O’Reilly earnings: date, guidance and results
O’Reilly’s next results are expected on October 28, 2026. Watch whether sales growth converts into enough cash while investment and claims costs remain high.
What has O’Reilly guided for the year?
The pressure is that price growth is fading. In Q2 2026, same-item inflation contributed 5.5% to average tickets, while DIY transaction counts fell by a low-single-digit percentage. Management expects the inflation benefit to shrink to 1%–2% in the second half of 2026, so O’Reilly will need more visits, parts sold, or professional-shop orders.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| Net, new store openings | Year to Dec 2026 | 225 | 235 | Jul 29, 2026 |
| Comparable store sales | Year to Dec 2026 | 4.0% | 6.0% | Jul 29, 2026 |
| Total revenue | Year to Dec 2026 | 18,900,000 | 19,200,000 | Jul 29, 2026 |
| Operating income as a percentage of sales | Year to Dec 2026 | 19.3% | 19.8% | Jul 29, 2026 |
| Diluted earnings per share | Year to Dec 2026 | 3.20 | 3.30 | Jul 29, 2026 |
| Capital expenditures | Year to Dec 2026 | 1,300,000 | 1,400,000 | Jul 29, 2026 |
What this means. The company’s free cash flow is lower than the simple calculation because it also subtracts tax benefits from employee share payments.
Did O’Reilly keep its past promises?
The clearest promise is profitable expansion. O’Reilly met its 2025 store-growth target, and its 2026 plan calls for more stores alongside distribution investment. The final test is whether those stores and that network earn returns that justify the cash committed.
How have O’Reilly’s revenue and profit trended?
Revenue, operating income, net income, and diluted earnings per share all rose from the same quarter of 2025. Gross margin held steady. Earnings per share grew faster than net income partly because share repurchases left fewer shares outstanding.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,892,013 | 4,560,539 | 4,414,314 | 4,705,696 | 4,525,058 | 4,136,924 | 4,095,601 | 4,364,437 |
| Gross margin | 51.4% | 51.5% | 51.8% | 51.9% | 51.4% | 51.3% | 51.3% | 51.6% |
| Operating income | 985,746 | 841,608 | 828,609 | 976,067 | 914,470 | 741,466 | 738,650 | 896,728 |
| Net income | 715,064 | 604,181 | 605,233 | 725,896 | 668,595 | 538,485 | 551,130 | 665,464 |
| EPS, diluted | 0.86 | 0.72 | 0.71 | 0.85 | 0.78 | 0.62 | 0.63 | 0.76 |
What this means. These numbers are for each three-month quarter, even though some row descriptions say “the year.”
What should I watch in O’Reilly’s next results?
The Q3 2026 results release and conference call should show whether sales hold as the same-item price benefit moderates. They should also show whether DIY transaction counts recover and whether professional-shop demand is strong enough to carry more of the growth.
Cash flow deserves equal attention. O’Reilly must fund stores, distribution capacity, inventory, supplier payments and debt while deciding how much capital to return through buybacks. A strong earnings-per-share result will be less convincing if cash generation falls behind those demands.