How AutoZone (AZO) Makes Money: A Visual Guide

AutoZone (AZO) generated $19.61B in revenue (TTM through Q1 2026), earning $2.45B in net profit (12.5% margin). Its largest revenue source is Auto Parts Locations (99.4% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

AutoZone (AZO) Income Statement Flow

Frequently asked questions

How does AutoZone (AZO) make money?

AutoZone (AZO) primarily makes money through Auto Parts Locations, which accounts for 99.4% of total revenue. For TTM through Q1 2026, AutoZone generated $19.61B in total revenue with a net profit margin of 12.5%.

What is AutoZone (AZO) gross profit margin?

AutoZone (AZO) reported a gross profit margin of 51.9% for TTM through Q1 2026, equivalent to $10.17B in gross profit. This means AutoZone retains 51.9% of each revenue unit after direct costs of production.

What is AutoZone (AZO) operating profit margin?

AutoZone (AZO) reported an operating profit margin of 18.1% for TTM through Q1 2026, equivalent to $3.54B in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is AutoZone (AZO) net profit margin?

AutoZone (AZO) reported a net profit margin of 12.5% for TTM through Q1 2026, equivalent to $2.45B in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does AutoZone (AZO) spend on capital expenditures?

AutoZone (AZO) spent $1.10B on capital expenditures in TTM through Q1 2026 (5.6% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is AutoZone (AZO) free cash flow?

AutoZone (AZO) generated $1.56B in free cash flow for TTM through Q1 2026 (8.0% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

What is AutoZone (AZO) effective tax rate?

AutoZone (AZO) had an effective tax rate of 20.4% for TTM through Q1 2026. This is the actual percentage of pre-tax income paid as income taxes.

About this data

What is a Sankey diagram?
A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?
We use the income statement from company filings. For TTM (Trailing Twelve Months), we sum the last four quarters. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?
Based on company filings through TTM through Q1 2026.