O REILLY AUTOMOTIVE INC Earnings Summary — Q1 2026

• Revenue grew 10.2% YoY to $4.56 billion, showing significant acceleration from the prior year's Q1 growth of 4.0%.
• Net income increased by 12.2% YoY, demonstrating high operational leverage as profit growth outpaced revenue gains.
• The professional service provider and DIY segments both continue to contribute to a dominant market position.
• Aggressive capital allocation continues, with shares outstanding decreasing by 2.5% YoY through buybacks.
• Operating margins remain resilient above 18%, despite ongoing tight labor markets and inflationary cost pressures.
• The business model continues to benefit from the essential nature of auto repair and a larger, aging vehicle fleet.

Management remains focused on a dual-market strategy targeting both DIY and professional segments, aiming for high fill rates and inventory optimization to drive market share.

Improving

Revenue growth has accelerated significantly on a YoY basis compared to the same period last year (10.2% vs 4.0%), highlighting stronger demand momentum.

The company is positioned for continued compound growth, leveraging its negative cash conversion cycle and high free cash flow for further footprint expansion and share retirements.