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

$111.35 -5.09 (-4.37%)

Closing price 06/1/2026 04:00 PM Eastern

Extended Trading

$110.59 -0.76 (-0.68%)

As of 06/1/2026 07:58 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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	10/28/2023	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
Net Income / (Loss) Attributable to Common Shareholders	212	-1,710	300	132	233	-3,696	343	188	245	506	347
Consolidated Net Income / (Loss)	212	-1,710	300	132	233	-3,696	343	188	245	506	347
Net Income / (Loss) Continuing Operations	212	-1,710	268	142	232	377	314	156	245	512	347
Total Pre-Tax Income	271	-1,917	355	186	302	508	423	209	321	677	462
Total Operating Income	302	-1,891	382	216	331	505	384	231	343	695	473
Total Gross Profit	2,179	2,779	1,480	1,394	1,537	-624	1,653	1,574	1,705	2,135	1,835
Total Revenue	7,315	8,640	4,169	4,069	4,341	-5,001	4,640	4,570	4,751	5,451	4,976
Operating Revenue	7,315	8,640	4,169	4,069	4,341	-5,001	4,640	4,570	4,751	5,451	4,976
Total Cost of Revenue	5,136	5,861	2,689	2,674	2,804	-4,377	2,987	2,997	3,046	3,316	3,141
Operating Cost of Revenue	5,136	5,861	2,689	2,674	2,804	-4,377	2,987	2,997	3,046	3,316	3,141
Total Operating Expenses	1,877	4,670	1,098	1,179	1,207	-1,129	1,269	1,343	1,362	1,441	1,362
Selling, General & Admin Expense	1,877	3,601	1,098	1,179	1,207	-1,129	1,269	1,351	1,386	1,464	1,383
Other Operating Expenses / (Income)	-	-	-	0.00	0.00	-	0.00	-8.00	-24	-	-21
Total Other Income / (Expense), net	-31	-26	-27	-30	-28	2.60	39	-22	-22	-18	-11
Interest & Investment Income	-30	-26	-27	-30	-28	-27	-23	-23	-22	-18	-16
Other Income / (Expense), net	-0.20	0.10	-0.10	0.00	-0.10	29	62	0.40	-0.10	-0.10	5.40
Income Tax Expense	59	-207	87	44	70	131	110	53	77	165	115
Net Income / (Loss) Discontinued Operations	-	-	32	-9.90	1.00	-	30	33	0.00	-5.60	0.00
Basic Earnings per Share	$0.97	($7.78)	$1.38	$0.62	$1.09	($17.14)	$1.61	$0.91	$1.20	$2.51	$1.76
Weighted Average Basic Shares Outstanding	218.90M	217.98M	217.80M	215M	215M	215.70M	213.60M	207.30M	203.30M	205.80M	196.80M
Diluted Earnings per Share	$0.97	($7.78)	$1.38	$0.62	$1.08	($17.11)	$1.61	$0.91	$1.20	$2.50	$1.76
Weighted Average Diluted Shares Outstanding	219.20M	217.98M	218.10M	215.20M	215.20M	215.90M	213.90M	207.80M	203.80M	206.30M	197.40M
Weighted Average Basic & Diluted Shares Outstanding	217.87M	217.98M	214.94M	214.99M	215.04M	215.08M	208.70M	203.97M	198.85M	197.30M	192.17M

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	10/28/2023	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
Net Change in Cash & Equivalents	-67	242	-66	-47	128	739	-200	-554	-120	123	290
Net Cash From Operating Activities	506	1,255	505	307	786	405	379	261	319	1,232	644
Net Cash From Continuing Operating Activities	506	1,255	505	307	786	405	379	261	319	1,232	644
Net Income / (Loss) Continuing Operations	212	-1,710	268	132	233	377	314	156	245	512	347
Consolidated Net Income / (Loss)	212	-1,710	300	132	233	-3,696	343	188	245	506	347
Net Income / (Loss) Discontinued Operations	-	-	32	-	-	-	30	33	-	-5.60	0.00
Depreciation Expense	216	226	119	247	256	-210	151	162	165	171	177
Non-Cash Adjustments To Reconcile Net Income	30	2,528	25	31	31	85	-21	26	70	44	34
Changes in Operating Assets and Liabilities, net	48	214	94	-103	266	153	-66	-83	-160	506	86
Net Cash From Investing Activities	-541	-785	-317	-477	-409	110	-199	178	-372	-256	-253
Net Cash From Continuing Investing Activities	-541	-785	-317	-477	-409	110	-199	178	-372	-256	-253
Purchase of Property, Plant & Equipment	-541	-784	-317	-501	-426	99	-249	-245	-376	-264	-253
Other Investing Activities, net	0.10	5.10	-0.20	24	17	11	50	0.80	-0.70	-	-0.40
Net Cash From Financing Activities	-30	-228	-288	123	-248	1.60	-439	-1,197	-68	-853	-101
Net Cash From Continuing Financing Activities	-30	-228	-288	123	-248	1.60	-439	-1,197	-68	-853	-101
Repayment of Debt	-	-1,068	0.00	-	-	-	-3.80	-4,394	-3,575	-3,149	0.00
Repurchase of Common Equity	-250	-	-272	-128	-	-	-428	-497	-388	-236	-586
Issuance of Debt	948	839	-	-	2,956	-	0.00	-	3,894	2,530	500
Issuance of Common Equity	2.10	2.40	3.90	1.80	2.00	2.10	2.80	2.10	1.20	2.10	2.40
Other Financing Activities, net	-11	-1.40	-20	-0.80	-0.30	-0.50	-11	-1.40	-0.40	-0.80	-18
Effect of Exchange Rate Changes	-2.00	0.10	-0.40	-0.10	-0.20	-1.10	0.70	-0.10	-	0.30	-0.20
Other Net Changes in Cash	-	-	34	-	-	-	59	204	-	-	0.00
Cash Interest Paid	1.10	66	0.40	67	1.70	64	0.40	71	6.90	47	2.90
Cash Income Taxes Paid	33	17	5.30	110	13	47	4.30	140	-	-	1.00

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
Other Current Nonoperating Assets	-	-	-	-	-	-	-	-	3,070	5,009	0.00
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
Other Noncurrent Nonoperating Assets	-	-	-	-	-	-	-	-	7,792	-	0.00
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
Current Deferred & Payable Income Tax Liabilities	13	90	32	60	63	86	83	58	53	120	0.00
Other Current Liabilities	723	744	737	619	1,897	2,164	2,210	2,267	1,478	1,535	1,698
Other Current Nonoperating Liabilities	-	-	-	-	-	-	-	-	1,999	4,225	0.00
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
Other Noncurrent Nonoperating Liabilities	-	-	-	-	-	-	-	-	2,539	-	0.00
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	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	4/29/2023	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
Total Assets	23,109	23,428	24,031	22,024	22,110	22,617	23,333	18,291	13,385	13,656	13,824
Total Current Assets	6,268	6,157	6,302	6,133	6,082	6,092	6,632	8,597	3,614	3,731	3,698
Cash & Equivalents	873	513	445	685	391	380	478	1,007	666	595	1,007
Inventories, net	5,112	5,329	5,515	5,113	2,457	2,571	3,003	2,704	2,683	2,860	2,471
Other Current Assets	283	315	342	335	265	212	193	180	264	276	220
Other Current Nonoperating Assets	-	-	-	-	2,970	2,929	2,958	4,706	0.00	0.00	0.00
Plant, Property, & Equipment, net	5,112	5,359	5,715	6,144	3,947	4,167	4,363	4,588	4,652	4,878	5,028
Total Noncurrent Assets	11,729	11,911	12,015	9,747	12,081	12,357	12,338	5,107	5,119	5,048	5,097
Goodwill	1,983	1,983	1,982	914	423	423	422	423	422	422	423
Noncurrent Deferred & Refundable Income Taxes	14	13	11	9.00	8.70	7.50	5.30	269	86	2.00	1.70
Other Noncurrent Operating Assets	6,633	6,815	6,922	6,674	3,872	4,163	4,286	4,415	4,611	4,624	4,673
Other Noncurrent Nonoperating Assets	-	-	-	-	7,778	7,764	7,624	0.00	0.00	0.00	0.00
Total Liabilities & Shareholders' Equity	23,109	23,428	24,031	22,024	22,110	22,617	23,333	18,291	13,385	13,656	13,824
Total Liabilities	14,209	14,397	15,033	14,710	14,798	15,237	15,697	14,386	9,780	10,192	10,317
Total Current Liabilities	4,142	4,150	4,648	4,697	4,756	6,000	6,413	8,237	3,487	3,890	3,184
Short-Term Debt	-	0.00	230	0.00	0.00	1,250	1,000	1,000	300	620	0.00
Accounts Payable	1,598	1,776	1,857	2,064	1,305	1,346	1,950	1,572	1,594	1,676	1,564
Current Deferred & Payable Income Tax Liabilities	144	10	0.00	53	83	0.40	8.00	240	0.00	0.00	0.00
Other Current Liabilities	2,400	2,364	2,561	2,580	1,414	1,495	1,487	1,521	1,594	1,594	1,621
Other Current Nonoperating Liabilities	-	-	-	-	1,954	1,909	1,969	3,904	0.00	0.00	0.00
Total Noncurrent Liabilities	10,067	10,247	10,385	10,014	10,042	9,237	9,283	6,150	6,293	6,302	7,132
Long-Term Debt	3,423	3,424	3,425	3,426	3,428	2,429	2,430	2,429	2,430	2,431	2,933
Capital Lease Obligations	5,269	5,448	5,540	5,448	3,062	3,280	3,373	3,507	3,637	3,633	3,656
Noncurrent Deferred Revenue	18	18	20	22	22	19	21	27	28	25	28
Noncurrent Deferred & Payable Income Tax Liabilities	1,108	1,108	1,165	841	902	917	965	0.00	0.00	0.50	264
Other Noncurrent Operating Liabilities	250	249	235	277	141	152	162	186	199	212	253
Other Noncurrent Nonoperating Liabilities	-	-	-	-	2,486	2,441	2,333	0.00	0.00	0.00	0.00
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	8,900	9,031	8,998	7,313	7,312	7,380	7,636	3,905	3,605	3,465	3,507
Total Preferred & Common Equity	8,900	9,031	8,998	7,313	7,312	7,380	7,636	3,905	3,605	3,465	3,507
Total Common Equity	8,900	9,031	8,998	7,313	7,312	7,380	7,636	3,905	3,605	3,465	3,507
Common Stock	522	449	211	232	2.20	24	53	2.10	2.10	2.10	1.90
Retained Earnings	8,422	8,622	8,834	7,125	7,356	7,404	7,637	3,956	3,657	3,518	3,557
Accumulated Other Comprehensive Income / (Loss)	-44	-40	-47	-44	-46	-49	-54	-54	-54	-55	-52

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	10/28/2023	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
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	198,853,187.00	197,298,217.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	198,853,187.00	197,298,217.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	2.55	1.76
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.40%	11.91%	4.22%	0.73%	3.46%	3.50%	11.29%	12.33%	9.44%	-	7.24%
EBITDA Growth	-9.44%	-304.38%	6.25%	-8.32%	13.94%	-41.14%	19.19%	16.25%	8.93%	-	9.85%
EBIT Growth	-20.89%	-405.97%	0.21%	-29.45%	10.55%	-30.21%	16.76%	7.23%	3.81%	-	7.38%
NOPAT Growth	-19.23%	-379.42%	-0.03%	-29.42%	7.81%	-35.22%	-1.15%	4.24%	2.84%	-	24.91%
Net Income Growth	-20.57%	-478.11%	0.37%	-33.93%	10.05%	-116.16%	14.43%	42.30%	4.84%	-	1.14%
EPS Growth	-19.17%	-481.37%	2.22%	-31.87%	11.34%	-120.21%	16.67%	46.77%	11.11%	-	9.32%
Operating Cash Flow Growth	136.91%	42.49%	-7.49%	78.64%	55.32%	-58.29%	-25.08%	12.13%	-46.61%	-	70.15%
Free Cash Flow Firm Growth	51.49%	96.04%	272.68%	262.90%	373.97%	-113.56%	-116.59%	-115.28%	-115.61%	-	118.23%
Invested Capital Growth	5.88%	-7.65%	-7.09%	-7.59%	-10.14%	25.25%	27.13%	22.21%	24.38%	-	0.62%
Revenue Q/Q Growth	-0.14%	18.12%	-11.66%	-3.33%	2.57%	-166.08%	192.77%	-1.49%	3.95%	-	-8.71%
EBITDA Q/Q Growth	5.46%	-420.75%	139.32%	-31.29%	31.07%	-44.96%	84.00%	-34.09%	29.05%	-	-24.21%
EBIT Q/Q Growth	4.72%	-727.16%	122.24%	-51.70%	64.11%	60.28%	-16.55%	-48.09%	48.31%	-	-31.08%
NOPAT Q/Q Growth	7.87%	-661.06%	124.07%	-51.56%	64.78%	47.34%	-24.06%	-39.50%	51.77%	-	-32.35%
Net Income Q/Q Growth	5.79%	-906.51%	117.55%	-55.88%	76.21%	-1,684.18%	109.29%	-45.14%	29.83%	-	-31.38%
EPS Q/Q Growth	6.59%	-902.06%	117.74%	-55.07%	74.19%	-1,684.26%	109.41%	-43.48%	31.87%	-	-29.60%
Operating Cash Flow Q/Q Growth	194.41%	148.10%	-44.56%	-55.89%	155.98%	-48.43%	-6.57%	-31.12%	22.48%	-	-47.74%
Free Cash Flow Firm Q/Q Growth	17.15%	94.64%	3,840.70%	-1.97%	39.33%	-168.20%	-17.28%	7.53%	-6.06%	-	24.87%
Invested Capital Q/Q Growth	2.06%	-12.66%	0.20%	3.46%	-0.76%	-44.78%	2.55%	3.02%	2.67%	-	-0.05%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	29.78%	32.16%	30.84%	30.09%	30.97%	0.00%	35.62%	34.43%	35.89%	-	36.87%
EBITDA Margin	7.07%	-19.27%	8.57%	6.09%	7.79%	0.00%	12.87%	8.61%	10.69%	-	13.18%
Operating Margin	4.12%	-21.89%	5.51%	2.75%	4.41%	0.00%	8.28%	5.05%	7.23%	-	9.51%
EBIT Margin	4.12%	-21.89%	5.51%	2.75%	4.40%	0.00%	9.61%	5.06%	7.22%	-	9.62%
Profit (Net Income) Margin	2.90%	-19.79%	3.93%	1.79%	3.08%	0.00%	7.40%	4.12%	5.15%	-	6.98%
Tax Burden Percent	78.20%	89.18%	75.76%	76.00%	76.29%	-728.26%	81.16%	90.32%	76.13%	-	75.11%
Interest Burden Percent	89.92%	101.39%	94.20%	85.77%	91.75%	95.00%	94.91%	90.15%	93.62%	-	96.59%
Effective Tax Rate	21.80%	0.00%	24.24%	24.00%	23.71%	25.77%	25.90%	25.46%	23.87%	-	24.89%
Return on Invested Capital (ROIC)	5.55%	-29.04%	8.00%	3.87%	6.23%	0.00%	13.72%	8.26%	12.10%	-	15.57%
ROIC Less NNEP Spread (ROIC-NNEP)	5.27%	-33.80%	7.77%	3.61%	5.98%	0.00%	16.11%	8.81%	11.56%	-	15.42%
Return on Net Nonoperating Assets (RNNOA)	5.26%	-34.14%	7.69%	3.76%	6.13%	0.00%	7.07%	4.76%	6.39%	-	22.28%
Return on Equity (ROE)	10.81%	-63.18%	15.69%	7.63%	12.36%	0.00%	20.79%	13.02%	18.49%	-	37.85%
Cash Return on Invested Capital (CROIC)	1.51%	4.13%	3.53%	3.85%	6.80%	-8.51%	-10.28%	-6.92%	-8.81%	-	13.89%
Operating Return on Assets (OROA)	5.21%	-29.74%	7.53%	3.70%	5.81%	0.00%	8.59%	5.22%	7.41%	-	11.83%
Return on Assets (ROA)	3.67%	-26.89%	5.38%	2.41%	4.06%	0.00%	6.61%	4.25%	5.28%	-	8.58%
Return on Common Equity (ROCE)	10.81%	-63.18%	15.69%	7.63%	12.36%	0.00%	20.79%	13.02%	18.49%	-	37.85%
Return on Equity Simple (ROE_SIMPLE)	12.93%	0.00%	-13.64%	-14.44%	-13.67%	0.00%	-76.49%	0.00%	0.00%	-	0.00%
Net Operating Profit after Tax (NOPAT)	236	-1,324	319	154	254	375	285	172	261	525	355
NOPAT Margin	3.23%	-15.32%	4.17%	2.09%	3.36%	0.00%	6.13%	3.77%	5.50%	-	7.14%
Net Nonoperating Expense Percent (NNEP)	0.28%	4.76%	0.23%	0.26%	0.25%	179.02%	-2.39%	-0.55%	0.55%	-	0.15%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	3.46%	2.63%	1.73%	2.58%	5.36%	3.52%
Cost of Revenue to Revenue	70.22%	67.84%	69.16%	69.91%	69.03%	0.00%	64.38%	65.57%	64.11%	-	63.13%
SG&A Expenses to Revenue	25.66%	41.67%	25.33%	27.34%	26.57%	0.00%	27.34%	29.55%	29.17%	-	27.79%
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	25.66%	54.05%	25.33%	27.34%	26.57%	0.00%	27.34%	29.38%	28.67%	-	27.36%
Earnings before Interest and Taxes (EBIT)	302	-1,891	421	203	333	534	446	231	343	695	479
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	517	-1,665	655	450	589	324	597	393	508	865	656
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.65	4.13	3.60	2.90	1.88	3.97	4.64	6.64	5.84	-	5.33
Price to Tangible Book Value (P/TBV)	6.08	7.11	6.19	4.96	3.13	4.44	5.21	7.52	6.65	-	6.06
Price to Revenue (P/Rev)	0.80	0.99	0.85	0.69	0.46	0.90	1.00	1.29	1.07	-	0.95
Price to Earnings (P/E)	20.47	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	14.52
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Earnings Yield	4.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	6.89%
Enterprise Value to Invested Capital (EV/IC)	1.83	2.48	2.22	1.87	1.42	2.43	2.66	3.19	2.75	-	2.67
Enterprise Value to Revenue (EV/Rev)	1.10	1.26	1.12	0.97	0.72	1.22	1.33	1.60	1.39	-	1.23
Enterprise Value to EBITDA (EV/EBITDA)	13.36	0.00	0.00	0.00	783.08	10.60	11.38	13.67	11.90	-	10.02
Enterprise Value to EBIT (EV/EBIT)	20.01	0.00	0.00	0.00	0.00	14.34	15.47	18.87	16.61	-	13.88
Enterprise Value to NOPAT (EV/NOPAT)	26.11	0.00	0.00	0.00	0.00	19.41	21.92	26.82	23.64	-	18.45
Enterprise Value to Operating Cash Flow (EV/OCF)	14.09	14.31	13.14	10.89	7.44	9.75	11.64	14.15	14.49	-	9.88
Enterprise Value to Free Cash Flow (EV/FCFF)	124.59	57.65	60.76	46.73	19.75	0.00	0.00	0.00	0.00	-	19.28
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.02	1.21	1.21	1.26	1.18	1.73	1.78	1.77	1.93	-	1.88
Long-Term Debt to Equity	1.00	1.21	1.21	1.09	1.05	1.48	1.52	1.68	1.75	-	1.88
Financial Leverage	1.00	1.01	0.99	1.04	1.03	0.40	0.44	0.54	0.55	-	1.44
Leverage Ratio	2.72	2.80	2.79	2.81	2.85	3.60	3.60	3.28	3.33	-	4.33
Compound Leverage Factor	2.44	2.84	2.63	2.41	2.61	3.42	3.42	2.95	3.12	-	4.19
Debt to Total Capital	50.54%	54.82%	54.73%	55.65%	54.13%	63.33%	63.98%	63.84%	65.86%	-	65.26%
Short-Term Debt to Total Capital	1.26%	0.00%	0.00%	7.51%	6.01%	9.22%	9.22%	3.00%	6.10%	-	0.00%
Long-Term Debt to Total Capital	49.28%	54.82%	54.73%	48.14%	48.12%	54.11%	54.76%	60.84%	59.75%	-	65.26%
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	49.46%	45.18%	45.27%	44.35%	45.87%	36.67%	36.02%	36.16%	34.14%	-	34.74%
Debt to EBITDA	3.77	-216.97	-3,683.17	-214.38	311.77	3.40	3.28	2.93	3.02	-	2.72
Net Debt to EBITDA	3.59	-200.22	-3,425.46	-201.18	287.63	2.78	2.80	2.63	2.75	-	2.30
Long-Term Debt to EBITDA	3.68	-216.97	-3,683.17	-185.45	277.17	2.91	2.81	2.80	2.74	-	2.72
Debt to NOPAT	7.37	-14.38	-14.34	-13.70	-13.78	6.24	6.32	5.76	6.01	-	5.01
Net Debt to NOPAT	7.02	-13.27	-13.33	-12.86	-12.72	5.10	5.40	5.16	5.47	-	4.25
Long-Term Debt to NOPAT	7.19	-14.38	-14.34	-11.85	-12.25	5.33	5.41	5.49	5.45	-	5.01
Altman Z-Score	2.82	2.87	3.07	2.70	2.40	2.01	2.15	3.31	3.01	-	3.03
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	1.36	1.31	1.28	1.02	1.03	1.06	1.04	1.04	0.96	-	1.16
Quick Ratio	0.10	0.15	0.13	0.10	0.11	0.15	0.12	0.19	0.15	-	0.32
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-750	-40	1,504	1,474	2,054	-1,401	-1,643	-1,519	-1,611	240	299
Operating Cash Flow to CapEx	93.42%	160.04%	147.33%	61.29%	184.24%	0.00%	152.13%	106.36%	84.83%	-	255.05%
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	1.26	1.36	1.37	1.35	1.32	0.86	0.89	1.03	1.03	-	1.23
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	3.71	4.03	4.24	4.11	3.90	4.37	4.49	4.53	4.14	-	4.83
Fixed Asset Turnover	5.63	5.51	5.42	5.21	5.04	4.22	4.23	4.21	4.10	-	4.11
Accounts Payable Turnover	11.15	10.73	11.11	10.68	8.96	7.86	8.05	8.10	6.70	-	7.97
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)	98.31	90.62	86.06	88.81	93.70	83.58	81.32	80.56	88.08	-	75.56
Days Payable Outstanding (DPO)	32.74	34.01	32.86	34.16	40.72	46.46	45.34	45.06	54.48	-	45.79
Cash Conversion Cycle (CCC)	65.57	56.61	53.20	54.65	52.98	37.12	35.98	35.50	33.60	-	29.77
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	17,748	15,502	15,534	16,070	15,949	8,807	9,032	9,305	9,553	9,093	9,088
Invested Capital Turnover	1.72	1.90	1.92	1.85	1.85	2.22	2.24	2.19	2.20	-	2.18
Increase / (Decrease) in Invested Capital	986	-1,284	-1,185	-1,320	-1,800	1,775	1,927	1,691	1,872	286	56
Enterprise Value (EV)	32,563	38,410	34,538	30,084	22,631	21,386	24,058	29,641	26,306	-	24,259
Market Capitalization	23,813	30,221	26,317	21,393	14,318	15,773	18,129	23,942	20,217	-	18,678
Book Value per Share	$40.90	$33.57	$33.55	$34.33	$35.52	$18.50	$18.15	$17.27	$16.99	$18.88	$17.78
Tangible Book Value per Share	$17.80	$19.50	$19.49	$20.08	$21.27	$16.54	$16.19	$15.25	$14.92	$16.75	$15.63
Total Capital	18,193	16,187	16,152	16,641	16,646	10,847	10,841	9,971	10,148	9,810	10,095
Total Debt	9,195	8,874	8,840	9,261	9,010	6,870	6,936	6,366	6,683	6,055	6,588
Total Long-Term Debt	8,965	8,874	8,840	8,011	8,010	5,870	5,936	6,067	6,064	6,055	6,588
Net Debt	8,750	8,189	8,221	8,691	8,313	5,613	5,929	5,700	6,089	5,338	5,581
Capital Expenditures (CapEx)	541	784	472	501	426	-99	249	245	376	264	253
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,439	751	707	772	521	265	353	-240	-135	-500	-493
Debt-free Net Working Capital (DFNWC)	1,884	1,436	1,326	1,342	1,218	1,521	1,360	427	460	218	514
Net Working Capital (NWC)	1,654	1,436	1,326	92	218	521	360	127	-159	218	514
Net Nonoperating Expense (NNE)	24	386	19	22	21	4,071	-59	-16	17	19	8.19
Net Nonoperating Obligations (NNO)	8,750	8,189	8,221	8,691	8,313	4,829	5,127	5,700	6,089	5,338	5,581
Total Depreciation and Amortization (D&A)	216	226	234	247	256	-210	151	162	165	171	177
Debt-free, Cash-free Net Working Capital to Revenue	4.85%	2.45%	2.29%	2.49%	1.67%	1.51%	1.95%	-1.29%	-0.71%	-	-2.50%
Debt-free Net Working Capital to Revenue	6.35%	4.69%	4.29%	4.33%	3.90%	8.65%	7.53%	2.30%	2.43%	-	2.60%
Net Working Capital to Revenue	5.57%	4.69%	4.29%	0.30%	0.70%	2.97%	1.99%	0.68%	-0.84%	-	2.60%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.97	($7.78)	$1.38	$0.62	$1.09	($17.14)	$1.61	$0.91	$1.20	$2.51	$1.76
Adjusted Weighted Average Basic Shares Outstanding	218.90M	217.98M	217.80M	215M	215M	215.70M	213.60M	207.30M	203.30M	205.80M	196.80M
Adjusted Diluted Earnings per Share	$0.97	($7.78)	$1.38	$0.62	$1.08	($17.11)	$1.61	$0.91	$1.20	$2.50	$1.76
Adjusted Weighted Average Diluted Shares Outstanding	219.20M	217.98M	218.10M	215.20M	215.20M	215.90M	213.90M	207.80M	203.80M	206.30M	197.40M
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	217.87M	217.98M	214.94M	214.99M	215.04M	215.08M	208.70M	203.97M	198.85M	197.30M	192.17M
Normalized Net Operating Profit after Tax (NOPAT)	236	-1,324	319	154	254	375	285	172	261	525	355
Normalized NOPAT Margin	3.23%	-15.32%	4.17%	2.09%	3.36%	0.00%	6.13%	3.77%	5.50%	-	7.14%
Pre Tax Income Margin	3.71%	-22.19%	5.19%	2.36%	4.04%	0.00%	9.12%	4.56%	6.76%	-	9.29%
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	42.97%	-50.08%	-63.05%	-61.02%	-38.31%	-13.20%	-18.60%	-31.53%	-44.94%	-	132.63%

Financials Breakdown Chart

Key Financial Trends

Dollar Tree (DLTR) has shown a notable uptick in profitability and cash generation in 2025, while also engaging in substantial financing activity to manage its balance sheet. Below are the key four-year trends drawn from the quarterly income statements, cash flow statements, and balance sheets provided.

Net income attributable to common shareholders jumped in 2025 Q4 to $506.1M, continuing operations contributed $511.7M and a solid Consolidated Net Income of $506.1M, indicating improving quarterly profitability.
Operating cash flow in 2025 Q4 rose sharply to $1.232B, well above prior 2025 quarters (Q1: $378.5M, Q2: $260.7M, Q3: $319.3M), signaling stronger cash generation from operations.
Gross margin improvement in 2025 Q4, with Total Gross Profit of $2.135B on $5.451B Revenue (about 39% gross margin), up from the prior quarter’s level and reflecting better product mix or pricing leverage.
Operating asset/liability changes improved cash flow in 2025 Q4, as Changes in Operating Assets and Liabilities net contributed $505.6M to cash from continuing operating activities, aiding liquidity.
Debt financing activity in 2025 Q4 shows access to capital markets, with Debt Issuance of $2.53B (offsetting some maturities) alongside a large Debt Repayment ($3.149B), indicating active balance sheet management and refinancing activity that can support liquidity and maturities timing.
Restatements and adjusted figures in prior years are present, with several earlier quarters showing restated or calculated figures (e.g., some 2023–2024 quarters). While not a current negative, it’s a factor to monitor for consistency in historical comparability.
Buyback activity appears in 2025 Q4, with a Repurchase of Common Equity of $236M, which is a neutral to slightly positive signal for shareholders but reduces near-term cash.
Debt issuance and repayments in 2025 Q4 reflect balance-sheet normalization rather than an immediate earnings driver, making the impact on near-term stock performance neutral.
Net cash from financing activities was negative in 2025 Q4, at about -$853.4M, indicating substantial cash outflows for financing (debt repayments, buybacks, and other financing activities) that weighed on quarterly liquidity.
Large quarterly debt repayments in 2025 Q4 (-$3.149B) and overall net cash outflow from financing activities suggest meaningful near-term cash management pressure, which could weigh on liquidity if operating cash flow does not keep pace.

06/02/26 03:04 AM 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 financial year ends in January. Their financial 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%.

Related Companies

Financial statements for NASDAQ:DLTR last updated on 6/1/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Dollar Tree (DLTR) Financials

Financials Breakdown Chart

Key Financial Trends

Dollar Tree Financials - Frequently Asked Questions

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Dollar Tree (DLTR) Financials

Annual Income Statements for Dollar Tree

Quarterly Income Statements for Dollar Tree

Annual Cash Flow Statements for Dollar Tree

Quarterly Cash Flow Statements for Dollar Tree

Annual Balance Sheets for Dollar Tree

Quarterly Balance Sheets for Dollar Tree

Annual Metrics And Ratios for Dollar Tree

Quarterly Metrics And Ratios for Dollar Tree

Financials Breakdown Chart

Key Financial Trends

Dollar Tree Financials - Frequently Asked Questions

When does Dollar Tree's fiscal 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?

How much cash does Dollar Tree have?

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

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