Carvana

CVNA Consumer Discretionary Market cap $78.0B as of Sep 14, 2026 16:03 ET S&P 500

Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 29, 2026

Revenue$7.38B +52% year over year

Gross profit$1.38B 19% margin

Operating profit$0.68B 9% margin

Net profit$0.31B 4% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 30, 2026).
Item	Value	Share of revenue	Year over year
Revenue	7.38	100%	+52%
Used vehicle sales	5.51	75%	+62%
Wholesale sales &	1.34	18%	+31%
Product & service other	0.53	7%	+28%
Cost of revenue	−5.99	81%
Gross profit	1.38	19% margin	−3pp
SG&A	−0.70	10%	−2pp
Operating profit	0.68	9% margin	−1pp
Interest & other costs	−0.30
Tax	−0.07
Net profit	0.31	4% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	6.43	100%	+52%
Used vehicle sales	4.83	75%	+62%
Wholesale sales &	1.08	17%	+25%
Product & service other	0.53	8%	+35%
Cost of revenue	−5.16	80%
Gross profit	1.27	20% margin	−2pp
SG&A	−0.69	11%	−2pp
Operating profit	0.58	9% margin	+0pp
Interest & other costs	−0.30
Tax	−0.04
Net profit	0.25	4% margin	−1pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	5.60	100%	+58%
Used vehicle sales	4.16	74%	+63%
Wholesale sales &	0.99	18%	+46%
Product & service other	0.46	8%	+45%
Cost of revenue	−4.55	81%
Gross profit	1.05	19% margin	−3pp
SG&A	−0.63	11%	−3pp
Operating profit	0.42	8% margin	+0pp
Interest & other costs	−2.35
Tax benefit	2.78
Net profit	0.86	15% margin	+13pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	5.65	100%	+55%
Used vehicle sales	4.00	71%	+57%
Wholesale sales &	1.18	21%	+50%
Product & service other	0.47	8%	+45%
Cost of revenue	−4.50	80%
Gross profit	1.15	20% margin	−2pp
SG&A	−0.60	11%	−2pp
Operating profit	0.55	10% margin	+1pp
Interest & other costs	−0.40
Net profit	0.15	3% margin	+0pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	4.84	100%	+42%
Used vehicle sales	3.41	70%	+41%
Wholesale sales &	1.02	21%	+42%
Product & service other	0.41	9%	+47%
Cost of revenue	−3.78	78%
Gross profit	1.06	22% margin	+1pp
SG&A	−0.55	11%	−2pp
Operating profit	0.51	11% margin	+3pp
Interest & other costs	−0.33
Net profit	0.18	4% margin	+3pp

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Apr 1 – Jun 30, 2026 reported Jul 29, 2026 Operating margin 9% Net profit $0.31B	Apr 1 – Jun 30, 2026	Jul 29, 2026	$7.38B	+52%	9%	$0.31B	4%
Q1 FY26 Jan 1 – Mar 31, 2026 reported Apr 29, 2026 Operating margin 9% Net profit $0.25B	Jan 1 – Mar 31, 2026	Apr 29, 2026	$6.43B	+52%	9%	$0.25B	4%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 18, 2026 Operating margin 8% Net profit $0.86B	Oct 1 – Dec 31, 2025	Feb 18, 2026	$5.60B	+58%	8%	$0.86B	15%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Oct 29, 2025 Operating margin 10% Net profit $0.15B	Jul 1 – Sep 30, 2025	Oct 29, 2025	$5.65B	+55%	10%	$0.15B	3%
Q2 FY25 Apr 1 – Jun 30, 2025 reported Jul 30, 2025 Operating margin 11% Net profit $0.18B	Apr 1 – Jun 30, 2025	Jul 30, 2025	$4.84B	+42%	11%	$0.18B	4%