O'Reilly Automotive (ORLY) Q3 2026 Earnings
Includes a $39 million benefit from tariff refunds received during the third quarter
How Did ORLY Stock React to Q3 2026 Earnings?
Did ORLY Beat Earnings? Q3 2026 Results
Yes. O'Reilly Automotive reported Q3 2026 earnings of $0.97 a share on Oct 28, 2026, beating the $0.93 consensus estimate by 4.7%. Revenue was $5.1B against a $5.0B estimate.
O'Reilly Automotive delivered a broad beat in the third quarter of 2026, with GAAP diluted EPS of $0.97 coming in 4.72% ahead of the $0.93 consensus, while revenue of $5.12 billion topped expectations by 2.24% and grew 8.8% year over year. The headline EPS figure includes a $39 million benefit from tariff refunds received during the quarter. The deeper story, though, was broad-based top-line momentum: comparable store sales rose 7.2%, building on 5.6% a year ago for a two-year stack of 12.8%, fueled by double-digit growth in the professional business and mid-single-digit gains in DIY. Gross margin widened to 52.4% from 51.9%, and operating margin expanded to 21.4% from 20.7%. Management raised full-year 2026 guidance in response, now targeting revenue of $19.0 billion to $19.3 billion, diluted EPS of $3.25 to $3.35, and comparable store sales growth of 5.5% to 6.5%, with investors who had been watching <a href="https://247wallst.com/investing/2026/10/24/oreilly-gears-up-for-q3-on-oct-28-can-difm-growth-outrun-a-heavy-10b-acquisition-overhang/">professional sales momentum</a> getting a clear answer from the results.
- Comparable store sales growth of 7.2%, on top of 5.6% in the prior-year quarter (two-year stack of 12.8%)
- Double-digit growth in the professional business
- Mid-single-digit growth in DIY
- Market share gains on both the professional and DIY sides of the business
- $39 million benefit from tariff refunds received during the third quarter
- Gross margin expansion to 52.4% of sales from 51.9%
- SG&A leverage to 30.9% of sales from 31.1%
- Lower diluted share count of 812 million vs. 853 million, driven by share repurchases
“Team O'Reilly's dedication was evident in our strong third quarter comparable store sales increase of 7.2%. This robust growth came on top of strong sales in the third quarter last year, resulting in a two-year stack of 12.8%, and was driven by share gains on both sides of our business, with double-digit growth in our professional business and mid-single digit growth in DIY.”
O'Reilly Automotive CEO, on the earnings call
What Is O'Reilly Automotive's Outlook?
O'Reilly raised its full-year 2026 guidance, incorporating strong Q3 performance, including the tariff refund benefit, and its margin expectations for Q4. Updated targets: net new store openings of 225 to 235; comparable store sales growth of 5.5% to 6.5%; total revenue of $19.0 billion to $19.3 billion; gross margin of 51.6% to 52.1%; operating margin of 19.5% to 20.0%; effective tax rate of 22.7%; diluted EPS of $3.25 to $3.35; operating cash flow of $3.2 billion to $3.6 billion; capital expenditures of $1.3 billion to $1.4 billion; and free cash flow of $1.9 billion to $2.2 billion.
ORLY YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $5.1B | $4.7B | +8.8% |
| Gross Profit | $2.7B | $2.4B | +10.0% |
| Operating Income | $1.1B | $976.1M | +12.5% |
| Net Income | $785.6M | $725.9M | +8.2% |
ORLY Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.