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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY272026-08-31 | Q1 FY272026-05-31 | Q4 FY262026-02-28 | Q3 FY262025-11-30 | Q2 FY262025-08-31 | Q1 FY262025-05-31 | Q4 FY252025-02-28 | Q3 FY252024-11-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.88B | $8.01B | $5.95B | $5.79B | $6.59B | $7.55B | $6.00B | $6.22B |
| Cost of revenue | $7.08B | $7.16B | $5.34B | $5.20B | $5.88B | $6.65B | $5.34B | $5.55B |
| Gross profit | $799.46M | $854.41M | $605.26M | $590.05M | $717.67M | $893.62M | $667.89M | $677.65M |
| Gross margin | 10.1% | 10.7% | 10.2% | 10.2% | 10.9% | 11.8% | 11.1% | 10.9% |
| Selling, general and administrative | $628.58M | $635.18M | $611.31M | $581.37M | $601.09M | $659.64M | $610.50M | $575.76M |
| Operating expenses | $563.12M | $564.15M | $539.40M | $475.57M | $565.74M | $583.73M | $516.23M | $480.39M |
| Operating income | $236.34M | $290.27M | $65.86M | $114.48M | $151.93M | $309.89M | $151.66M | $197.26M |
| Operating margin | 3.0% | 3.6% | 1.1% | 2.0% | 2.3% | 4.1% | 2.5% | 3.2% |
| EBITDA | $331.55M | $383.16M | $159.62M | $202.96M | $235.86M | $389.68M | $229.13M | $272.63M |
| Interest expense | −$31.83M | −$33.81M | −$28.75M | −$26.12M | −$28.45M | −$27.07M | −$24.14M | −$25.42M |
| Income before taxes | $223.07M | $258.56M | −$110.68M | $83.89M | $127.10M | $283.13M | $118.40M | $166.47M |
| Income taxes | $57.78M | $72.93M | $10.00M | $21.67M | $31.72M | $72.75M | $28.54M | $41.03M |
| Net income | $165.29M | $185.63M | −$120.68M | $62.22M | $95.38M | $210.38M | $89.87M | $125.44M |
| Net margin | 2.1% | 2.3% | -2.0% | 1.1% | 1.4% | 2.8% | 1.5% | 2.0% |
| EPS, basic | $1.16 | $1.31 | −$0.85 | $0.43 | $0.64 | $1.38 | $0.58 | $0.81 |
| EPS, diluted | $1.16 | $1.31 | −$0.85 | $0.43 | $0.64 | $1.38 | $0.58 | $0.81 |
| Diluted shares | 142.45M | 142.15M | 142.34M | 145.86M | 149.64M | 152.61M | 154.75M | 155.27M |
Figures describe CarMax shares, not any token. As of Sep 30, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.