AutoZone, Inc.
Explore AutoZone, Inc.
Core profile pages, annual revenue records, and related research hubs for this company.
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AutoZone, Inc.
Explore AutoZone, Inc.
Core profile pages, annual revenue records, and related research hubs for this company.
Annual Revenue
FY2025 Revenue
$18.9B
▲ 10.2% vs FY2024 ($17.2B)
Source: Annual report / company filing
AutoZone, Inc. reported $18.9B in revenue for fiscal year 2025. This represents a growth of 10.2% compared to the 2024 figure of $17.2B.
The company has repurchased approximately $35 billion of its own stock over that period, converting operating cash flow into per-share earnings growth with a discipline that Warren Buffett has publicly praised. The company generated $17.18 billion in net sales for the fiscal year ended August 31, 2024 — a 5.7% increase from the prior year — by operating 7,140 stores across the United States, Mexico, and Brazil. The company turns inventory 1.5 times per year but pays suppliers on 60-90 day terms, generating $2.85 billion in annual cash from operations that is structurally separate from net income. Revenue grew from $15.88 billion in FY2022 to $17.18 billion in FY2024, steady 5-8% annual growth that tracks the age of the US vehicle fleet — older vehicles require more parts and maintenance, and the average vehicle age in the US has been rising for over a decade. Net income of $2.39 billion represents a 13.9% net margin on retail revenue, exceptional for a business with physical stores and inventory overhead. Market capitalization of approximately $54 billion against $17.18 billion in revenue prices AutoZone at 3.1x revenue — modest for a company with 13.9% net margins and a compounding buyback program. The buyback arithmetic is important: at this pace of share retirement, earnings per share grow materially faster than total net income, and the company has delivered EPS growth in excess of net income growth for two decades.
| Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2025 | $18.9B | — | +10.2% |
| FY2024 | $17.2B | $2.4B | +5.7% |
| FY2023 | $16.3B | — | +2.3% |
| FY2022 | $15.9B | — | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.