equity	15,901	15,702	16,333	13,501	19,575	20,696	21,722	23,022	22,024	18,644	13,466
Total Liabilities	11,494	10,312	9,151	7,858	13,320	13,411	14,003	14,271	14,710	14,667	9,711
Total Current Liabilities	2,095	2,106	2,859	2,096	3,547	3,730	4,177	4,225	4,697	8,586	3,229
Short-Term Debt	108	152	916	0.00	250	-	-	-	0.00	1,000	0.00
Accounts Payable	1,252	1,120	1,175	1,416	1,337	1,481	1,884	1,900	1,167	1,706	1,531
Other Current Liabilities	723	744	737	619	1,897	2,164	2,210	2,267	1,478	1,535	1,698
Total Noncurrent Liabilities	9,399	8,206	6,291	5,763	9,773	9,680	9,827	10,045	10,014	6,081	6,483
Long-Term Debt	7,238	6,170	4,762	4,265	3,522	3,226	3,417	3,422	3,426	2,431	2,432
Capital Lease Obligations	149	124	100	79	4,980	5,066	5,146	5,255	3,042	3,439	3,624
Noncurrent Deferred Revenue	71	71	44	35	29	23	21	17	22	28	30
Noncurrent Deferred & Payable Income Tax Liabilities	1,587	1,459	985	973	985	1,014	987	1,106	841	0.00	153
Other Noncurrent Operating Liabilities	353	382	400	410	258	353	256	245	144	183	244
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,407	5,390	7,182	5,643	6,255	7,285	7,719	8,752	7,313	3,977	3,755
Total Preferred & Common Equity	4,407	5,390	7,182	5,643	6,255	7,285	7,719	8,752	7,313	3,977	3,755
Total Common Equity	4,407	5,390	7,182	5,643	6,255	7,285	7,719	8,752	7,313	3,977	3,755
Common Stock	2,394	2,475	2,548	2,605	2,457	2,141	1,246	670	232	95	2.00
Retained Earnings	2,056	2,953	4,667	3,076	3,838	5,180	6,508	8,123	7,125	3,942	3,804
Accumulated Other Comprehensive Income / (Loss)	-43	-38	-32	-38	-40	-35	-35	-41	-44	-59	-51

This table presents Dollar Tree's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	7/29/2023	10/28/2023	2/3/2024	5/4/2024	8/3/2024	11/2/2024	5/3/2025	8/2/2025	11/1/2025	5/2/2026	8/1/2026
Total Assets	23,428	24,031	22,024	22,110	22,617	23,333	18,291	13,385	13,656	13,824	14,030
Total Current Assets	6,157	6,302	6,133	6,082	6,092	6,632	8,597	3,614	3,731	3,698	3,745
Cash & Equivalents	513	445	685	391	380	478	1,007	666	595	1,007	1,058
Inventories, net	5,329	5,515	5,113	2,457	2,571	3,003	2,704	2,683	2,860	2,471	2,452
Other Current Assets	315	342	335	265	212	193	180	264	276	220	234
Plant, Property, & Equipment, net	5,359	5,715	6,144	3,947	4,167	4,363	4,588	4,652	4,878	5,028	5,101
Total Noncurrent Assets	11,911	12,015	9,747	12,081	12,357	12,338	5,107	5,119	5,048	5,097	5,184
Goodwill	1,983	1,982	914	423	423	422	423	422	422	423	422
Noncurrent Deferred & Refundable Income Taxes	13	11	9.00	8.70	7.50	5.30	269	86	2.00	1.70	1.70
Other Noncurrent Operating Assets	6,815	6,922	6,674	3,872	4,163	4,286	4,415	4,611	4,624	4,673	4,760
Total Liabilities & Shareholders' Equity	23,428	24,031	22,024	22,110	22,617	23,333	18,291	13,385	13,656	13,824	14,030
Total Liabilities	14,397	15,033	14,710	14,798	15,237	15,697	14,386	9,780	10,192	10,317	10,604
Total Current Liabilities	4,150	4,648	4,697	4,756	6,000	6,413	8,237	3,487	3,890	3,184	3,303
Short-Term Debt	0.00	230	0.00	0.00	1,250	1,000	1,000	300	620	0.00	0.00
Accounts Payable	1,776	1,857	2,064	1,305	1,346	1,950	1,572	1,594	1,676	1,564	1,627
Other Current Liabilities	2,364	2,561	2,580	1,414	1,495	1,487	1,521	1,594	1,594	1,621	1,677
Total Noncurrent Liabilities	10,247	10,385	10,014	10,042	9,237	9,283	6,150	6,293	6,302	7,132	7,301
Long-Term Debt	3,424	3,425	3,426	3,428	2,429	2,430	2,429	2,430	2,431	2,933	2,934
Capital Lease Obligations	5,448	5,540	5,448	3,062	3,280	3,373	3,507	3,637	3,633	3,656	3,726
Noncurrent Deferred Revenue	18	20	22	22	19	21	27	28	25	28	23
Noncurrent Deferred & Payable Income Tax Liabilities	1,108	1,165	841	902	917	965	0.00	0.00	0.50	264	348
Other Noncurrent Operating Liabilities	249	235	277	141	152	162	186	199	212	253	270
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	9,031	8,998	7,313	7,312	7,380	7,636	3,905	3,605	3,465	3,507	3,425
Total Preferred & Common Equity	9,031	8,998	7,313	7,312	7,380	7,636	3,905	3,605	3,465	3,507	3,425
Total Common Equity	9,031	8,998	7,313	7,312	7,380	7,636	3,905	3,605	3,465	3,507	3,425
Common Stock	449	211	232	2.20	24	53	2.10	2.10	2.10	1.90	1.90
Retained Earnings	8,622	8,834	7,125	7,356	7,404	7,637	3,956	3,657	3,518	3,557	3,479
Accumulated Other Comprehensive Income / (Loss)	-40	-47	-44	-46	-49	-54	-54	-54	-55	-52	-56

This table displays calculated financial ratios and metrics derived from Dollar Tree's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/30/2016	1/28/2017	2/3/2018	2/2/2019	2/1/2020	1/30/2021	1/29/2022	1/28/2023	2/3/2024	2/1/2025	1/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	198,853,187.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	198,853,187.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	6.45
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	661	1,149	2,011	-658	950	1,456	1,474	1,712	-617	1,102	1,243
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	10.16%	12.67%
Earnings before Interest and Taxes (EBIT)	1,048	1,705	2,006	-939	1,261	1,887	1,811	2,236	-882	1,491	1,715
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,600	2,398	2,632	-261	1,913	2,578	2,527	3,004	-41	2,018	2,363
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-8,898	1,347	1,114	1,640	-3,952	1,763	338	222	666	-674	957
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	11,163	10,965	11,863	9,565	14,467	14,160	15,296	16,786	15,502	8,807	9,093
Increase / (Decrease) in Invested Capital	9,559	-198	898	-2,298	4,902	-307	1,136	1,490	-1,284	1,775	286
Book Value per Share	$18.77	$22.83	$30.29	$23.71	$26.43	$30.98	$34.31	$39.57	$33.57	$18.50	$18.88
Tangible Book Value per Share	($18.27)	($13.59)	($5.56)	($0.18)	$4.95	$9.36	$11.71	$16.59	$19.50	$16.54	$16.75
Total Capital	11,903	11,835	12,960	9,987	15,007	15,577	16,281	17,428	16,187	10,847	9,810
Total Debt	7,496	6,446	5,778	4,344	8,752	8,292	8,563	8,677	8,874	6,870	6,055
Total Long-Term Debt	7,388	6,294	4,862	4,344	8,502	8,292	8,563	8,677	8,874	5,870	6,055
Net Debt	6,756	5,575	4,680	3,922	8,213	6,875	7,578	8,034	8,189	5,613	5,338
Capital Expenditures (CapEx)	480	566	632	817	1,037	890	1,023	1,254	2,108	1,301	1,133
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,208	1,114	1,535	1,776	434	-96	448	1,499	751	265	-500
Debt-free Net Working Capital (DFNWC)	1,949	1,984	2,633	2,198	973	1,321	1,433	2,142	1,436	1,521	218
Net Working Capital (NWC)	1,841	1,832	1,717	2,198	723	1,321	1,433	2,142	1,436	521	218
Net Nonoperating Expense (NNE)	379	253	297	933	123	114	146	96	381	4,132	-39
Net Nonoperating Obligations (NNO)	6,756	5,575	4,680	3,922	8,213	6,875	7,578	8,034	8,189	4,829	5,338
Total Depreciation and Amortization (D&A)	552	693	627	678	652	691	716	768	841	527	648
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	($6.69)	$3.49	$5.68	$5.83	$7.24	($4.55)	($14.05)	$6.23
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	238.20M	236.81M	233.42M	225.11M	221.23M	217.98M	215.70M	205.80M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	($6.66)	$3.47	$5.65	$5.80	$7.21	($4.55)	($14.03)	$6.22
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	238.20M	236.81M	233.42M	225.11M	221.23M	217.98M	215.90M	206.30M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	238.20M	236.81M	233.42M	225.11M	221.23M	217.98M	215.08M	197.30M
Normalized Net Operating Profit after Tax (NOPAT)	661	1,149	1,399	1,251	1,186	1,456	1,474	1,712	131	1,102	1,243
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from Dollar Tree's official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	2/3/2024	5/4/2024	8/3/2024	11/2/2024	2/1/2025	5/3/2025	8/2/2025	11/1/2025	1/31/2026	5/2/2026	8/1/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	198,853,187.00	197,298,217.00	192,174,588.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	198,853,187.00	197,298,217.00	192,174,588.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	2.55	1.76	2.68
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.91%	4.22%	0.73%	3.46%	3.50%	11.29%	12.33%	9.44%	-	7.24%	7.02%
EBITDA Growth	-304.38%	6.25%	-8.32%	13.94%	-41.14%	19.19%	16.25%	8.93%	-	9.85%	124.71%
EBIT Growth	-405.97%	0.21%	-29.45%	10.55%	-30.21%	16.76%	7.23%	3.81%	-	7.38%	204.32%
NOPAT Growth	-379.42%	-0.03%	-29.42%	7.81%	-35.22%	-1.15%	4.24%	2.84%	-	24.91%	200.39%
Net Income Growth	-478.11%	0.37%	-33.93%	10.05%	-116.16%	14.43%	42.30%	4.84%	-	1.14%	173.09%
EPS Growth	-481.37%	2.22%	-31.87%	11.34%	-120.21%	16.67%	46.77%	11.11%	-	9.32%	196.70%
Operating Cash Flow Growth	42.49%	-7.49%	78.64%	55.32%	-58.29%	-25.08%	12.13%	-46.61%	-	70.15%	253.47%
Free Cash Flow Firm Growth	96.04%	272.68%	262.90%	373.97%	-113.56%	-116.59%	-115.28%	-115.61%	-	118.23%	152.35%
Invested Capital Growth	-7.65%	-7.09%	-7.59%	-10.14%	25.25%	27.13%	22.21%	24.38%	-	0.62%	-2.99%
Revenue Q/Q Growth	18.12%	-11.66%	-3.33%	2.57%	-166.08%	192.77%	-1.49%	3.95%	-	-8.71%	-1.70%
EBITDA Q/Q Growth	-420.75%	139.32%	-31.29%	31.07%	-44.96%	84.00%	-34.09%	29.05%	-	-24.21%	34.82%
EBIT Q/Q Growth	-727.16%	122.24%	-51.70%	64.11%	60.28%	-16.55%	-48.09%	48.31%	-	-31.08%	47.11%
NOPAT Q/Q Growth	-661.06%	124.07%	-51.56%	64.78%	47.34%	-24.06%	-39.50%	51.77%	-	-32.35%	45.51%
Net Income Q/Q Growth	-906.51%	117.55%	-55.88%	76.21%	-1,684.18%	109.29%	-45.14%	29.83%	-	-31.38%	48.14%
EPS Q/Q Growth	-902.06%	117.74%	-55.07%	74.19%	-1,684.26%	109.41%	-43.48%	31.87%	-	-29.60%	53.41%
Operating Cash Flow Q/Q Growth	148.10%	-44.56%	-55.89%	155.98%	-48.43%	-6.57%	-31.12%	22.48%	-	-47.74%	43.09%
Free Cash Flow Firm Q/Q Growth	94.64%	3,840.70%	-1.97%	39.33%	-168.20%	-17.28%	7.53%	-6.06%	-	24.87%	165.57%
Invested Capital Q/Q Growth	-12.66%	0.20%	3.46%	-0.76%	-44.78%	2.55%	3.02%	2.67%	-	-0.05%	-0.67%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	32.16%	30.84%	30.09%	30.97%	0.00%	35.62%	34.43%	35.89%	-	36.87%	42.91%
EBITDA Margin	-19.27%	8.57%	6.09%	7.79%	0.00%	12.87%	8.61%	10.69%	-	13.18%	18.07%
Operating Margin	-21.89%	5.51%	2.75%	4.41%	0.00%	8.28%	5.05%	7.23%	-	9.51%	14.11%
EBIT Margin	-21.89%	5.51%	2.75%	4.40%	0.00%	9.61%	5.06%	7.22%	-	9.62%	14.40%
Profit (Net Income) Margin	-19.79%	3.93%	1.79%	3.08%	0.00%	7.40%	4.12%	5.15%	-	6.98%	10.52%
Tax Burden Percent	89.18%	75.76%	76.00%	76.29%	-728.26%	81.16%	90.32%	76.13%	-	75.11%	74.96%
Interest Burden Percent	101.39%	94.20%	85.77%	91.75%	95.00%	94.91%	90.15%	93.62%	-	96.59%	97.47%
Effective Tax Rate	0.00%	24.24%	24.00%	23.71%	25.77%	25.90%	25.46%	23.87%	-	24.89%	25.04%
Return on Invested Capital (ROIC)	-29.04%	8.00%	3.87%	6.23%	0.00%	13.72%	8.26%	12.10%	-	15.57%	23.16%
ROIC Less NNEP Spread (ROIC-NNEP)	-33.80%	7.77%	3.61%	5.98%	0.00%	16.11%	8.81%	11.56%	-	15.42%	23.11%
Return on Net Nonoperating Assets (RNNOA)	-34.14%	7.69%	3.76%	6.13%	0.00%	7.07%	4.76%	6.39%	-	22.28%	37.14%
Return on Equity (ROE)	-63.18%	15.69%	7.63%	12.36%	0.00%	20.79%	13.02%	18.49%	-	37.85%	60.30%
Cash Return on Invested Capital (CROIC)	4.13%	3.53%	3.85%	6.80%	-8.51%	-10.28%	-6.92%	-8.81%	-	13.89%	21.13%
Operating Return on Assets (OROA)	-29.74%	7.53%	3.70%	5.81%	0.00%	8.59%	5.22%	7.41%	-	11.83%	21.08%
Return on Assets (ROA)	-26.89%	5.38%	2.41%	4.06%	0.00%	6.61%	4.25%	5.28%	-	8.58%	15.40%
Return on Common Equity (ROCE)	-63.18%	15.69%	7.63%	12.36%	0.00%	20.79%	13.02%	18.49%	-	37.85%	60.30%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-13.64%	-14.44%	-13.67%	0.00%	-76.49%	0.00%	0.00%	-	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-1,324	319	154	254	375	285	172	261	525	355	517
NOPAT Margin	-15.32%	4.17%	2.09%	3.36%	0.00%	6.13%	3.77%	5.50%	-	7.14%	10.58%
Net Nonoperating Expense Percent (NNEP)	4.76%	0.23%	0.26%	0.25%	179.02%	-2.39%	-0.55%	0.55%	-	0.15%	0.05%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	3.46%	2.63%	1.73%	2.58%	5.36%	3.52%	5.13%
Cost of Revenue to Revenue	67.84%	69.16%	69.91%	69.03%	0.00%	64.38%	65.57%	64.11%	-	63.13%	57.09%
SG&A Expenses to Revenue	41.67%	25.33%	27.34%	26.57%	0.00%	27.34%	29.55%	29.17%	-	27.79%	29.17%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Operating Expenses to Revenue	54.05%	25.33%	27.34%	26.57%	0.00%	27.34%	29.38%	28.67%	-	27.36%	28.80%
Earnings before Interest and Taxes (EBIT)	-1,891	421	203	333	534	446	231	343	695	479	704
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-1,665	655	450	589	324	597	393	508	865	656	884
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.13	3.60	2.90	1.88	3.97	4.64	6.64	5.84	-	5.33	7.14
Price to Tangible Book Value (P/TBV)	7.11	6.19	4.96	3.13	4.44	5.21	7.52	6.65	-	6.06	8.14
Price to Revenue (P/Rev)	0.99	0.85	0.69	0.46	0.90	1.00	1.29	1.07	-	0.95	1.22
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	14.52	15.16
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	6.89%	6.60%
Enterprise Value to Invested Capital (EV/IC)	2.48	2.22	1.87	1.42	2.43	2.66	3.19	2.75	-	2.67	3.33
Enterprise Value to Revenue (EV/Rev)	1.26	1.12	0.97	0.72	1.22	1.33	1.60	1.39	-	1.23	1.50
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	783.08	10.60	11.38	13.67	11.90	-	10.02	10.32
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	14.34	15.47	18.87	16.61	-	13.88	13.53
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	19.41	21.92	26.82	23.64	-	18.45	18.11
Enterprise Value to Operating Cash Flow (EV/OCF)	14.31	13.14	10.89	7.44	9.75	11.64	14.15	14.49	-	9.88	9.64
Enterprise Value to Free Cash Flow (EV/FCFF)	57.65	60.76	46.73	19.75	0.00	0.00	0.00	0.00	-	19.28	15.51
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.21	1.21	1.26	1.18	1.73	1.78	1.77	1.93	-	1.88	1.94
Long-Term Debt to Equity	1.21	1.21	1.09	1.05	1.48	1.52	1.68	1.75	-	1.88	1.94
Financial Leverage	1.01	0.99	1.04	1.03	0.40	0.44	0.54	0.55	-	1.44	1.61
Leverage Ratio	2.80	2.79	2.81	2.85	3.60	3.60	3.28	3.33	-	4.33	3.90
Compound Leverage Factor	2.84	2.63	2.41	2.61	3.42	3.42	2.95	3.12	-	4.19	3.80
Debt to Total Capital	54.82%	54.73%	55.65%	54.13%	63.33%	63.98%	63.84%	65.86%	-	65.26%	66.04%
Short-Term Debt to Total Capital	0.00%	0.00%	7.51%	6.01%	9.22%	9.22%	3.00%	6.10%	-	0.00%	0.00%
Long-Term Debt to Total Capital	54.82%	54.73%	48.14%	48.12%	54.11%	54.76%	60.84%	59.75%	-	65.26%	66.04%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Common Equity to Total Capital	45.18%	45.27%	44.35%	45.87%	36.67%	36.02%	36.16%	34.14%	-	34.74%	33.96%
Debt to EBITDA	-216.97	-3,683.17	-214.38	311.77	3.40	3.28	2.93	3.02	-	2.72	2.29
Net Debt to EBITDA	-200.22	-3,425.46	-201.18	287.63	2.78	2.80	2.63	2.75	-	2.30	1.92
Long-Term Debt to EBITDA	-216.97	-3,683.17	-185.45	277.17	2.91	2.81	2.80	2.74	-	2.72	2.29
Debt to NOPAT	-14.38	-14.34	-13.70	-13.78	6.24	6.32	5.76	6.01	-	5.01	4.01
Net Debt to NOPAT	-13.27	-13.33	-12.86	-12.72	5.10	5.40	5.16	5.47	-	4.25	3.38
Long-Term Debt to NOPAT	-14.38	-14.34	-11.85	-12.25	5.33	5.41	5.49	5.45	-	5.01	4.01
Altman Z-Score	2.87	3.07	2.70	2.40	2.01	2.15	3.31	3.01	-	3.03	3.36
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.31	1.28	1.02	1.03	1.06	1.04	1.04	0.96	-	1.16	1.13
Quick Ratio	0.15	0.13	0.10	0.11	0.15	0.12	0.19	0.15	-	0.32	0.32
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-40	1,504	1,474	2,054	-1,401	-1,643	-1,519	-1,611	240	299	795
Operating Cash Flow to CapEx	160.04%	147.33%	61.29%	184.24%	0.00%	152.13%	106.36%	84.83%	-	255.05%	374.14%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.36	1.37	1.35	1.32	0.86	0.89	1.03	1.03	-	1.23	1.46
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Inventory Turnover	4.03	4.24	4.11	3.90	4.37	4.49	4.53	4.14	-	4.83	4.79
Fixed Asset Turnover	5.51	5.42	5.21	5.04	4.22	4.23	4.21	4.10	-	4.11	4.12
Accounts Payable Turnover	10.73	11.11	10.68	8.96	7.86	8.05	8.10	6.70	-	7.97	7.64
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Days Inventory Outstanding (DIO)	90.62	86.06	88.81	93.70	83.58	81.32	80.56	88.08	-	75.56	76.23
Days Payable Outstanding (DPO)	34.01	32.86	34.16	40.72	46.46	45.34	45.06	54.48	-	45.79	47.80
Cash Conversion Cycle (CCC)	56.61	53.20	54.65	52.98	37.12	35.98	35.50	33.60	-	29.77	28.43
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	15,502	15,534	16,070	15,949	8,807	9,032	9,305	9,553	9,093	9,088	9,027
Invested Capital Turnover	1.90	1.92	1.85	1.85	2.22	2.24	2.19	2.20	-	2.18	2.19
Increase / (Decrease) in Invested Capital	-1,284	-1,185	-1,320	-1,800	1,775	1,927	1,691	1,872	286	56	-278
Enterprise Value (EV)	38,410	34,538	30,084	22,631	21,386	24,058	29,641	26,306	-	24,259	30,048
Market Capitalization	30,221	26,317	21,393	14,318	15,773	18,129	23,942	20,217	-	18,678	24,447
Book Value per Share	$33.57	$33.55	$34.33	$35.52	$18.50	$18.15	$17.27	$16.99	$18.88	$17.78	$17.82
Tangible Book Value per Share	$19.50	$19.49	$20.08	$21.27	$16.54	$16.19	$15.25	$14.92	$16.75	$15.63	$15.63
Total Capital	16,187	16,152	16,641	16,646	10,847	10,841	9,971	10,148	9,810	10,095	10,085
Total Debt	8,874	8,840	9,261	9,010	6,870	6,936	6,366	6,683	6,055	6,588	6,660
Total Long-Term Debt	8,874	8,840	8,011	8,010	5,870	5,936	6,067	6,064	6,055	6,588	6,660
Net Debt	8,189	8,221	8,691	8,313	5,613	5,929	5,700	6,089	5,338	5,581	5,602
Capital Expenditures (CapEx)	784	472	501	426	-99	249	245	376	264	253	246
Debt-free, Cash-free Net Working Capital (DFCFNWC)	751	707	772	521	265	353	-240	-135	-500	-493	-617
Debt-free Net Working Capital (DFNWC)	1,436	1,326	1,342	1,218	1,521	1,360	427	460	218	514	442
Net Working Capital (NWC)	1,436	1,326	92	218	521	360	127	-159	218	514	442
Net Nonoperating Expense (NNE)	386	19	22	21	4,071	-59	-16	17	19	8.19	2.77
Net Nonoperating Obligations (NNO)	8,189	8,221	8,691	8,313	4,829	5,127	5,700	6,089	5,338	5,581	5,602
Total Depreciation and Amortization (D&A)	226	234	247	256	-210	151	162	165	171	177	180
Debt-free, Cash-free Net Working Capital to Revenue	2.45%	2.29%	2.49%	1.67%	1.51%	1.95%	-1.29%	-0.71%	-	-2.50%	-3.07%
Debt-free Net Working Capital to Revenue	4.69%	4.29%	4.33%	3.90%	8.65%	7.53%	2.30%	2.43%	-	2.60%	2.20%
Net Working Capital to Revenue	4.69%	4.29%	0.30%	0.70%	2.97%	1.99%	0.68%	-0.84%	-	2.60%	2.20%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($7.78)	$1.38	$0.62	$1.09	($17.14)	$1.61	$0.91	$1.20	$2.51	$1.76	$2.70
Adjusted Weighted Average Basic Shares Outstanding	217.98M	217.80M	215M	215M	215.70M	213.60M	207.30M	203.30M	205.80M	196.80M	190.60M
Adjusted Diluted Earnings per Share	($7.78)	$1.38	$0.62	$1.08	($17.11)	$1.61	$0.91	$1.20	$2.50	$1.76	$2.70
Adjusted Weighted Average Diluted Shares Outstanding	217.98M	218.10M	215.20M	215.20M	215.90M	213.90M	207.80M	203.80M	206.30M	197.40M	190.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	217.98M	214.94M	214.99M	215.04M	215.08M	208.70M	203.97M	198.85M	197.30M	192.17M	187.63M
Normalized Net Operating Profit after Tax (NOPAT)	-1,324	319	154	254	375	285	172	261	525	355	517
Normalized NOPAT Margin	-15.32%	4.17%	2.09%	3.36%	0.00%	6.13%	3.77%	5.50%	-	7.14%	10.58%
Pre Tax Income Margin	-22.19%	5.19%	2.36%	4.04%	0.00%	9.12%	4.56%	6.76%	-	9.29%	14.03%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%	0.00%
Augmented Payout Ratio	-50.08%	-63.05%	-61.02%	-38.31%	-13.20%	-18.60%	-31.53%	-44.94%	-	132.63%	113.66%

Financials Breakdown Chart

Key Financial Trends

Dollar Tree’s latest quarter shows a mix of strong cash generation and a more leveraged balance sheet, while profits and sales softened versus the prior quarter. For Q1 2026, revenue came in at $5.0 billion and net income from continuing operations was $347.3 million, but both declined from Q4 2025. At the same time, the company generated solid operating cash flow and ended the quarter with over $1.0 billion in cash.

Operating cash flow remained strong. Dollar Tree produced $644 million in cash from operations in Q1 2026, which is a healthy level for a retail business.
The company finished the quarter with more than $1 billion in cash. Cash and equivalents rose to $1.01 billion, up from $595 million at the end of Q3 2025.
Gross profit stayed solid despite lower sales. Q1 2026 gross profit was $1.83 billion, showing the business still has meaningful earnings power.
Free cash generation appears capable of supporting shareholder returns. Even after capex of $252.5 million and share repurchases, Dollar Tree still produced positive operating cash flow.
Retained earnings continue to build over time. Retained earnings were $3.56 billion in Q1 2026, reflecting the company’s long-term profitability.
Revenue and earnings declined sequentially. Q1 2026 revenue fell to $4.98 billion from $5.45 billion in Q4 2025, and net income from continuing operations dropped to $347.3 million from $511.7 million.
Management continued to buy back stock. Dollar Tree repurchased $585.8 million of common equity in Q1 2026, which supports EPS but also uses cash.
Capital spending remains significant. The company invested $252.5 million in property, plant and equipment during the quarter, indicating ongoing store and infrastructure investment.
Inventory remains a large balance sheet item. Inventories were $2.47 billion at quarter-end, which is typical for retail but worth watching for markdown risk and working-capital pressure.
Debt and lease obligations remain heavy. Total long-term debt was $2.93 billion and capital lease obligations were $3.66 billion, creating a sizable fixed-charge burden.
Liabilities are high relative to equity. Total liabilities of $10.32 billion versus equity of $3.51 billion leaves the balance sheet meaningfully leveraged.
Shareholder equity fell from prior periods. Common equity dropped from $3.64 billion in Q3 2025 to $3.51 billion in Q1 2026, reflecting the impact of debt and buybacks.
Operating cash flow was well below the strong Q4 2025 level. Cash from operations fell from $1.23 billion in Q4 2025 to $644 million in Q1 2026, showing some normalization after an unusually strong quarter.

Bottom line: Dollar Tree remains cash-generative and still has a sizable cash cushion, but the latest quarter showed lower sales and earnings, plus a balance sheet that carries substantial debt and lease obligations. Investors will likely want to watch whether operating income can stabilize and whether cash flow remains strong enough to support buybacks and debt management.

09/11/26 04:08 PM ETAI Generated. May Contain Errors.

Dollar Tree Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Dollar Tree's fiscal year ends in January. Their fiscal year 2026 ended on January 31, 2026.

Dollar Tree's net income appears to be on a downward trend, with a most recent value of $1.28 billion in 2025, rising from $282.40 million in 2015. The previous period was -$3.03 billion in 2024. Find out what analysts predict for Dollar Tree in the coming months.

Dollar Tree's total operating income in 2025 was $1.65 billion, based on the following breakdown:

Total Gross Profit: $7.07 billion
Total Operating Expenses: $5.41 billion

Over the last 10 years, Dollar Tree's total revenue changed from $15.50 billion in 2015 to $19.41 billion in 2025, a change of 25.3%.

Dollar Tree's total liabilities were at $9.71 billion at the end of 2025, a 33.8% decrease from 2024, and a 15.5% decrease since 2015.

In the past 10 years, Dollar Tree's cash and equivalents has ranged from $422.10 million in 2018 to $1.42 billion in 2020, and is currently $717.80 million as of their latest financial filing in 2025.

Over the last 10 years, Dollar Tree's book value per share changed from 18.77 in 2015 to 18.88 in 2025, a change of 0.6%.

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Financial statements for NASDAQ:DLTR last updated on 8/27/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Dollar Tree (DLTR) Financials

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Dollar Tree (DLTR) Financials

Annual Income Statements for Dollar Tree

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Quarterly Cash Flow Statements for Dollar Tree

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Quarterly Balance Sheets for Dollar Tree

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Quarterly Metrics And Ratios for Dollar Tree

Financials Breakdown Chart

Key Financial Trends

Dollar Tree Financials - Frequently Asked Questions

When does Dollar Tree's financial year end?

How has Dollar Tree's net income changed over the last 10 years?

What is Dollar Tree's operating income?

How has Dollar Tree's revenue changed over the last 10 years?

How much debt does Dollar Tree have?

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How has Dollar Tree's book value per share changed over the last 10 years?

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