Autozone (AZO) Operating Margin (2009 - 2026)

Autozone (AZO) has reported Operating Margin for 18 consecutive years, with 19.08% the latest figure, recorded in Q2 2026.

• On a quarterly basis, Operating Margin fell 32.0% year-over-year to 19.08% in Q2 2026; TTM through May 2026 was 18.02%, a 161.0% decrease from a year earlier, with the FY2025 full-year figure at 19.06%, down 143.0% from the prior year.
• Operating Margin was 19.08% for Q2 2026 at Autozone, up from 16.34% in the prior quarter.
• Over five years, Operating Margin peaked at 21.48% in Q3 2023 and troughed at 16.34% in Q1 2026.
• A 5-year average of 19.36% and a median of 19.33% in 2024 frame the typical range for Operating Margin.
• Across the five-year window, Operating Margin jumped 211 bps in 2023 and sank 271 bps in 2025, its largest moves.
• Over 5 years, Operating Margin stood at 18.14% in 2022, then advanced by 12 bps to 20.25% in 2023, then dropped by 3 bps to 19.65% in 2024, then retreated by 14 bps to 16.94% in 2025, then increased by 13 bps to 19.08% in 2026.
• The last three Operating Margin figures came in at 19.08% (Q2 2026), 16.34% (Q1 2026), and 16.94% (Q4 2025), per Business Quant data.