KMX FY 2026 Earnings Report — CarMax, Inc. Revenue & Financial Results | Market Cap Arena

CarMax, Inc.KMX

FY 2026 Earnings

Reported April 15, 2026NEW

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2026	Prior Q	FY 2025	QoQ Change	YoY Change
Revenue	$25.9B	—	$28.2B	—	-8.2%
Op. Income	$205M	—	$789M	—	-74.0%
Gross Margin	10.8%	—	11.4%	—	-0.6pp
Net Margin	1.0%	—	1.8%	—	-0.8pp
EPS (Diluted)	$1.68	—	$3.21	—	-47.7%
Free Cash Flow	$1.2B	—	$157M	—	694.2%

Revenue Flow

Item	Amount
REVENUE	$25.9B
Cost of Revenue	$23.1B
GROSS PROFIT	$2.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.5B
SG&A Expenses	$2.5B
Other Expenses	$148M
Operating Expenses	$2.6B
Cost & Expenses	$25.7B
OPERATING INCOME	$205M
Interest Income	$0
Interest Expense	$110M
Other Income/Expenses	$179M
INCOME BEFORE TAX	$383M
Income Tax Expense	$136M
Net Income from Continuing Ops	$247M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$247M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$247M
D&A	$274M
EBIT	$495M
EBITDA	$769M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$25.9B
Cost of Revenue	$23.1B
GROSS PROFIT	$2.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.5B
SG&A Expenses	$2.5B
Other Expenses	$148M
Operating Expenses	$2.6B
Cost & Expenses	$25.7B
OPERATING INCOME	$205M
Interest Income	$0
Interest Expense	$110M
Other Income/Expenses	$179M
INCOME BEFORE TAX	$383M
Income Tax Expense	$136M
Net Income from Continuing Ops	$247M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$247M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$247M
D&A	$274M
EBIT	$495M
EBITDA	$769M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$247M
Depreciation & Amortization	$346M
Stock-Based Compensation	$99M
Deferred Income Tax	$74M
Other Non-Cash Items	$1.4B
Change in Working Capital	-$370M
OPERATING CASH FLOW	$1.8B
Capital Expenditure	-$541M
Acquisitions (Net)	$0
Purchases of Investments	-$10M
Sales/Maturities of Investments	$3M
Other Investing Activities	$8M
NET CASH FROM INVESTING	-$540M
Net Debt Issuance	-$683M
Common Stock Repurchased	-$643M
Common Dividends Paid	$0
Other Financing Activities	-$24M
NET CASH FROM FINANCING	-$1.3B
FREE CASH FLOW	$1.2B
Net Change in Cash	-$97M

Balance Sheet

Item	Amount
Cash & Equivalents	$123M
Short-Term Investments	$0
Net Receivables	$204M
Inventory	$4.1B
Other Current Assets	$846M
TOTAL CURRENT ASSETS	$5.3B
PP&E (Net)	$4.1B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$78M
Other Non-Current Assets	$16.9B
TOTAL NON-CURRENT ASSETS	$21.1B
TOTAL ASSETS	$26.4B
Account Payables	$1.1B
Short-Term Debt	$762M
Deferred Revenue	$0
Other Current Liabilities	$57M
TOTAL CURRENT LIABILITIES	$2.4B
Long-Term Debt	$2.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$16.1B
TOTAL NON-CURRENT LIABILITIES	$18.1B
TOTAL LIABILITIES	$20.5B
Common Stock	$71M
Additional Paid-In Capital	$1.8B
Retained Earnings	$4.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$34M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.9B
Minority Interest	$0
TOTAL EQUITY	$5.9B
TOTAL LIABILITIES & EQUITY	$26.4B
Total Debt	$2.8B
Net Debt	$2.6B