In fiscal 2026, which ended Feb 28, 2026, Carmax, Inc. reported revenue of $25.9 billion, down 1.8% from the year before. Net income was $247.3 million, a profit margin of 1.0%. Diluted earnings per share were $1.68. Over the twelve months ended Aug 31, 2026, revenue was $27.6 billion and net income was $292.4 million. Across the 10 fiscal years shown, revenue grew from $15.9 billion in fiscal 2017 to $25.9 billion in fiscal 2026, about 5.6% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2027
Aug 31, 2026
|
FY 2026
Feb 28, 2026
|
FY 2025
Feb 28, 2025
|
FY 2024
Feb 29, 2024
|
FY 2023
Feb 28, 2023
|
FY 2022
Feb 28, 2022
|
FY 2021
Feb 28, 2021
|
FY 2020
Feb 29, 2020
|
FY 2019
Feb 28, 2019
|
FY 2018
Feb 28, 2018
|
FY 2017
Feb 28, 2017
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
27,631
+4.8%
|
25,881
-1.8%
|
26,353
-0.7%
|
26,536
-10.6%
|
29,685
-6.9%
|
31,900
+68.3%
|
18,950
-6.7%
|
20,320
+11.8%
|
18,173
+6.1%
|
17,120
+7.8%
|
15,875
+4.8%
|
| Cost of revenue |
24,782
+5.9%
|
23,075
-1.6%
|
23,456
-1.5%
|
23,823
-11.4%
|
26,885
-6.0%
|
28,613
+72.7%
|
16,571
-5.8%
|
17,598
+12.1%
|
15,693
+6.1%
|
14,791
+8.0%
|
13,692
+4.3%
|
| Gross profit |
2,849
-3.6%
|
2,807
-3.2%
|
2,898
+6.8%
|
2,713
-3.1%
|
2,800
-14.8%
|
3,288
+38.2%
|
2,379
-12.6%
|
2,722
+9.7%
|
2,481
+6.5%
|
2,329
+6.7%
|
2,183
+8.2%
|
| Selling, general and administrative |
2,456
+0.4%
|
2,453
+0.7%
|
2,435
+6.5%
|
2,286
-8.1%
|
2,487
+7.0%
|
2,325
+36.4%
|
1,704
-2.6%
|
1,750
+1.1%
|
1,730
+7.0%
|
1,617
+8.6%
|
1,489
+10.1%
|
| Pretax income |
455
-34.6%
|
383
-42.7%
|
669
+4.3%
|
642
+0.8%
|
637
-57.3%
|
1,492
+54.6%
|
965
-16.9%
|
1,161
+4.3%
|
1,113
+4.6%
|
1,064
+5.7%
|
1,006
-0.4%
|
| Income tax |
162
-6.7%
|
136
-19.3%
|
169
+3.9%
|
162
+6.8%
|
152
-55.4%
|
341
+56.2%
|
218
-19.9%
|
273
+0.8%
|
270
-32.3%
|
399
+5.3%
|
379
-1.8%
|
| Net income |
292
-43.9%
|
247
-50.6%
|
501
+4.5%
|
479
-1.1%
|
485
-57.9%
|
1,151
+54.1%
|
747
-15.9%
|
888
+5.5%
|
842
+26.8%
|
664
+5.9%
|
627
+0.6%
|
| Basic EPS |
2.05
-40.1%
|
1.68
-47.8%
|
3.22
+6.3%
|
3.03
-0.7%
|
3.05
-57.0%
|
7.09
+54.8%
|
4.58
-15.0%
|
5.39
+11.6%
|
4.83
+32.7%
|
3.64
+10.6%
|
3.29
+7.2%
|
| Diluted EPS |
2.04
-40.0%
|
1.68
-47.7%
|
3.21
+6.3%
|
3.02
-0.3%
|
3.03
-56.5%
|
6.97
+54.2%
|
4.52
-15.2%
|
5.33
+11.3%
|
4.79
+33.1%
|
3.60
+10.4%
|
3.26
+7.6%
|
| Weighted average shares, basic |
143
-6.3%
|
147
-5.2%
|
155
-1.8%
|
158
-0.4%
|
159
-2.2%
|
162
-0.5%
|
163
-1.0%
|
165
-5.5%
|
174
-4.5%
|
183
-4.0%
|
190
-6.4%
|
| Weighted average shares, diluted |
143
-6.4%
|
148
-5.4%
|
156
-1.7%
|
159
-0.7%
|
160
-3.3%
|
165
+0.0%
|
165
-1.0%
|
167
-5.2%
|
176
-4.7%
|
184
-4.0%
|
192
-6.5%
|
| Other measures | |||||||||||
| Depreciation and amortization |
370
+17.0%
|
346
+17.4%
|
295
+13.2%
|
260
-1.8%
|
265
-2.9%
|
273
+12.8%
|
242
+12.2%
|
216
+18.4%
|
182
+1.3%
|
180
+6.6%
|
169
+22.9%
|
| Margins | |||||||||||
| Gross margin |
10.31%
|
10.84%
|
11.00%
|
10.22%
|
9.43%
|
10.31%
|
12.55%
|
13.40%
|
13.65%
|
13.60%
|
13.75%
|
| Pretax margin |
1.65%
|
1.48%
|
2.54%
|
2.42%
|
2.15%
|
4.68%
|
5.09%
|
5.71%
|
6.12%
|
6.21%
|
6.34%
|
| Profit margin |
1.06%
|
0.96%
|
1.90%
|
1.81%
|
1.63%
|
3.61%
|
3.94%
|
4.37%
|
4.64%
|
3.88%
|
3.95%
|
| Effective tax rate |
35.70%
|
35.51%
|
25.22%
|
25.31%
|
23.88%
|
22.85%
|
22.62%
|
23.48%
|
24.30%
|
37.56%
|
37.70%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Retail-Auto Dealers & Gasoline Stations (SIC 5500)
- Listed as
- KMX (NYSE)
- Fiscal year ends
- February 28
- Incorporated in
- VA
- Headquarters
- Richmond, VA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1170010
Other Retail-Auto Dealers & Gasoline Stations companies
- Carvana Co. CVNA
- Copart Inc CPRT
- Caseys General Stores Inc CASY
- Penske Automotive Group, Inc. PAG
- Murphy USA Inc. MUSA
- Lithia Motors Inc LAD
- Autonation, Inc. AN
- Rush Enterprises Inc \tx\ RUSHA
Source: SEC EDGAR filings. This is company-reported data, not investment advice.