Copart, Inc. (CPRT) FY2026 Financial Statements: Revenue $4.67B, Net income $1.48B
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PeriodFY2026
Published
Copart reported revenue of $4.67 billion for FY2026, the fiscal year ended July 31, 2026, up 0.4% from a year earlier, while net income attributable to Copart was $1.48 billion, down 4.4%, and diluted earnings per share were $1.55, compared with $1.59. Operating income was $1.65 billion, down 2.6%, as growth in the International segment did not make up for lower United States results, which Copart attributed in part to non-recurring hurricane-related revenue in the prior year. In September, after the fiscal year ended, Copart agreed to acquire ACV Auctions through an all-cash tender offer and merger, and it completed the acquisition in October, making ACV a wholly owned subsidiary; the deal is not reflected in Copart's FY2026 results.
| Metric | Amount | vs. year ago |
|---|---|---|
| Revenue | $4,666,209,000 | up 0.4% |
| Net income | $1,484,270,000 | down 4.4% |
| Diluted EPS | $1.55 | down 2.5% |
| Operating income | $1,652,590,000 | down 2.6% |
Figures link to the filing they came from. Wherever the SEC filing tags a number, that number is linked: click it and the filing opens at the exact line that prints it. Figures calculated here, such as margins, free cash flow and trailing-twelve-month totals, have no line in a filing to point to and are not linked.
About this file
| Ticker | CPRT |
|---|---|
| CIK | 0000900075 |
| Company | Copart, Inc. |
| Business type | industrial |
| Schema note | Standard operating-company template, adapted to how Copart presents its results. Copart is an online vehicle-auction and remarketing business. Its income statement does not print a cost-of-revenue or gross-profit line: revenue is service revenues plus vehicle sales, and the expenses are facility operations, cost of vehicle sales and general and administrative. Those lines are recorded as printed. Gross profit appears only where Copart's own earnings releases print it, with that release cited. Copart had no borrowings outstanding in any period here, so total_debt is recorded as zero (see notes). Segment data covers Copart's two reportable segments, United States and International. |
| Reporting currency | USD |
| Converted to USD | no |
| Units | actual US dollars (not thousands); per-share amounts in US dollars; share counts in actual shares. Cash outflows are negative, as the cash flow statements print them. |
| Fiscal calendar note | Copart's fiscal year ends July 31. Fiscal 2026 ran from August 1, 2025 to July 31, 2026. Its third quarter ran from February 1 to April 30, 2026, and its fourth quarter from May 1 to July 31, 2026. |
CPRT annual income statement, balance sheet and cash flow
| FY2026 | FY2025 | FY2024 | |
|---|---|---|---|
| Period start | 2025-08-01 | 2024-08-01 | 2023-08-01 |
| Period end | 2026-07-31 | 2025-07-31 | 2024-07-31 |
| Period type | fiscal year | fiscal year | fiscal year |
| Source accession | 10-K | 10-K | 10-K |
| Income statement | |||
| Service revenues | 3,969,520,000 | 3,968,662,000 | 3,561,002,000 |
| Vehicle sales | 696,689,000 | 678,296,000 | 675,821,000 |
| Total revenue | 4,666,209,000 | 4,646,958,000 | 4,236,823,000 |
| Facility operations | 1,965,888,000 | 1,944,318,000 | 1,710,084,000 |
| Cost of vehicle sales | 616,463,000 | 602,997,000 | 619,487,000 |
| General and administrative | 431,268,000 | 402,929,000 | 335,229,000 |
| Total operating expenses | 3,013,619,000 | 2,950,244,000 | 2,664,800,000 |
| Operating income | 1,652,590,000 | 1,696,714,000 | 1,572,023,000 |
| Interest income net | 181,923,000 | 178,909,000 | 145,673,000 |
| Other income expense net | 464,000 | 19,958,000 | -3,095,000 |
| Total other income | 182,387,000 | 198,867,000 | 142,578,000 |
| Income before income taxes | 1,834,977,000 | 1,895,581,000 | 1,714,601,000 |
| Income tax expense | 354,580,000 | 347,218,000 | 352,254,000 |
| Net income | 1,480,397,000 | 1,548,363,000 | 1,362,347,000 |
| Net income attributable to copart | 1,484,270,000 | 1,552,449,000 | 1,363,020,000 |
| Gross profit | 2,083,858,000 | 2,099,643,000 | |
| Net income attributable to redeemable noncontrolling interest | -3,873,000 | -4,086,000 | -673,000 |
| Per share | |||
| Basic EPS | 1.56 | 1.61 | 1.42 |
| Basic weighted average shares | 949,640,000 | 965,306,000 | 960,739,000 |
| Diluted EPS | 1.55 | 1.59 | 1.40 |
| Diluted shares | 956,860,000 | 977,563,000 | 974,798,000 |
| Balance sheet | |||
| Cash cash equivalents and restricted cash | 1,907,901,000 | 2,780,531,000 | |
| Held to maturity securities | 2,581,901,000 | 2,008,539,000 | |
| Accounts receivable net | 809,247,000 | 762,811,000 | |
| Vehicle pooling costs | 122,948,000 | 116,145,000 | |
| Inventories | 51,382,000 | 39,661,000 | |
| Total current assets | 5,568,194,000 | 5,754,628,000 | |
| Property and equipment net | 3,733,220,000 | 3,598,093,000 | |
| Operating lease right of use assets | 83,728,000 | 99,708,000 | |
| Intangibles net | 50,477,000 | 62,832,000 | |
| Goodwill | 511,297,000 | 517,779,000 | |
| Total assets | 10,027,810,000 | 10,090,902,000 | |
| Accounts payable and accrued liabilities | 634,675,000 | 591,831,000 | |
| Deferred revenue | 32,466,000 | 30,440,000 | |
| Lease liabilities current | 15,163,000 | 19,869,000 | |
| Total current liabilities | 703,741,000 | 683,281,000 | |
| Lease liabilities noncurrent | 73,204,000 | 83,870,000 | |
| Total liabilities | 913,930,000 | 883,411,000 | |
| Redeemable noncontrolling interest | 16,585,000 | 20,458,000 | |
| Retained earnings | 7,980,626,000 | 8,093,069,000 | |
| Total stockholders equity | 9,097,295,000 | 9,187,033,000 | |
| Shares outstanding | 926,298,293 | 967,478,690 | |
| Total debt | 0 | 0 | |
| Cash flow | |||
| Depreciation and amortization | 238,466,000 | 217,784,000 | 190,256,000 |
| Stock based compensation | 38,818,000 | 38,004,000 | 35,234,000 |
| Operating cash flow | 1,604,492,000 | 1,799,750,000 | 1,472,564,000 |
| Proceeds from held to maturity securities | 2,345,000,000 | 3,960,000,000 | 3,645,000,000 |
| Capex | -337,363,000 | -568,990,000 | -510,990,000 |
| Purchases of held to maturity securities | -2,889,072,000 | -4,001,918,000 | -4,087,162,000 |
| Net cash from investing activities | -877,601,000 | -587,448,000 | -940,079,000 |
| Repurchases of common stock | -1,632,538,000 | 0 | 0 |
| Net cash from financing activities | -1,606,854,000 | 52,107,000 | 19,273,000 |
| Net change in cash cash equivalents and restricted cash | -872,630,000 | 1,266,420,000 | 556,716,000 |
| Free cash flow | 1,267,129,000 | 1,230,760,000 | 961,574,000 |
| Revenue by segment | |||
| United states | 3,807,430,000 | 3,855,104,000 | 3,464,735,000 |
| International | 858,779,000 | 791,854,000 | 772,088,000 |
| Operating income by segment | |||
| United states | 1,419,040,000 | 1,480,886,000 | 1,428,034,000 |
| International | 233,550,000 | 215,828,000 | 143,989,000 |
| Gross profit source accession | 0001193125-26-387902 | 0001193125-26-387902 | |
- Source description, FY2026. Fiscal 2026 Form 10-K, filed 2026-09-29
- Source description, FY2025. Fiscal 2026 Form 10-K (prior-year comparative columns), filed 2026-09-29
- Source description, FY2024. Fiscal 2026 Form 10-K (earliest comparative columns), filed 2026-09-29
- Note, FY2024. The fiscal 2026 Form 10-K presents three years of income statement and cash flow but only two year-end balance sheets, so no July 31, 2024 balance sheet is recorded here.
CPRT quarterly income statement, balance sheet and cash flow
| Q4 FY2026 | Q3 FY2026 | Q4 FY2025 | Q3 FY2025 | |
|---|---|---|---|---|
| Fiscal quarter | 4 | 3 | 4 | 3 |
| Period start | 2026-05-01 | 2026-02-01 | 2025-05-01 | 2025-02-01 |
| Period end | 2026-07-31 | 2026-04-30 | 2025-07-31 | 2025-04-30 |
| Period type | three months | three months | three months | three months |
| Source accession | 10-K | 0001193125-26-245578 | 10-K | 0001193125-26-245578 |
| Derived from accessions | 10-K, 0001193125-26-245578 | 10-K, 0001193125-26-245578 | ||
| Per share source accession | 0001193125-26-387902 | 0001193125-26-387902 | ||
| Gross profit source accession | 0001193125-26-387902 | 0001193125-26-234447 | 0001193125-26-387902 | 0001193125-26-234447 |
| Income statement | ||||
| Gross profit | 481,449,000 | 572,599,000 | 509,718,000 | 552,267,000 |
| Service revenues | 969,544,000 | 1,056,080,000 | 956,209,000 | 1,034,836,000 |
| Vehicle sales | 182,895,000 | 180,986,000 | 168,888,000 | 176,880,000 |
| Total revenue | 1,152,439,000 | 1,237,066,000 | 1,125,097,000 | 1,211,716,000 |
| Facility operations | 506,779,000 | 504,190,000 | 467,981,000 | 489,735,000 |
| Cost of vehicle sales | 164,211,000 | 160,277,000 | 147,398,000 | 169,714,000 |
| General and administrative | 112,545,000 | 108,317,000 | 97,127,000 | 100,722,000 |
| Total operating expenses | 783,535,000 | 772,784,000 | 712,506,000 | 760,171,000 |
| Operating income | 368,904,000 | 464,282,000 | 412,591,000 | 451,545,000 |
| Interest income net | 39,618,000 | 38,813,000 | 49,839,000 | 42,776,000 |
| Other income expense net | -3,811,000 | -1,001,000 | 15,978,000 | 8,483,000 |
| Total other income | 35,807,000 | 37,812,000 | 65,817,000 | 51,259,000 |
| Income before income taxes | 404,711,000 | 502,094,000 | 478,408,000 | 502,804,000 |
| Income tax expense | 77,884,000 | 100,701,000 | 83,100,000 | 97,466,000 |
| Net income | 326,827,000 | 401,393,000 | 395,308,000 | 405,338,000 |
| Net income attributable to copart | 327,423,000 | 402,401,000 | 396,354,000 | 406,609,000 |
| Net income attributable to redeemable noncontrolling interest | -596,000 | -1,008,000 | -1,046,000 | -1,271,000 |
| Per share | ||||
| Basic EPS | 0.35 | 0.43 | 0.41 | 0.42 |
| Basic weighted average shares | 927,067,000 | 936,293,000 | 967,100,000 | 966,234,000 |
| Diluted EPS | 0.35 | 0.43 | 0.41 | 0.42 |
| Diluted shares | 932,140,000 | 942,770,000 | 977,778,000 | 978,089,000 |
| Cash flow | ||||
| Depreciation and amortization | 69,667,000 | 54,142,000 | ||
| Stock based compensation | 9,805,000 | 9,099,000 | ||
| Operating cash flow | 357,541,000 | 438,476,000 | ||
| Proceeds from held to maturity securities | 310,000,000 | 2,020,000,000 | ||
| Capex | -78,810,000 | -87,641,000 | ||
| Purchases of held to maturity securities | -2,043,502,000 | -1,984,075,000 | ||
| Net cash from investing activities | -1,811,071,000 | -28,399,000 | ||
| Repurchases of common stock | 0 | 0 | ||
| Net cash from financing activities | 8,368,000 | 7,934,000 | ||
| Net change in cash cash equivalents and restricted cash | -1,446,241,000 | 414,032,000 | ||
| Free cash flow | 278,731,000 | 350,835,000 | ||
| Revenue by segment | ||||
| United states | 930,334,000 | 1,002,862,000 | 926,262,000 | 1,006,457,000 |
| International | 222,105,000 | 234,204,000 | 198,835,000 | 205,259,000 |
| Operating income by segment | ||||
| United states | 312,150,000 | 390,445,000 | 357,468,000 | 392,465,000 |
| International | 56,754,000 | 73,837,000 | 55,123,000 | 59,080,000 |
| Balance sheet | ||||
| Cash cash equivalents and restricted cash | 3,354,142,000 | |||
| Held to maturity securities | 845,570,000 | |||
| Accounts receivable net | 794,472,000 | |||
| Vehicle pooling costs | 117,979,000 | |||
| Inventories | 49,632,000 | |||
| Total current assets | 5,216,673,000 | |||
| Property and equipment net | 3,715,922,000 | |||
| Operating lease right of use assets | 88,066,000 | |||
| Intangibles net | 53,943,000 | |||
| Goodwill | 522,703,000 | |||
| Total assets | 9,649,036,000 | |||
| Accounts payable and accrued liabilities | 598,290,000 | |||
| Deferred revenue | 33,494,000 | |||
| Lease liabilities current | 15,825,000 | |||
| Total current liabilities | 685,259,000 | |||
| Lease liabilities noncurrent | 77,291,000 | |||
| Total liabilities | 857,591,000 | |||
| Redeemable noncontrolling interest | 17,181,000 | 21,504,000 | ||
| Retained earnings | 7,654,177,000 | |||
| Total stockholders equity | 8,774,264,000 | 8,781,193,000 | ||
| Shares outstanding | 925,811,482 | 966,812,661 | ||
| Total debt | 0 | |||
- Source description, Q4 FY2026. Derived: fiscal 2026 full year from the Form 10-K less the nine months ended April 30, 2026 from the third-quarter Form 10-Q. Per-share amounts, weighted share counts and gross profit are as printed in the fourth-quarter earnings release furnished on Form 8-K on 2026-09-10.
- Source description, Q3 FY2026. Fiscal 2026 third-quarter Form 10-Q, filed 2026-05-29. Gross profit is as printed in the third-quarter earnings release furnished on Form 8-K on 2026-05-21.
- Source description, Q4 FY2025. Derived: fiscal 2025 full year from the fiscal 2026 Form 10-K's comparative column less the nine months ended April 30, 2025 from the fiscal 2026 third-quarter Form 10-Q's comparative column. Per-share amounts, weighted share counts and gross profit are as printed in the prior-year column of the fourth-quarter fiscal 2026 earnings release furnished on Form 8-K on 2026-09-10.
- Source description, Q3 FY2025. Fiscal 2026 third-quarter Form 10-Q (prior-year comparative columns), filed 2026-05-29. Stockholders' equity and shares outstanding at April 30, 2025 are from that filing's statement of changes in stockholders' equity; the 10-Q prints no April 30, 2025 balance sheet. Gross profit is as printed in the third-quarter fiscal 2026 earnings release furnished on Form 8-K on 2026-05-21.
- Cash flow source description, Q4 FY2026, Q4 FY2025. Derived: full-year cash flows from the fiscal 2026 Form 10-K less nine-month cash flows from the third-quarter fiscal 2026 Form 10-Q. Neither filing nor the earnings release prints a three-month cash flow statement.
- Note, Q4 FY2026. Every consolidated income statement line derived here equals the three-month column of the fourth-quarter earnings release (accession 0001193125-26-387902). Segment operating income differs by $1 thousand from the release, which prints United States $312,151 thousand and International $56,753 thousand against the derived $312,150 thousand and $56,754 thousand; the total, $368,904 thousand, is the same. Share repurchases are recorded as zero: subtracting the nine-month figure ($1,632,537 thousand) from the full-year figure ($1,632,538 thousand) leaves a $1 thousand rounding difference, and both filings' equity statements show the same 43,433,164 shares repurchased in the first nine months and in the full year.
- Note, Q4 FY2025. Every consolidated income statement line derived here equals the prior-year three-month column of the fourth-quarter fiscal 2026 earnings release (accession 0001193125-26-387902). Segment revenue differs by $1 thousand from the release, which prints United States $926,263 thousand and International $198,834 thousand against the derived $926,262 thousand and $198,835 thousand; the total, $1,125,097 thousand, is the same.
CPRT year-to-date income statement and cash flow
| Nine months ended April 30, 2026 (first three quarters of fiscal 2026) | Nine months ended April 30, 2025 (first three quarters of fiscal 2025) | |
|---|---|---|
| Period start | 2025-08-01 | 2024-08-01 |
| Period end | 2026-04-30 | 2025-04-30 |
| Period type | nine months | nine months |
| Source accession | 0001193125-26-245578 | 0001193125-26-245578 |
| Gross profit source accession | 0001193125-26-234447 | 0001193125-26-234447 |
| Income statement | ||
| Service revenues | 2,999,976,000 | 3,012,453,000 |
| Vehicle sales | 513,794,000 | 509,408,000 |
| Total revenue | 3,513,770,000 | 3,521,861,000 |
| Facility operations | 1,459,109,000 | 1,476,337,000 |
| Cost of vehicle sales | 452,252,000 | 455,599,000 |
| General and administrative | 318,723,000 | 305,802,000 |
| Total operating expenses | 2,230,084,000 | 2,237,738,000 |
| Operating income | 1,283,686,000 | 1,284,123,000 |
| Interest income net | 142,305,000 | 129,070,000 |
| Other income expense net | 4,275,000 | 3,980,000 |
| Total other income | 146,580,000 | 133,050,000 |
| Income before income taxes | 1,430,266,000 | 1,417,173,000 |
| Income tax expense | 276,696,000 | 264,118,000 |
| Net income | 1,153,570,000 | 1,153,055,000 |
| Net income attributable to copart | 1,156,847,000 | 1,156,095,000 |
| Gross profit | 1,602,409,000 | 1,589,925,000 |
| Net income attributable to redeemable noncontrolling interest | -3,277,000 | -3,040,000 |
| Per share | ||
| Basic EPS | 1.21 | 1.20 |
| Basic weighted average shares | 957,280,000 | 964,702,000 |
| Diluted EPS | 1.20 | 1.18 |
| Diluted shares | 965,215,000 | 977,485,000 |
| Cash flow | ||
| Depreciation and amortization | 168,799,000 | 163,642,000 |
| Stock based compensation | 29,013,000 | 28,905,000 |
| Operating cash flow | 1,246,951,000 | 1,361,274,000 |
| Proceeds from held to maturity securities | 2,035,000,000 | 1,940,000,000 |
| Net cash from investing activities | 933,470,000 | -559,049,000 |
| Net change in cash cash equivalents and restricted cash | 573,611,000 | 852,388,000 |
| Capex | -258,553,000 | -481,349,000 |
| Purchases of held to maturity securities | -845,570,000 | -2,017,843,000 |
| Net cash from financing activities | -1,615,222,000 | 44,173,000 |
| Repurchases of common stock | -1,632,537,000 | 0 |
| Free cash flow | 988,398,000 | 879,925,000 |
| Revenue by segment | ||
| United states | 2,877,096,000 | 2,928,842,000 |
| International | 636,674,000 | 593,019,000 |
| Operating income by segment | ||
| United states | 1,106,890,000 | 1,123,418,000 |
| International | 176,796,000 | 160,705,000 |
- Source description, Nine months ended April 30, 2026 (first three quarters of fiscal 2026). Fiscal 2026 third-quarter Form 10-Q, filed 2026-05-29. The full fiscal year is recorded under annual (FY2026). Gross profit is as printed in the third-quarter earnings release furnished on Form 8-K on 2026-05-21.
- Source description, Nine months ended April 30, 2025 (first three quarters of fiscal 2025). Fiscal 2026 third-quarter Form 10-Q (prior-year comparative columns), filed 2026-05-29. Gross profit is as printed in the third-quarter fiscal 2026 earnings release furnished on Form 8-K on 2026-05-21.
Adjustments
| Splits applied | none |
|---|---|
| ADR ratio | n/a |
| FX | None. Copart reports in US dollars, so no currency conversion was needed. |
| Splits note | None applied. Copart's most recent stock split, a two-for-one split paid as a stock dividend in August 2023, falls inside fiscal 2024; the fiscal 2026 Form 10-K states that all share and per-share amounts are retroactively adjusted for it, so every figure here is used as printed. |
Notes
- Sources. The three fiscal years (FY2026, FY2025, FY2024), their income statements and cash flows, and the July 31, 2026 and 2025 balance sheets come from Copart's fiscal 2026 Form 10-K (accession 0001193125-26-405731, filed 2026-09-29). The third quarters of fiscal 2026 and 2025, the nine months ended April 30, 2026 and 2025, and the April 30, 2026 balance sheet come from the third-quarter fiscal 2026 Form 10-Q (accession 0001193125-26-245578, filed 2026-05-29).
- Quarterly coverage. This record holds the third and fourth quarters of fiscal 2026 and of fiscal 2025. The first and second quarters are not included because neither the Form 10-K nor the Form 10-Q presents full financial statements for them. The 10-Q's statement of stockholders' equity shows some quarter-by-quarter movements, such as net income attributable to Copart for each quarter, but neither filing prints an income statement, balance sheet or cash flow statement for those quarters. Copart published those quarters' results in earnings releases furnished on Form 8-K.
- Fourth quarters are derived. Each fourth-quarter figure is the full fiscal year from the Form 10-K less the nine months from the Form 10-Q. Every consolidated income statement line derived this way equals the figure printed in Copart's fourth-quarter fiscal 2026 earnings release (Form 8-K, accession 0001193125-26-387902, furnished 2026-09-10). Per-share amounts and weighted-average share counts cannot be derived by subtraction, so for the fourth quarters they are taken as printed in that release. Fourth-quarter cash flows are derived the same way; no filing or release prints a three-month cash flow statement.
- Earnings release and Form 10-K. The fourth-quarter release was furnished before the Form 10-K was filed. Its full-year income statement, its July 31, 2026 and 2025 balance sheets and its full-year cash flow figures agree with the Form 10-K. Where a figure appears in both, the Form 10-K is the source cited. The release presents operating expenses differently: it shows facility depreciation and amortization and facility stock-based compensation on separate lines, and does the same for general and administrative. In the Form 10-K those amounts are included in facility operations and in general and administrative, and this record follows the Form 10-K's presentation.
- Gross profit is a measure Copart defines in its earnings releases. It does not appear on the face of the Form 10-K or Form 10-Q income statements. It equals total service revenues and vehicle sales less facility operations and cost of vehicle sales, both as the Form 10-K presents them. For fiscal 2026: $4,666,209 thousand less $1,965,888 thousand less $616,463 thousand equals $2,083,858 thousand. It is recorded only where a release prints it: the fourth-quarter fiscal 2026 release for FY2026, FY2025 and both fourth quarters, and the third-quarter fiscal 2026 release (Form 8-K, accession 0001193125-26-234447, furnished 2026-05-21) for both third quarters and both nine-month periods. It is not recorded for FY2024.
- Net income. net_income is consolidated net income. net_income_attributable_to_copart deducts the share belonging to the redeemable noncontrolling interest. That share is a loss in every period here, so it is recorded as a negative figure, and net income attributable to Copart is slightly higher than consolidated net income. Earnings per share are based on net income attributable to Copart.
- Debt. Copart had no borrowings outstanding in any period here; its balance sheets carry no debt line, so total_debt is recorded as zero. Lease liabilities are recorded separately and are not counted as debt. On January 23, 2026 Copart entered into an unsecured $1,250 million revolving credit facility maturing January 23, 2031. At July 31, 2026, $22.5 million of letters of credit were outstanding under it and $1,227.5 million was unused (Form 10-K, Note 9).
- Free cash flow is not a figure Copart reports. Here it is net cash provided by operating activities less purchases of property and equipment. The Form 10-K's MD&A uses a different line, 'capital expenditures and acquisitions' ($342,367 thousand for fiscal 2026), which also includes acquisitions.
- Line names. The Form 10-K calls the held-to-maturity purchase line 'Investment in held to maturity securities' and the Form 10-Q calls it 'Purchases of held to maturity securities'. Both are recorded as purchases_of_held_to_maturity_securities. The two filings also word the other-income line in opposite orders ('Other income (expense), net' and 'Other (expense) income, net'); it is recorded as other_income_expense_net, with expense negative.
- Share repurchases. In fiscal 2026 Copart repurchased 43,433,164 shares at a weighted average price of $37.63, totalling $1.6 billion. All of these repurchases were made in the first nine months of the year. It made no repurchases under the program in fiscal 2025 or fiscal 2024 (Form 10-K, Note 12).
- The third quarter of fiscal 2025 carries no full balance sheet, because the Form 10-Q prints only the April 30, 2026 and July 31, 2025 balance sheets. Its stockholders' equity, redeemable noncontrolling interest and shares outstanding at April 30, 2025 come from the 10-Q's statement of changes in stockholders' equity.
- Acquisition completed after the end of the fiscal year. On September 10, 2026 Copart entered into a definitive merger agreement to acquire ACV Auctions Inc. for $10.50 per share in cash, an implied equity value of approximately $1.9 billion (Form 10-K subsequent-events note; Form 8-K, accession 0001193125-26-388064). The deal was structured as a tender offer followed by a merger. The Form 10-K said Copart expected to fund the purchase price from its cash flows and expected the deal to close by the end of calendar 2026. Closing required a majority of ACV's shares to be tendered, expiry of the Hart-Scott-Rodino waiting period and other customary conditions. The tender offer began with a Schedule TO filed 2026-09-17 (accession 0001193125-26-393827) and was extended (Amendment No. 3, accession 0001193125-26-417451). Amendment No. 4 (accession 0001193125-26-421044) reported that the Hart-Scott-Rodino waiting period had expired. Amendment No. 5 (accession 0001193125-26-423456, filed 2026-10-16) reports that the offer expired at 5:00 p.m. Eastern Time on October 15, 2026, with 116,818,409 ACV shares validly tendered, representing, together with shares owned by Copart and its affiliates, about 68.43% of ACV's outstanding shares. The minimum condition was satisfied, all tendered shares were accepted for payment, and Copart then completed the merger under Section 251(h) of Delaware law, making ACV a wholly owned subsidiary. Copart's Form 8-K (accession 0001193125-26-423478, filed 2026-10-16) reports that the acquisition was completed on October 16, 2026. Because it closed after July 31, 2026, the acquisition is not reflected in any period in this record.
Uncertainties
- First and second quarters of fiscal 2026 and 2025 are not in this record. Neither filing it is built from presents full financial statements for them, so the only quarters shown are the third and fourth.
- No three-month cash flow figures exist for the third quarters. The Form 10-Q prints cash flows only for the nine months, and the six-month figures needed to isolate the quarter come from the second-quarter Form 10-Q, which this record does not draw on.
- Fourth-quarter per-share amounts and weighted-average share counts come from an unaudited earnings release, because they cannot be derived from the annual and nine-month figures. Quarterly per-share amounts need not add up to the full-year figure.
- Fourth-quarter segment figures derived by subtraction differ from the earnings release by $1 thousand in two places for each fourth quarter (see each quarter's note). These are rounding differences; the consolidated totals agree exactly.
- Gross profit is a company-defined measure taken from unaudited earnings releases. It does not appear on the face of the audited statements.
- No trailing-twelve-months view is included. At the end of the latest period, July 31, 2026, the trailing twelve months are fiscal 2026 itself, which is recorded under annual.
- Completion of the ACV acquisition was reported in Schedule TO Amendment No. 5 (accession 0001193125-26-423456, filed 2026-10-16) and in Form 8-K accession 0001193125-26-423478 (filed 2026-10-16). The acquisition's financial effects, such as the purchase price allocation and how the purchase price was funded, are not yet reported in any filing and are not reflected in this record.
Company details
| Name | Copart Inc |
|---|---|
| Ticker | CPRT |
| CIK | 0000900075 |
| Exchange | Nasdaq |
| State | Texas |
| Incorporation | Delaware |
| SIC | 5500 |
| Office | Trade & Services |
| Industry | Retail-Auto Dealers & Gasoline Stations |
Fiscal period
| Fiscal year | 2026 |
|---|---|
| Fiscal period | FY |
| Tag | FY26 |
| Period end | 2026-07-31 |
| Form | 10-K |
| Accession | 0001193125-26-405731 |
| Fiscal year end | 0731 |
| Source | facts |
Source filings
| Role | Current | Form | Fiscal year | Fiscal period | Tag | Period end | Filed | Accession | Source |
|---|---|---|---|---|---|---|---|---|---|
| annual | yes | 10-K | 2026 | FY | FY26 | 2026-07-31 | 2026-09-29 | 0001193125-26-405731 | facts |
FAQ · Copart financial statements
How much revenue did Copart make in FY2026?
Copart reported revenue of $4.67 billion for FY2026, the fiscal year ended July 31, 2026. That is up 0.4% from $4.65 billion in the prior fiscal year.
What was Copart's net income in FY2026?
Copart's net income attributable to the company was $1.48 billion for FY2026, the fiscal year ended July 31, 2026, down 4.4% from $1.55 billion a year earlier.
What were Copart's earnings per share for FY2026?
Copart's diluted earnings per share were $1.55 for FY2026, the fiscal year ended July 31, 2026, compared with $1.59 in the prior fiscal year.
Did Copart's operating income grow in FY2026?
Copart's operating income was $1.65 billion for FY2026, down 2.6% from $1.70 billion a year earlier. Its International segment grew, but United States results fell against a prior year that included non-recurring hurricane-related revenue.
Where can I get Copart, Inc. (CPRT) financial data in machine-readable form?
Ticker Scout publishes Copart, Inc.'s financial statements as JSON at https://tickerscout.ai/cprt/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/cprt/narrative.md and https://tickerscout.ai/cprt/events.md. Copart, Inc.'s SEC CIK is 0000900075. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.
When does Copart, Inc. (CPRT) next file with the SEC?
Copart, Inc. (CPRT) is expected to file its next Form 10-Q with the SEC on or around November 23, 2026. That date is a projection rather than a company-announced date: it is derived from Copart, Inc.'s own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-K for FY2026, the period ended 2026-07-31, SEC accession 0001193125-26-405731.
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How this page was built
This page was built from 10 of Copart, Inc.'s own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names seven such gaps.
A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.
Published by Ticker Scout, an independent publisher of company filings data. About Ticker Scout · Disclaimer
Built from Copart, Inc.'s SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.