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AutoZone AZO Payments To Acquire Tax Credit Equity Investments

Payments To Acquire Tax Credit Equity Investments at other companies

Enphase Energy logo
Enphase EnergyENPH
$0-100%
Raymond James Financial logo
Raymond James FinancialRJF
$5M-52.4%
Hyatt Hotels logo
Hyatt HotelsH
$17.25M
BancFirst Corporation logo
BancFirst CorporationBANF
$6.01M-53.6%
UMB Financial logo
UMB FinancialUMBF
$8.15M-78.9%
Federal Agricultural Mortgage logo
Federal Agricultural MortgageAGM
$40.74M

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:PaymentsToAcquireTaxCreditEquityInvestments.

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 payments to acquire tax credit equity investments?
AutoZone (AZO) reported payments to acquire tax credit equity investments of $9.22M in Q1 2026.
How has AutoZone's payments to acquire tax credit equity investments changed year-over-year?
AutoZone's payments to acquire tax credit equity investments decreased by 81.7% year-over-year, from $50.42M to $9.22M.
What does payments to acquire tax credit equity investments mean?
Represents cash outflows related to the purchase of equity interests in projects or entities that generate tax credits. These investments are typically strategic moves to reduce future tax liabilities. It reflects a company's use of capital to optimize its effective tax rate.