Exhibit 99.1 FOR IMMEDIATE RELEASE O’REILLY AUTOMOTIVE, INC. REPORTS THIRD
Exhibit 99.1 FOR IMMEDIATE RELEASE O’REILLY AUTOMOTIVE, INC. REPORTS THIRD QUARTER 2026 RESULTS
Springfield, MO, October 28, 2026 –O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) ( Nasdaq:ORLY), a leading retailer in the automotive aftermarket industry, today announced record revenue and earnings for its third quarter ended September 30, 2026. 3 rd Quarter Financial Results Brad Beckham, O’Reilly’s CEO, commented, “I would like to thank our Team Members for their unwavering commitment to providing industry-leading service to each of our customers. Team O’Reilly’s dedication was evident in our strong third quarter comparable store sales increase of 7.2%. This robust growth came on top of strong sales in the third quarter last year, resulting in a two-year stack of 12.8%, and was driven by share gains on both sides of our business, with double- digit growth in our professional business and mid-single digit growth in DIY. Our impressive top-line growth, coupled with a $39 million benefit from tariff refunds received during the third quarter, drove a 14% increase in our third quarter diluted earnings per share. We are extremely pleased with the continued ability of our Team to deliver industry-leading results through their hard work and unrelenting focus on our customers.” Sales for the third quarter ended September 30, 2026, increased $416 million, or 9%, to $5.12 billion from $4.71 billion for the same period one year ago. Gross profit for the third quarter increased 10% to $2.68 billion (or 52.4% of sales) from $2.44 billion (or 51.9% of sales) for the same period one year ago. Selling, general and administrative expenses (“SG&A”) for the third quarter increased 8% to $1.58 billion (or 30.9% of sales) from $1.46 billion (or 31.1% of sales) for the same period one year ago. Operating income for the third quarter increased 13% to $1.10 billion (or 21.4% of sales) from $976 million (or 20.7% of sales) for the same period one year ago. Net income for the third quarter ended September 30, 2026, increased $60 million, or 8%, to $786 million (or 15.3% of sales) from $726 million (or 15.4% of sales) for the same period one year ago. Diluted earnings per common share for the third quarter increased 14% to $0.97 on 812 million shares versus $0.85 on 853 million shares for the same period one year ago. Year-to-Date Financial Results Mr. Beckham concluded, “As a result of our strong year-to-date performance and expectations for the remainder of 2026, we are raising our full- year 2026 comparable store sales guidance to a range of 5.5% to 6.5%. We are also raising our full-year 2026 gross margin guidance to a range of 51.6% to 52.1% and our operating profit guidance to a range of 19.5% to 20.0%. These updates incorporate our strong third quarter performance, including the benefit from tariff refunds, and our margin expectations for the fourth quarter. Year- to-date, we have opened 173 net, new stores across North America and are on track to reach our goal of 225 to 235 net, new store openings in 2026. We remain very pleased with our new store performance and confident in the strength of the fundamental demand drivers in our business.” Sales for the first nine months of 2026 increased $1.21 billion, or 9%, to $14.57 billion from $13.37 billion for the same period one year ago. Gross profit for the first nine months of 2026 increased 10% to $7.55 billion (or 51.8% of sales) from $6.89 billion (or 51.5% of sales) for the same period one year ago. SG&A expenses for the first nine months of 2026 increased 9% to $4.62 billion (or 31.7% of sales) from $4.26 billion (or 31.8% of sales) for the same period one year ago. Operating income for the first nine months of 2026 increased 11% to $2.93 billion (or 20.1% of sales) from $2.63 billion (or 19.7% of sales) for the same period one year ago.
Net income for the first nine months of 2026 increased $172 million, or 9%, to $2.10 billion (or 14.4% of sales) from $1.93 billion (or 14.5% of sales) for the same period one year ago. Diluted earnings per common share for the first nine months of 2026 increased 13% to $2.54 on 828 million shares versus $2.25 on 858 million shares for the same period one year ago.
Comparable store sales are calculated based on the change in sales for U.S. stores open at least one year and exclude sales of specialty machinery, sales to independent parts stores, and sales to Team Members. Online sales for ship-to- home orders and pick-up-in-store orders for U.S. stores open at least one year are included in the comparable store sales calculation. Comparable store sales increased 7.2% for the third quarter ended September 30, 2026, on top of 5.6% for the same period one year ago. Comparable store sales increased 7.1% for the nine months ended September 30, 2026, on top of 4.5% for the same period one year ago.
During the third quarter ended September 30, 2026, the Company repurchased 11.8 million shares of its common stock, at an average price per share of $87.34, for a total investment of $1.03 billion. During the first nine months of 2026, the Company repurchased 38.5 million shares of its common stock, at an average price per share of $89.99, for a total investment of $3.47 billion. Excise tax on shares repurchased, assessed at one percent of the fair market value of shares repurchased, was $34.7 million for the nine months ended September 30, 2026. Subsequent to the end of the third quarter and through the date of this release, the Company repurchased an additional 2.3 million shares of its common stock, at an average price per share of $87.11, for a total investment of $204 million. The Company has repurchased a total of 1.50 billion shares of its common stock under its share repurchase program since the inception of the program in January of 2011 and through the date of this release, at an average price of $20.63, for a total aggregate investment of $31.02 billion. As of the date of this release, the Company had approximately $727 million remaining under its current share repurchase authorization. Updated Full-Year 2026 Guidance The table below outlines the Company’s updated guidance for selected full-year 2026 financial data:
For the Year Ending December 31, 2026 ────────────────────────────────────────────────────────────────────────────── Net, new store openings 225 to 235 Comparable store sales 5.5% to 6.5% Total revenue $19.0 billion to $19.3 billion Gross profit as a percentage of sales 51.6% to 52.1% Operating income as a percentage of 19.5% to 20.0% sales Effective income tax rate 22.7% Diluted earnings per share (1) $3.25 to $3.35 Net cash provided by operating $3.2 billion to $3.6 billion activities Capital expenditures $1.3 billion to $1.4 billion Free cash flow (2) $1.9 billion to $2.2 billion
Weighted-average shares outstanding, assuming dilution, used in the (1) denominator of this calculation, includes share repurchases made by the Company through the date of this release.
Free cash flow is a non-GAAP financial measure. The table below (2) reconciles Free cash flow guidance to Net cash provided by operating activities guidance, the most directly comparable GAAP financial measure:
Non-GAAP Information This release contains certain financial information not derived in accordance with United States generally accepted accounting principles (“GAAP”). These items include adjusted debt to earnings before interest, taxes, depreciation, amortization, share-based compensation, and rent (“EBITDAR”) and free cash flow. The Company does not, nor does it suggest investors should, consider such non-GAAP financial measures in isolation from, or as a substitute for, GAAP financial information. The Company believes that the presentation of adjusted debt to EBITDAR and free cash flow provide meaningful supplemental information to both management and investors that is indicative of the Company’s core operations. The Company has included a reconciliation of this additional information to the most comparable GAAP measure in the table above and the selected financial information below. Earnings Conference Call Information The Company will host a conference call on Thursday, October 29, 2026, at 10:00 a.m. Central Time to discuss its results as well as future expectations. Investors may listen to the conference call live on the Company’s website at www.OReillyAuto.com by clicking on “Investor Relations.” Interested analysts are invited to join the call. The dial-in number for the call is (888) 506-0062 and the conference call identification number is 479629. A replay of the conference call will be available on the Company’s website through Thursday, October 28, 2027. About O’Reilly Automotive, Inc. O’Reilly Automotive, Inc. was founded in 1957 by the O’Reilly family and is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in the United States, serving both the do- it-yourself and professional service provider markets. Visit the Company’s website at www.OReillyAuto.com for additional information about O’Reilly, including access to online shopping and current promotions, store locations, hours and services, employment opportunities, and other programs. As of September 30, 2026, the Company operated 6,758 stores across 48 U.S. states, Puerto Rico, Mexico, and Canada. Forward-Looking Statements The Company claims the protection of the safe-harbor for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by forward-looking words such as “estimate,” “may,” “could,” “will,” “believe,” “expect,” “would,” “consider,” “should,” “anticipate,” “project,” “plan,” “intend,”
“guidance,” “target,” or similar words. In addition, statements contained within this press release that are not historical facts are forward-looking statements, such as statements discussing, among other things, expected growth, store development, integration and expansion strategy, business strategies, future revenues, and future performance. These forward-looking statements are based on estimates, projections, beliefs, and assumptions and are not guarantees of future events and results. Such statements are subject to risks, uncertainties, and assumptions, including, but not limited to, the economy in general; inflation; consumer debt levels; product demand; a public health crisis; the market for auto parts; competition; weather; trade disputes and changes in trade policies, including the imposition of new or increased tariffs; availability of key products and supply chain disruptions; business interruptions, including terrorist activities, war and the threat of war; failure to protect our brand and reputation; challenges in international markets; volatility of the market price of our common stock; our increased debt levels; credit ratings on public debt; damage, failure, or interruption of information technology systems, including information security and cyber-attacks; historical growth rate sustainability; our ability to hire and retain qualified employees; risks associated with the performance of acquired businesses; and governmental regulations. Actual results may materially differ from anticipated results described or implied in these forward-looking statements. Please refer to the “Risk Factors” section of the annual report on Form 10-K for the year ended December 31, 2025, and subsequent Securities and Exchange Commission filings, for additional factors that could materially affect the Company’s financial performance. Forward-looking statements speak only as of the date they were made, and the Company undertakes no obligation to publicly update any forward- looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.
For further information contact: Investor Relations Contacts Leslie Skorick (417) 874-7142 Eric Bird (417) 868-4259 Media Contact Sonya Cox (417) 427-8071
O’REILLY AUTOMOTIVE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share data)
Note: The balance sheet at December 31, 2025, has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by United States generally accepted accounting principles for complete financial statements.
O’REILLY AUTOMOTIVE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (In thousands, except per share data)
O’REILLY AUTOMOTIVE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (In thousands)
For the Nine Months Ended September 30, Operating 2026 2025 activities: ────────────────────────────────────────────────────────────────────────────── Net income $ 2,104,866 $ 1,932,976 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization of property, 413,189 375,825 equipment and intangibles Amortization of debt discount and 6,086 5,502 issuance costs Deferred income 33,460 -7,873 taxes Share-based compensation 26,289 27,108 programs Other -978 7,381 Changes in operating assets and liabilities: Accounts -82,911 -66,898 receivable Inventory -437,579 -486,368 Accounts payable 409,638 532,599 Income taxes -3,077 -1,882 payable Other 129,172 -189,869 Net cash provided by operating 2,598,155 2,128,501 activities Investing activities: Purchases of property and -860,273 -899,783 equipment Proceeds from sale of property and 6,677 16,882 equipment Return of tax credit equity 3,294 — investments Other, including acquisitions, net -2,718 -13,664 of cash acquired Net cash used in investing -853,020 -896,565 activities Financing activities: Net (payments) proceeds of -238,843 389,796 commercial paper Proceeds from the issuance of 2,446,149 — long-term debt Principal payments -500,000 — on long-term debt Payment of debt -17,287 -3,829 issuance costs Payment of excise tax on share -18,718 -17,012 repurchases Repurchases of -3,467,904 -1,596,650 common stock Net proceeds from issuance of common 52,333 68,280 stock Other -270 -433 Net cash used in financing -1,744,540 -1,159,848 activities Effect of exchange rate changes on 57 2,180 cash Net increase in cash and cash 652 74,268 equivalents Cash and cash equivalents at 193,793 130,245 beginning of the period Cash and cash equivalents at end $ 194,445 $ 204,513 of the period Supplemental disclosures of cash flow information: Income taxes paid $ 618,464 $ 876,513 Interest paid, net of capitalized 180,675 152,090 interest
O’REILLY AUTOMOTIVE, INC. AND SUBSIDIARIES SELECTED FINANCIAL INFORMATION (Unaudited)
The table below outlines the calculation of Rent expense and reconciles Rent expense to Total lease cost, per ASC 842, the most directly comparable GAAP financial measure, for the twelve months ended (i) September 30, 2026 and 2025 (in thousands): ──────────────────────────────────────────────────────────────────────────────
For the Twelve Months Ended September 30, 2026 2025 Total lease cost, per ASC $ 614,988 $ 581,898 842 Variable non-contract operating lease Less: components, 101,996 99,468 related to property taxes and insurance Rent expense $ 512,992 $ 482,430
(1) Calculated as cost of goods sold for the last 12 months divided by average inventory.
(2) Calculated as inventory divided by store count at the end of the reported period.
Calculated as sales less jobber sales, divided by weighted-average (5) square footage. Weighted-average square footage is determined by weighting store square footage based on the approximate dates of store openings, acquisitions, expansions, or closures.
Calculated as sales less jobber sales, divided by weighted-average (6) stores. Weighted-average stores is determined by weighting stores based on their approximate dates of openings, acquisitions, or closures.
Full text with the tables
Exhibit 99.1 FOR IMMEDIATE RELEASE O’REILLY AUTOMOTIVE, INC. REPORTS THIRD
QUARTER 2026 RESULTS
● Third quarter comparable store sales growth of 7.2%
● 14% increase in third quarter diluted earnings per share to $0.97
● $2.6 billion net cash provided by operating activities year-to-date
Springfield, MO, October 28, 2026 –O’Reilly Automotive, Inc. (the “Company” or
“O’Reilly”) ( Nasdaq:ORLY), a leading retailer in the automotive aftermarket
industry, today announced record revenue and earnings for its third quarter
ended September 30, 2026. 3 rd Quarter Financial Results Brad Beckham,
O’Reilly’s CEO, commented, “I would like to thank our Team Members for their
unwavering commitment to providing industry-leading service to each of our
customers. Team O’Reilly’s dedication was evident in our strong third quarter
comparable store sales increase of 7.2%. This robust growth came on top of
strong sales in the third quarter last year, resulting in a two-year stack of
12.8%, and was driven by share gains on both sides of our business, with double-
digit growth in our professional business and mid-single digit growth in DIY.
Our impressive top-line growth, coupled with a $39 million benefit from tariff
refunds received during the third quarter, drove a 14% increase in our third
quarter diluted earnings per share. We are extremely pleased with the continued
ability of our Team to deliver industry-leading results through their hard work
and unrelenting focus on our customers.” Sales for the third quarter ended
September 30, 2026, increased $416 million, or 9%, to $5.12 billion from $4.71
billion for the same period one year ago. Gross profit for the third quarter
increased 10% to $2.68 billion (or 52.4% of sales) from $2.44 billion (or 51.9%
of sales) for the same period one year ago. Selling, general and administrative
expenses (“SG&A”) for the third quarter increased 8% to $1.58 billion (or 30.9%
of sales) from $1.46 billion (or 31.1% of sales) for the same period one year
ago. Operating income for the third quarter increased 13% to $1.10 billion (or
21.4% of sales) from $976 million (or 20.7% of sales) for the same period one
year ago. Net income for the third quarter ended September 30, 2026, increased
$60 million, or 8%, to $786 million (or 15.3% of sales) from $726 million (or
15.4% of sales) for the same period one year ago. Diluted earnings per common
share for the third quarter increased 14% to $0.97 on 812 million shares versus
$0.85 on 853 million shares for the same period one year ago. Year-to-Date
Financial Results Mr. Beckham concluded, “As a result of our strong year-to-date
performance and expectations for the remainder of 2026, we are raising our full-
year 2026 comparable store sales guidance to a range of 5.5% to 6.5%. We are
also raising our full-year 2026 gross margin guidance to a range of 51.6% to
52.1% and our operating profit guidance to a range of 19.5% to 20.0%. These
updates incorporate our strong third quarter performance, including the benefit
from tariff refunds, and our margin expectations for the fourth quarter. Year-
to-date, we have opened 173 net, new stores across North America and are on
track to reach our goal of 225 to 235 net, new store openings in 2026. We remain
very pleased with our new store performance and confident in the strength of the
fundamental demand drivers in our business.”
Sales for the first nine months of 2026 increased $1.21 billion, or 9%, to
$14.57 billion from $13.37 billion for the same period one year ago. Gross
profit for the first nine months of 2026 increased 10% to $7.55 billion (or
51.8% of sales) from $6.89 billion (or 51.5% of sales) for the same period one
year ago. SG&A expenses for the first nine months of 2026 increased 9% to $4.62
billion (or 31.7% of sales) from $4.26 billion (or 31.8% of sales) for the same
period one year ago. Operating income for the first nine months of 2026
increased 11% to $2.93 billion (or 20.1% of sales) from $2.63 billion (or 19.7%
of sales) for the same period one year ago.
Net income for the first nine months of 2026 increased $172 million, or 9%, to
$2.10 billion (or 14.4% of sales) from $1.93 billion (or 14.5% of sales) for the
same period one year ago. Diluted earnings per common share for the first nine
months of 2026 increased 13% to $2.54 on 828 million shares versus $2.25 on 858
million shares for the same period one year ago.
3Quarter Comparable Store Sales Results
Comparable store sales are calculated based on the change in sales for U.S.
stores open at least one year and exclude sales of specialty machinery, sales to
independent parts stores, and sales to Team Members. Online sales for ship-to-
home orders and pick-up-in-store orders for U.S. stores open at least one year
are included in the comparable store sales calculation. Comparable store sales
increased 7.2% for the third quarter ended September 30, 2026, on top of 5.6%
for the same period one year ago. Comparable store sales increased 7.1% for the
nine months ended September 30, 2026, on top of 4.5% for the same period one
year ago.
Share Repurchase Program
During the third quarter ended September 30, 2026, the Company repurchased 11.8
million shares of its common stock, at an average price per share of $87.34, for
a total investment of $1.03 billion. During the first nine months of 2026, the
Company repurchased 38.5 million shares of its common stock, at an average price
per share of $89.99, for a total investment of $3.47 billion. Excise tax on
shares repurchased, assessed at one percent of the fair market value of shares
repurchased, was $34.7 million for the nine months ended September 30, 2026.
Subsequent to the end of the third quarter and through the date of this release,
the Company repurchased an additional 2.3 million shares of its common stock, at
an average price per share of $87.11, for a total investment of $204 million.
The Company has repurchased a total of 1.50 billion shares of its common stock
under its share repurchase program since the inception of the program in January
of 2011 and through the date of this release, at an average price of $20.63, for
a total aggregate investment of $31.02 billion. As of the date of this release,
the Company had approximately $727 million remaining under its current share
repurchase authorization.
Updated Full-Year 2026 Guidance The table below outlines the Company’s updated
guidance for selected full-year 2026 financial data:
For the Year Ending
December 31, 2026
──────────────────────────────────────────────────────────────────────────────
Net, new store openings 225 to 235
Comparable store sales 5.5% to 6.5%
Total revenue $19.0 billion to $19.3 billion
Gross profit as a percentage of sales 51.6% to 52.1%
Operating income as a percentage of 19.5% to 20.0%
sales
Effective income tax rate 22.7%
Diluted earnings per share (1) $3.25 to $3.35
Net cash provided by operating $3.2 billion to $3.6 billion
activities
Capital expenditures $1.3 billion to $1.4 billion
Free cash flow (2) $1.9 billion to $2.2 billion
Weighted-average shares outstanding, assuming dilution, used in the
(1) denominator of this calculation, includes share repurchases made by the
Company through the date of this release.
Free cash flow is a non-GAAP financial measure. The table below
(2) reconciles Free cash flow guidance to Net cash provided by operating
activities guidance, the most directly comparable GAAP financial
measure:
For the Year
Ending
December 31,
(in millions) 2026
──────────────────────────────────────────────────────────────────────────────
Net cash
provided by $ 3,210 to $ 3,620
operating
activities
Less: Capital 1,300 to 1,400
expenditures
Excess tax
benefit from
share-based 10 to 20
compensation
payments
Free cash flow $ 1,900 to $ 2,200
Non-GAAP Information This release contains certain financial information not
derived in accordance with United States generally accepted accounting
principles (“GAAP”). These items include adjusted debt to earnings before
interest, taxes, depreciation, amortization, share-based compensation, and rent
(“EBITDAR”) and free cash flow. The Company does not, nor does it suggest
investors should, consider such non-GAAP financial measures in isolation from,
or as a substitute for, GAAP financial information. The Company believes that
the presentation of adjusted debt to EBITDAR and free cash flow provide
meaningful supplemental information to both management and investors that is
indicative of the Company’s core operations. The Company has included a
reconciliation of this additional information to the most comparable GAAP
measure in the table above and the selected financial information below.
Earnings Conference Call Information The Company will host a conference call on
Thursday, October 29, 2026, at 10:00 a.m. Central Time to discuss its results as
well as future expectations. Investors may listen to the conference call live on
the Company’s website at www.OReillyAuto.com by clicking on “Investor
Relations.” Interested analysts are invited to join the call. The dial-in number
for the call is (888) 506-0062 and the conference call identification number is
479629. A replay of the conference call will be available on the Company’s
website through Thursday, October 28, 2027. About O’Reilly Automotive, Inc.
O’Reilly Automotive, Inc. was founded in 1957 by the O’Reilly family and is one
of the largest specialty retailers of automotive aftermarket parts, tools,
supplies, equipment, and accessories in the United States, serving both the do-
it-yourself and professional service provider markets. Visit the Company’s
website at www.OReillyAuto.com for additional information about O’Reilly,
including access to online shopping and current promotions, store locations,
hours and services, employment opportunities, and other programs. As of
September 30, 2026, the Company operated 6,758 stores across 48 U.S. states,
Puerto Rico, Mexico, and Canada. Forward-Looking Statements The Company claims
the protection of the safe-harbor for forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. You can
identify these statements by forward-looking words such as “estimate,” “may,”
“could,” “will,” “believe,” “expect,” “would,” “consider,” “should,”
“anticipate,” “project,” “plan,” “intend,”
“guidance,” “target,” or similar words. In addition, statements contained within
this press release that are not historical facts are forward-looking statements,
such as statements discussing, among other things, expected growth, store
development, integration and expansion strategy, business strategies, future
revenues, and future performance. These forward-looking statements are based on
estimates, projections, beliefs, and assumptions and are not guarantees of
future events and results. Such statements are subject to risks, uncertainties,
and assumptions, including, but not limited to, the economy in general;
inflation; consumer debt levels; product demand; a public health crisis; the
market for auto parts; competition; weather; trade disputes and changes in trade
policies, including the imposition of new or increased tariffs; availability of
key products and supply chain disruptions; business interruptions, including
terrorist activities, war and the threat of war; failure to protect our brand
and reputation; challenges in international markets; volatility of the market
price of our common stock; our increased debt levels; credit ratings on public
debt; damage, failure, or interruption of information technology systems,
including information security and cyber-attacks; historical growth rate
sustainability; our ability to hire and retain qualified employees; risks
associated with the performance of acquired businesses; and governmental
regulations. Actual results may materially differ from anticipated results
described or implied in these forward-looking statements. Please refer to the
“Risk Factors” section of the annual report on Form 10-K for the year ended
December 31, 2025, and subsequent Securities and Exchange Commission filings,
for additional factors that could materially affect the Company’s financial
performance. Forward-looking statements speak only as of the date they were
made, and the Company undertakes no obligation to publicly update any forward-
looking statements, whether as a result of new information, future events, or
otherwise, except as required by applicable law.
For further information contact: Investor Relations Contacts
Leslie Skorick (417) 874-7142
Eric Bird (417) 868-4259
Media Contact
Sonya Cox (417) 427-8071
O’REILLY AUTOMOTIVE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)
Septemb… Septemb… December
30, 2026 30, 2025 31, 2025
──────────────────────────────────────────────────────────────────────────────
-Unaudi… -Unaudi… -Note
Assets
Current
assets:
Cash
and $ 194,445 $ 204,513 $ 193,793
cash
equiva…
Accoun…
receiv… 462,093 422,849 389,793
net
Amounts
receiv… 200,905 178,155 159,900
from
suppli…
Invent… 6,165,… 5,610,… 5,731,…
Other
current 200,805 181,340 269,406
assets
Total
current 7,223,… 6,596,… 6,744,…
assets
Proper…
and 11,035… 9,982,… 10,222…
equipm…
at cost
Less:
accumu…
deprec… 4,303,… 3,849,… 3,964,…
and
amorti…
Net
proper… 6,731,… 6,133,… 6,257,…
and
equipm…
Operat…
lease, 2,493,… 2,404,… 2,391,…
right-…
assets
Goodwi… 952,900 945,587 948,208
Other
assets, 200,508 198,689 197,193
net
Total $ 17,601… $ 16,279… $ 16,538…
assets
Liabil…
and
shareh…
deficit
Current
liabil…
Accoun… $ 7,507,… $ 7,060,… $ 7,103,…
payable
Self-i… 198,760 180,138 297,304
reserv…
Accrued 133,882 154,288 119,603
payroll
Accrued
benefi… 293,232 256,835 240,072
and
withho…
Income
taxes 8,162 10,696 13,957
payable
Current
portion
of 458,026 436,672 439,907
operat…
lease
liabil…
Other
current 744,009 610,521 561,294
liabil…
Total
current 9,343,… 8,709,… 8,775,…
liabil…
Long-t… 7,711,… 5,915,… 6,016,…
debt
Operat…
lease
liabil… 2,126,… 2,049,… 2,034,…
less
current
portion
Deferr…
income 244,095 240,728 211,210
taxes
Other 268,418 258,832 262,982
liabil…
Shareh…
equity
(defic…
Common
stock,
$0.01
par
value:
Author…
shares
–
1,250,…
Issued
and
outsta…
shares
–
804,60…
as of
Septem…
30,
2026,
846,83…
as of
Septem…
30,
2025,
and
841,90…
as of
Decemb… 8,046 8,468 8,419
31,
2025
Additi…
paid-in 1,537,… 1,519,… 1,530,…
capital
Retain… -3,653… -2,438… -2,328…
deficit
Accumu…
other 15,212 15,624 26,754
compre…
income
Total
shareh… -2,092… -894,6… -763,3…
deficit
Total
liabil…
and $ 17,601… $ 16,279… $ 16,538…
shareh…
deficit
Note: The balance sheet at December 31, 2025, has been derived from the audited
consolidated financial statements at that date but does not include all of the
information and footnotes required by United States generally accepted
accounting principles for complete financial statements.
O’REILLY AUTOMOTIVE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF
INCOME (Unaudited) (In thousands, except per share data)
Sal…
Cost
of
goo…
sol…
inc…
war…
and
dis…
exp…
Gro…
pro…
Sel…
gen…
and
adm…
exp…
Ope…
inc…
Oth…
inc…
(ex…
Int…
exp…
Int…
inc…
Oth…
net
Tot… 5,12… 4,70… 14,5… 13,36…
oth… 2,43… 2,26… 7,02… 6,479…
exp… 2,68… 2,43… 7,54… 6,887…
Inc… 1,58… 1,46… 4,62… 4,255…
bef… 1,09… 976,… 2,92… 2,632…
inc… For For
tax… the the
Pro… Three (81,… (59,… Nine (214… (174,…
for Mont… 1,987 1,780 Months 5,324 5,329
inc… Ended 3,706 5,369 Ended 9,795 6,591
tax… Sept… (76,… (52,… Septe… (199… (162,…
Net 30, 30,
inc… 2026 1,02… 2025 923,… 2026 2,72… 2025 2,469…
236,… 197,… 621,… 536,4…
Ear… 785,… 725,… 2,10… 1,932…
per
sha…
──────────────────────────────────────────────────────────────────────────────
Ear…
per $ 0.97 $ 0.86 $ 2.55 $ 2.26
sha…
Wei…
com…
sha… 808,… 848,… 824,… 853,9…
out…
–
bas…
Ear…
per
sha…
dil…
Ear…
per $ 0.97 $ 0.85 $ 2.54 $ 2.25
sha…
Wei…
com…
sha…
out… 812,… 852,… 827,… 858,4…
–
ass…
dil…
O’REILLY AUTOMOTIVE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF
CASH FLOWS (Unaudited) (In thousands)
For the Nine
Months Ended
September 30,
Operating 2026 2025
activities:
──────────────────────────────────────────────────────────────────────────────
Net income $ 2,104,866 $ 1,932,976
Adjustments to
reconcile net
income to
net cash provided
by operating
activities:
Depreciation and
amortization of
property, 413,189 375,825
equipment and
intangibles
Amortization of
debt discount and 6,086 5,502
issuance costs
Deferred income 33,460 -7,873
taxes
Share-based
compensation 26,289 27,108
programs
Other -978 7,381
Changes in
operating assets
and
liabilities:
Accounts -82,911 -66,898
receivable
Inventory -437,579 -486,368
Accounts payable 409,638 532,599
Income taxes -3,077 -1,882
payable
Other 129,172 -189,869
Net cash provided
by operating 2,598,155 2,128,501
activities
Investing
activities:
Purchases of
property and -860,273 -899,783
equipment
Proceeds from sale
of property and 6,677 16,882
equipment
Return of tax
credit equity 3,294 —
investments
Other, including
acquisitions, net -2,718 -13,664
of
cash acquired
Net cash used in
investing -853,020 -896,565
activities
Financing
activities:
Net (payments)
proceeds of -238,843 389,796
commercial
paper
Proceeds from the
issuance of 2,446,149 —
long-term
debt
Principal payments -500,000 —
on long-term debt
Payment of debt -17,287 -3,829
issuance costs
Payment of excise
tax on share -18,718 -17,012
repurchases
Repurchases of -3,467,904 -1,596,650
common stock
Net proceeds from
issuance of common 52,333 68,280
stock
Other -270 -433
Net cash used in
financing -1,744,540 -1,159,848
activities
Effect of exchange
rate changes on 57 2,180
cash
Net increase in
cash and cash 652 74,268
equivalents
Cash and cash
equivalents at 193,793 130,245
beginning
of the period
Cash and cash
equivalents at end $ 194,445 $ 204,513
of the
period
Supplemental
disclosures of
cash flow
information:
Income taxes paid $ 618,464 $ 876,513
Interest paid, net
of capitalized 180,675 152,090
interest
O’REILLY AUTOMOTIVE, INC. AND SUBSIDIARIES SELECTED FINANCIAL INFORMATION
(Unaudited)
Adjusted
Debt to
EBITDAR:
(In For the
thousands, Twelve
except Months Ended
adjusted September
debt to 30,
EBITDAR 2026 2025
ratio)
──────────────────────────────────────────────────────────────────────────────
GAAP debt $ 7,711,498 $ 5,915,530
Add: Letters of 197,596 156,259
credit
Unamortized
discount and
debt 38,502 24,470
issuance
costs
Six-times 3,077,952 2,894,580
rent expense
Adjusted $ 11,025,548 $ 8,990,839
debt
GAAP net $ 2,710,099 $ 2,484,106
income
Add: Interest 275,063 229,870
expense
Provision
for income 786,914 670,547
taxes
Depreciation
and 548,594 498,393
amortization
Share-based
compensation 34,296 34,439
expense
Rent expense 512,992 482,430
(i)
EBITDAR $ 4,867,958 $ 4,399,785
Adjusted
debt to 2.26 2.04
EBITDAR
The table below outlines the calculation of Rent expense and reconciles
Rent expense to Total lease cost, per ASC 842, the most directly
comparable GAAP financial measure, for the twelve months ended
(i) September 30, 2026 and 2025 (in thousands):
──────────────────────────────────────────────────────────────────────────────
For the Twelve
Months Ended
September 30,
2026 2025
Total lease
cost, per ASC $ 614,988 $ 581,898
842
Variable
non-contract
operating lease
Less: components, 101,996 99,468
related to
property taxes
and insurance
Rent expense $ 512,992 $ 482,430
September 30,
2026 2025
Selected Balance Sheet
Ratios:
Inventory turnover (1) 1.6 1.6
Average inventory per store
(in $ 912 $ 858
thousands) (2)
Accounts payable to inventory 121.8 % 125.9 %
(3)
For For
the the
Re… Three Nine
of Mont… Mon…
Fr… Ended End…
Ca… Sept… Sep…
Fl… 30, 30,
(in 2026 2025 2026 2025
th…
──────────────────────────────────────────────────────────────────────────────
Net
ca…
pr… $ 558… $ 616,… $ 2,59… $ 2,1…
by
op…
ac…
Le… Cap… 308… 312,… 860,… 899…
exp…
Exc…
tax
ben…
from 1,9… 7,441 11,5… 27,…
sha…
com…
pay…
Ret…
of
tax -3,… — -3,2… —
cre…
equ…
inv…
Fr…
ca… $ 251… $ 296,… $ 1,72… $ 1,2…
fl…
For For
the the
Three Nine
Mont… Months
Ended Ended
Rev… Sept… Septe…
Dis… 30, 30,
(in 2026 2025 2026 2025
tho…
──────────────────────────────────────────────────────────────────────────────
Sal…
to $ 2,44… $ 2,30… $ 6,97… $ 6,585…
do-…
cus…
Sal…
to
pro… 2,60… 2,30… 7,36… 6,502…
ser…
pro…
cus…
Oth…
sal…
and 72,0… 93,1… 237,… 280,2…
sal…
adj…
Tot… $ 5,12… $ 4,70… $ 14,5… $ 13,36…
sal…
For the For the For
Three Nine the
Months Months Twelve
Ended Ended Months
Ended
Septem… Septem… Septe…
30, 30, 30,
2026 2025 2026 2025 2026 2025
Store
Count:
Begin…
domes… 6,541 6,360 6,447 6,265 6,406 6,187
store
count
New
stores 54 46 148 141 189 219
opened
Stores — — — — — —
closed
Ending
domes… 6,595 6,406 6,595 6,406 6,595 6,406
store
count
Begin…
Mexico 126 98 112 87 107 78
store
count
New
stores 8 9 22 20 27 29
opened
Stores — — — — — —
closed
Ending
Mexico 134 107 134 107 134 107
store
count
Begin…
Canada 28 25 26 26 25 26
store
count
New
stores 1 — 3 — 4 —
opened
Stores — — — -1 — -1
closed
Ending
Canada 29 25 29 25 29 25
store
count
Total
ending 6,758 6,538 6,758 6,538 6,758 6,538
store
count
For For
the the
Three Twel…
Mont… Mont…
Ended Ended
Sept… Sept…
30, 30,
2026 2025 2026 2025
Sto…
and
Team
Mem…
Inf…
Tot… 96,8… 93,269
emp…
Squ…
foo…
(in 53,3… 50,980
tho…
(4)
Sal…
per
wei… $ 94.65 $ 90.80 $ 355.84 $ 344.…
squ…
foot
(4)…
Sal…
per
wei…
sto… $ 764 $ 720 $ 2,856 $ 2,701
(in
tho…
(4)…
(1) Calculated as cost of goods sold for the last 12 months divided by
average inventory.
(2) Calculated as inventory divided by store count at the end of the
reported period.
(3) Calculated as accounts payable divided by inventory.
(4) Represents O’Reilly’s U.S. and Puerto Rico operations only.
Calculated as sales less jobber sales, divided by weighted-average
(5) square footage. Weighted-average square footage is determined by
weighting store square footage based on the approximate dates of store
openings, acquisitions, expansions, or closures.
Calculated as sales less jobber sales, divided by weighted-average
(6) stores. Weighted-average stores is determined by weighting stores
based on their approximate dates of openings, acquisitions, or
closures.