CARMAX, INC.

EDGAR

Annual consolidated revenue for 2026: about USD 25.88B, using the latest reported figures. The previous period, 2025, was about USD 26.35B.

Watchlist

Latest quarter

Revenue

7.88 billion USD

2027 Q2 · USD

Exact inputs and evidence
  • Revenue: 7877900000 USD Source

Net margin

2.1%

2027 Q2 · %

Exact inputs and evidence
  • Net Income: 165287000 USD Source
  • Revenue: 7877900000 USD Source

Operating cash flow

883 million USD

2027 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 900523000 USD Source
  • Operating Cash Flow: 17589000 USD Source

Free cash flow

806 million USD

2027 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: 900523000 USD Source
  • Operating Cash Flow: 17589000 USD Source
  • Capital Expenditure: 180442000 USD Source
  • Capital Expenditure: 103335000 USD Source
Cash and cash equivalents
171 million USD Source
Exact value

170525000 USD

Long-term debt including current maturities
16.8 billion USD Source
Exact value

16785887000 USD

Shares outstanding
142 million shares Source
Exact value

141934489 shares

Reported share-count change

-3.89% · -5.74 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 147673338 shares · 2025-08-31· Source
  • 141934489 shares · 2026-08-31· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

27.6 billion USD

2025-09-01 – 2026-08-31

Exact inputs and evidence
  • Revenue: 5793900000 USD · 2025-09-01 – 2025-11-30 Source
  • Revenue: 25881100000 USD · 2025-03-01 – 2026-02-28 Source
  • Revenue: 19935200000 USD · 2025-03-01 – 2025-11-30 Source
  • Revenue: 8013500000 USD · 2026-03-01 – 2026-05-31 Source
  • Revenue: 7877900000 USD · 2026-06-01 – 2026-08-31 Source

Net income

292 million USD

2025-09-01 – 2026-08-31

Exact inputs and evidence
  • Net income: 62215000 USD · 2025-09-01 – 2025-11-30 Source
  • Net income: 247290000 USD · 2025-03-01 – 2026-02-28 Source
  • Net income: 367974000 USD · 2025-03-01 – 2025-11-30 Source
  • Net income: 185627000 USD · 2026-03-01 – 2026-05-31 Source
  • Net income: 165287000 USD · 2026-06-01 – 2026-08-31 Source

Operating cash flow

1.6 billion USD

2025-09-01 – 2026-08-31

Exact inputs and evidence
  • Operating cash flow: 2338114000 USD · 2025-03-01 – 2025-11-30 Source
  • Operating cash flow: 1085037000 USD · 2025-03-01 – 2025-08-31 Source
  • Operating cash flow: 1783847000 USD · 2025-03-01 – 2026-02-28 Source
  • Operating cash flow: 2338114000 USD · 2025-03-01 – 2025-11-30 Source
  • Operating cash flow: 17589000 USD · 2026-03-01 – 2026-05-31 Source
  • Operating cash flow: 900523000 USD · 2026-03-01 – 2026-08-31 Source
  • Operating cash flow: 17589000 USD · 2026-03-01 – 2026-05-31 Source

Capital expenditure

453 million USD

2025-09-01 – 2026-08-31

Exact inputs and evidence
  • Capital expenditure: 407962000 USD · 2025-03-01 – 2025-11-30 Source
  • Capital expenditure: 268204000 USD · 2025-03-01 – 2025-08-31 Source
  • Capital expenditure: 540989000 USD · 2025-03-01 – 2026-02-28 Source
  • Capital expenditure: 407962000 USD · 2025-03-01 – 2025-11-30 Source
  • Capital expenditure: 103335000 USD · 2026-03-01 – 2026-05-31 Source
  • Capital expenditure: 180442000 USD · 2026-03-01 – 2026-08-31 Source
  • Capital expenditure: 103335000 USD · 2026-03-01 – 2026-05-31 Source

Free cash flow

1.15 billion USD

2025-09-01 – 2026-08-31

Exact inputs and evidence
  • Operating cash flow: 2338114000 USD · 2025-03-01 – 2025-11-30 Source
  • Operating cash flow: 1085037000 USD · 2025-03-01 – 2025-08-31 Source
  • Operating cash flow: 1783847000 USD · 2025-03-01 – 2026-02-28 Source
  • Operating cash flow: 2338114000 USD · 2025-03-01 – 2025-11-30 Source
  • Operating cash flow: 17589000 USD · 2026-03-01 – 2026-05-31 Source
  • Operating cash flow: 900523000 USD · 2026-03-01 – 2026-08-31 Source
  • Operating cash flow: 17589000 USD · 2026-03-01 – 2026-05-31 Source
  • Capital expenditure: 407962000 USD · 2025-03-01 – 2025-11-30 Source
  • Capital expenditure: 268204000 USD · 2025-03-01 – 2025-08-31 Source
  • Capital expenditure: 540989000 USD · 2025-03-01 – 2026-02-28 Source
  • Capital expenditure: 407962000 USD · 2025-03-01 – 2025-11-30 Source
  • Capital expenditure: 103335000 USD · 2026-03-01 – 2026-05-31 Source
  • Capital expenditure: 180442000 USD · 2026-03-01 – 2026-08-31 Source
  • Capital expenditure: 103335000 USD · 2026-03-01 – 2026-05-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-19.

Financial data available through: 2026-02-28.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2026-02-28
  • operating income: No compatible figures in this window
  • Net income: 11 of 11 periods available· newest 2026-02-28
  • Operating cash flow: 11 of 11 periods available· newest 2026-02-28
  • Capital expenditure: 11 of 11 periods available· newest 2026-02-28
  • Total assets: 11 of 11 periods available· newest 2026-02-28
  • Total liabilities: 11 of 11 periods available· newest 2026-02-28
  • Current assets: 11 of 11 periods available· newest 2026-02-28
  • Current liabilities: 11 of 11 periods available· newest 2026-02-28
  • Cash and cash equivalents: 11 of 11 periods available· newest 2026-02-28
  • Long-term debt including current maturities: 8 of 11 periods available· newest 2026-02-28
  • Shares outstanding: 11 of 11 periods available· newest 2026-02-28

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -1.8%

    Prior period

    USD 26.35 billion

    –

    Current period

    USD 25.88 billion

    –

    Exact inputs and evidence

    25881100000 − 26353400000 = -472300000 USD

    26353400000 USD · 2024-03-01 – 2025-02-28

    Inspect prior input Prior source

    25881100000 USD · 2025-03-01 – 2026-02-28

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  • Net income

    -50.6%

    Prior period

    USD 500.56 million

    –

    Current period

    USD 247.29 million

    –

    Exact inputs and evidence

    247290000 − 500556000 = -253266000 USD

    500556000 USD · 2024-03-01 – 2025-02-28

    Inspect prior input Prior source

    247290000 USD · 2025-03-01 – 2026-02-28

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  • Operating cash flow

    +185.7%

    Prior period

    USD 624.44 million

    –

    Current period

    USD 1.78 billion

    –

    Exact inputs and evidence

    1783847000 − 624439000 = 1159408000 USD

    624439000 USD · 2024-03-01 – 2025-02-28

    Inspect prior input Prior source

    1783847000 USD · 2025-03-01 – 2026-02-28

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  • Capital expenditure

    +15.6%

    Prior period

    USD 467.94 million

    –

    Current period

    USD 540.99 million

    –

    Exact inputs and evidence

    540989000 − 467939000 = 73050000 USD

    467939000 USD · 2024-03-01 – 2025-02-28

    Inspect prior input Prior source

    540989000 USD · 2025-03-01 – 2026-02-28

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2026 2025-03-01 – 2026-02-28

  • Revenue USD 25.88 billion 100% of revenue
  • Operating costs Derived Unavailable An input is unavailable.
  • Operating income Unavailable An input is unavailable.
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income USD 247.29 million 1% of revenue

Cash

  • Operating cash flow USD 1.78 billion 6.9% of revenue
  • Capital expenditure USD 540.99 million 2.1% of revenue
  • Free cash flow Derived USD 1.24 billion 4.8% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2017 Not shown: operating income or net income is not reported.
  • 2018 Not shown: operating income or net income is not reported.
  • 2019 Not shown: operating income or net income is not reported.
  • 2020 Not shown: operating income or net income is not reported.
  • 2021 Not shown: operating income or net income is not reported.
  • 2022 Not shown: operating income or net income is not reported.
  • 2023 Not shown: operating income or net income is not reported.
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Not shown: operating income or net income is not reported.
  • 2026 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2017 2016-03-01 – 2017-02-2815875118000 UnavailableUnavailableUnavailable626970000 -873455000 Derived
Source
2018 2017-03-01 – 2018-02-2817120200000 UnavailableUnavailableUnavailable664112000 -377366000 Derived
Source
2019 2018-03-01 – 2019-02-2818173100000 UnavailableUnavailableUnavailable842413000 -141665000 Derived
Source
2020 2019-03-01 – 2020-02-2920320000000 UnavailableUnavailableUnavailable888433000 -568502000 Derived
Source
2021 2020-03-01 – 2021-02-2818950100000 UnavailableUnavailableUnavailable746919000 503224000 Derived
Source
2022 2021-03-01 – 2022-02-2831900400000 UnavailableUnavailableUnavailable1151297000 -2857984000 Derived
Source
2023 2022-03-01 – 2023-02-2829684900000 UnavailableUnavailableUnavailable484762000 860622000 Derived
Source
2024 2023-03-01 – 2024-02-2926536000000 UnavailableUnavailableUnavailable479204000 -6690000 Derived
Source
2025 2024-03-01 – 2025-02-2826353400000 UnavailableUnavailableUnavailable500556000 156500000 Derived
Source
2026 2025-03-01 – 2026-02-2825881100000 UnavailableUnavailableUnavailable247290000 1242858000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 25.9B 2026
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.34.5B25.8B17.2B8.6B0.0201720222026
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Revenue15875118000
2018Revenue17120200000
2019Revenue18173100000
2020Revenue20320000000
2021Revenue18950100000
2022Revenue31900400000
2023Revenue29684900000
2024Revenue26536000000
2025Revenue26353400000
2026Revenue25881100000

Revenue growth

Change in revenue from the same financial period one year earlier.

-1.8% 2026
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.75%52%29%6%-17%201720222026
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2017Year over year4.8%
2018Year over year7.8%
2019Year over year6.2%
2020Year over year11.8%
2021Year over year-6.7%
2022Year over year68.3%
2023Year over year-6.9%
2024Year over year-10.6%
2025Year over year-0.7%
2026Year over year-1.8%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Net margin 1% 2026
Free cash flow margin 4.8% 2026
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.5.9%1.9%-2.1%-6.1%-10.1%2017-02-282022-02-282026-02-28
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2017-02-28Operating marginNot reported
2018-02-28Operating marginNot reported
2019-02-28Operating marginNot reported
2020-02-29Operating marginNot reported
2021-02-28Operating marginNot reported
2022-02-28Operating marginNot reported
2023-02-28Operating marginNot reported
2024-02-29Operating marginNot reported
2025-02-28Operating marginNot reported
2026-02-28Operating marginNot reported
2017Net margin3.9%
2018Net margin3.9%
2019Net margin4.6%
2020Net margin4.4%
2021Net margin3.9%
2022Net margin3.6%
2023Net margin1.6%
2024Net margin1.8%
2025Net margin1.9%
2026Net margin1%
2017Free cash flow margin-5.5%
2018Free cash flow margin-2.2%
2019Free cash flow margin-0.8%
2020Free cash flow margin-2.8%
2021Free cash flow margin2.7%
2022Free cash flow margin-9%
2023Free cash flow margin2.9%
2024Free cash flow margin-0%
2025Free cash flow margin0.6%
2026Free cash flow margin4.8%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 1.8B 2026
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.1B873.9M-382.8M-1.6B-2.9B201720222026
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Operating cash flow-455311000
2018Operating cash flow-80550000
2019Operating cash flow162971000
2020Operating cash flow-236606000
2021Operating cash flow667760000
2022Operating cash flow-2549450000
2023Operating cash flow1283332000
2024Operating cash flow458617000
2025Operating cash flow624439000
2026Operating cash flow1783847000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 1.2B 2026
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.6B381.7M-807.6M-2.0B-3.2B201720222026
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Free cash flow-873455000
2018Free cash flow-377366000
2019Free cash flow-141665000
2020Free cash flow-568502000
2021Free cash flow503224000
2022Free cash flow-2857984000
2023Free cash flow860622000
2024Free cash flow-6690000
2025Free cash flow156500000
2026Free cash flow1242858000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

77.7% 2026
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.89%67%44%22%0%201720222026
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2017Liabilities / assets80.9%
2018Liabilities / assets81%
2019Liabilities / assets82.1%
2020Liabilities / assets82.1%
2021Liabilities / assets79.7%
2022Liabilities / assets80.1%
2023Liabilities / assets78.6%
2024Liabilities / assets77.7%
2025Liabilities / assets77.2%
2026Liabilities / assets77.7%

Current assets to current liabilities

Current assets divided by current liabilities.

2.2× 2026
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.45×2.59×1.73×0.86×0.00×201720222026
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2017Current assets / current liabilities2.6×
2018Current assets / current liabilities2.61×
2019Current assets / current liabilities2.45×
2020Current assets / current liabilities2.39×
2021Current assets / current liabilities2.42×
2022Current assets / current liabilities3.2×
2023Current assets / current liabilities2.6×
2024Current assets / current liabilities2.26×
2025Current assets / current liabilities2.31×
2026Current assets / current liabilities2.2×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2017 2016-03-01 – 2017-02-28
USD 626.97 million
Exact value

Exact value: 626970000 USD

2016-03-01 – 2017-02-28: 626970000 USD Inspect Net Income Open source
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−USD 455.31 million
Exact value

Exact value: -455311000 USD

2016-03-01 – 2017-02-28: -455311000 USD Inspect Operating Cash Flow Open source
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USD 418.14 million
Exact value

Exact value: 418144000 USD

2016-03-01 – 2017-02-28: 418144000 USD Inspect Capital Expenditure Open source
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−USD 873.46 million
Calculation and evidence

-455311000 − 418144000 USD

Exact free cash flow: -873455000 USD

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2018 2017-03-01 – 2018-02-28
USD 664.11 million
Exact value

Exact value: 664112000 USD

2017-03-01 – 2018-02-28: 664112000 USD Inspect Net Income Open source
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−USD 80.55 million
Exact value

Exact value: -80550000 USD

2017-03-01 – 2018-02-28: -80550000 USD Inspect Operating Cash Flow Open source
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USD 296.82 million
Exact value

Exact value: 296816000 USD

2017-03-01 – 2018-02-28: 296816000 USD Inspect Capital Expenditure Open source
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−USD 377.37 million
Calculation and evidence

-80550000 − 296816000 USD

Exact free cash flow: -377366000 USD

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2019 2018-03-01 – 2019-02-28
USD 842.41 million
Exact value

Exact value: 842413000 USD

2018-03-01 – 2019-02-28: 842413000 USD Inspect Net Income Open source
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USD 162.97 million
Exact value

Exact value: 162971000 USD

2018-03-01 – 2019-02-28: 162971000 USD Inspect Operating Cash Flow Open source
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USD 304.64 million
Exact value

Exact value: 304636000 USD

2018-03-01 – 2019-02-28: 304636000 USD Inspect Capital Expenditure Open source
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−USD 141.67 million
Calculation and evidence

162971000 − 304636000 USD

Exact free cash flow: -141665000 USD

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2020 2019-03-01 – 2020-02-29
USD 888.43 million
Exact value

Exact value: 888433000 USD

2019-03-01 – 2020-02-29: 888433000 USD Inspect Net Income Open source
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−USD 236.61 million
Exact value

Exact value: -236606000 USD

2019-03-01 – 2020-02-29: -236606000 USD Inspect Operating Cash Flow Open source
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USD 331.9 million
Exact value

Exact value: 331896000 USD

2019-03-01 – 2020-02-29: 331896000 USD Inspect Capital Expenditure Open source
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−USD 568.5 million
Calculation and evidence

-236606000 − 331896000 USD

Exact free cash flow: -568502000 USD

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2021 2020-03-01 – 2021-02-28
USD 746.92 million
Exact value

Exact value: 746919000 USD

2020-03-01 – 2021-02-28: 746919000 USD Inspect Net Income Open source
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USD 667.76 million
Exact value

Exact value: 667760000 USD

2020-03-01 – 2021-02-28: 667760000 USD Inspect Operating Cash Flow Open source
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USD 164.54 million
Exact value

Exact value: 164536000 USD

2020-03-01 – 2021-02-28: 164536000 USD Inspect Capital Expenditure Open source
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USD 503.22 million
Calculation and evidence

667760000 − 164536000 USD

Exact free cash flow: 503224000 USD

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2022 2021-03-01 – 2022-02-28
USD 1.15 billion
Exact value

Exact value: 1151297000 USD

2021-03-01 – 2022-02-28: 1151297000 USD Inspect Net Income Open source
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−USD 2.55 billion
Exact value

Exact value: -2549450000 USD

2021-03-01 – 2022-02-28: -2549450000 USD Inspect Operating Cash Flow Open source
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USD 308.53 million
Exact value

Exact value: 308534000 USD

2021-03-01 – 2022-02-28: 308534000 USD Inspect Capital Expenditure Open source
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−USD 2.86 billion
Calculation and evidence

-2549450000 − 308534000 USD

Exact free cash flow: -2857984000 USD

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2023 2022-03-01 – 2023-02-28
USD 484.76 million
Exact value

Exact value: 484762000 USD

2022-03-01 – 2023-02-28: 484762000 USD Inspect Net Income Open source
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USD 1.28 billion
Exact value

Exact value: 1283332000 USD

2022-03-01 – 2023-02-28: 1283332000 USD Inspect Operating Cash Flow Open source
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USD 422.71 million
Exact value

Exact value: 422710000 USD

2022-03-01 – 2023-02-28: 422710000 USD Inspect Capital Expenditure Open source
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USD 860.62 million
Calculation and evidence

1283332000 − 422710000 USD

Exact free cash flow: 860622000 USD

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2024 2023-03-01 – 2024-02-29
USD 479.2 million
Exact value

Exact value: 479204000 USD

2023-03-01 – 2024-02-29: 479204000 USD Inspect Net Income Open source
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USD 458.62 million
Exact value

Exact value: 458617000 USD

2023-03-01 – 2024-02-29: 458617000 USD Inspect Operating Cash Flow Open source
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USD 465.31 million
Exact value

Exact value: 465307000 USD

2023-03-01 – 2024-02-29: 465307000 USD Inspect Capital Expenditure Open source
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−USD 6.69 million
Calculation and evidence

458617000 − 465307000 USD

Exact free cash flow: -6690000 USD

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2025 2024-03-01 – 2025-02-28
USD 500.56 million
Exact value

Exact value: 500556000 USD

2024-03-01 – 2025-02-28: 500556000 USD Inspect Net Income Open source
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USD 624.44 million
Exact value

Exact value: 624439000 USD

2024-03-01 – 2025-02-28: 624439000 USD Inspect Operating Cash Flow Open source
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USD 467.94 million
Exact value

Exact value: 467939000 USD

2024-03-01 – 2025-02-28: 467939000 USD Inspect Capital Expenditure Open source
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USD 156.5 million
Calculation and evidence

624439000 − 467939000 USD

Exact free cash flow: 156500000 USD

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2026 2025-03-01 – 2026-02-28
USD 247.29 million
Exact value

Exact value: 247290000 USD

2025-03-01 – 2026-02-28: 247290000 USD Inspect Net Income Open source
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USD 1.78 billion
Exact value

Exact value: 1783847000 USD

2025-03-01 – 2026-02-28: 1783847000 USD Inspect Operating Cash Flow Open source
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USD 540.99 million
Exact value

Exact value: 540989000 USD

2025-03-01 – 2026-02-28: 540989000 USD Inspect Capital Expenditure Open source
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USD 1.24 billion
Calculation and evidence

1783847000 − 540989000 USD

Exact free cash flow: 1242858000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

251 filings · 5,980 latest values · 5,980 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001170010, 1170010, KMX, edgar:1170010

Also known as CARMAX INC, CARMAX, INC.