CARMAX, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $25.88B | $26.35B | $26.54B | $29.68B | $31.90B | $18.95B | $20.32B | $18.17B |
| Cost of Revenue | $23.07B | $23.46B | $23.82B | $26.88B | $28.61B | $16.57B | $17.60B | $15.69B |
| Gross Profit | $2.81B | $2.90B | $2.71B | $2.80B | $3.29B | $2.38B | $2.72B | $2.48B |
| Gross Margin | 10.8% | 11.0% | 10.2% | 9.4% | 10.3% | 12.6% | 13.4% | 13.6% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $2.45B | $2.44B | $2.29B | $2.49B | $2.33B | $1.70B | $1.75B | $1.73B |
| Operating Income | $493.8M | $777.3M | $766.3M | $757.2M | $1.59B | $1.05B | $1.24B | $1.19B |
| Operating Margin | 1.9% | 2.9% | 2.9% | 2.6% | 5.0% | 5.5% | 6.1% | 6.5% |
| Interest Expense | $110.4M | $107.9M | $124.8M | $120.4M | $94.1M | $86.2M | $83.0M | $75.8M |
| Pretax Income | $383.4M | $669.4M | $641.6M | $636.8M | $1.49B | $965.3M | $1.16B | $1.11B |
| Income Tax Expense | $136.1M | $168.8M | $162.4M | $152.0M | $341.0M | $218.3M | $272.6M | $270.4M |
| Net Income | $247.3M | $500.6M | $479.2M | $484.8M | $1.15B | $746.9M | $888.4M | $842.4M |
| Net Margin | 1.0% | 1.9% | 1.8% | 1.6% | 3.6% | 3.9% | 4.4% | 4.6% |
| EPS (Basic) | $1.68 | $3.22 | $3.03 | $3.05 | $7.09 | $4.58 | $5.39 | $4.83 |
| EPS (Diluted) | $1.68 | $3.21 | $3.02 | $3.03 | $6.97 | $4.52 | $5.33 | $4.79 |
| Shares Outstanding (Basic) | 147.3M | 155.3M | 158.2M | 158.8M | 162.4M | 163.2M | 164.8M | 174.5M |
| Shares Outstanding (Diluted) | 147.6M | 156.1M | 158.7M | 159.8M | 165.2M | 165.1M | 166.8M | 175.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |