Tractor Supply stock split: what it means for traders
Tractor Supply has adjusted its share structure several times since going public, most recently through a 5-for-1 split in 2024. This latest change forms part of a broader pattern of activity that reflects how the company manages share accessibility, pricing and market participation over time.
Tractor Supply (TSCO), a major US rural-lifestyle retailer, has carried out several stock splits since becoming a public company. Its most recent move – a 5-for-1 forward split completed in December 2024 – increased the number of shares in circulation and lowered the per-share price on an adjusted basis.
As of early December 2025, TSCO continues to trade on a split-adjusted basis. Traders follow the stock closely as they assess the company’s financial performance, liquidity and long-term expansion plans.
This article summarises the latest available price information, explains how stock splits work and reviews the company’s recent earnings and operational outlook.
Tractor Supply (TSCO) live share price
Past performance is not a reliable indicator of future results.
What is a stock split?
A stock split is a corporate action that increases the number of a company’s shares while reducing the price per share in the same proportion. Although shareholders receive more shares, the total value of their holding stays the same.
Forward splits, such as 2-for-1 or 5-for-1, lower the cost per share, which can make the stock feel more accessible to employees and retail investors. Splits may also support liquidity or align share structure with employee equity plans.
It’s important to note that splits don’t change the company’s valuation, fundamentals or strategy.
Tractor Supply’s 5-for-1 stock split (2024)
Tractor Supply’s most recent split – a 5-for-1 forward split – became effective on 20 December 2024. Shareholders of record on 16 December 2024 received four additional shares for each share held. Trading on a split-adjusted basis began on 20 December.
Some data providers list the date as 19 December due to differences between payable dates and ex-dates, but all major platforms now show the price history on a split-adjusted basis.
This was the company’s fifth split since its IPO in the 1990s and reflects its long-standing approach to managing share structure as the business evolves.
Why did Tractor Supply conduct a share split?
When announcing the split, the board stated it aimed to make Tractor Supply’s shares more accessible and affordable for team members and retail investors.
Historically, splits have supported employee stock purchase programmes and helped maintain liquidity – aligning with broader market practice. These actions typically improve affordability and trading efficiency rather than influence future performance.
Will Tractor Supply split again in 2026?
As of 8 December 2025, Tractor Supply has not announced any future splits or signalled plans for a 2026 action.
Any further split would require a new board decision and formal announcement. Without that confirmation, expectations remain speculative.
Tractor Supply stock split history
Tractor Supply has completed several forward splits:
| Date | Split ratio | Description |
|---|---|---|
| 20 December 2024 | 5-for-1 | Fifth split since IPO. Increased share count and reduced per-share price to support accessibility and liquidity. |
| 27 September 2013 | 2-for-1 | Forward split reflecting the company’s approach to maintaining an accessible share price. |
| 03 September 2010 | 2-for-1 | Continued alignment of share structure with market participation and employee programmes. |
| 22 August 2003 | 2-for-1 | Earlier adjustment designed to support liquidity and broaden retail investor access. |
| 20 August 2002 | 2-for-1 | First in the current sequence of forward splits, forming the baseline for cumulative split-adjusted calculations. |
The cumulative impact equals around 80 shares today for one share held before the 2002 split. Company filings confirm the 2024 event was the fifth since Tractor Supply went public in 1994.
Latest earnings: Tractor Supply Q3 2025
Tractor Supply’s most recent full quarter as of December 2025 is Q3 2025. The company reported:
- Net sales: around $3.72bn, up roughly 7.2% year-over-year
- Diluted earnings per share: about $0.49, showing high-single-digit growth from Q3 2024
- Comparable store sales: mid-single-digit growth, supported by higher traffic and average ticket size
Management highlighted steady demand across core markets and continued investment in supply chain capacity, distribution and the in-store experience.
Past performance is not a reliable indicator of future results.
Outlook and upcoming developments
Tractor Supply continues to work towards the objectives in its Life Out Here 2030 strategy, which focuses on store expansion, operational efficiency and sustained investment in customer experience.
Strategic growth targets
The plan includes annual targets of:
- 6–8% net sales growth
- 3–5% comparable store sales growth
- Operating margin: around 10–10.5%
- Diluted EPS growth: 8–11%
These guide long-term capital allocation, although outcomes depend on market conditions.
Store expansion
Tractor Supply plans to open about roughly 100 new store in 2026. Expansion focuses on rural and suburban areas aligned with its customer base.
Operations and cost management
The company continues to invest in supply-chain improvements, freight and tariff management and last-mile delivery. New distribution centres and logistics upgrades support margin resilience and operational efficiency.
Capital allocation
Alongside funding growth initiatives, Tractor Supply continues returning capital to shareholders through dividends and share repurchases. In 2025, several hundred million dollars were returned while still supporting expansion and operational projects.
Summary
- TSCO completed a 5-for-1 stock split in December 2024, increasing share count and lowering the per-share price.
- As of December 2025, TSCO’s split-adjusted price has mainly traded in the low-to-mid $50s.
- The company has not announced any further splits for 2026.
- Q3 2025 results show sales and earnings growth, supported by steady demand and ongoing investment.
- Tractor Supply’s long-term strategy centres on store growth, logistics upgrades and disciplined capital allocation.
Past performance is not a reliable indicator of future results.
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FAQ
When did Tractor Supply stock split?
Tractor Supply’s most recent stock split took place in December 2024, when the company carried out a 5-for-1 forward split of its common stock. Earlier splits occurred in 2013, 2010, 2003 and 2002, each on a 2-for-1 basis. Together, these actions reflect the company’s long-term approach to managing share accessibility and liquidity.
When did the Tractor Supply stock split take effect?
The 5-for-1 split became effective at the market open on 20 December 2024, when TSCO began trading on a split-adjusted basis. Shareholders of record on 16 December 2024 received their additional shares after market close on 19 December, ahead of the adjustment being applied to public trading.
Did Tractor Supply have a stock split before?
Yes. Ahead of the 2024 action, Tractor Supply completed four forward splits at a 2-for-1 ratio. These took place on 27 September 2013, 3 September 2010, 22 August 2003 and 20 August 2002. The sequence highlights the company’s consistent use of share adjustments to support affordability and broaden investor access.
How many times has Tractor Supply stock split?
Tractor Supply has completed five stock splits in total, including the 2024 5-for-1 split. Data providers estimate that the cumulative effect is equivalent to 80 current shares for one pre-2002 share, illustrating how the share structure has evolved over time.
How much was Tractor Supply stock after the split?
Before the December 2024 split, TSCO traded near $300 per share. Following the 5-for-1 adjustment, this translated to an equivalent level of around $60. Prices have since moved in line with normal market conditions, with late-2025 data showing TSCO generally trading in the low-to-mid $50 range on a split-adjusted basis.
Past performance is not a reliable indicator of future results.
Why did Tractor Supply split its stock?
Tractor Supply noted that the 5-for-1 split aimed to make its shares more accessible and affordable for team members and retail investors. The decision aligned with the company’s long-standing practice of supporting employee ownership initiatives and maintaining liquidity, and sat within its broader Life Out Here 2030 strategic framework.
Will Tractor Supply split again?
As at 8 December 2025, Tractor Supply has not announced any further stock splits. Any future action would require board approval and a public disclosure. In the absence of such confirmation, no assumption about a potential split can be made.
What was the most recent Tractor Supply stock split date?
The most recent split took effect on 20 December 2024, when the 5-for-1 adjustment was applied to the company’s common stock. From that date, all official filings and historical price data are presented on a split-adjusted basis.
Can you trade Tractor Supply CFDs on Capital.com?
You can trade TSCO share CFDs on Capital.com, enabling you to speculate on price movements without owning the underlying shares. CFD trading lets you go long or short depending on your outlook. Contracts for difference (CFDs) are traded on margin – leverage amplifies both profits and losses. Understand how CFDs work and how to use risk-management tools such as take-profit and stop-loss orders before opening a position. Past performance isn’t a reliable indicator of future results.*
*Standard stop-loss orders are not guaranteed. Guaranteed stop-loss orders incur a fee if activated.