Skip to content
AnalystLens

AUTOZONE INCAZO

Sector
Consumer
Industry
Retail-Auto & Home Supply Stores
Exchange
NYSE

Stock Price $AZO

Latest filings

You are here#22 of 30 in Consumer Discretionary by market cap

Filing record · 2016–202610-K1010-Q328-K127

AZO filed 10 annual reports (10-K), 32 quarterly reports (10-Q) and 127 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Apr ’17Apr ’17
  2. Leadership change8-K · Oct ’19Oct ’19
  3. Leadership change8-K · Oct ’21Oct ’21
  4. FY2025 annual report10-K · Oct ’25Oct ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  18. $18.94B
YoY changeLargest recent move+15.8%in FY21Latest +2.4%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

View full history →
All AZO Financial Metrics56 metrics

Income Statement14

Balance Sheet25

Cash Flow13

Per Share4

02—Overview

AUTOZONE INC Financial Overview 2021–2025

Updated Jul 10, 2026

AutoZone consistently achieves staggering capital efficiency, peaking at a 55.4% after-tax return on invested capital in FY2023. This profitability underlines a clear investment thesis: the company is a compounding machine that leverages resilient demand for automotive parts to fund massive share repurchases and physical expansion. The steady aging of the domestic vehicle fleet ensures a durable tailwind for its maintenance and failure-related merchandise.

Top-line performance reflects this structural advantage, with net sales growing from $14.63 billion in FY2021 to $18.94 billiona in FY2025. Management successfully expanded the lucrative business-to-business commercial segment, which surged by 26.5% in FY2022. Despite recent non-cash LIFO charges and inflationary supply chain pressures, the company delivered a formidable 53.1% gross margin in FY2024. AutoZone aggressively reinvests its operating cash flow, directing $1.33 billion toward capital expenditures in FY2025 to build out its mega-hub distribution network and open new store locations.

Excess capital is systematically returned to equity holders. The company retired billions of dollars in stock over the last five years, lifting per-share metrics despite a slight dip in net income to $2.50 billionb in FY2025. The market continues to reward this disciplined capital allocation strategy. At the close of FY2025, the stock traded at $4,198.53, pricing the retailer at 29.0x earnings based on an EPS of $144.87.

Recent Developments (Q2 and Q3 2026)

AutoZone sustained robust top-line momentum in Q3 2026, posting an 8.4% year-over-year increase in net sales to $4.8 billionc, while diluted EPS climbed 7.7% to $38.07. This improved upon Q2 2026, when net sales grew 8.1% to $4.3 billion but operating profit slipped 1.2% due to inventory accounting impacts. Reinforcing its capital return strategy, management authorized an additional $1.5 billion for share repurchases in June 2026.

Bulls will applaud consistent consumer demand, highlighted by a 3.9%d increase in same-store sales during Q3 2026. Conversely, bears can point to ongoing LIFO-related cost pressures, which recently compressed the gross margin to 52.2%. Following continued earnings growth, the stock appears cheaply valued, trading at 21.5x earnings as of June 12, 2026.

What to watch: deployment of the $1.5 billione share repurchase authorization; lingering LIFO impacts on future gross margin performance.

03—Filings

Recent SEC Filings

  1. 8-KAUTOZONE INC 8-K Report, Executive Changes (Oct 9, 2026)AutoZone, Inc. (AZO) filed an 8-K on October 9, 2026, to report a key change within its Board of Directors. Claire R. McDonough has communicated her decision not to seek reelection at the upcoming 2026 Annual Meeting of Stockholders. This decision stems from Ms. McDonough accepting a new executive role at another company, which presents calendar conflicts with AutoZone's board meeting schedule. The company has expressed gratitude for her contributions and noted that her departure is not due to any disagreements regarding AutoZone's operations, policies, or practices.
  2. 8-KAUTOZONE INC 8-K Report, Financial Results (Sep 22, 2026)AutoZone (AZO) reported fourth-quarter fiscal 2026 results (16 weeks ended August 29, 2026) with net sales of $6.6 billion, up 5.6% year over year, and diluted EPS of $56.05 versus $48.71 a year ago. Total company same store sales rose 1.5% on a constant currency basis (2.7% as reported), with domestic same store sales up 1.6%. Operating profit rose 10.1% to $1.3 billion. Much of the margin improvement was non-recurring or non-operational: gross margin expanded 182 basis points to 53.3%, helped by a 145 basis point benefit from tariff refunds and a 105 basis point net non-cash LIFO impact. Operating expenses deleveraged to 33.4% of sales from 32.4%, driven mainly by growth initiatives. For the full fiscal year, net sales reached $20.3 billion (up 7.4%), operating profit rose 3.1% to $3.7 billion, and diluted EPS increased 5.3% to $152.55. Full-year gross margin declined to 52.3% from 52.6%, as a 61 basis point non-cash LIFO headwind outweighed a 48 basis point tariff refund benefit. Domestic same store sales grew 3.3% for the year, while international same store sales grew 2.2% in constant currency. The company opened 374 net new stores, ending with 8,031 locations, and repurchased $2.0 billion of stock during the year, leaving $1.6 billion under its authorization. Management noted a difficult selling environment in the first eight weeks of the quarter, with sales strengthening over the final eight weeks, and said it expects sales growth to accelerate in each of its three countries in fiscal 2027. Investors should weigh the quarter's EPS strength against the fact that tariff refunds and LIFO effects flattered gross margin, which may not recur. Inventory grew 10.1% year over year, and total debt rose to $9.1 billion, though adjusted debt to EBITDAR was stable at 2.5x.
  3. 8-KAUTOZONE INC 8-K Report, Material Agreement (Jul 14, 2026)AutoZone, Inc. (AZO) filed an 8-K on July 14, 2026, primarily detailing the issuance of new debt instruments. The filing includes an Officers' Certificate for the Notes, setting forth the terms of these notes, specifically a 4.950% Note due 2031. This indicates the company is raising capital through a new series of senior notes, likely to fund ongoing operations, strategic initiatives, or refinance existing debt. Investors should note the coupon rate and maturity date as key financial characteristics of this new issuance.
  4. 8-KAUTOZONE INC 8-K Report, Material Agreement (Jul 9, 2026)AutoZone, Inc. (AZO) has filed an 8-K report detailing a significant financing event. On July 7, 2026, the company entered into an underwriting agreement to issue and sell $850 million in aggregate principal amount of 4.950% Notes due 2031. This issuance, facilitated by a syndicate of underwriters including BofA Securities, J.P. Morgan Securities, Truist Securities, and U.S. Bancorp Investments, is a key move to bolster its capital structure. Investors should note that the underwriting agreement includes standard provisions such as representations, warranties, conditions to closing, indemnification, and termination clauses. The involvement of these major financial institutions, some of whom have existing relationships with AutoZone as lenders and financial advisors, underscores the scale of this debt offering. The proceeds from this note issuance will likely be used to fund ongoing operations, strategic initiatives, or debt management, though specific use of proceeds is not detailed in this filing. Investors should monitor future filings for further clarity on the deployment of these funds.
  5. 8-KAUTOZONE INC 8-K Report, Corporate Update (Jun 16, 2026)AutoZone, Inc. (NYSE: AZO) disclosed in an 8-K filed June 16, 2026 that its Board of Directors has authorized an additional $1.5 billion in share repurchases under its ongoing buyback program. The announcement was made via press release (Exhibit 99.1) and is filed under Item 8.01 (Other Events), so it is a routine capital allocation update rather than a material operational or financial event. With this increase, cumulative Board repurchase authorizations since the program began in 1998 total $42.2 billion. CFO Jamere Jackson framed the move as a product of disciplined capital allocation, citing strong free cash flow generation, continued investment in growth, and the maintenance of investment grade credit ratings. The authorization signals management's confidence in the company's cash generation and its willingness to return capital to shareholders while preserving balance sheet flexibility. The filing also reports the store footprint as of May 26, 2026: 7,856 locations in total, comprising 6,766 in the U.S., 933 in Mexico, and 157 in Brazil. The filing does not disclose the pace of repurchases, the funding source, or the expiration of the authorization, so investors should consult the company's 10-K/10-Q filings for execution details and remaining capacity.
View all 8-K filings →
View all filings (10-K, 10-Q, 8-K, proxy & more) →

04—See also

Related Companies

Annual revenue over each company’s last eight fiscal years, each strip on its own scale from zero.