O’Reilly Automotive, Inc. Reports Fourth Quarter and Full-Year 2025 Results

• Fourth quarter comparable store sales growth of 5.6%, full-year increase of 4.7%

• 13% increase in fourth quarter diluted earnings per share to $0.71, full-year increase of 10% to $2.97

• $2.8 billion net cash provided by operating activities in 2025
  
  

SPRINGFIELD, Mo., Feb. 04, 2026 (GLOBE NEWSWIRE) -- 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 fourth quarter and full-year ended December 31, 2025. The results represent 33 consecutive years of comparable store sales growth and record revenue and operating income for O’Reilly since becoming a public company in April of 1993.

4^th Quarter Financial Results

Brad Beckham, O’Reilly’s CEO, commented, “I would like to thank our over 93,000 Team Members for their tremendous hard work and commitment while delivering a strong finish to 2025. Our Team continues to drive share gains on both sides of our business through excellent customer service and industry-leading parts availability, resulting in our fourth quarter comparable store sales growth of 5.6%. Our top-line results, coupled with strong gross margin performance, drove a 12% increase in operating profit dollars and a 13% increase in diluted earnings per share for the fourth quarter. We are pleased with our Team’s ability to capitalize on the investments we are making in our business and manage operating costs to provide exceptional customer service and capture market share; however, SG&A expenses again exceeded our expectations in the fourth quarter due to pressure from heightened inflation in team member health care and casualty claim costs. We remain intensely focused on managing expenses and mitigating these cost pressures but will always prioritize delivering the service levels and parts availability in our stores that are critical to winning share and driving industry-leading results.”

Sales for the fourth quarter ended December 31, 2025, increased $319 million, or 8%, to $4.41 billion from $4.10 billion for the same period one year ago. Gross profit for the fourth quarter increased 9% to $2.29 billion (or 51.8% of sales) from $2.10 billion (or 51.3% of sales) for the same period one year ago. Selling, general and administrative expenses (“SG&A”) for the fourth quarter increased 7% to $1.46 billion (or 33.0% of sales) from $1.36 billion (or 33.3% of sales) for the same period one year ago. Operating income for the fourth quarter increased 12% to $829 million (or 18.8% of sales) from $739 million (or 18.0% of sales) for the same period one year ago.

Net income for the fourth quarter ended December 31, 2025, increased $54 million, or 10%, to $605 million (or 13.7% of sales) from $551 million (or 13.5% of sales) for the same period one year ago. Diluted earnings per common share for the fourth quarter increased 13% to $0.71 on 848 million shares versus $0.63 on 870 million shares for the same period one year ago. The Company completed a 15-for-1 forward stock split on June 10, 2025, and accordingly all share and per share data in current and comparable periods have been adjusted to reflect the split.

Full-Year Financial Results

Mr. Beckham concluded, “Thanks to our Team’s dedication to providing unsurpassed levels of customer service, 2025 is now O’Reilly’s 33rd consecutive year of annual comparable store sales growth and record revenue and operating income. Our full-year comparable store sales result of 4.7% was at the high end of our revised guidance range of 4.0% to 5.0%. This solid top-line performance translated into a full-year earnings per share increase of 10%. Team O’Reilly also achieved our expansion targets during 2025, opening 207 net, new stores in the U.S., Mexico and Canada, and a new, state-of-the-art greenfield distribution center in Virginia that unlocks exciting store growth opportunities in the mid-Atlantic region. I would like to congratulate Team O’Reilly on their strong performance in 2025, and we look forward to continuing our track record of long-term profitable growth in 2026.”

Sales for the year ended December 31, 2025, increased $1.07 billion, or 6%, to $17.78 billion from $16.71 billion for the same period one year ago. Gross profit for the year ended December 31, 2025, increased 7% to $9.17 billion (or 51.6% of sales) from $8.55 billion (or 51.2% of sales) for the same period one year ago. SG&A for the year ended December 31, 2025, increased 8% to $5.71 billion (or 32.1% of sales) from $5.30 billion (or 31.7% of sales) for the same period one year ago. Operating income for the year ended December 31, 2025, increased 6% to $3.46 billion (or 19.5% of sales) from $3.25 billion (or 19.5% of sales) for the same period one year ago.

Net income for the year ended December 31, 2025, increased $152 million, or 6%, to $2.54 billion (or 14.3% of sales) from $2.39 billion (or 14.3% of sales) for the same period one year ago. Diluted earnings per common share for the year ended December 31, 2025, increased 10% to $2.97 on 856 million shares versus $2.71 on 881 million shares for the same period one year ago.

4^th Quarter and Full-Year 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, as well as sales from Leap Day for the year ended December 31, 2024. 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 5.6% for the fourth quarter ended December 31, 2025, on top of 4.4% for the same period one year ago. Comparable store sales increased 4.7% for the year ended December 31, 2025, on top of 2.9% for the same period one year ago.

Share Repurchase Program

During the fourth quarter ended December 31, 2025, the Company repurchased 5.2 million shares of its common stock, at an average price per share of $96.69, for a total investment of $500 million. During the year ended December 31, 2025, the Company repurchased 22.7 million shares of its common stock, at an average price per share of $92.26, for a total investment of $2.10 billion. Excise tax on shares repurchased, assessed at one percent of the fair market value of shares repurchased, was $21.0 million for the year ended December 31, 2025. Subsequent to the end of the fourth quarter and through the date of this release, the Company repurchased an additional 1.4 million shares of its common stock, at an average price per share of $93.86, for a total investment of $134 million. The Company has repurchased a total of 1.46 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 $18.77, for a total aggregate investment of $27.49 billion. As of the date of this release, the Company had approximately $2.26 billion remaining under its current share repurchase authorizations.

Full-Year 2026 Guidance

The table below outlines the Company’s guidance for selected full-year 2026 financial data:

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, February 5, 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 873967. A replay of the conference call will be available on the Company’s website through Thursday, February 4, 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 December 31, 2025, the Company operated 6,585 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, 2024, 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.