Filing Flows › AutoZone (AZO) › Q1 FY26
AutoZone (AZO) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Dec 19, 2025
AutoZone (AZO) reported revenue of $4.6B for the first quarter fiscal 2026 (Q1 FY26), +8% from a year earlier and -26% from the quarter before. Operating margin was 16.9%, net earnings $531M (11.5% of revenue).
AutoZone, Q1 FY26: revenue $4.6B (+8% year over year), operating margin 16.9%, net earnings $531M, operating cash flow $944M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.6B | -26% | +8% |
| Gross profit | $2.4B | -27% | +4% |
| Operating profit | $784M | -34% | -7% |
| Net earnings | $531M | -37% | -6% |
| Operating cash flow | $944M | — | +16% |
| Free cash flow | $630M | — | +12% |
What changed
Revenue was $4.6B in Q1 FY26, up 8% year over year and down 26% from the previous quarter.
Gross margin was 51.0%, down 2.0 points from a year earlier. Operating profit was $0.78B, a 16.9% margin (down 2.7 points year over year). Operating profit fell $0.06B even though revenue rose $0.35B versus a year earlier, so costs grew faster than sales. Operating expenses grew 10% against revenue growth of 8%. Net earnings were $0.53B, down 6% year over year. The effective tax rate was 21.7%.
Operating cash flow was $0.94B (up 16% year over year), 178% of net earnings. Non-cash charges added back $0.15B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $0.23B. Capital expenditures of $0.31B left free cash flow of $0.63B.
Questions
What was AutoZone's revenue in the first quarter fiscal 2026?
AutoZone (AZO) reported revenue of $4.6B for the first quarter fiscal 2026 (Q1 FY26), +8% from a year earlier and -26% from the quarter before.
Was AutoZone profitable in the first quarter fiscal 2026?
Operating profit was $784M (16.9% of revenue) and net earnings $531M.
Source: AutoZone 10-Q on SEC EDGAR.