Company file · DLTR

Dollar Tree

Dollar Tree's revenue rose 10.4% in FY2025, to $19.4B, and net income turned positive at $1.3B, from a net loss of $3.0B in FY2024

Revenue rose 10.4% to $19.4B in FY2025, from $17.6B in FY2024. Net income was $1.3B, against a net loss of $3.0B a year earlier. Consumable was the largest product or service, at 49% of revenue.

Prepared from SEC filings · Latest annual report: 10-K for FY2025 (filed Mar 16, 2026) · Latest quarter: 10-Q for the quarter ended Aug 1, 2026 (filed Aug 27, 2026) · Data pulled Nov 11, 2026

Key facts

In fiscal 2025, which ended Jan 31, 2026, Dollar Tree (Nasdaq: DLTR) took in $19.4B of revenue (up 10.4% on fiscal 2024); net income was $1.3B (compared with −$3.0B). The most recent quarter, ended Aug 1, 2026, brought revenue of $4.9B, up 7.0% year over year, with net income of $514M. Consumable was the biggest single line by product or service: 49% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Mar 16, 2026) and 10-Q for the quarter ended Aug 1, 2026 (filed Aug 27, 2026).

Revenue$19.4BFY2025 · +10.4% vs FY2024

Net income$1.3BFY2025 · vs −$3.0B in FY2024

Cash & equivalents$1.1Bat Aug 1, 2026 · +47.4% vs FY2025 end

Total debt$2.9Bat Aug 1, 2026 · +20.6% vs FY2025 end

Diluted shares206MFY2025 avg · −4.4% vs FY2024

Revenue and net income, three fiscal yearsBy fiscal year, $bn

RevenueNet income

Source: 10-K FY2025, filed Mar 16, 2026

Quarterly revenue: fiscal 2026 vs a year earlierFiscal Q1–Q2, $bn (each quarter from that quarter's 10-Q)

FY2025FY2026

Source: 10-Q filed May 28, 2026 · 10-Q filed Aug 27, 2026

How it makes money

By product or service, FY2025

LineAmountSharevs FY2024
Consumable$9.4B49%+9.9%
Variety$8.9B46%+11.5%
Seasonal$1.1B6%+6.0%

Source: 10-K FY2025, XBRL breakdown

By product or service in FY2025: Consumable (49%), Variety (46%) and Seasonal (6%), as shares of total revenue. Total revenue was $19.4B.

By product or service: three-year mixShare of the total each fiscal year

FY2023

47%46%

FY2024

49%45%

FY2025

49%46%

ConsumableVarietySeasonal

Source: 10-K FY2025

Learn more: Revenue vs. net income · Gross, operating and net margin

What changed last quarter

How the quarter compared with a year earlier

Comparing Q2 FY2026 (May to Jul 2026) compared with Q2 FY2025 (May to Jul 2025)

Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.

Q2 FY2026Q2 FY2025

Company

Revenue

$4.9B Q2 FY2026

$4.6B Q2 FY2025

7.0% increase

Net income

$514M Q2 FY2026

$188M Q2 FY2025

173.1% increase

Source: Dollar Tree 10-Q for the quarter ended Aug 1, 2026, filed Aug 27, 2026

Cash & equivalents $1.1B at Aug 1, 2026, vs $718M at FY2025 end.
Total debt $2.9B at Aug 1, 2026, vs $2.4B at FY2025 end.

The bull case and the bear case

The bull case

Revenue rose 10.4% in FY2025 to $19.4B, from $17.6B a year earlier. 10-K, FY2025
Net income was $1.3B in FY2025, against a net loss of $3.0B in FY2024. 10-K, FY2025
Diluted shares fell 4.4% in FY2025, so each share represents a larger slice of profit. 10-K, FY2025
Total debt fell 29.1% in FY2025 to $2.4B. 10-K, FY2025

The bear case

The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include costs; consumer habits; retail customers. 10-K, Item 1A

What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.

What the company does

Dollar Tree is in the consumer staples merchandise retail industry, part of the consumer staples sector. The SEC files it under Retail-Variety Stores.

The full description of Dollar Tree's business is in Item 1 of its 10-K, linked below. This page shows its revenue by product or service.

Its fiscal year ends in January; the latest, FY2025, ended Jan 31, 2026.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the consumer staples merchandise retail industry. They are not a summary of Dollar Tree’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

CostsCommodity, packaging and freight costs can rise faster than prices.
Consumer habitsShoppers can trade down to store brands or change what they buy.
Retail customersA few large retailers account for much of its sales.
Regulation and safetyFood and product safety rules and recalls can bring cost and reputational harm.
CompetitionRivals and private-label products compete for shelf space and prices.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

US$	FY2023	FY2024	FY2025
Revenue	$16.8B	$17.6B	$19.4B
Net income	−$998M	−$3.0B	$1.3B
Cash & equivalents (year end)	$425M	$1.3B	$718M
Total debt (year end)	$3.4B	$3.4B	$2.4B
Diluted shares	220M	216M	206M

Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
Total debt: Long-term debt including the part due within one year, at carrying value.
Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator

Explainers for this page

Plain-English guides to terms this file uses, with real numbers from filings.

About these numbers

Dollar Tree names its fiscal year by the calendar year in which it starts, so FY2025 is the year that ended Jan 31, 2026.

What we left out

Operating cash flow: the company's filing data doesn't carry it for all the years shown, so it isn't shown.

Recent filings

Form	Filed	Period
10-Q	Aug 27, 2026	Aug 1, 2026
10-Q	May 28, 2026	May 2, 2026
DEF 14A	May 1, 2026	Jun 16, 2026
10-K	Mar 16, 2026	Jan 31, 2026

Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

Common questions about Dollar Tree

How does Dollar Tree make money?

In fiscal 2025, revenue totaled $19.4B. By product or service in FY2025: Consumable (49%), Variety (46%) and Seasonal (6%), as shares of total revenue. Total revenue was $19.4B. Source: 10-K for fiscal 2025, filed Mar 16, 2026.

What was Dollar Tree's revenue in fiscal 2025?

Revenue came to $19.4B in the year ended Jan 31, 2026. Going back two years, it was $16.8B in fiscal 2023 and $17.6B in fiscal 2024, so the latest year was up 10.4%. Source: 10-K for fiscal 2025, filed Mar 16, 2026.

Is Dollar Tree profitable?

Yes, by US accounting rules (GAAP): net income was $1.3B in fiscal 2025, compared with −$3.0B from −$3.0B a year earlier. For the quarter ended Aug 1, 2026, net income was $514M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Mar 16, 2026.

What did Dollar Tree report in its latest quarterly filing?

The 10-Q for the quarter ended Aug 1, 2026 shows revenue of $4.9B, against $4.6B in the same quarter a year before (up 7.0%), and net income of $514M, against $188M (up 173.1%). Source: 10-Q for the quarter ended Aug 1, 2026, filed Aug 27, 2026.

How much cash and debt does Dollar Tree have?

On Aug 1, 2026, cash and cash equivalents stood at $1.1B and total debt at $2.9B. Total debt here is long-term debt including the part due within one year, at carrying value. Source: 10-Q filed Aug 27, 2026.

What are the main risks Dollar Tree faces?

Dollar Tree's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Mar 16, 2026. Risks that are common among companies in the consumer staples merchandise retail industry include Costs; consumer habits; retail customers; regulation and safety; competition. The first: Commodity, packaging and freight costs can rise faster than prices. Source: 10-K, Item 1A Risk Factors.

Where do these Dollar Tree numbers come from?

Two filings Dollar Tree made with the SEC: its fiscal 2025 10-K, filed Mar 16, 2026, and its 10-Q for the quarter ended Aug 1, 2026, filed Aug 27, 2026. The figures are taken from the XBRL data the SEC publishes, and every one links back to its source. Methodology explains how fiscal years and missing numbers are handled.

Tracked funds that report owning Dollar Tree

Citadel Advisors: 2,512,682 shares, reported value $303.9M at Jun 30, 2026 (+245.8% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
Millennium Management: 681,366 shares, reported value $82.4M at Jun 30, 2026 (+64.5% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Bridgewater Associates: 315,855 shares, reported value $38.2M at Jun 30, 2026 (+1,225.1% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Renaissance Technologies: 170,403 shares, reported value $20.6M at Jun 30, 2026 (+1,181.2% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 13, 2026.
Two Sigma Investments: 15,538 shares, reported value $1.9M at Jun 30, 2026 (−44.0% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.

From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.

Disclosures

Editor holdings in DLTR: The editor holds no position in Dollar Tree (DLTR). As of Nov 11, 2026.
Trading rule: The editor does not buy or sell DLTR from 3 days before to 3 days after this page is published or substantively updated.
Compensation: Nobody paid for this page. No affiliate links on this page.
Sources: The company's SEC filings, linked next to each number or, for charts, in the source line under them.
Last updated: Nov 10, 2026

General education, the same for every reader. Not a recommendation to buy, sell or hold DLTR, and it doesn't consider your situation.

Compare with peers

Company	Fiscal year	Revenue	Revenue growth	Net income
Dollar TreeDLTR	FY2025	$19.4B	+10.4%	$1.3B
WalmartWMT	FY2026	$713.2B	+4.7%	$21.9B
CostcoCOST	FY2026	$303.2B	+10.1%	$9.2B
TargetTGT	FY2025	$104.8B	−1.7%	$3.7B
Dollar GeneralDG	FY2025	$42.7B	+5.2%	$1.5B

Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.

More company files

New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.