AutoZone Auto Parts Locations — Rent Expense increased by 102.1% to $234.34M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 8.5%, from $215.94M to $234.34M. This increase may warrant attention — for this metric, lower values are generally preferred.
Rising rent expense relative to revenue may indicate declining store productivity or unfavorable lease renewals.
This represents the lease costs associated with the physical store locations. It reflects the fixed cost burden of maint...
Standard occupancy cost metric for retail companies with leased store portfolios.
azo_segment_auto_parts_locations_rent_expense| Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $102.74M | $102.74M | $102.74M | $102.74M | $114.22M | $114.22M | $114.22M | $114.22M | $107.37M | $215.94M | $115.98M | $234.34M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +11.2% | +0.0% | +0.0% | +0.0% | -6.0% | +101.1% | -46.3% | +102.1% |
| YoY Change | — | — | — | — | +11.2% | +11.2% | +11.2% | +11.2% | -6.0% | +89.1% | +8.0% | +8.5% |