Dollar Tree (DLTR) financial statements
Dollar Tree reported revenue of $19.4B in fiscal 2026, down 0.7% a year over 9 years.
Net income was $1.3B and the operating margin 8.5%, against 8.2% in 2017.
Free cash flow was $1.1B, and the company returned $1.5B in net buybacks.
The diluted share count fell 13% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Dollar Tree's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.7B | $22.2B | $22.8B | $23.6B | $25.5B | $26.3B | $15.4B | $16.8B | $17.6B | $19.4B |
| Cost of revenue | $14.3B | $15.2B | $15.9B | $16.6B | $17.7B | $18.6B | $9.6B | $10.8B | $11.3B | $12.3B |
| Gross profit | $6.4B | $7.0B | $6.9B | $7.0B | $7.8B | $7.7B | $5.8B | $6.0B | $6.3B | $7.1B |
| Selling, general and admin | $4.7B | $5.0B | $5.2B | $5.5B | $5.9B | $5.9B | $3.7B | $4.2B | $4.8B | $5.5B |
| Operating income | $1.7B | $2.0B | -$940M | $1.3B | $1.9B | $1.8B | $2.1B | $1.8B | $1.5B | $1.7B |
| Pre-tax income | $1.3B | $1.7B | -$1.3B | $1.1B | $1.7B | $1.6B | $2.0B | $1.7B | $1.4B | $1.6B |
| Income tax | $433M | -$10M | $282M | $272M | $398M | $304M | $472M | $396M | $341M | $404M |
| Net income | $896M | $1.7B | -$1.6B | $827M | $1.3B | $1.3B | $1.6B | -$998M | -$3.0B | $1.3B |
| EPS (diluted) | $3.78 | $7.21 | -$6.69 | $3.47 | $5.65 | $5.80 | $7.21 | -$4.54 | -$14.03 | $6.22 |
| Diluted shares | 237M | 238M | 238M | 238M | 237M | 229M | 224M | 220M | 216M | 206M |
| Gross margin | 30.9% | 31.6% | 30.4% | 29.8% | 30.5% | 29.4% | 37.5% | 35.8% | 35.8% | 36.4% |
| Operating margin | 8.2% | 9.0% | -4.1% | 5.3% | 7.4% | 6.9% | 13.6% | 10.6% | 8.3% | 8.5% |
| Net margin | 4.3% | 7.7% | -7.0% | 3.5% | 5.3% | 5.0% | 10.5% | -6.0% | -17.2% | 6.6% |
Balance sheet
Fiscal years, from Dollar Tree's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $870M | $1.1B | $422M | $539M | $1.4B | $985M | $643M | $425M | $1.3B | $718M |
| Receivables | — | — | $101M | $113M | — | — | — | — | — | — |
| Total current assets | $3.9B | $4.6B | $4.3B | $4.3B | $5.1B | $5.6B | $6.4B | $6.1B | $9.1B | $3.4B |
| Property, plant and equipment | $3.1B | $3.2B | $3.4B | $3.9B | $4.1B | $4.5B | $5.0B | $3.8B | $4.5B | $5.0B |
| Goodwill | $5.0B | $5.0B | $2.3B | $2.0B | $2.0B | $2.0B | $2.0B | $423M | $421M | $423M |
| Total assets | $15.7B | $16.3B | $13.5B | $19.6B | $20.7B | $21.7B | $23.0B | $22.0B | $18.6B | $13.5B |
| Total current liabilities | $2.1B | $2.9B | $2.1B | $3.5B | $3.7B | $4.2B | $4.2B | $4.7B | $8.6B | $3.2B |
| Long-term debt | $6.2B | $4.8B | $4.3B | $3.5B | $3.2B | $3.4B | $3.4B | $3.4B | $2.4B | $2.4B |
| Total liabilities | $10.3B | $9.2B | $7.9B | $13.3B | $13.4B | $14.0B | $14.3B | $14.7B | $14.7B | $9.7B |
| Shareholders' equity | $5.4B | $7.2B | $5.6B | $6.3B | $7.3B | $7.7B | $8.8B | $7.3B | $4.0B | $3.8B |
| Net debt | $5.5B | $4.6B | $3.8B | $3.2B | $1.8B | $2.4B | $2.8B | $3.0B | $2.2B | $1.7B |
Cash flow
Fiscal years, from Dollar Tree's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.7B | $1.5B | $1.8B | $1.9B | $2.7B | $1.4B | $1.6B | $2.7B | $2.2B | $2.2B |
| Capital spending | $565M | $632M | $817M | $1.0B | $899M | $1.0B | $639M | $1.2B | $1.3B | $1.1B |
| Free cash flow | $1.1B | $878M | $949M | $835M | $1.8B | $410M | $976M | $1.5B | $893M | $1.1B |
| Stock-based compensation | $62M | $66M | $63M | $61M | $84M | $80M | $92M | $76M | $107M | $59M |
| Share buybacks (net) | — | $0 | $0 | -$200M | -$400M | -$950M | -$648M | -$500M | -$400M | -$1.5B |
| Net borrowing | $3.0B | $0 | $4.8B | — | — | — | — | — | — | — |
| Free cash flow margin | 5.4% | 3.9% | 4.2% | 3.5% | 7.1% | 1.6% | 6.3% | 8.9% | 5.1% | 5.4% |
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Open DLTR in InvestinglyQuestions
What was Dollar Tree's revenue in 2026?
$19.4B in fiscal 2026, from its 10-K filing.
How much free cash flow does Dollar Tree generate?
$1.1B in fiscal 2026 (operating cash flow minus capital spending).
From Dollar Tree's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.