Carvana Quarterly Income Statement
NYSE: CVNAConsumer DiscretionaryRetail-Auto Dealers and Gas StationsUSD
At close: Oct 9, 4:03 PM ET · Delayed 15 min
Carvana revenue and earnings
In the quarter ended Jun 30, 2026, Carvana generated $7.38 billion in revenue, up 52.4% from the same quarter a year earlier. Net income was $310.0 million (+69.4% year over year), for a net margin of 4.2% versus a median of 3.9% in the prior 5 quarters. Gross margin was 18.8% (down from 22.0%) and operating margin 9.2%.
Summary generated from market data by MetaCap's automated system. Methodology
Carvana income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.38B | 6.43B | 5.60B | 5.65B | 4.84B | 4.23B | 3.55B | 3.65B | 3.41B | 3.06B | 2.42B | 2.77B |
| Revenue growth (YoY) | +52.40% | +51.98% | +57.96% | +54.50% | +41.94% | +38.26% | +46.33% | +31.81% | +14.89% | +17.46% | -14.56% | -18.10% |
| Cost of Revenue | 5.99B | 5.16B | 4.55B | 4.50B | 3.78B | 3.30B | 2.78B | 2.85B | 2.69B | 2.47B | 2.02B | 2.29B |
| Gross Profit | 1.38B | 1.27B | 1.05B | 1.15B | 1.06B | 929.00M | 763.00M | 807.00M | 715.00M | 591.00M | 402.00M | 482.00M |
| Operating Expenses | 704.00M | 690.00M | 627.00M | 596.00M | 553.00M | 535.00M | 503.00M | 470.00M | 456.00M | 457.00M | 440.00M | 434.00M |
| Selling, General & Admin | 704.00M | 690.00M | 627.00M | 595.00M | 551.00M | 535.00M | 494.00M | 469.00M | 455.00M | 456.00M | 439.00M | 433.00M |
| Operating Income | 680.00M | 581.00M | 424.00M | 552.00M | 511.00M | 394.00M | 260.00M | 337.00M | 259.00M | 134.00M | -38.00M | 48.00M |
| Interest Expense | 101.00M | 99.00M | 98.00M | 125.00M | 143.00M | 139.00M | 148.00M | 157.00M | 173.00M | 173.00M | 165.00M | 153.00M |
| Other Income (Expense) | 0 | -41.00M | -2.16B | -154.00M | -60.00M | 122.00M | 50.00M | -29.00M | -35.00M | 87.00M | 1.00M | -3.00M |
| Income Tax | 66.00M | 36.00M | -2.78B | -4.00M | 0 | 2.00M | -3.00M | -1.00M | 1.00M | -1.00M | -2.00M | 29.00M |
| Net Income | 310.00M | 250.00M | 857.00M | 151.00M | 183.00M | 216.00M | 79.00M | 85.00M | 18.00M | 28.00M | -114.00M | 782.00M |
| Net Income growth (YoY) | +69.40% | +15.74% | +984.81% | +77.65% | +916.67% | +671.43% | — | -89.13% | — | — | — | — |
| EPS (Basic) | — | — | — | — | — | — | — | — | — | 0.24 | -0.87 | 7.05 |
| EPS (Diluted) | — | — | — | — | — | — | — | — | — | 0.24 | -4.24 | 7.05 |
| Shares Outstanding (Basic) | 717.69M | — | — | — | 677.07M | — | — | — | — | — | — | — |
| Shares Outstanding (Diluted) | 739.96M | — | — | — | 716.15M | — | — | — | — | — | — | — |
| Gross Margin | 18.76% | 19.76% | 18.76% | 20.33% | 21.98% | 21.95% | 21.51% | 22.08% | 20.97% | 19.31% | 16.58% | 17.38% |
| Operating Margin | 9.22% | 9.03% | 7.57% | 9.78% | 10.56% | 9.31% | 7.33% | 9.22% | 7.60% | 4.38% | -1.57% | 1.73% |
| Net Margin | 4.20% | 3.89% | 15.30% | 2.67% | 3.78% | 5.10% | 2.23% | 2.33% | 53.00% | 91.00% | -4.70% | 28.20% |
This table shows 12 quarterly periods of Carvana's income statement, from Q2 2026 back to Q3 2023, across 17 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow CVNA's reporting calendar. What is a income statement?