Autozone (AZO) Operating Margin (2009 - 2026)
Autozone (AZO) posted quarterly Operating Margin of 19.08% for Q2 2026, down 32.0% year-over-year from 28.06% in Q2 2025, and up 16.77% quarter-over-quarter from 16.34% in Q1 2026.
Autozone (AZO) Operating Margin (2009 - 2026) Analysis & Trends
Autozone (AZO) has reported Operating Margin for 18 consecutive years, with 19.08% the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Margin fell 32.0% year-over-year to 19.08%; the TTM figure through May 2026 stood at 18.02% (down 161.0% YoY), while the FY2025 annual figure was 19.06%, down 143.0% from the prior year.
- Operating Margin grew to 19.08% in Q2 2026 per AZO's latest filing, from 16.34% in the prior quarter.
- Across five years, Operating Margin topped out at 21.48% in Q3 2023 and bottomed at 16.34% in Q1 2026.
- Historically, Operating Margin has averaged 19.36% across 5 years, with a median of 19.33% in 2024.
- Annual changes were most pronounced in 2023 — Operating Margin surged 211 bps — and 2025, when it plunged 271 bps.
- Autozone's Operating Margin stood at 18.14% in 2022, then grew by 12 bps to 20.25% in 2023, then fell by 3 bps to 19.65% in 2024, then slipped by 14 bps to 16.94% in 2025, then gained by 13 bps to 19.08% in 2026.
- Business Quant data shows AZO's Operating Margin at 19.08% in Q2 2026, 16.34% in Q1 2026, and 16.94% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | O Reilly Automotive | 73.30 Bn | 73.04 Bn | 2.52 Bn | 20.15% |
| 2 | Autozone | 48.67 Bn | 48.42 Bn | 2.52 Bn | 19.08% |
| 3 | Magna International | 19.73 Bn | 18.30 Bn | 1.61 Bn | 5.76% |
| 4 | Genuine Parts | 18.37 Bn | 17.81 Bn | 2.47 Bn | 5.15% |
| 5 | Borgwarner | 13.69 Bn | 11.25 Bn | 721.00 Mn | 10.14% |
| 6 | Allison Transmission Holdings | 10.84 Bn | 10.44 Bn | 515.00 Mn | 18.58% |
| 7 | Modine Manufacturing | 10.60 Bn | 10.53 Bn | - | - |
| 8 | Aptiv | 10.13 Bn | 9.37 Bn | 775.00 Mn | 11.21% |
| 9 | Autoliv | 9.23 Bn | 8.85 Bn | 509.00 Mn | 6.85% |
| 10 | Mobileye Global | 7.42 Bn | 6.10 Bn | 235.00 Mn | -5.91% |
Historic Data
Download Data| Date | Value |
|---|---|
| May 9, 2026 | 19.08% |
| Feb 14, 2026 | 16.34% |
| Nov 22, 2025 | 16.94% |
| Aug 30, 2025 | 19.16% |
| May 10, 2025 | 19.40% |
| Feb 15, 2025 | 17.88% |
| Nov 23, 2024 | 19.65% |
| Aug 31, 2024 | 20.90% |
| May 4, 2024 | 21.25% |
| Feb 10, 2024 | 19.26% |
| Nov 18, 2023 | 20.25% |
| Aug 26, 2023 | 21.48% |
| May 6, 2023 | 20.99% |
| Feb 11, 2023 | 18.15% |
| Nov 19, 2022 | 18.14% |
| Aug 27, 2022 | 20.64% |
| May 7, 2022 | 20.33% |
| Feb 12, 2022 | 18.60% |
| Nov 20, 2021 | 20.56% |
| Aug 28, 2021 | 21.25% |