Filing Flows › Copart (CPRT) › Q3 FY26 › vs Q2 FY26
Copart (CPRT) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Copart's revenue rose $115M (+10%) from $1.1B in Q2 FY26 to $1.2B in Q3 FY26. The biggest changes: Service +$104M (+11%); Product +$11.4M (+7%). Operating margin 37.5% against 34.7% (+2.9 pts).
Copart, Q3 FY26: revenue $1.2B (+2% year over year), operating margin 37.5%, net earnings $402M, operating cash flow $584M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Operating margin | 37.5% | 34.7% | +2.9 pts |
| Net margin | 32.5% | 31.3% | +1.3 pts |
| Free cash flow margin | 40.7% | 5.2% | +35.5 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Service | $1.1B | $952M | $104M | +11% |
| Product | $181M | $170M | $11.4M | +7% |
| Revenue | $1.2B | $1.1B | $115M | +10% |
| Other income, net | $37.8M | $52.3M | −$14.5M | -28% |
| Operating profit | $464M | $389M | $75.6M | +19% |
| Costs & expenses | $773M | $733M | $39.8M | +5% |
| Pre-tax earnings | $502M | $441M | $61.0M | +14% |
| General & admin | $108M | $104M | $4.2M | +4% |
| Other operating costs | $664M | $629M | $35.6M | +6% |
| Loss borne by minority interests | $1.0M | $765K | $243K | +32% |
| Net earnings | $402M | $351M | $51.7M | +15% |
| Income tax | $101M | $91.1M | $9.6M | +11% |
| Depreciation & amortization | $59.1M | $55.5M | $3.6M | +6% |
| Share-based compensation | $9.5M | $10.2M | −$768K | -8% |
| Working capital & other | $113M | −$289M | $402M | — |
| Operating cash flow | $584M | $128M | $457M | +358% |
| Free cash flow (OCF − capex) | $503M | $57.9M | $445M | +770% |
| Capital expenditures | $80.9M | $69.6M | $11.3M | +16% |
Questions
How much did Copart's revenue grow quarter over quarter in Q3 FY26?
Copart's revenue rose $115M (+10%) from $1.1B in Q2 FY26 to $1.2B in Q3 FY26.
What drove Copart's revenue change in Q3 FY26?
Service +$104M (+11%); Product +$11.4M (+7%).