# Fundamentals #0052: O'Reilly Automotive: 3Q2026 results

Date: 2026-11-02 09:36
URL: https://heniu.blog/en/f-log/flog-2026-11-02-0052/
Author: Heniu (heniu.blog). Text license: CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/).

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> ⚠️ **ERRATUM (2026-11-02)**  
> **Two items of the company guidance were mislabelled.**
>
> **Corrections:**
> - 5.5% – 6.5% is the guidance for comparable store sales growth, not revenue growth.
> - 19.5% – 20.0% is the guidance for operating margin (operating income as a percentage of sales), not operating income growth.
>
> We corrected the labels in the text; the figures stay the same.

O'Reilly Automotive (ORLY) revenue in the third quarter was 5.12 billion USD (8.8% y/y), and earnings per share (reported) increased to 0.97 USD (12.8% y/y).

### Quarterly results

no data.

### Company guidance

For the full year 2026, the company expects revenue in the range of 19.00 billion USD – 19.30 billion USD, comparable store sales growth at the level of 5.5% – 6.5%, an operating margin (operating income as a percentage of sales) in the range of 19.5% – 20.0%, and gross margin at the level of 51.6% – 52.1%. Additionally, the company forecasts earnings per share in the range of 3.25–3.35 USD, capital expenditures in the order of 1.30 billion USD – 1.40 billion USD, free cash flow at the level of 1.90 billion USD – 2.20 billion USD, and a tax rate of 22.7%.

### What management says

Management expressed great satisfaction with comparable sales results, also after excluding exceptional factors. According to management, customers are in fairly good condition, although higher-income individuals are performing better than lowest-income customers. Management emphasized that new stores being opened in subsequent years are performing very well. According to management, the approach to debt and share buybacks remains unchanged, and the company is focusing on serving customers and gaining market share instead of trying to predict the weather. Management also noted that the industry is behaving rationally in terms of pricing and the company's approach to pricing policy will not change.