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Advance Auto Parts AAP Operating Lease Liabilities

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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$3.49B-3.5%
Enterprise value$5.77B+2.8%
P/E79.4×
P/S0.4×0.0×

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:OperatingLeaseLiabilityNoncurrent.

The source filing: Advance Auto Parts’s 10-Q, filed May 21, 2026.

Filed
May 21, 2026, 4:02 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-234388
AssetsApril 25, 2026January 3, 2026
Other current liabilities423443
Total current liabilities4,1074,176
Long-term debt3,4143,412
Operating lease liabilities1,8131,812
Deferred income taxes153142
Other long-term liabilities9986
Total liabilities9,5869,628
Commitments and contingencies (Note 9)

ITEM 1. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Advance Auto Parts's operating lease liabilities?
Advance Auto Parts (AAP) reported operating lease liabilities of $1.81B in Q1 2026.
How has Advance Auto Parts's operating lease liabilities changed year-over-year?
Advance Auto Parts's operating lease liabilities decreased by 3.6% year-over-year, from $1.88B to $1.81B.
What is the long-term trend for Advance Auto Parts's operating lease liabilities?
Over 5 years (2020 to 2025), Advance Auto Parts's operating lease liabilities has grown at a -2.1% compound annual growth rate (CAGR), from $2.01B to $1.81B.
What does operating lease liabilities mean?
Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

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