Carmax annual free cash flow
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2010
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2022
2023
2024
2025
2026
Carmax Free Cash Flow (FCF) History (KMX)
Carmax reported $1.24B in free cash flow for fiscal 2026, an increase of 694.16% from the previous fiscal year, with a free cash flow margin of 4.80%.
View full Carmax company overviewCarmax free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2026 | 2026-02-28 | $1.24B | $1.09B | +694.16% | +4.80% |
| 2025 | 2025-02-28 | $156.5M | $163.2M | — | +0.59% |
| 2024 | 2024-02-29 | −$6.7M | −$867.3M | — | −0.03% |
| 2023 | 2023-02-28 | $860.6M | $3.72B | — | +2.90% |
| 2022 | 2022-02-28 | −$2.86B | −$3.36B | — | −8.96% |
| 2021 | 2021-02-28 | $503.2M | $1.07B | — | +2.66% |
| 2020 | 2020-02-29 | −$568.5M | −$426.8M | — | −2.80% |
| 2019 | 2019-02-28 | −$141.7M | $235.7M | — | −0.78% |
| 2018 | 2018-02-28 | −$377.4M | $496.1M | — | −2.20% |
| 2017 | 2017-02-28 | −$873.5M | −$441.1M | — | −5.50% |
| 2016 | 2016-02-29 | −$432.3M | $845.6M | — | −2.85% |
| 2015 | 2015-02-28 | −$1.28B | −$354.5M | — | −8.96% |
| 2014 | 2014-02-28 | −$923.5M | $90.7M | — | −7.34% |
| 2013 | 2013-02-28 | −$1.01B | −$779.4M | — | −9.25% |
| 2012 | 2012-02-29 | −$234.8M | −$151.4M | — | −2.35% |
| 2011 | 2011-02-28 | −$83.3M | −$120.4M | — | −0.93% |
| 2010 | 2010-02-28 | $37.1M | −$41.8M | −52.99% | +0.50% |
| 2009 | 2009-02-28 | $78.9M | — | — | +1.13% |
Carmax quarterly free cash flow
Q3.10
Q1.11
Q2.11
Q3.11
Q4.11
Q1.12
Q2.12
Q3.12
Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q2.14
Q3.14
Q4.14
Q1.15
Q2.15
Q3.15
Q4.15
Q1.16
Q2.16
Q3.16
Q4.16
Q1.17
Q2.17
Q3.17
Q4.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
Q4.26
Q1.27
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q1 2027 | 2026-05-31 | −$85.7M | −$248.6M | — | −1.07% |
| Q4 2026 | 2026-02-28 | −$687.3M | −$706.1M | — | −11.56% |
| Q3 2026 | 2025-11-30 | $1.11B | $1.26B | — | +19.22% |
| Q2 2026 | 2025-08-31 | $654.0M | $144.1M | +28.27% | +9.92% |
| Q1 2026 | 2025-05-31 | $162.8M | $384.4M | — | +2.16% |
| Q4 2025 | 2025-02-28 | $18.8M | −$181.0M | −90.61% | +0.31% |
| Q3 2025 | 2024-11-30 | −$150.6M | −$215.4M | — | −2.42% |
| Q2 2025 | 2024-08-31 | $509.9M | $459.2M | +905.37% | +7.27% |
| Q1 2025 | 2024-05-31 | −$221.6M | $100.4M | — | −3.12% |
| Q4 2024 | 2024-02-29 | $199.8M | $681.7M | — | +3.55% |
| Q3 2024 | 2023-11-30 | $64.8M | −$1.00B | −93.93% | +1.05% |
| Q2 2024 | 2023-08-31 | $50.7M | $211.7M | — | +0.72% |
| Q1 2024 | 2023-05-31 | −$322.0M | −$758.1M | — | −4.19% |
| Q4 2023 | 2023-02-28 | −$482.0M | $66.5M | — | −8.42% |
| Q3 2023 | 2022-11-30 | $1.07B | $1.85B | — | +16.41% |
| Q2 2023 | 2022-08-31 | −$161.0M | $1.19B | — | −1.98% |
| Q1 2023 | 2022-05-31 | $436.1M | $607.2M | — | +4.68% |
| Q4 2022 | 2022-02-28 | −$548.4M | −$307.2M | — | −7.13% |
| Q3 2022 | 2021-11-30 | −$786.4M | −$733.0M | — | −9.22% |
| Q2 2022 | 2021-08-31 | −$1.35B | −$963.2M | — | −16.93% |
| Q1 2022 | 2021-05-31 | −$171.0M | −$1.36B | — | −2.22% |
| Q4 2021 | 2021-02-28 | −$241.2M | −$39.8M | — | −4.67% |
| Q3 2021 | 2020-11-30 | −$53.3M | $16.9M | — | −1.03% |
| Q2 2021 | 2020-08-31 | −$388.9M | −$127.9M | — | −7.24% |
| Q1 2021 | 2020-05-31 | $1.19B | $1.22B | — | +36.75% |
| Q4 2020 | 2020-02-29 | −$201.4M | −$188.4M | — | −4.06% |
| Q3 2020 | 2019-11-30 | −$70.3M | −$1.8M | — | −1.47% |
| Q2 2020 | 2019-08-31 | −$261.0M | −$49.7M | — | −5.02% |
| Q1 2020 | 2019-05-31 | −$35.8M | −$186.9M | — | −0.67% |
| Q4 2019 | 2019-02-28 | −$13.0M | −$56.3M | — | −0.30% |
| Q3 2019 | 2018-11-30 | −$68.5M | $278.2M | — | −1.59% |
| Q2 2019 | 2018-08-31 | −$211.4M | −$25.3M | — | −4.43% |
| Q1 2019 | 2018-05-31 | $151.1M | $39.1M | +34.84% | +3.15% |
| Q4 2018 | 2018-02-28 | $43.3M | $265.2M | — | +1.06% |
| Q3 2018 | 2017-11-30 | −$346.7M | $57.3M | — | −8.44% |
| Q2 2018 | 2017-08-31 | −$186.1M | $51.6M | — | −4.24% |
| Q1 2018 | 2017-05-31 | $112.1M | $121.9M | — | +2.47% |
| Q4 2017 | 2017-02-28 | −$221.9M | −$411.9M | — | −5.48% |
| Q3 2017 | 2016-11-30 | −$404.0M | −$12.1M | — | −10.91% |
| Q2 2017 | 2016-08-31 | −$237.7M | $50.8M | — | −5.95% |
| Q1 2017 | 2016-05-31 | −$9.9M | −$68.0M | — | −0.24% |
| Q4 2016 | 2016-02-29 | $190.1M | $444.5M | — | +5.13% |
| Q3 2016 | 2015-11-30 | −$391.9M | $59.6M | — | −11.06% |
| Q2 2016 | 2015-08-31 | −$288.6M | $20.5M | — | −7.43% |
| Q1 2016 | 2015-05-31 | $58.1M | $320.9M | — | +1.45% |
| Q4 2015 | 2015-02-28 | −$254.5M | −$37.0M | — | −7.24% |
| Q3 2015 | 2014-11-30 | −$451.6M | −$145.1M | — | −13.26% |
| Q2 2015 | 2014-08-31 | −$309.1M | −$29.1M | — | −8.59% |
| Q1 2015 | 2014-05-31 | −$262.8M | −$143.2M | — | −7.01% |
| Q4 2014 | 2014-02-28 | −$217.4M | $112.5M | — | −7.07% |
| Q3 2014 | 2013-11-30 | −$306.4M | −$12.1M | — | −10.42% |
| Q2 2014 | 2013-08-31 | −$280.0M | −$53.3M | — | −8.63% |
| Q1 2014 | 2013-05-31 | −$119.6M | $43.5M | — | −3.61% |
| Q4 2013 | 2013-02-28 | −$330.0M | −$203.6M | — | −11.67% |
| Q3 2013 | 2012-11-30 | −$294.3M | −$347.8M | — | −11.31% |
| Q2 2013 | 2012-08-31 | −$226.7M | −$71.0M | — | −8.22% |
| Q1 2013 | 2012-05-31 | −$163.2M | −$157.0M | — | −5.88% |
| Q4 2012 | 2012-02-29 | −$126.4M | −$104.0M | — | −5.10% |
| Q3 2012 | 2011-11-30 | $53.4M | $89.8M | — | +2.36% |
| Q2 2012 | 2011-08-31 | −$155.7M | −$84.6M | — | −6.02% |
| Q1 2012 | 2011-05-31 | −$6.1M | −$52.6M | — | −0.23% |
| Q4 2011 | 2011-02-28 | −$22.3M | — | — | −0.99% |
| Q3 2011 | 2010-11-30 | −$36.3M | −$140.0M | — | −1.71% |
| Q2 2011 | 2010-08-31 | −$71.2M | — | — | −3.04% |
| Q1 2011 | 2010-05-31 | $46.5M | — | — | +2.05% |
| Q3 2010 | 2009-11-30 | $103.7M | — | — | +6.01% |
Carmax free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $503.2M to $1.24B, a compound annual growth rate of 19.82%. Carmax's latest reported quarter, Q1 2027, generated −$85.7M in free cash flow, a decrease of $248.6M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Carmax source filings ↗Community posts
CarMax earnings rebound as higher vehicle volumes outweigh thinner unit margins
CarMax ($KMX) reported second-quarter fiscal 2027 revenue of $7.9 billion, up 19.5%, and diluted earnings of $1.16 per share, compared with $0.64 a year earlier. Retail used-vehicle sales increased 13.8% to 227,391 and wholesale volumes ros ...
