Carvana Q3 FY26: where the revenue came from and where it went
The whole income statement of Carvana for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jul 1 – Sep 30, 2026
- Reported
- Oct 28, 2026
Revenue$8.04B
+42% year over year
Gross profit$1.52B
19% margin
Operating profit$0.71B
9% margin
Net profit$0.29B
4% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 8.04 | 100% | +42% |
| Used vehicle sales | 6.14 | 77% | +54% |
| Wholesale sales & | 1.30 | 16% | +11% |
| Product & service other | 0.59 | 7% | +25% |
| Cost of revenue | −6.52 | 81% | |
| Gross profit | 1.52 | 19% margin | −1pp |
| SG&A | −0.81 | 10% | −1pp |
| Operating profit | 0.71 | 9% margin | −1pp |
| Interest & other costs | −0.36 | ||
| Tax | −0.07 | ||
| Net profit | 0.29 | 4% margin | +1pp |
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