Carmax annual operating margin
2023
2024
2025
2026
Carmax Operating Margin Growth & History (KMX)
Carmax's operating margin was −1.58% for fiscal 2026.
View full Carmax company overviewCarmax annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2026 | 2026-02-28 | −1.58% | −0.75 pp |
| 2025 | 2025-02-28 | −0.84% | −0.06 pp |
| 2024 | 2024-02-29 | −0.78% | +0.27 pp |
| 2023 | 2023-02-28 | −1.05% | — |
Carmax quarterly operating margin
Q1.26
Q2.26
Q3.26
Q4.26
Q1.27
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q1 2027 | 2026-05-31 | 0.40% | −0.16 pp |
| Q4 2026 | 2026-02-28 | −4.20% | — |
| Q3 2026 | 2025-11-30 | −2.31% | — |
| Q2 2026 | 2025-08-31 | −1.79% | — |
| Q1 2026 | 2025-05-31 | 0.56% | — |
Carmax operating margin trends
Between the periods ended 2023-02-28 and 2026-02-28, Carmax's operating margin decreased from −1.05% to −1.58%, a change of −0.54 percentage points. The latest reported quarter, Q1 2027, shows 0.40%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Carmax source filings ↗