AutoZone, Inc. stock research
FY2026 Q3
AutoZone (AZO) Gross Margin & Quarterly History
Explore AutoZone, Inc. (AZO) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended May 9, 2026 · FY2026 Q3
Gross profit increased compared to both the prior quarter and the same quarter last year, while revenue also rose. However, gross margin weakened slightly against both periods as cost of revenue grew at a relatively faster pace.
- The primary observable driver was the relative increase in cost of revenue, which grew more quickly than revenue, compressing the margin.
- Sequentially, gross margin declined from the prior quarter. Year over year, gross margin was lower than the same quarter one year ago.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
52.2%
Gross profit
$2.5B
Revenue
$4.8B
Cost of revenue
$2.3B
Quarter-over-quarter change
-0.3 pts
Year-over-year change
-0.6 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| May 10, 2025 | $4.5B | $2.4B | $2.1B | 52.7% |
| Nov 22, 2025 | $4.6B | $2.4B | $2.3B | 51.0% |
| Feb 14, 2026 | $4.3B | $2.2B | $2.0B | 52.5% |
| May 9, 2026 | $4.8B | $2.5B | $2.3B | 52.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Feb 14, 2026
-0.3 pts
Year-over-year change
May 10, 2025
-0.6 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The primary observable driver was the relative increase in cost of revenue, which grew more quickly than revenue, compressing the margin.
Sequentially, gross margin declined from the prior quarter. Year over year, gross margin was lower than the same quarter one year ago.
Monitor the trend in cost of revenue relative to revenue for signs of further margin pressure.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| AutoZone, Inc. (AZO) | 52.2% |