What is AutoZone's auto parts locations — rent expense?

AutoZone (AZO) reported auto parts locations — rent expense of $356.88M in Q1 2026.

How has AutoZone's auto parts locations — rent expense changed year-over-year?

AutoZone's auto parts locations — rent expense increased by 8.9% year-over-year, from $327.7M to $356.88M.

What does auto parts locations — rent expense mean?

This represents the lease costs associated with the physical store locations. It reflects the fixed cost burden of maintaining a large retail footprint.

AutoZone AZO Auto Parts Locations — Rent Expense

Similar metrics at other companies

ORLYAutomotive Aftermarket Parts — Rent Expense

$119.86M+5.9%

LAD

LADVehicle Operations — Rent and Facility Expense

$202.2M+10.9%

PAGRetail automotive dealership — Rent & related expenses

$105.3M+6.4%

ABGDealerships — Rent and related expenses

$42.5M+100%

SFSTRent expense

$23.25K+2.2%

RLMDRent expense

$10.5K—

Other financials

Income statement

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Revenue$4.8B+8.4%

Gross profit$2.5B+7.3%

Operating income$923.8M+6.6%

Net income$641.5M+5.4%

EPS (diluted)$38.07+7.7%

Balance sheet

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Cash & equivalents$253.7M-5.5%

Total debt$12.6B+3.6%

Total equity-$2.8B+29.9%

Total assets$20.9B+12.3%

Cash flow

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Operating cash flow$2.1B-2.1%

CapEx$997.5M+12.6%

Free cash flow$1.1B-12.3%

Valuation

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Market cap$49.94B-18.3%

Enterprise value$62.32B-14.7%

P/E20.2×-3.7×

P/S2.5×-0.7×

Profitability

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Gross margin51.8%-1.2pp

Operating margin18%-1.6pp

Net margin12.4%-1.2pp

FCF margin25.6%—

Returns & leverage

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Return on equity-73.3%—

Debt / equity-4.5×—

Current ratio0.9×0.0×

Where this comes from

Reported directly by AutoZone in its filing.

Tagged under the XBRL concept azo:RentExpense.

The official record: AutoZone’s 10-Q, filed June 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is AutoZone's auto parts locations — rent expense?: AutoZone (AZO) reported auto parts locations — rent expense of $356.88M in Q1 2026.
How has AutoZone's auto parts locations — rent expense changed year-over-year?: AutoZone's auto parts locations — rent expense increased by 8.9% year-over-year, from $327.7M to $356.88M.
What does auto parts locations — rent expense mean?: This represents the lease costs associated with the physical store locations. It reflects the fixed cost burden of maintaining a large retail footprint.