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How AutoZone (AZO) makes money
AutoZone (AZO) made $6.6B of revenue in the fourth quarter fiscal 2026 (Q4 FY26), +6% from a year earlier. Of every dollar of revenue, 53¢ was left as gross profit, 20¢ was left as operating profit, 14¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q4 FY26 | % of revenue |
|---|---|---|
| Revenue | $6.6B | 100.0% |
| Cost of revenue | $3.1B | 46.7% |
| Gross profit | $3.5B | 53.3% |
| Operating expenses | $2.2B | 33.4% |
| Operating profit | $1.3B | 20.0% |
| Income tax | $237M | 3.6% |
| Net earnings | $932M | 14.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q4 FY26 | $6.6B | +6% |
| Q3 FY26 | $4.8B | +8% |
| Q2 FY26 | $4.3B | +8% |
| Q1 FY26 | $4.6B | +8% |
| Q4 FY25 | $6.2B | — |
| Q3 FY25 | $4.5B | +5% |
| Q2 FY25 | $4.0B | +2% |
From AutoZone's 10-K filed Oct 26, 2026 (on EDGAR).
Questions
How does AutoZone make money?
AutoZone (AZO) made $6.6B of revenue in the fourth quarter fiscal 2026 (Q4 FY26), +6% from a year earlier. Of every dollar of revenue, 53¢ was left as gross profit, 20¢ was left as operating profit, 14¢ was left as net earnings.
What is AutoZone's profit margin?
Net earnings were $932M, 14.1% of revenue, in the fourth quarter fiscal 2026; the operating margin was 20.0%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.