Financials in USD. Standardized financial statements.
A compact view of how CarMax, Inc. turns revenue into operating income and net income.
| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $25.88B | $26.35B | $26.54B | $29.68B | $31.90B | $18.95B | $20.32B | $18.17B | $17.12B | $15.88B |
| Revenue Growth? | -1.8% | -0.7% | -10.6% | -6.9% | +68.3% | -6.7% | +11.8% | +6.1% | +7.8% | 0.0% |
| Cost of Revenue? | $23.07B | $23.46B | $23.82B | $26.88B | $28.61B | $16.57B | $17.60B | $15.69B | $14.79B | $13.69B |
| Gross Profit? | $2.81B | $2.90B | $2.71B | $2.80B | $3.29B | $2.38B | $2.72B | $2.48B | $2.33B | $2.18B |
| Gross Margin? | +10.8% | +11.0% | +10.2% | +9.4% | +10.3% | +12.6% | +13.4% | +13.6% | +13.6% | +13.8% |
| Operating Expenses? | $3.22B | $3.12B | $2.92B | $3.11B | $2.74B | $2.11B | $2.17B | $1.92B | $1.62B | $1.49B |
| Operating Income? | -$409.76M | -$220.52M | -$205.72M | -$310.95M | $551.59M | $272.87M | $553.54M | $558.19M | $711.76M | $694.79M |
| EBITDA? | $1.61B | $1.84B | $1.67B | $1.33B | $2.09B | $1.61B | $1.82B | $1.66B | $1.31B | $1.23B |
| Income Before Tax | $383.43M | $669.36M | $641.60M | $636.80M | $1.49B | $965.26M | $1.16B | $1.11B | $1.06B | $1.01B |
| Income Tax Expense | $136.14M | $168.80M | $162.39M | $152.04M | $341.05M | $218.34M | $272.55M | $270.39M | $399.50M | $379.44M |
| Net Income? | $247.29M | $500.56M | $479.20M | $484.76M | $1.15B | $746.92M | $888.43M | $842.41M | $664.11M | $626.97M |
| EPS? | $1.68 | $3.22 | $3.03 | $3.05 | $7.09 | $4.58 | $5.39 | $4.83 | $3.60 | $3.29 |
| Diluted EPS? | $1.68 | $3.21 | $3.02 | $3.03 | $6.97 | $4.52 | $5.33 | $4.79 | $3.60 | $3.26 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality