---
ticker: AZO
company: AZO
filing_type: 10-K
year_current: 2026
year_prior: 2025
risks_added: 12
risks_removed: 13
risks_modified: 44
risks_unchanged: 34
source: SEC EDGAR
url: https://riskdiff.com/azo/2026-vs-2025/
markdown_url: https://riskdiff.com/azo/2026-vs-2025/index.md
access: public_preview
generated: 2026-10-26
---

# AZO: 10-K Risk Factor Changes 2026 vs 2025

> Source: U.S. Securities and Exchange Commission (EDGAR)  
> Generated: 2026-10-26  
> All data extracted directly from official filings. No hallucinated content.

## AI Risk Brief

> **AI interpretation layer.** The brief below was generated by an AI model from the deterministic diff. AI never invents facts.

> **New disclosures highlight macroeconomic and geopolitical shocks, tighter access to credit, and climate-related responses, broadening the risks that could pressure results and financing.**

- **Direction:** More concerning
- **Themes:** China & Geopolitical Exposure, Climate & ESG, Interest Rates & Inflation

---

## Summary

| Status | Count |
|--------|-------|
| New risks added | 12 |
| Risks removed | 13 |
| Risks modified | 44 |
| Unchanged | 34 |

---

## Selected change

This public preview includes one change. Pro access provides the complete comparison and historical data.

## New in Current Filing: Significant changes in macroeconomic and geopolitical factors could materially adversely affect our financial condition and results of operations.

​ Macroeconomic conditions impact both our customers and our suppliers. Moreover, the U.S. government continues to operate under historically large deficits and debt burden. Continued distress in global credit markets, business failures, civil unrest, inflation, rising interest rates, foreign exchange rate fluctuations, significant geopolitical conflicts, proposed or additional tariffs, continued volatility in energy prices, the impact of a public health crisis or pandemic, constraints on the global supply chain, a sustained government shutdown and other factors continue to affect the global economy. Moreover, rising energy prices could impact our merchandise distribution, commercial delivery, utility and product costs. While it is unclear how such factors could impact our business in the short term, over a longer period of time these macroeconomic and geopolitical conditions could adversely affect our sales growth, margins and overhead. These could materially adversely affect our financial condition and operations. ​ Item 1B. Unresolved Staff Comments None. Item 1C. Cybersecurity

---

## Source filings

- [2026 10-K filing on SEC EDGAR](https://www.sec.gov/Archives/edgar/data/866787/000110465926118791/0001104659-26-118791-index.htm)
- [2025 10-K filing on SEC EDGAR](https://www.sec.gov/Archives/edgar/data/866787/000110465925102611/0001104659-25-102611-index.htm)

[View the full comparison with Pro](https://riskdiff.com/azo/2026-vs-2025/full/)

*Data sourced from SEC EDGAR. Last updated 2026-10-26.*