Income StatementBalance SheetCash FlowSegments
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Dollar Tree Cash Flow Statement

Operating, investing, and financing cash movements

Dollar Tree generated $2.5B in operating cash flow over the trailing twelve months. After $1.1B in capital expenditures, free cash flow was $1.4B. Free cash flow increased 1.0% year-over-year. Based on the Q2 2026 filing.

Net Cash From Operating (TTM)$2.5BNet Cash From Investing (TTM)-$1.1BNet Cash From Financing (TTM)-$2.2BCapital Expenditures (TTM)$1.1BDepreciation And Amortization Cf (TTM)$648.1MNet Change In Cash (TTM)-$135.4M
Latest FilingQ2 2026
Report Date2026-05-28
Market Cap$21.7B
P/E Ratio16.88
ROE34.71%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)-$23.1M-$3.1M-$11.5M-$55.1M-$23.2M-$12.4M
Stemcentrx Impairment Charge$13.0M$2.3M$2.3M$2.3M$2.3M—
Change in accounts payable—-$135.9M——-$146.8M$33.4M
Change in income taxes payable/receivable$91.5M$92.5M-$213.5M$0.0$249.9M$0.0
Change in inventories—$27.6M-$20.2M$229.2M-$367.2M-$24.1M
Change in other assets$29.0M-$700.0K$18.0M$24.1M$3.8M$2.5M
Change in other current assets$7.7M$18.6M$34.1M$25.4M—-$7.2M
Change in other liabilities$28.1M$2.6M$12.9M$11.2M$36.4M$5.9M
Other working capital changes-$23.1M-$3.1M-$11.5M-$55.1M-$23.2M-$12.4M
Deferred income taxes$0.0$14.1M$144.6M$83.9M—$110.4M
Impairment charges$50.9M$100.0K$0.0$600.0K$8.3M$400.0K
Other Non-Cash Income (Expense)-$23.1M-$3.1M-$11.5M-$55.1M-$23.2M-$12.4M
Other Non-cash Income (Expense)-$23.1M-$3.1M-$11.5M-$55.1M-$23.2M-$12.4M
Other Non-cash Income (Expense)-$23.1M-$3.1M-$11.5M-$55.1M-$23.2M-$12.4M
Change in other non-current liabilities$28.1M$2.6M$12.9M$11.2M$36.4M$5.9M
Net cash from operating activities$405.1M$378.5M$260.7M$319.3M$1.2B$644.0M
Net income-$3.7B$343.4M$188.4M$244.6M$506.1M$347.3M
Other non-cash income (expense)-$23.1M-$3.1M-$11.5M-$55.1M-$23.2M-$12.4M
Asset write-downs—$100.0K—$600.0K—$400.0K
Net cash provided by operating activities from discontinued operations$216.8M$104.5M$238.8M——$0.0
Depreciation and amortization—$151.1M$162.0M$164.5M—$177.0M
Gain On Insurance Proceeds Related To Fixed Assets$0.0$41.0M———$0.0
Increase (Decrease) in Income Taxes Receivable$0.0$0.0$18.0M$4.1M—-$5.5M
Increase (Decrease) In Operating Lease Right-Of-Use Asset and Liabilities, Net$5.7M$17.9M$17.9M$17.9M$17.9M—
Increase (Decrease) In Operating Lease Right-Of-Use Asset and Liabilities, Net—-$19.7M$52.8M$30.3M—$6.3M
Increase (Decrease) in Other Current Assets$7.7M$18.6M$34.1M$25.4M—-$7.2M
Current liabilities$9.9M-$13.0M$54.1M—$85.3M-$91.9M
Other long-term liabilities$28.1M$2.6M$12.9M$11.2M$36.4M$5.9M
Increase (Decrease) in Retail Related Inventories—$27.6M-$20.2M$229.2M-$367.2M-$24.1M
Other Noncash Income (Expense)-$23.1M-$3.1M-$11.5M-$55.1M-$23.2M-$12.4M
Other Non-cash Income and Expense-$23.1M-$3.1M-$11.5M-$55.1M-$23.2M-$12.4M
Other Non-Cash Adjustments-$23.1M-$3.1M-$11.5M-$55.1M-$23.2M-$12.4M
Other Non-Cash Income and Expense-$23.1M-$3.1M-$11.5M-$55.1M-$23.2M-$12.4M
Impairment of Goodwill and Other Intangibles$13.0M$2.3M$2.3M$2.3M$2.3M—
Stock-based compensation$38.1M$17.2M$14.4M$14.4M$12.9M$21.1M
Income from Continuing Operations$400.2M$313.5M$155.5M$244.6M$511.7M$347.3M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures incurred but not yet paid$26.4M$48.8M—$9.3M—$40.7M
ROU assets obtained - operating leases$414.5M$293.6M$486.5M$266.1M$254.8M$283.0M
Income taxes paid$46.9M$4.3M$139.8M——$1.0M
Interest paid$64.0M$400.0K$70.9M$6.9M$47.2M$2.9M
Capital expenditures incurred but not yet paid$26.4M$48.8M—$9.3M—$40.7M
Capital Expenditures Incurred but Not Yet Paid$26.4M$48.8M—$9.3M—$40.7M
ROU Asset Obtained for Lease Liability$414.5M$293.6M$486.5M$266.1M$254.8M$283.0M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$294.8M$248.8M$245.1M$376.4M$263.7M$252.5M
Net cash used for investing activities from discontinued operations-$48.4M-$45.4M-$34.4M——$0.0
Payments (Proceeds) For Productive Asset Disposition—$100.0K-$800.0K-$600.0K—$400.0K
Proceeds from insurance recoveries$5.0M$50.0M———$0.0
Proceeds from (payments for) fixed asset disposition$275.0K$325.0K$325.0K$325.0K$325.0K—
Net cash from investing activities$0.0-$198.9M—-$371.8M-$255.7M-$252.9M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net cash from discontinued operations$168.4M$59.1M$204.4M——$0.0
Cash from operating activities — discontinued operations$216.8M$104.5M$238.8M——$0.0
Effect of exchange rate changes on cash-$1.1M$700.0K——$300.0K-$200.0K
Net increase (decrease) in cash$738.5M-$200.0M-$553.9M-$120.0M—$290.0M
Net Cash Provided By Used In Discontinued Operations$168.4M$59.1M$204.4M——$0.0
Leased assets obtained in exchange for operating lease liabilities$414.5M$293.6M$486.5M$266.1M$254.8M$283.0M

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$0.0$0.0———$500.0M
Payments Of Debt Issuance Costs—$3.8M———$0.0
Proceeds from exercises of stock options and other stock issuances$2.1M$2.8M$2.1M$1.2M$2.1M$2.4M
Net cash from financing activities—-$439.4M-$1.2B-$67.5M-$853.4M-$100.9M
Payment of debt issuance costs—$3.8M———$0.0
Net Proceeds from (Repayments of) Other Long-Term Debt$0.0$250.0M$250.0M$250.0M$250.0M—
Proceeds from issuance of common stock$2.1M$2.8M$2.1M$1.2M$2.1M$2.4M
Repurchases of common stock—$427.7M$496.5M$387.8M$236.0M$585.8M
Taxes paid for net share settlement$500.0K$10.7M$1.4M$400.0K$800.0K$17.5M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$110.3M$129.7M$15.6M$0.0$968.5M$391.5M