Filing Flows › Copart (CPRT) › Q2 FY26
Copart (CPRT) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Mar 3, 2026
Copart (CPRT) reported revenue of $1.1B for the second quarter fiscal 2026 (Q2 FY26), -4% from a year earlier and -3% from the quarter before. Operating margin was 34.7%, net earnings $351M (31.3% of revenue).
Copart, Q2 FY26: revenue $1.1B (-4% year over year), operating margin 34.7%, net earnings $351M, operating cash flow $128M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -3% | -4% |
| Operating profit | $389M | -10% | -9% |
| Net earnings | $351M | -13% | -9% |
| Operating cash flow | $128M | -76% | -28% |
| Free cash flow | $57.9M | -86% | 14× |
What changed
Revenue was $1.1B in Q2 FY26, down 4% year over year and down 3% from the previous quarter. Service was the largest line at 85% of revenue. Service lost $0.04B year over year (down 4%), 94% of the total change.
Operating profit was $0.39B, a 34.7% margin (down 2.0 points year over year). Total costs fell 1% while revenue fell 4%. Net earnings were $0.35B, down 9% year over year. The effective tax rate was 20.7%.
Operating cash flow was $0.13B (down 28% year over year), 36% of net earnings. Non-cash charges added back $0.06B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.29B. Capital expenditures of $0.07B left free cash flow of $0.06B.
Questions
What was Copart's revenue in the second quarter fiscal 2026?
Copart (CPRT) reported revenue of $1.1B for the second quarter fiscal 2026 (Q2 FY26), -4% from a year earlier and -3% from the quarter before.
Was Copart profitable in the second quarter fiscal 2026?
Operating profit was $389M (34.7% of revenue) and net earnings $351M.
Source: Copart 10-Q on SEC EDGAR.