Carmax Inc financials

Key figures from Carmax Inc's filings with the U.S. Securities and Exchange Commission: the latest quarter against a year earlier, and the trend across recent quarters and fiscal years.

Latest quarter vs a year earlier

MetricAug 2026Aug 2025Change
Revenue$7.9B$6.6B+19.5%
Net income$165M$95M+73.3%
Free cash flow$806M$654M+23.2%
Gross margin10.1%10.9%-0.7 pts
Operating margin———
Net margin2.1%1.4%+0.7 pts

Quarterly trend

Revenue by quarter
$6.1BNov 2023$5.6BFeb 2024*$7.1BMay 2024$7.0BAug 2024$6.2BNov 2024$6.0BFeb 2025*$7.5BMay 2025$6.6BAug 2025$5.8BNov 2025$5.9BFeb 2026*$8.0BMay 2026$7.9BAug 2026
Net income by quarter
$82MNov 2023$50MFeb 2024*$152MMay 2024$133MAug 2024$125MNov 2024$90MFeb 2025*$210MMay 2025$95MAug 2025$62MNov 2025-$121MFeb 2026*$186MMay 2026$165MAug 2026
Free cash flow by quarter
$65MNov 2023$200MFeb 2024*-$222MMay 2024$510MAug 2024-$151MNov 2024$19MFeb 2025*$163MMay 2025$654MAug 2025$1.1BNov 2025-$687MFeb 2026*-$86MMay 2026$806MAug 2026
Margins by quarter
-4%5%14%Nov 2023Feb 2024*May 2024Aug 2024Nov 2024Feb 2025*May 2025Aug 2025Nov 2025Feb 2026*May 2026Aug 202610.0%10.4%11.1%10.8%10.9%11.1%11.8%10.9%10.2%10.2%10.7%10.1%1.3%0.9%2.1%1.9%2.0%1.5%2.8%1.4%1.1%-2.0%2.3%2.1%

Fiscal years

Fiscal yearRevenueNet incomeNet marginFree cash flowEPS (diluted)
FY Feb 2026$25.9B$247M1.0%$1.2B$1.68
FY Feb 2025$26.4B$501M1.9%$157M$3.21
FY Feb 2024$26.5B$479M1.8%-$7M$3.02
FY Feb 2023$29.7B$485M1.6%$861M$3.03
FY Feb 2022$31.9B$1.2B3.6%-$2.9B$6.97

* Fiscal fourth quarter computed from the annual filing minus the three reported quarters. All figures from company filings with the SEC.

This content is for informational purposes only and is not investment advice. Always do your own research before making financial decisions.