Filing Flows › AutoZone (AZO) › Q3 FY25
AutoZone (AZO) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Jun 13, 2025
AutoZone (AZO) reported revenue of $4.5B for the third quarter fiscal 2025 (Q3 FY25), +5% from a year earlier and +13% from the quarter before. Operating margin was 19.4%, net earnings $608M (13.6% of revenue).
AutoZone, Q3 FY25: revenue $4.5B (+5% year over year), operating margin 19.4%, net earnings $608M, operating cash flow $769M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.5B | +13% | +5% |
| Gross profit | $2.4B | +11% | +4% |
| Operating profit | $866M | +23% | -4% |
| Net earnings | $608M | +25% | -7% |
| Operating cash flow | $769M | — | +15% |
| Free cash flow | $423M | — | -3% |
What changed
Revenue was $4.5B in Q3 FY25, up 5% year over year and up 13% from the previous quarter. Auto Parts Stores was the largest line at 98% of revenue. Auto Parts Stores added $0.22B year over year (up 5%), 97% of the total change.
Gross margin was 52.7%, down 0.8 points from a year earlier. Operating profit was $0.87B, a 19.4% margin (down 1.9 points year over year). Operating profit fell $0.03B even though revenue rose $0.23B versus a year earlier, so costs grew faster than sales. Operating expenses grew 9% against revenue growth of 5%. Net earnings were $0.61B, down 7% year over year. The effective tax rate was 19.4%.
Operating cash flow was $0.77B (up 15% year over year), 126% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.03B of share-based compensation. Capital expenditures of $0.35B left free cash flow of $0.42B.
Questions
What was AutoZone's revenue in the third quarter fiscal 2025?
AutoZone (AZO) reported revenue of $4.5B for the third quarter fiscal 2025 (Q3 FY25), +5% from a year earlier and +13% from the quarter before.
Was AutoZone profitable in the third quarter fiscal 2025?
Operating profit was $866M (19.4% of revenue) and net earnings $608M.
Source: AutoZone 10-Q on SEC EDGAR.