Dollar Tree (DLTR) 10-K Summary — Year Ended Jan 31, 2026
Dollar Tree operates discount retail stores across the United States. The company reported an increase in revenue for the most recent annual period compared to the prior year.
Key takeaway
Year ended Jan 31, 2026 · FY2025 10-K
Dollar Tree operates discount retail stores across the United States. The company reported an increase in revenue for the most recent annual period compared to the prior year.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$19.4B
Revenue reported for the fiscal year.
Operating income
$1.7B
Income from operations reported for the year.
Net income
$1.3B
Net income reported for the year.
Operating cash flow
n/a
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Aug 3, 2024 | $4.1B | -2.4% |
| Nov 2, 2024 | $4.3B | +6.7% |
| Feb 1, 2025 | $17.6B | +304.9% |
| Jan 31, 2026 | $19.4B | +10.4% |
Business overview
Dollar Tree is a discount retailer offering a variety of merchandise at fixed price points. The company operates through multiple store banners, including Dollar Tree and Family Dollar, serving value-conscious consumers. Its business involves opening new stores, expanding existing locations, and enhancing its distribution network.
Financial performance
Revenue for the most recent annual period increased compared to the prior year. Operating income and net income both showed improvement over the same period. Cash from operating activities remained relatively stable year over year.
Material risks
The company faces risks related to seasonal working capital needs, which typically peak in the autumn months. Changes in accounts payable and merchandise inventory levels can affect cash flow. The sale of a business segment also introduced tax-related impacts on cash flows.
Liquidity and capital
The company funds its store openings, expansions, distribution network improvements, and technology upgrades through internally generated cash and borrowings under credit facilities and a commercial paper program. Seasonal working capital needs are met through these same sources.
What to watch
Investors should monitor changes in merchandise inventory levels and accounts payable, as these have historically influenced operating cash flow.