CarMax Income Statement

Financials in millions USD. Fiscal year is March - February.

Millions USD. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Revenue	25,938	26,353	26,536	29,685	31,900	18,950
Revenue Growth (YoY)	-0.15%	-0.69%	-10.61%	-6.94%	68.34%	-6.74%
Cost of Revenue	23,069	23,456	23,823	26,885	28,613	16,571
Gross Profit	2,869	2,898	2,713	2,800	3,288	2,379
Selling, General & Admin	2,453	2,435	2,286	2,487	2,325	1,704
Depreciation & Amortization Expenses	267.01	255.32	239.03	228.45	211.96	194.36
Total Operating Expenses	2,720	2,691	2,525	2,716	2,537	1,899
Operating Income	149.62	207.18	187.8	84.4	750.37	480.35
Interest Income	578.34	581.75	568.27	663.4	801.51	562.81
Interest Expense	-105.78	-107.94	-124.75	-120.4	-94.1	-86.18
Other Non-Operating Income (Expense)	-9.65	-11.62	10.27	9.4	34.57	8.28
Total Non-Operating Income (Expense)	462.9	462.18	453.79	552.41	741.98	484.91
Pretax Income	612.52	669.36	641.6	636.8	1,492	965.26
Provision for Income Taxes	154.68	168.8	162.39	152.04	341.05	218.34
Net Income	457.84	500.56	479.2	484.76	1,151	746.92
Net Income to Common	457.84	500.56	479.2	484.76	1,151	746.92
Net Income Growth	-0.68%	4.46%	-1.15%	-57.89%	54.14%	-15.93%
Shares Outstanding (Basic)	150	155	158	159	162	163
Shares Outstanding (Diluted)	151	156	159	160	165	165
Shares Change (YoY)	-3.97%	-1.67%	-0.67%	-3.27%	0.03%	-1.01%
EPS (Basic)	3.03	3.22	3.03	3.05	7.09	4.58
EPS (Diluted)	3.03	3.21	3.02	3.03	6.97	4.52
EPS Growth	2.71%	6.29%	-0.33%	-56.53%	54.20%	-15.20%
Free Cash Flow	1,949	156.5	-6.69	860.62	-2,858	503.22
Free Cash Flow Growth	1145.31%	-	-	-	-	-
Free Cash Flow Per Share	12.93	1.00	-0.04	5.39	-17.30	3.05
Gross Margin	11.06%	11.00%	10.22%	9.43%	10.31%	12.55%
Operating Margin	0.58%	0.79%	0.71%	0.28%	2.35%	2.53%
Profit Margin	1.77%	1.90%	1.81%	1.63%	3.61%	3.94%
FCF Margin	7.51%	0.59%	-0.03%	2.90%	-8.96%	2.66%
EBITDA	479.28	501.98	448.22	349.62	1,024	722.51
EBITDA Margin	1.85%	1.90%	1.69%	1.18%	3.21%	3.81%
EBIT	149.62	207.18	187.8	84.4	750.37	480.35
EBIT Margin	0.58%	0.79%	0.71%	0.28%	2.35%	2.53%
Effective Tax Rate	25.25%	25.22%	25.31%	23.88%	22.85%	22.62%

Updated Dec 18, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q