CarMax Financial Statements
NYSE: KMXConsumer DiscretionaryRetail-Auto Dealers and Gas StationsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
CarMax revenue and earnings
In fiscal 2026, CarMax generated $25.88 billion in revenue, down 1.8% from fiscal 2025, its first annual decline since 2025. Net income was $247.3 million (-50.6% year over year), for a net margin of 1.0% versus a median of 1.9% in the prior 5 years. Gross margin was 10.8% (down from 11.0%).
Diluted earnings per share came in at $1.68, down from $3.21. Over the last 5 fiscal years, KMX's revenue has grown at a 6.4% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
CarMax income statement (annual)
| Fiscal year (USD) | FY 20262026-02-28 | FY 20252025-02-28 | FY 20242024-02-29 | FY 20232023-02-28 | FY 20222022-02-28 | FY 20212021-02-28 | FY 20202020-02-29 | FY 20192019-02-28 | FY 20182018-02-28 | FY 20172017-02-28 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 25.88B | 26.35B | 26.54B | 29.68B | 31.90B | 18.95B | 20.32B | 18.17B | 17.12B | 15.88B |
| Revenue growth (YoY) | -1.79% | -0.69% | -10.61% | -6.95% | +68.34% | -6.74% | +11.81% | +6.15% | +7.84% | +4.79% |
| 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 |
| Selling, General & Admin | 2.45B | 2.44B | 2.29B | 2.49B | 2.33B | 1.70B | 1.75B | 1.73B | 1.62B | 1.49B |
| Interest Expense | 110.39M | 107.94M | 124.75M | 120.40M | 94.09M | 86.18M | 83.01M | 75.79M | 70.75M | 56.42M |
| Other Income (Expense) | 7.07M | 11.62M | -10.27M | -9.40M | -34.57M | -8.28M | -5.69M | -408.00K | 1.36M | -953.00K |
| Pretax Income | 383.43M | 669.36M | 641.60M | 636.80M | 1.49B | 965.26M | 1.16B | 1.11B | 1.06B | 1.01B |
| Income Tax | 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 |
| Net Income growth (YoY) | -50.60% | +4.46% | -1.15% | -57.89% | +54.14% | -15.93% | +5.46% | +26.85% | +5.92% | +0.57% |
| EPS (Basic) | 1.68 | 3.22 | 3.03 | 3.05 | 7.09 | 4.58 | 5.39 | 4.83 | 3.64 | 3.29 |
| EPS (Diluted) | 1.68 | 3.21 | 3.02 | 3.03 | 6.97 | 4.52 | 5.33 | 4.79 | 3.60 | 3.26 |
| Shares Outstanding (Basic) | 147.26M | 155.33M | 158.22M | 158.80M | 162.41M | 163.18M | 164.84M | 174.46M | 182.66M | 190.34M |
| Shares Outstanding (Diluted) | 147.61M | 156.06M | 158.71M | 159.77M | 165.18M | 165.13M | 166.82M | 175.88M | 184.47M | 192.22M |
| Gross Margin | 10.84% | 11.00% | 10.22% | 9.43% | 10.31% | 12.55% | 13.40% | 13.65% | 13.60% | 13.75% |
| Net Margin | 96.00% | 1.90% | 1.81% | 1.63% | 3.61% | 3.94% | 4.37% | 4.64% | 3.88% | 3.95% |
This table shows 10 annual periods of CarMax's income statement, from FY 2026 back to FY 2017, across 15 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow KMX's reporting calendar. What is a income statement?