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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. AutoZone's retained earnings for the quarter that ended in May. 2026 was $0 Mil.
AutoZone's quarterly retained earnings
declined
from Nov. 2025 ($-3,445 Mil) to Feb. 2026 ($-4,392 Mil) but then
increased
from Feb. 2026 ($-4,392 Mil) to May. 2026 ($0 Mil).
AutoZone's annual retained earnings
declined
from Aug. 2023 ($-2,959 Mil) to Aug. 2024 ($-4,425 Mil) but then
increased
from Aug. 2024 ($-4,425 Mil) to Aug. 2025 ($-3,976 Mil).
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
AutoZone Retained Earnings Historical Data
* Premium members only.
The historical data trend for AutoZone's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
AutoZone (AZO) has a Retained Earnings of $0 Mil as of May. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on AutoZone and its competitors.
Is AutoZone's Retained Earnings too high?
AutoZone's current Retained Earnings is $0 Mil. Overall, AutoZone has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AutoZone's Retained Earnings compare to ORLY and GPC?
AutoZone's Retained Earnings of $0 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for a Vehicles & Parts company?
A good Retained Earnings depends on the Vehicles & Parts industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on AutoZone and its competitors. AutoZone's current Retained Earnings is $0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AutoZone stock overvalued right now?
Based on GuruFocus' analysis, AutoZone (AZO) is currently considered Modestly Undervalued. The stock's GF Value™ is $3,765.91, compared to a current price of $3,061.30 — trading 18.7% below its estimated fair value. The current Retained Earnings is $0 Mil. AutoZone's overall GF Score™ is 84/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For AutoZone (AZO), the current Retained Earnings is $0 Mil as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is AutoZone (AZO) Overvalued in 2026?
Based on GuruFocus' analysis, AutoZone stock appears to be undervalued.
The current stock price of $3,061.30 is trading 18.7% below its estimated GF Value™ of $3,765.91.
GuruFocus considers AutoZone to be Modestly Undervalued.
Key valuation signals for AZO:
Retained Earnings: $0 Mil
GF Value™: $3,765.91 vs. price of $3,061.30 (18.7% below fair value)
No single metric tells the full story. See the AZO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1979, AutoZone is the largest US-based retailer of aftermarket automotive parts and accessories, operating over 7,600 stores and generating roughly $18.9 billion in fiscal 2025 sales. Beyond its primary home market (88% of total revenue), the company also maintains a growing presence in Mexico and Brazil. AutoZone caters to two core customer segments: do-it-yourself, which account for about 69% of its domestic sales, and commercial do-it-for-me customers, which represent the remaining 31%.
84GF Score
Get the complete analysis for AZO
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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