Filing Flows › Carvana (CVNA) › Operating margin
Carvana (CVNA) operating margin by quarter
Carvana's operating margin was 8.9% in Q3 2026 (third quarter 2026), -0.3 pts from Q2 2026. Over the last 6 quarters it ranged from 8.9% (Q3 2026) to 10.6% (Q2 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 8.9% | -0.3 pts | -0.9 pts |
| Q2 2026 | 9.2% | +0.2 pts | -1.3 pts |
| Q1 2026 | 9.0% | -0.7 pts | -0.3 pts |
| Q3 2025 | 9.8% | -0.8 pts | — |
| Q2 2025 | 10.6% | +1.2 pts | — |
| Q1 2025 | 9.3% | — | — |
Q3 2026 at a glance
Carvana, Q3 2026: revenue $8.0B (+42% year over year), operating margin 8.9%, net earnings $289M, operating cash flow $555M. The chart follows the revenue to costs, profit and cash.
Questions
What is Carvana's operating margin?
Carvana's operating margin was 8.9% in Q3 2026 (third quarter 2026), -0.3 pts from Q2 2026.
How has Carvana's operating margin changed?
Over the last 6 quarters it ranged from 8.9% (Q3 2026) to 10.6% (Q2 2025).