CarMax Quarterly Income Statement
NYSE: KMXConsumer DiscretionaryRetail-Auto Dealers and Gas StationsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
CarMax revenue and earnings
In the quarter ended Aug 31, 2026, CarMax generated $7.88 billion in revenue, up 19.5% from the same quarter a year earlier. Net income was $165.3 million (+73.3% year over year), for a net margin of 2.1% versus a median of 1.4% in the prior 5 quarters. Gross margin was 10.1% (down from 10.9%).
Diluted earnings per share came in at $1.16, up from $0.64.
Summary generated from market data by MetaCap's automated system. Methodology
CarMax income statement (quarterly)
| Quarter (USD) | Q2 20272026-08-31 | Q1 20272026-05-31 | Q4 20262026-02-28 | Q3 20262025-11-30 | Q2 20262025-08-31 | Q1 20262025-05-31 | Q4 20252025-02-28 | Q3 20252024-11-30 | Q2 20252024-08-31 | Q1 20252024-05-31 | Q4 20242024-02-29 | Q3 20242023-11-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.88B | 8.01B | 5.95B | 5.79B | 6.59B | 7.55B | 6.00B | 6.22B | 7.01B | 7.11B | 5.63B | 6.15B |
| Revenue growth (YoY) | +19.46% | +6.19% | -0.95% | -6.90% | -5.97% | +6.09% | +6.69% | +1.22% | -0.85% | -7.46% | -1.68% | -5.49% |
| Cost of Revenue | 7.08B | 7.16B | 5.34B | 5.20B | 5.88B | 6.65B | 5.34B | 5.55B | 6.25B | 6.32B | 5.04B | 5.54B |
| Gross Profit | 799.46M | 854.41M | 605.26M | 590.05M | 717.67M | 893.62M | 667.89M | 677.65M | 760.47M | 791.89M | 586.19M | 612.86M |
| Selling, General & Admin | 628.58M | 635.17M | 611.31M | 581.37M | 601.09M | 659.64M | 610.50M | 575.76M | 610.56M | 638.58M | 580.88M | 559.96M |
| Interest Expense | 31.83M | 33.81M | 28.75M | 26.12M | 28.45M | 27.07M | 24.14M | 25.42M | 27.02M | 31.36M | 31.43M | 31.27M |
| Other Income (Expense) | 18.55M | 2.10M | 7.60M | -4.47M | 3.62M | 309.00K | 14.13M | -5.37M | 3.28M | -416.00K | -15.00M | 886.00K |
| Pretax Income | 223.07M | 258.56M | -110.68M | 83.89M | 127.10M | 283.13M | 118.40M | 166.47M | 177.84M | 206.64M | 65.51M | 110.56M |
| Income Tax | 57.78M | 72.93M | 10.00M | 21.67M | 31.72M | 72.75M | 28.54M | 41.03M | 45.03M | 54.20M | 15.24M | 28.55M |
| Net Income | 165.29M | 185.63M | -120.68M | 62.22M | 95.38M | 210.38M | 89.87M | 125.44M | 132.81M | 152.44M | 50.27M | 82.00M |
| Net Income growth (YoY) | +73.30% | -11.77% | -234.29% | -50.40% | -28.18% | +38.01% | +78.77% | +52.97% | +11.95% | -33.23% | -27.16% | +118.21% |
| EPS (Basic) | 1.16 | 1.31 | -0.77 | 0.43 | 0.64 | 1.38 | 0.59 | 0.81 | 0.85 | 0.97 | 0.32 | 0.52 |
| EPS (Diluted) | 1.16 | 1.31 | -0.77 | 0.43 | 0.64 | 1.38 | 0.58 | 0.81 | 0.85 | 0.97 | 0.31 | 0.52 |
| Shares Outstanding (Basic) | 141.93M | 141.85M | — | 145.55M | 149.29M | 152.14M | — | 154.58M | 155.87M | 157.16M | — | 158.45M |
| Shares Outstanding (Diluted) | 142.45M | 142.15M | — | 145.86M | 149.64M | 152.61M | — | 155.26M | 156.53M | 157.71M | — | 158.80M |
| Gross Margin | 10.15% | 10.66% | 10.18% | 10.18% | 10.88% | 11.84% | 11.13% | 10.89% | 10.84% | 11.13% | 10.42% | 9.97% |
| Net Margin | 2.10% | 2.32% | -2.03% | 107.00% | 145.00% | 2.79% | 150.00% | 2.02% | 1.89% | 2.14% | 89.00% | 133.00% |
This table shows 12 quarterly periods of CarMax's income statement, from Q2 2027 back to Q3 2024, 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?