Filing Flows › Copart (CPRT) › Q3 FY26
Copart (CPRT) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 29, 2026
Copart (CPRT) reported revenue of $1.2B for the third quarter fiscal 2026 (Q3 FY26), +2% from a year earlier and +10% from the quarter before. Operating margin was 37.5%, net earnings $402M (32.5% of revenue).
Copart, Q3 FY26: revenue $1.2B (+2% year over year), operating margin 37.5%, net earnings $402M, operating cash flow $584M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +10% | +2% |
| Operating profit | $464M | +19% | +3% |
| Net earnings | $402M | +15% | -1% |
| Operating cash flow | $584M | +358% | -17% |
| Free cash flow | $503M | +770% | -12% |
What changed
Revenue was $1.2B in Q3 FY26, up 2% year over year and up 10% from the previous quarter. Service was the largest line at 85% of revenue. Service added $0.02B year over year (up 2%), 84% of the total change.
Operating profit was $0.46B, a 37.5% margin (up 0.3 points year over year). Of the extra revenue versus Q3 FY25, 50% reached operating profit, above the 37% margin then. Total costs grew 2% against revenue growth of 2%. Net earnings were $0.40B, down 1% year over year. The effective tax rate was 20.1%.
Operating cash flow was $0.58B (down 17% year over year), 146% 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 added $0.11B. Capital expenditures of $0.08B left free cash flow of $0.50B.
Questions
What was Copart's revenue in the third quarter fiscal 2026?
Copart (CPRT) reported revenue of $1.2B for the third quarter fiscal 2026 (Q3 FY26), +2% from a year earlier and +10% from the quarter before.
Was Copart profitable in the third quarter fiscal 2026?
Operating profit was $464M (37.5% of revenue) and net earnings $402M.
Source: Copart 10-Q on SEC EDGAR.