How AutoZone makes money

Period

FY2025

How does AutoZone make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

AutoZone Inc. · FY2025 · year ended 2025-08-30

Revenue$18.9BGross profit$10.0B · 53%Cost of revenue$9.0B · 47%Operating income$3.6B · 19%Operating expenses$6.4B · 34%SG&A$6.4B · 34%Pre-tax income$3.1B · 17%Other expense$476M · 3%Net income$2.5B · 13%Income tax$636M · 3%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.