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Advance Auto Parts AAP Reportable — Income Tax Expense Benefit

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Other financials

Income statement

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Revenue$2.6B+1.2%
Gross profit$1.2B+6.4%
Operating income$69.0M+153%
Net income$24.0M0.0%
EPS (diluted)$0.39-2.5%

Balance sheet

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Cash & equivalents$3.0B+76.8%
Total debt$5.2B+42.4%
Total equity$2.2B+0.7%
Total assets$11.8B+11.1%

Cash flow

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Operating cash flow-$19.0M+87.8%
CapEx$56.0M+33.3%
Free cash flow-$75.0M+62.1%

Valuation

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Market cap$3.31B+82.2%

Profitability

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Gross margin44.1%+6.8pp
Operating margin-10.5%
Net margin0.5%+0.3pp
FCF margin-5.2%-13.9pp

Returns & leverage

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Return on equity2%+1.1pp
Debt / equity2.4×+0.7×
Current ratio1.8×+0.5×

Where this comes from

Reported directly by Advance Auto Parts in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Advance Auto Parts’s 10-Q, filed May 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Advance Auto Parts's reportable — income tax expense benefit?
Advance Auto Parts (AAP) reported reportable — income tax expense benefit of $11M in Q1 2026.
How has Advance Auto Parts's reportable — income tax expense benefit changed year-over-year?
Advance Auto Parts's reportable — income tax expense benefit increased by 107.1% year-over-year, from -$155M to $11M.
What is the long-term trend for Advance Auto Parts's reportable — income tax expense benefit?
Over 2 years (2023 to 2025), Advance Auto Parts's reportable — income tax expense benefit has grown at a 329.8% compound annual growth rate (CAGR), from -$17M to -$314M.
What does reportable — income tax expense benefit mean?
Represents the provision for income taxes or the benefit derived from tax credits and adjustments applicable to the segment's earnings. This figure is critical for understanding the segment's effective tax rate and its contribution to the company's overall tax position.