CarMax, Inc. (KMX)

CarMax Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Net Income	222.54	247.29	500.56	479.2	484.76	1,151
Depreciation & Amortization	359.07	345.96	294.8	260.41	265.22	273.19
Asset Writedown & Restructuring Costs	141.26	141.26	-	-	-	-
Stock-Based Compensation	93.98	99.02	134.71	119.72	85.59	109.2
Other Operating Activities	1,061	1,068	94.76	84.76	96.36	110.79
Change in Accounts Receivable	-63.61	-15.72	32.42	77.63	262.2	-288.2
Change in Inventory	-438.41	-202.38	-256.55	48.07	1,398	-1,967
Change in Accounts Payable	39.81	-43.78	71.71	118.51	-197.69	175.11
Change in Other Net Operating Assets	-298.74	-246.89	-582.63	-1,040	-1,429	-2,255
Operating Cash Flow	1,502	1,784	624.44	458.62	1,283	-2,549
Operating Cash Flow Growth	44.18%	185.67%	36.16%	-64.26%	-	-

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Capital Expenditures	-507.59	-540.99	-467.94	-465.31	-422.71	-308.53
Sale of Property, Plant & Equipment	0.43	0.42	0.33	1.35	5.19	0.26
Cash Acquisitions	-	-	-	-	-	-241.56
Divestitures	-	-	-	-	-	12.3
Investment in Securities	-3.34	-7.01	6.6	-3.04	-8.25	13.79
Other Investing Activities	12.01	7.54	-	-	-	-
Investing Cash Flow	-498.48	-540.05	-461	-467	-425.77	-523.75

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Long-Term Debt Issued	-	14,599	13,491	12,515	17,355	22,013
Total Debt Issued	15,302	14,599	13,491	12,515	17,355	22,013
Long-Term Debt Repaid	-	-15,281	-13,569	-12,136	-17,728	-18,391
Total Debt Repaid	-15,961	-15,281	-13,569	-12,136	-17,728	-18,391
Net Debt Issued (Repaid)	-658.89	-682.6	-77.57	378.74	-373.56	3,622
Issuance of Common Stock	0.02	8.35	73.74	44.77	17.09	79.81
Repurchase of Common Stock	-441.07	-642.79	-428.45	-94.09	-333.93	-576.48
Other Financing Activities	-21.38	-24.23	-21.25	-21.63	-19.78	-20.13
Financing Cash Flow	-1,121	-1,341	-453.54	307.79	-710.18	3,105

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Net Cash Flow	-117.91	-97.46	-290.1	299.41	147.39	31.67

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Free Cash Flow	994.31	1,243	156.5	-6.69	860.62	-2,858
Free Cash Flow Growth	83.82%	694.16%	-	-	-	-
Free Cash Flow Margin	3.53%	4.48%	0.56%	-0.02%	2.77%	-8.61%
Free Cash Flow Per Share	6.86	8.42	1.00	-0.04	5.39	-17.30
Levered Free Cash Flow	-160	-88.67	354.98	494.25	1,869	-1,219
Unlevered Free Cash Flow	-86.79	-19.68	422.45	572.22	1,944	-1,160

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	May 31, 2026	Feb 28, 2026	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022
Cash Interest Paid	106.45	106.45	104.93	123.55	122.15	91.69
Cash Income Tax Paid	171.83	171.83	69.6	164.61	152.63	373.23
Change in Working Capital	-760.96	-508.78	-735.05	-796	34.38	-4,336

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Apr 15, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 28, 2026

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