Filing Flows › Copart (CPRT) › Q1 FY26
Copart (CPRT) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Nov 24, 2025
Copart (CPRT) reported revenue of $1.2B for the first quarter fiscal 2026 (Q1 FY26), +0.7% from a year earlier and +3% from the quarter before. Operating margin was 37.3%, net earnings $404M (35.0% of revenue).
Copart, Q1 FY26: revenue $1.2B (+0.7% year over year), operating margin 37.3%, net earnings $404M, operating cash flow $535M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +3% | +0.7% |
| Operating profit | $431M | +4% | +6% |
| Net earnings | $404M | +2% | +11% |
| Operating cash flow | $535M | +22% | +11% |
| Free cash flow | $423M | +20% | +73% |
What changed
Revenue was $1.2B in Q1 FY26, up 1% year over year and up 3% from the previous quarter. Service was the largest line at 86% of revenue. Service added $0.01B year over year (up 1%), 67% of the total change.
Operating profit was $0.43B, a 37.3% margin (up 1.9 points year over year). Of the extra revenue versus a year earlier, 297% reached operating profit, above the 35% margin then. Total costs fell 2% while revenue rose 1%. Net earnings were $0.40B, up 11% year over year ($0.40B including minority interests, which bore $1.5M of losses). The effective tax rate was 17.4%.
Operating cash flow was $0.54B (up 11% year over year), 133% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.07B. Capital expenditures of $0.11B left free cash flow of $0.42B.
Questions
What was Copart's revenue in the first quarter fiscal 2026?
Copart (CPRT) reported revenue of $1.2B for the first quarter fiscal 2026 (Q1 FY26), +0.7% from a year earlier and +3% from the quarter before.
Was Copart profitable in the first quarter fiscal 2026?
Operating profit was $431M (37.3% of revenue) and net earnings $404M.
Source: Copart 10-Q on SEC EDGAR.