Filing Flows

Filing Flows › Consumer Discretionary › Copart (CPRT)

Copart (CPRT) earnings and revenue breakdown

Latest: Q4 FY26 · 10-K filed Sep 29, 2026 · Copart (CPRT) Q4 FY26 earnings results →

Q4 FY26 Revenue up 2% year over year to $1.2B · 28¢ of every $1 of revenue kept as net profit · operating margin 32.0%

Copart made $1.2B in Q4 FY26 (+2% Y/Y): Service $970M, Product $183M. Operating margin 32.0%, net earnings $327M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-K filed Sep 29, 2026.

Revenue$1.2B
Year over year+2%
Operating margin32.0%
Net earnings$327M
Operating cash flow$358M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $1.2B in Q4 FY26, up 2% year over year and down 7% from the previous quarter. Service was the largest line at 84% of revenue.

Operating profit was $0.37B, a 32.0% margin (down 4.7 points year over year). Operating profit fell $0.04B even though revenue rose $0.03B versus Q4 FY25, so costs grew faster than sales. Total costs grew 10% against revenue growth of 2%. The fastest-growing cost line was General & admin (+16%). Net earnings were $0.33B, down 17% year over year. The effective tax rate was 19.2%.

Operating cash flow was $0.36B (down 18% year over year), 109% of net earnings. Non-cash charges added back $0.07B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.05B. Capital expenditures of $0.08B left free cash flow of $0.28B.

Quarterly history

Copart revenue by quarterCopart revenue by quarter$1.2BQ2 FY25$1.2BQ3 FY25$1.1BQ4 FY25$1.2BQ1 FY26$1.1BQ2 FY26$1.2BQ3 FY26$1.2BQ4 FY26
Copart net earnings by quarterCopart net earnings by quarter$387MQ2 FY25$407MQ3 FY25$396MQ4 FY25$404MQ1 FY26$351MQ2 FY26$402MQ3 FY26$327MQ4 FY26
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q4 FY2610-KSep 29, 2026$1.2B+2%32.0%$327M$358M
Q3 FY2610-QMay 29, 2026$1.2B+2%37.5%$402M$584M
Q2 FY2610-QMar 3, 2026$1.1B-4%34.7%$351M$128M
Q1 FY2610-QNov 24, 2025$1.2B+0.7%37.3%$404M$535M
Q4 FY2510-KSep 26, 2025$1.1B+5%36.7%$396M$438M
Q3 FY2510-QJun 3, 2025$1.2B+8%37.3%$407M$701M
Q2 FY2510-QFeb 26, 2025$1.2B+14%36.6%$387M$178M

Charts

Copart: revenue growth, year over year and quarter over quarterCopart: revenue growth, year over year and quarter over quarterY/YQ/Q+14%Q2 FY25+8%+4%Q3 FY25+5%-7%Q4 FY25+1%+3%Q1 FY26-4%-3%Q2 FY26+2%+10%Q3 FY26+2%-7%Q4 FY26
Latest (Q4 FY26): Y/Y +2%, Q/Q -7%.
Copart: where the cash came from (+) and went (−), FY26Copart: where the cash came from (+) and went (−), FY26Buybacks−$1.6BOperating cash flow$1.6BCash drawn (+) / kept (−)$873MOther investing−$548MCapital spending−$337MShares issued$16.7MOther financing$12.8MAsset & business sales$12.6MExchange rates$7.3MAcquisitions−$5.0MTaxes on employees’ shares−$3.7MNet borrowing (+) / repaid (−)−$60K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Copart: profit against cash, quarter by quarterCopart: profit against cash, quarter by quarterNet incomeOperating cash flow$361M$482MQ1 FY25$387M$178MQ2 FY25$405M$701MQ3 FY25$395M$438MQ4 FY25$402M$535MQ1 FY26$350M$128MQ2 FY26$401M$584MQ3 FY26$327M$358MQ4 FY26
Latest (Q4 FY26): Net income $327M, Operating cash flow $358M.
Copart: diluted shares by fiscal yearCopart: diluted shares by fiscal year961MFY21965MFY22967MFY23975MFY24978MFY25957MFY26
-0.4% since FY21: buybacks shrank the count.
Copart in its industry: growth against margin (16 companies, SIC 5500)Copart in its industry: growth against margin (16 companies, SIC 5500)revenue growth, year over year →↑ operating marginmedian +8%median 4%LADPAGCVNAKMXANMUSACASYGPIABGSAHRUSHACWHOPLNCRMTNXXTCPRT (+2%, 32%)
Retail-Auto Dealers & Gasoline Stations; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

Loading the interactive chart…

🌏Named in Asian annual reportsinteractive

Loading the interactive chart…

🔄Rotation against the market and its industry (RRG)interactive

Loading the interactive chart…

🔍Earnings qualityinteractive

Loading the interactive chart…

⚖️Fair value by methodinteractive

Loading the interactive chart…

🔭Outlook & guidanceinteractive

Loading the interactive chart…

📈Investments: gains and what it boughtinteractive

Loading the interactive chart…

🏭Its industry’s money flow (input-output)interactive

Loading the interactive chart…

About Copart

We were incorporated in California in 1982, became a public company in 1994, and were reincorporated in Delaware in January 2012. Our principal executive offices are located at 14185 Dallas Parkway, Suite 300, Dallas, Texas 75254 and our telephone number is (972) 391-5000. Our website is www.copart.com . The contents of our website are not incorporated by reference into this Form 10-K. We provide free of charge, through a link on our website, access to our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as well as amendments to those reports, as soon as reasonably practical after the reports are electronically filed with, or furnished to, the SEC.

In its own words, from its annual report, filed Sep 26, 2025.

Copart against its Retail-Auto Dealers & Gasoline Stations peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +4%. Operating margin: 32.0% against the peers' median 4.2%.

CompanyQuarterRevenueY/YOp. margin
CPRT CopartQ4 FY26$1.2B+2%32.0%
LAD Lithia MotorsQ3 2026$9.9B+3%4.2%
PAG Penske Automotive GroupQ3 2026$8.4B+4%3.6%
CVNA CarvanaQ3 2026$8.0B+42%8.9%
KMX CarMaxQ2 FY27$7.9B+20%2.8%
AN AutonationQ3 2026$7.0B-0.4%4.5%
MUSA Murphy USAQ3 2026$6.9B+35%3.8%
CASY Caseys General StoresQ1 FY27$5.7B+24%6.1%
GPI Group 1 AutomotiveQ3 2026$5.4B-7%3.7%

Source: Copart 10-K on SEC EDGAR · CIK 900075 · Retail-Auto Dealers & Gasoline Stations

13F: who owns CPRT and who is buying

Largest holders of CPRT (13F)Largest holders of CPRT (13F)Vanguard Group$4.3BBlackRock$1.9BVanguard Capital Management LLC$1.6BState Street$1.1BVanguard Portfolio Management LLC$1.1BInvesco$931MGeode Capital Management, LLC$770MBank of New York Mellon$489MMorgan Stanley$453MCapital World Investors$442M
Funds' net buying of CPRT by quarter (13F)Funds' net buying of CPRT by quarter (13F)$247M2024-09$138M2024-12$794M2025-03$276M2025-06−$716M2025-09$1.0B2025-12−$1.1B2026-03$272M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on CPRT

History

Every quarter: Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results

Compare CPRT with

中文版：Copart（CPRT）财报

Español · Français