O'Reilly Automotive (ORLY) Q1 FY2026 earnings: revenue $4.6 billion, up 10.2% on the year

O'Reilly Automotive, Inc. (ORLY) reported revenue of $4.6 billion for Q1 FY2026, the quarter ended 31 March 2026, up 10.2% on the same quarter a year earlier. Net income was $604 million, up 12.2% on the year, and diluted earnings per share $0.72. The figures are the company's own, from the 10-Q it filed with the SEC on 8 May 2026.

Revenue

$4.6 billion

+10.2% on the year · +3.3% on the quarter

Q2 FY2024Q1 FY2026

Operating margin

18.5%

17.9% a year earlier

Q2 FY2024Q1 FY2026

Net income

$604 million

+12.2% on the year · -0.2% on the quarter

Q2 FY2024Q1 FY2026

Diluted EPS

$0.72

+15.5% on the year · +1.4% on the quarter

Q2 FY2024Q1 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 2 raised, 8 kept.

Sales rose 10% to $4.56 billion: Sales rose $424 million, or 10%, to $4.56 billion, from $4.14 billion a year earlier.
Diluted EPS rose 16% to $0.72: Diluted EPS rose 16% to $0.72 on 843 million diluted shares, against $0.62 on 864 million a year earlier.
Comparable store sales up 8.1%: Comparable store sales rose 8.1%, on top of 3.6% in the prior-year period. The measure covers U.S. stores open at least one year.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Revenue	4,561	4,414	4,137	+3.3%	+10.2%
Cost of revenue	2,213	2,128	2,015	+4.0%	+9.8%
Gross profit	2,347	2,286	2,121	+2.7%	+10.6%
Gross margin	51.5%	51.8%	51.3%
Selling, general and administrative	1,506	1,458	1,380	+3.3%	+9.1%
Operating income	842	829	741	+1.6%	+13.5%
Operating margin	18.5%	18.8%	17.9%
Interest expense	62.7	60.6	57.6	+3.5%	+9.0%
Pre-tax income	780	771	684	+1.2%	+14.0%
Income tax	176	165	146	+6.3%	+20.6%
Effective tax rate	22.5%	21.5%	21.3%
Net income	604	605	538	-0.2%	+12.2%
Net margin	13.2%	13.7%	13.0%
Diluted EPS	$0.72	$0.71	$0.62	+1.4%	+15.5%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Operating cash flow	1,033	633	755	+63.1%	+36.8%
Capital expenditure	244	269	287	-9.1%	-14.8%
Free cash flow	788	364	468	+116.3%	+68.4%
Free cash flow margin	17.3%	8.3%	11.3%
Cash from investing	-245	-256	-285
Cash from financing	-729	-389	-409
Depreciation and amortisation	135	135	122	-0.0%	+10.7%
Share-based compensation	8.8	8.0	8.4	+10.1%	+4.4%
Buybacks	923	500	559	+84.5%	+65.0%
Diluted shares, weighted	843m	848m	864m	-0.7%	-2.5%
Shares outstanding at period end	832m	842m	857m	-1.1%	-2.8%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q1 FY2026	Q4 FY2025	Q1 FY2025	On the quarter	On the year
Shareholders' equity	-1,067	-763	-1,357
Debt	6,195	6,017	5,652	+3.0%	+9.6%
Operating lease liabilities	2,090	2,035	2,027	+2.7%	+3.1%
Other liabilities	9,718	9,250	8,973	+5.1%	+8.3%
Total liabilities and equity	16,937	16,538	15,294	+2.4%	+10.7%
Fixed assets	6,375	6,257	5,766	+1.9%	+10.6%
Goodwill	953	948	933	+0.5%	+2.1%
Intangible assets	n/a	71.7	n/a
Cash and equivalents	253	194	191	+30.4%	+32.1%
Receivables	431	390	392	+10.6%	+9.9%
Inventory	5,810	5,731	5,172	+1.4%	+12.3%
Other assets	3,115	2,946	2,839	+5.7%	+9.7%
Total assets	16,937	16,538	15,294	+2.4%	+10.7%

Questions

What was O'Reilly Automotive's revenue in Q1 FY2026?

O'Reilly Automotive (ORLY) reported revenue of $4.6 billion for Q1 FY2026, the quarter ended 31 March 2026, up 10.2% on the same quarter a year earlier.

How much did O'Reilly Automotive earn in Q1 FY2026?

Net income for Q1 FY2026 was $604 million, up 12.2% on the year, and diluted earnings per share $0.72.

When did O'Reilly Automotive report Q1 FY2026 results?

O'Reilly Automotive filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 8 May 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	3,291	3,296	3,671	3,799	3,644	3,708	4,069	4,203	3,832	3,976	4,272	4,364	4,096	4,137	4,525	4,706	4,414	4,561	4,892	5,121
Cost of revenue	1,557	1,588	1,786	1,864	1,791	1,818	1,982	2,043	1,865	1,942	2,104	2,113	1,995	2,015	2,199	2,266	2,128	2,213	2,375	2,438
Gross profit	1,735	1,708	1,885	1,935	1,854	1,890	2,087	2,160	1,967	2,034	2,168	2,251	2,101	2,121	2,327	2,440	2,286	2,347	2,517	2,683
Gross margin	53%	52%	51%	51%	51%	51%	51%	51%	51%	51%	51%	52%	51%	51%	51%	52%	52%	51%	51%	52%
SG&A	1,059	1,039	1,086	1,131	1,172	1,174	1,233	1,263	1,249	1,282	1,305	1,354	1,362	1,380	1,412	1,464	1,458	1,506	1,531	1,585
Operating income	676	670	799	804	682	717	854	897	719	752	863	897	739	741	914	976	829	842	986	1,098
Operating margin	21%	20%	22%	21%	19%	19%	21%	21%	19%	19%	20%	21%	18%	18%	20%	21%	19%	18%	20%	21%
Interest expense	34.7	34.8	37.4	43.2	42.3	44.6	49.6	51.4	56.1	57.1	54.8	55.2	55.4	57.6	57.3	59.6	60.6	62.7	69.9	81.8
Pre-tax income	644	633	757	762	646	677	809	847	672	700	812	848	685	684	861	924	771	780	924	1,022
Tax rate	19%	24%	24%	23%	18%	24%	22%	23%	18%	22%	23%	22%	20%	21%	22%	21%	21%	23%	23%	23%
Net income	519	482	577	585	529	517	627	650	553	547	623	665	551	538	669	726	605	604	715	786
Net margin	16%	15%	16%	15%	15%	14%	15%	15%	14%	14%	15%	15%	13%	13%	15%	15%	14%	13%	15%	15%
Diluted EPS	$0.51	$0.48	$0.59	$0.61	$0.56	$0.55	$0.68	$0.71	$0.62	$0.61	$0.70	$0.76	$0.63	$0.62	$0.78	$0.85	$0.71	$0.72	$0.86	$0.97
Operating cash flow	642	690	702	961	795	714	938	866	516	704	949	772	624	755	757	617	633	1,033	1,006	559
Capital expenditure	102	104	125	160	175	223	238	293	252	249	225	258	290	287	301	312	269	244	308	308
Free cash flow	540	586	577	801	621	490	700	573	264	455	723	514	334	468	456	304	364	788	699	251
Buybacks	469	775	1,376	710	421	1,111	680	800	560	270	794	541	472	559	617	420	500	923	1,510	1,035
Shares outstanding	1,005m	989m	956m	942m	935m	916m	906m	894m	886m	885m	874m	868m	862m	857m	851m	847m	842m	832m	816m	805m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 31 March 2026, filed 8 May 2026: the filing.