O’Reilly Automotive, Inc. (ORLY) Q3 2025 Financial Results Summary
Release Date: October 22, 2025
O’Reilly Automotive, Inc. (Nasdaq: ORLY) reported its third quarter financial results for the period ended September 30, 2025. Below is a summary of the key financial metrics and highlights:
Financial Highlights for Q3 2025
- Comparable Store Sales Growth:
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Increased by 5.6% compared to 1.5% for Q3 2024.
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Operating Income:
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Increased by 9% to $976 million (20.7% of sales) compared to $897 million (20.5% of sales) in Q3 2024.
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Diluted Earnings Per Share (EPS):
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Increased by 12% to $0.85 from $0.76 year-over-year.
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Sales Revenue:
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Rose by 8%, totaling $4.71 billion compared to $4.36 billion in Q3 2024.
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Gross Profit:
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Increased by 8% to $2.44 billion, representing 51.9% of sales, compared to $2.25 billion (51.6% of sales) in Q3 2024.
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Selling, General and Administrative (SG&A) Expenses:
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Increased by 8% to $1.46 billion (31.1% of sales) from $1.35 billion (31.0% of sales) for the same period last year.
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Net Income:
- Increased by 9% to $726 million (15.4% of sales) from $665 million (15.2% of sales) in Q3 2024.
Year-to-Date Financial Results
For the first nine months of 2025:
– Sales:
– Increased by 6% to $13.37 billion compared to $12.61 billion in the same period last year.
- Gross Profit:
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Rose by 7%, totaling $6.89 billion (51.5% of sales), compared to $6.45 billion (51.2% of sales) in 2024.
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SG&A Expenses:
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Increased by 8% to $4.26 billion (31.8% of sales) from $3.94 billion (31.2% of sales) year-over-year.
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Operating Income:
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Increased by 5% to $2.63 billion (19.7% of sales) from $2.51 billion (19.9% of sales).
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Net Income:
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Increased by 5% to $1.93 billion (14.5% of sales), up from $1.84 billion (14.6% of sales) in the previous year.
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Diluted EPS:
- Increased by 8% to $2.25, up from $2.08 in 2024.
Share Repurchase Program
- During Q3 2025, the company repurchased 4.3 million shares of its common stock at an average price of $98.08, totaling $420 million.
- For the first nine months of 2025, a total of 17.6 million shares were repurchased at an average price of $90.95, for a total investment of $1.60 billion.
- A one percent excise tax on shares repurchased amounted to $16.0 million for the nine months ended September 30, 2025.
Dividend Declaration
- The report does not indicate any declaration of a quarterly dividend for Q3 2025.
Updated Full-Year 2025 Guidance
O’Reilly raised its full-year 2025 comparable store sales guidance to 4.0% to 5.0%. The revised guidance includes:
– Total Revenue: Expected between $17.6 billion to $17.8 billion.
– Gross Profit Margin: Expected between 51.2% to 51.7%.
– Operating Income Margin: Expected between 19.2% to 19.7%.
– Effective Income Tax Rate: Downsized to 21.6% from previous estimates.
– Diluted EPS: Projected in the range of $2.90 to $3.00.
Conference Call
O’Reilly will host a conference call on October 23, 2025, at 10:00 a.m. CT to further discuss its financial results and future expectations.
Conclusion
O’Reilly Automotive, Inc. demonstrated solid growth in its Q3 2025 results, marked by significant increases in key financial metrics, effective cost management in SG&A, and strategic share repurchase efforts. The outlook for the full year has improved based on favorable year-to-date performance.
Here are the extracted tables from the press release:
O’REILLY AUTOMOTIVE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (In thousands, except per share data)
| For the Three Months Ended | For the Nine Months Ended | |||
|---|---|---|---|---|
| September 30, 2025 | September 30, 2024 | September 30, 2025 | September 30, 2024 | |
| Sales | 4,705,696 | 4,364,437 | 13,367,678 | 12,612,878 |
| Cost of goods sold, including warehouse and distribution expenses | 2,265,750 | 2,113,212 | 6,479,709 | 6,159,421 |
| Gross profit | 2,439,946 | 2,251,225 | 6,887,969 | 6,453,457 |
| Selling, general and administrative expenses | 1,463,879 | 1,354,497 | 4,255,966 | 3,940,950 |
| Operating income | 976,067 | 896,728 | 2,632,003 | 2,512,507 |
| Other income (expense): | ||||
| Interest expense | (59,566) | (55,166) | (174,467) | (167,145) |
| Interest income | 1,463,879 | 1,354,497 | 4,255,966 | 3,940,950 |
| Other, net | 976,067 | 896,728 | 2,632,003 | 2,512,507 |
| Total other expense | (59,566) | (55,166) | (174,467) | (167,145) |
| Income before income taxes | 1,780 | 2,055 | 5,329 | 5,239 |
| Provision for income taxes | (52,417) | (48,807) | (162,547) | (152,640) |
| Net income | 725,896 | 665,464 | 1,932,976 | 1,835,550 |
| Earnings per share-basic: | $0.86 | $0.76 | $2.26 | $2.09 |
| Weighted-average common shares outstanding – basic | 848,292 | 869,971 | 853,909 | 878,442 |
| Earnings per share-assuming dilution: | $0.85 | $0.76 | $2.25 | $2.08 |
| Weighted-average common shares outstanding – assuming dilution | 852,704 | 875,023 | 858,452 | 884,135 |
O’REILLY AUTOMOTIVE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except share data)
| September 30, 2025 | September 30, 2024 | December 31, 2024 | |
|---|---|---|---|
| Assets | |||
| Current assets: | |||
| Cash and cash equivalents | $204,513 | $115,613 | $130,245 |
| Accounts receivable, net | 422,849 | 401,950 | 356,839 |
| Amounts receivable from suppliers | 178,155 | 154,300 | 139,091 |
| Inventory | 5,610,118 | 4,913,237 | 5,095,804 |
| Other current assets | 181,340 | 113,187 | 117,916 |
| Total current assets | 6,596,975 | 5,698,287 | 5,839,895 |
| Property and equipment, at cost | 9,982,785 | 8,969,137 | 9,192,254 |
| Less: accumulated depreciation and amortization | 3,849,021 | 3,532,755 | 3,587,098 |
| Net property and equipment | 6,133,764 | 5,436,382 | 5,605,156 |
| Operating lease, right-of-use assets | 2,404,612 | 2,269,929 | 2,324,638 |
| Goodwill | 945,587 | 997,226 | 930,161 |
| Other assets, net | 198,689 | 175,698 | 193,891 |
| Total assets | $16,279,627 | $14,577,522 | $14,893,741 |
| Liabilities and shareholders’ deficit | |||
| Current liabilities: | |||
| Accounts payable | $7,060,609 | $6,359,619 | $6,524,811 |
| Self-insurance reserves | 180,138 | 123,505 | 149,387 |
| Accrued payroll | 154,288 | 141,361 | 107,495 |
| Accrued benefits and withholdings | 256,835 | 201,351 | 199,593 |
| Income taxes payable | 10,696 | 206,776 | 6,274 |
| Current portion of operating lease liabilities | 436,672 | 408,571 | 419,213 |
| Other current liabilities | 610,521 | 743,982 | 876,732 |
| Total current liabilities | 8,709,759 | 8,185,165 | 8,283,505 |
| Long-term debt | 5,915,530 | 5,359,810 | 5,520,932 |
| Operating lease liabilities, less current portion | 2,049,454 | 1,938,162 | 1,980,705 |
| Deferred income taxes | 240,728 | 325,869 | 247,599 |
| Other liabilities | 258,832 | 207,580 | 231,961 |
| Shareholders’ equity (deficit): | |||
| Common stock, $0.01 par value: | |||
| Authorized shares – 1,250,000,000 | |||
| Issued and outstanding shares – 846,832,348 as of September 30, 2025, 867,583,800 as of September 30, 2024, and 862,232,760 as of December 31, 2024 | 8,468 | 8,676 | 8,622 |
| Additional paid-in capital | 1,519,584 | 1,441,349 | 1,454,518 |
| Retained deficit | -2,438,352 | -2,875,955 | -2,791,288 |
| Accumulated other comprehensive income (loss) | 15,624 | -13,134 | -42,813 |
| Total shareholders’ deficit | -894,676 | -1,439,064 | -1,370,961 |
| Total liabilities and shareholders’ deficit | $16,279,627 | $14,577,522 | $14,893,741 |
