AutoZone profit margin AZO
Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.
- Net margin, 12 months
- 12.4%
- Operating margin, 12 months
- 18.0%
- Net margin on a year earlier
- −1.2 pts
- Peer median
- 5.9%
Over the twelve months to May 9, 2026, AutoZone kept 12.4% of its revenue as net profit, with an operating margin of 18.0% and a gross margin of 51.8%.
Five years earlier its net margin was 14.9%.
The median for 10 specialty retail stocks of a similar size is 5.9%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 13.2% | 19.1% | 52.6% |
| FY2024 | 14.4% | 20.5% | 53.1% |
| FY2023 | 14.5% | 19.9% | 52.0% |
| FY2022 | 14.9% | 20.1% | 52.1% |
| FY2021 | 14.8% | 20.1% | 52.8% |
| FY2020 | 13.7% | 19.1% | 53.6% |
| FY2019 | 13.6% | 18.7% | 53.7% |
| FY2018 | 11.9% | 16.1% | 53.2% |
| FY2017 | 11.8% | 19.1% | 52.7% |
| FY2016 | 11.7% | 19.4% | 52.7% |
| FY2015 | 11.4% | 19.2% | 52.3% |
| FY2014 | 11.3% | 19.3% | 52.1% |
| FY2013 | 11.1% | 19.4% | 51.8% |
| FY2012 | 10.8% | 18.9% | 51.5% |
| FY2011 | 10.5% | 18.5% | 51.0% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q3 FY26 | 12.4% | −1.2 pts | 18.0% | |
| Q2 FY26 | 12.5% | −1.5 pts | 18.1% | |
| Q1 FY26 | 12.8% | −1.4 pts | 18.4% | |
| Q4 FY25 | 13.2% | −1.2 pts | 19.1% | |
| Q3 FY25 | 13.6% | −1.0 pts | 19.6% | |
| Q2 FY25 | 14.0% | −0.7 pts | 20.1% | |
| Q1 FY25 | 14.2% | −0.4 pts | 20.4% | |
| Q4 FY24 | 14.4% | −0.1 pts | 20.5% | |
| Q3 FY24 | 14.6% | +0.2 pts | 20.7% | |
| Q2 FY24 | 14.7% | +0.4 pts | 20.6% | |
| Q1 FY24 | 14.6% | +0.1 pts | 20.4% | |
| Q4 FY23 | 14.5% | −0.5 pts | 19.9% |
Against its peers
Companies in Specialty Retail nearest AutoZone's size, closest first, today.
| Company | Profit margin |
|---|---|
| AZOAutoZone | 12.4% |
| EBAYeBay | 18.5% |
| ORLYO'Reilly Automotive | 14.3% |
| MELIMercadoLibre | 5.3% |
| WSMWilliams-Sonoma | 14.7% |
| ULTAUlta Beauty | 9.3% |
| CASYCasey's General Stores | 4.1% |
| CPNGCoupang | −2.2% |
| BBYBest Buy | 3.0% |
| TSCOTractor Supply | 6.4% |
| DKSDick's Sporting Goods | 4.0% |
| Peer median | 5.9% |
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on AutoZone
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.