Copart, Inc. — Fourth Quarter Fiscal 2026 Earnings Summary

Financial Performance

• Q4 2026 revenue was $1.2 billion, a 2.4% increase year-over-year; full-year 2026 revenue was $4.7 billion, a 0.4% increase.
• Q4 2026 gross profit was $481.4 million, a 5.5% decrease year-over-year; full-year 2026 gross profit was $2.1 billion, a 0.8% decrease.
• Q4 2026 net income attributable to Copart, Inc. was $327.4 million, a 17.4% decrease year-over-year; full-year 2026 net income was $1.5 billion, a 4.4% decrease.
• Q4 2026 diluted earnings per share were $0.35, down from $0.41; full-year diluted EPS was $1.55, down from $1.59.
• Q4 2026 operating income was $368.9 million, a 10.6% decrease; full-year operating income was $1.65 billion, a 2.6% decrease.
• Cash, cash equivalents, and restricted cash decreased to $1.91 billion at July 31, 2026, from $2.78 billion at July 31, 2025.
• Total assets were $10.03 billion at July 31, 2026, compared to $10.09 billion at July 31, 2025.
• Total liabilities were $913.9 million at July 31, 2026, compared to $883.4 million at July 31, 2025.
• Net cash provided by operating activities for the full year 2026 was $1.60 billion, down from $1.80 billion in 2025.
• Net cash used in investing activities for the full year 2026 was $877.6 million, compared to $587.4 million in 2025.
• Net cash used in financing activities for the full year 2026 was $1.61 billion, compared to $52.1 million provided in 2025.
• Deferred revenue was $32.5 million at July 31, 2026, up from $30.4 million at July 31, 2025.

Business Segments and Product Lines

• Q4 2026 U.S. service revenues were $817.8 million; International service revenues were $151.7 million.
• Q4 2026 U.S. vehicle sales were $112.5 million; International vehicle sales were $70.4 million.
• Full-year 2026 U.S. service revenues were $3.39 billion; International service revenues were $581.2 million.
• Full-year 2026 U.S. vehicle sales were $419.1 million; International vehicle sales were $277.5 million.
• Q4 2026 U.S. operating income was $312.2 million; International operating income was $56.8 million.
• Full-year 2026 U.S. operating income was $1.42 billion; International operating income was $233.6 million.
• Facility operations expenses increased 7.7% in Q4 2026 and 0.6% for the full year 2026 compared to prior periods.
• Cost of vehicle sales increased 11.4% in Q4 2026 and 2.2% for the full year 2026 compared to prior periods.

Other Key Points

• The company repurchased common stock for $1.63 billion during the full year 2026, with no repurchases reported in 2025.
• Copart sold more than 4 million units in the last year.
• The company operates at over 250 locations in 11 countries.
• A conference call to discuss results was scheduled for September 10, 2026, at 5:30 p.m. Eastern Time.
• The company holds $2.58 billion in investments in held-to-maturity securities as of July 31, 2026.
• Property and equipment, net, increased to $3.73 billion at July 31, 2026, from $3.60 billion at July 31, 2025.
• Purchases of property and equipment were $337.4 million for the full year 2026, down from $569.0 million in 2025.
• Proceeds from the sale of property and equipment were $12.6 million for the full year 2026, down from $31.8 million in 2025.
• Income taxes paid, net of refunds, were $398.4 million for the full year 2026, down from $409.0 million in 2025.