Filing Flows › O'Reilly Automotive (ORLY) › Q1 2026
O'Reilly Automotive (ORLY) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
O'Reilly Automotive (ORLY) reported revenue of $4.6B for the first quarter 2026 (Q1 2026), +10% from a year earlier and +3% from the quarter before. Operating margin was 18.5%, net earnings $604M (13.2% of revenue).
O'Reilly Automotive, Q1 2026: revenue $4.6B (+10% year over year), operating margin 18.5%, net earnings $604M, operating cash flow $1.0B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.6B | +3% | +10% |
| Gross profit | $2.3B | +3% | +11% |
| Operating profit | $842M | +2% | +14% |
| Net earnings | $604M | -0.2% | +12% |
| Operating cash flow | $1.0B | +63% | +37% |
| Free cash flow | $785M | — | +72% |
What changed
Revenue was $4.6B in Q1 2026, up 10% year over year and up 3% from the previous quarter.
Gross margin was 51.5%, up 0.2 points from Q1 2025. Operating profit was $0.84B, a 18.5% margin (up 0.5 points year over year). Of the extra revenue versus Q1 2025, 24% reached operating profit, above the 18% margin then. Operating expenses grew 9% against revenue growth of 10%. Net earnings were $0.60B, up 12% year over year. The effective tax rate was 22.5%.
Operating cash flow was $1.0B (up 37% year over year), 171% of net earnings. Non-cash charges added back $0.14B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.28B. After other items ($0.24B) and excess tax benefit from share-based compensation payments ($3.4M), free cash flow as the company reports it was $0.79B.
Questions
What was O'Reilly Automotive's revenue in the first quarter 2026?
O'Reilly Automotive (ORLY) reported revenue of $4.6B for the first quarter 2026 (Q1 2026), +10% from a year earlier and +3% from the quarter before.
Was O'Reilly Automotive profitable in the first quarter 2026?
Operating profit was $842M (18.5% of revenue) and net earnings $604M.