Slide 1: Fourth Quarter and Full Year 2025 Earnings Call Presentation
FEBRUARY 19, 2026 Fourth Quarter and Full Year 2025 Earnings Call Presentation
Slide 2: Forward Looking Statements and Non-GAAP Financial Measures
Forward Looking Statements and Non-GAAP Financial Measures Statements and information in this presentation that are not historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and are made pursuant to the “safe harbor” provisions of such A
Slide 3: Opening Remarks
Opening Remarks JUSTIN JUDE President and Chief Executive Officer
Slide 4: Executing on Strategic Initiatives
Executing on Strategic Initiatives Operational Excellence Maximizing Shareholder Return Over delivered on annual operating cashflow ($1.1 billion) and Invested $40 million in Q4 2025 to repurchase 1.3 million free cashflow(1) ($847 million) shares of common stock North America delivered organic reve
Slide 5: Q4 and FY 2025 Financial Performance Summary
Q4 and FY 2025 Financial Performance Summary ($ in millions, except per share data) Operating Performance(1) Q4 2025 YoY Change YTD 2025 YoY Change Total Revenue $3,312 p 2.7% $13,651 q (1.3)% Organic Parts and Services Revenue Growth (Decline) q (1.7)% q (2.7)% Segment EBITDA(2) $321 q (18.0)% $1,5
Slide 6: Q4 2025 Results
Q4 2025 Results RICK GALLOWAY Senior Vice President and Chief Financial Officer
Slide 7: Consolidated Operating Results – Q4 2025
Consolidated Operating Results – Q4 2025 ($ in millions, except per share data) Parts & Services Organic Total Revenue (1) Growth (Decline) Segment EBITDA $3,226 $3,312 7.8% $392 $321 12.1% 9.7% (0.7)% (1.7)% (4.8)% Q4 2024 Q4 2025 North Europe Specialty Total Q4 2024 Q4 2025 America (2) (3) Diluted
Slide 8: North America – Q4 2025
North America – Q4 2025 ($ in millions) Total Revenue Gross Margin Commentary $1,374 $591 $575 Parts and Services Revenue Change $1,366 • Organic Decline: 0.7% • Acquisitions / Divestitures: 0.1% • Foreign Exchange: 0.1% 43.2% Organic Drivers 41.8% Repairable claims declined approximately 4% to 6% v
Slide 9: Europe – Q4 2025
Europe – Q4 2025 ($ in millions) Total Revenue Gross Margin Commentary $592 $588 Parts and Services Revenue Change $1,511 $1,562 • Organic Decline: 4.8% • Acquisitions / Divestitures: 0.3% • Foreign Exchange: 7.7% 39.2% Organic Drivers 37.6% Lower volumes due to ongoing market conditions, as well as
Slide 10: Specialty – Q4 2025
Specialty – Q4 2025 ($ in millions) Total Revenue Gross Margin Commentary $92 Parts and Services Revenue Change $86 • Organic Growth: 7.8% $377 $349 Organic Drivers Volume growth in our automotive, marine and manufactured product 24.7% 24.5% lines Gross Margin Higher revenue drove increased gross ma
Slide 11: Capital Allocation, Leverage & Liquidity
Capital Allocation, Leverage & Liquidity Key Metrics 2025 Capital Deployment as of December 31, 2025 ($ and shares in millions) Cash $319 Total Debt(1) $3,695 Effective Interest Rate(2) 5.0% Capex Total Leverage Ratio(3) 2.4x $216M Available Liquidity $2,204 Dividends Share Repurchase Program $1,556
Slide 12: Outlook 2026
Outlook 2026(1) (effective only on the date issued: February 19, 2026) 2026 Full Year Outlook Organic P&S Revenue Growth (0.5%) to 1.5% Diluted EPS: GAAP(2) $2.35 to $2.65 Adjusted(2)(3) $2.90 to $3.20 Cash Flow: Operating Cash Flow $900 to $1,100 million Free Cash Flow(4) $700 to $850 million (1) O
Slide 13: Closing Remarks
Closing Remarks JUSTIN JUDE President and Chief Executive Officer
Slide 14: Appendix
Appendix L Ka Keeping you moving
Slide 15: Revenue and Segment EBITDA by segment
Appendix 1 Revenue and Segment EBITDA by segment We have presented Segment EBITDA solely as a supplemental disclosure that offers investors, securities analysts and other interested Three Months Ended December 31, parties useful information to evaluate our segment profit and loss and underlying tren
Slide 16: Reconciliation of Net Income to Segment EBITDA
Appendix 2 Reconciliation of Net Income to Segment EBITDA Three Months Ended Year Ended December 31, December 31, (in millions) 2025 2024 2025 Net income $66 $157 $608 Less: net income attributable to continuing noncontrolling interest — 1 1 Net income attributable to LKQ stockholders $66 $156 $607
Slide 17: Reconciliation of Net Income and Diluted EPS to Adjusted Net Income and Adjusted Diluted EPS
Appendix 3 Reconciliation of Net Income and Diluted EPS to Adjusted Net Income and Adjusted Diluted EPS Three Months Ended Year Ended December 31, December 31, (in millions, except per share data) 2025 2024 2025 Net income $66 $157 $608 Less: net income attributable to continuing noncontrolling inte
Slide 18: Reconciliation of Net Income and Diluted EPS to Adjusted Net Income and Adjusted Diluted EPS
Appendix 3 Reconciliation of Net Income and Diluted EPS to Adjusted Net Income and Adjusted Diluted EPS We have presented Adjusted Net Income and Adjusted Diluted Earnings per Share as we believe these measures are useful for evaluating the core operating performance of our continuing business acros
Slide 19: Forecasted EPS and Free Cash Flow Reconciliation
Appendix 4 Forecasted EPS and Free Cash Flow Reconciliation Forecasted Fiscal Year 2026 (in millions, except per share data) Minimum Outlook Maximum Outlook Net income(1) $600 $677 Adjustments: Amortization of acquired intangibles 128 128 Restructuring and transaction related expenses 65 65 Tax effe
Slide 20: Reconciliations of Net Cash Provided by Operating Activities to Free Cash Flow
Appendix 5 Reconciliations of Net Cash Provided by Operating Activities to Free Cash Flow Year Ended December 31, (in millions) 2025 2024 Net cash provided by operating activities (1) $1,063 $1,121 Less: purchases of property, plant and equipment (1) 216 311 Free cash flow (1) $847 $810 We have pres