Income StatementBalance SheetCash FlowSegments
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Copart Income Statement

Revenue, expenses, and profitability over time

Copart generated $4.6B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $1.6B with a 33.76% net margin. Diluted EPS is $1.59, which grew 0.1% year-over-year. Based on the Q4 2025 filing.

Total Revenue (TTM)$4.6BOperating Income (TTM)$1.7BNet Income (TTM)$1.6BEps Diluted (TTM)$1.59
Latest FilingQ4 2025
Report Date2026-03-03
Market Cap$31.5B
P/E Ratio20.20
ROE17.22%

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Derivative Gain (Loss) Excluded from Effectiveness$45.5M$40.7M$42.8M$49.8M$53.5M$50.0M
Interest Income (Expense), Non-operating$45.5M$40.7M$42.8M$49.8M$53.5M$50.0M
Cash Paid for Interest$10.0K$1.4M$601.0K$47.0K$641.0K$764.0K
Income from equity method investments$20.0K$41.0K$74.0K$14.0K$47.0K$321.0K
Gain (loss) on disposal of assets$133.0K$61.0K$847.0K—$1.1M-$914.0K
Other Charges-$596.0K-$3.9M$8.5M$16.0M$2.9M$2.4M
Interest expense$10.0K$1.4M$601.0K$176.9M$641.0K$764.0K
Interest Income (Expense), Nonoperating$45.5M$40.7M$42.8M$49.8M$53.5M$50.0M
Other income (expense), net$45.0M$36.8M$51.3M$65.8M$56.4M$52.3M
Non-operating Interest Income (Expense)$45.5M$40.7M$42.8M$49.8M$53.5M$50.0M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effective Tax Rate Statutory Reconciliation$0.2———$0.2$0.0
Effective Tax Rate (Continuing Operations)$0.2-$0.0$0.0—$0.2$0.0
Effective Tax Rate$0.2-$0.0$0.0—$0.2$0.0
Cash Paid for Income Taxes$80.8M$196.2M$41.9M$90.0M$20.1M$207.4M
Effective Tax Rate, Continuing Operations$0.2-$0.0$0.0—$0.2$0.0
Income Tax at U.S. Statutory Rate21.0%———21.0%0.0%
Stock-Based Compensation Tax Benefit$4.6M$23.7M——$2.8M$3.0M
Effective Income Tax Rate, Continuing Operations$0.2-$0.0$0.0—$0.2$0.0
Tax Reconciliation, Federal Statutory Amount$0.2———$0.2$0.0
Effective Tax Rate$0.2-$0.0$0.0—$0.2$0.0
Effective Tax Rate (Continuing Operations)$0.2-$0.0$0.0—$0.2$0.0
Income Taxes Paid, Net$80.8M$196.2M$41.9M$90.0M$20.1M$207.4M
Share-Based Compensation Tax Benefit$4.6M$23.7M——$2.8M$3.0M
Income tax expense$90.1M$76.5M$97.5M$83.1M$84.9M$91.1M
Effective Tax Rate (Continuing Operations)$0.2-$0.0$0.0—$0.2$0.0
Share-Based Compensation Tax Benefit$4.6M$23.7M——$2.8M$3.0M
Tax Reconciliation at Federal Statutory Rate$0.2———$0.2$0.0
Tax Reconciliation - Federal Statutory Rate$0.2———$0.2$0.0
Deferred Income Tax Expense (Benefit)$1.7M-$1.7M$20.0K—$5.3M$712.0K
Effective Tax Rate (Continuing Operations)$0.2-$0.0$0.0—$0.2$0.0
Income Taxes Paid, Net$80.8M$196.2M$41.9M$90.0M$20.1M$207.4M
Effective Income Tax Rate$0.2-$0.0$0.0—$0.2$0.0
Statutory Federal Income Tax Rate$0.2———$0.2$0.0
Effective Tax Rate, Continuing Operations$0.2-$0.0$0.0—$0.2$0.0
Income and Other Taxes$80.8M$196.2M$41.9M$90.0M$20.1M$207.4M
Effective Tax Rate Continuing Operations$0.2-$0.0$0.0—$0.2$0.0
Tax Reconciliation Federal Statutory Rate$0.2———$0.2$0.0

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Stock-Based Compensation Expense$10.4M$9.3M$9.2M$9.1M$9.3M$10.2M
Total stock-based compensation$10.4M$9.3M$9.2M—$9.3M$10.2M
Share-Based Compensation Expense$10.4M$9.3M$9.2M$9.1M$9.3M$10.2M
Stock-Based Compensation Expense (Pre-tax)$10.4M$9.3M$9.2M—$9.3M$10.2M
Compensation and benefits$10.4M$9.3M$9.2M—$9.3M$10.2M
General and administrative$105.7M$99.3M$100.7M$97.1M$106.3M$104.1M
Allocated Share-Based Compensation Expense$10.4M$9.3M$9.2M—$9.3M$10.2M
Share-Based Compensation (Operating)$10.4M$9.3M$9.2M—$9.3M$10.2M
Share-Based Compensation Expense Before Income Taxes$10.4M$9.3M$9.2M—$9.3M$10.2M
Other Segment Items-$596.0K-$3.9M$8.5M$16.0M$2.9M$2.4M
Stock-based compensation expense$10.4M$9.3M$9.2M$9.1M$9.3M$10.2M
Purchased power and fuel$138.2M$147.7M$169.7M$147.4M$141.5M$150.4M
Provision for credit losses$1.1M-$38.0K-$903.0K—$2.0M$126.0K
Share-Based Compensation$10.4M$9.3M$9.2M$9.1M$9.3M$10.2M
Total operating expenses$740.5M$737.1M$760.2M$712.5M$724.3M$733.0M
Stock-Based Compensation (Before Tax)$10.4M$9.3M$9.2M—$9.3M$10.2M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital Expenditures$236.8M$116.6M$128.0M$87.6M$108.0M$69.6M
Change in Accounts Receivable$49.1M$83.9M-$131.1M$32.0M$25.2M$99.6M
Change in Deferred Revenue-$2.6M$1.5M$3.0M$198.0K$56.0K$644.0K
Tax Withholding for Share-Based Payments$720.0K$1.8M$874.0K$1.9M$1.3M$860.0K
Comprehensive Income Including Noncontrolling Interest$359.4M$359.7M$463.6M—$402.4M$382.8M
OCI Attributable to Noncontrolling Interest-$910.0K-$859.0K-$1.3M—-$1.5M-$765.0K
Other comprehensive income (loss), net of tax-$1.8M-$26.8M$58.3M—$207.0K$32.8M
Comprehensive Income Attributable to Parent$359.4M$359.7M$463.6M—$402.4M$382.8M
Acquisitions, Net of Cash$1.3M-$44.0K$0.0—$4.7M-$5.0K
Change in Accounts Payable and Accrued Liabilities$59.8M-$15.1M$11.3M—$21.5M-$60.1M
Change in Income Taxes Payable$8.9M-$67.1M$4.0M—$61.5M-$115.4M
Change in Inventories$8.7M$7.5M-$16.0M—$655.0K$928.0K
Change in Prepaid Expenses and Other Assets-$59.0M$54.1M$5.9M—-$7.9M$3.0M
Finance Lease Principal Paid$0.0$40.0K$4.0K—$5.0K$1.0K
Effect of Exchange Rate on Cash (Continuing Operations)-$2.6M$1.8M$6.8M—$1.1M$4.2M
Net Change in Cash and Restricted Cash$2.2B-$359.2M-$972.4M—$2.5B-$131.8M
Number of Operating Segments2.000.000.00—2.000.00
Payments to Acquire Other Productive Assets$238.0M$174.1M$70.5M—$112.7M$69.6M
Subsidiary and Affiliate Acquisition Payments$0.0$0.0$3.2M—$3.9M-$148.0K
Comprehensive Income Including Noncontrolling Interest$359.4M$359.7M$463.6M—$402.4M$382.8M
Number of reportable segments2.000.000.00—2.000.00
Income Taxes Paid, Net$80.8M$196.2M$41.9M$90.0M$20.1M$207.4M
Interest Paid, Net$10.0K$1.4M$601.0K$47.0K$641.0K$764.0K
Comprehensive income (loss), including noncontrolling interest$359.4M$359.7M$463.6M—$402.4M$382.8M
Pre-tax stock-based compensation cost$10.4M$9.3M$9.2M—$9.3M$10.2M
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$360.3M$360.6M$464.9M—$403.9M$383.5M
Less: comprehensive income attributable to noncontrolling interest-$910.0K-$859.0K-$1.3M—-$1.5M-$765.0K
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest$359.4M$359.7M$463.6M—$402.4M$382.8M
Deferred taxes$1.7M-$1.7M$20.0K-$13.5M$5.3M$712.0K
Depreciation, Amortization and Accretion, Net$54.9M$54.3M$54.5M$54.1M$54.2M$55.5M
Effective tax rates$0.2-$0.0$0.0—$0.2$0.0
Income taxes at U.S. statutory rate of 21%$0.2———$0.2$0.0
Share-Based Payment Arrangement, Expense, Tax Benefit$4.6M$23.7M——$2.8M$3.0M
Finance Lease Principal Payments$0.0$40.0K$4.0K$5.0K$5.0K$1.0K
Gain Loss On Sale Of Property Plant Equipment$133.0K$61.0K$847.0K$12.7M$1.1M-$914.0K
Income Taxes Paid, Net$80.8M$196.2M$41.9M$90.0M$20.1M$207.4M
Accounts payable and other current liabilities$59.8M-$15.1M$11.3M$13.5M$21.5M-$60.1M
Increase (Decrease) in Accounts Receivable$49.1M$83.9M-$131.1M$32.0M$25.2M$99.6M
Increase Decrease In Accrued Income Taxes Payable$8.9M-$67.1M$4.0M—$61.5M-$115.4M
Deferred revenue-$2.6M$1.5M$3.0M$198.0K$56.0K$644.0K
Increase (Decrease) in Income Taxes Receivable-$1.0K$48.2M-$48.2M$576.0K$0.0$227.0K
Increase (Decrease) in Inventories$8.7M$7.5M-$16.0M-$4.8M$655.0K$928.0K
Increase (Decrease) in Other Operating Assets-$883.0K$269.0K-$301.0K—-$290.0K-$243.0K
Increase (Decrease) in Prepaid Expense and Other Assets-$59.0M$54.1M$5.9M-$8.7M-$7.9M$3.0M
Increase Decrease In Vehicle Pooling Costs$15.2M-$4.5M-$25.6M—$2.0M$11.1M
Add - Incremental shares under stock-based compensation plans (in shares)$13.3M$13.2M$11.9M—$9.5M$7.9M
Interest Paid, Excluding Capitalized Interest, Operating Activity$10.0K$1.4M$601.0K$47.0K$641.0K$764.0K
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation$2.1M$35.6M$6.5M$7.9M$450.0K-$205.8M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation$1.7B-$574.7M-$1.7B-$28.4M$1.9B-$57.7M
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$482.3M$178.1M$700.9M$438.5M$535.3M$127.5M
Net Income Loss Attributable To Noncontrolling Interest-$910.0K-$859.0K-$1.3M—-$1.5M-$765.0K
Number of operating segments$2.0$0.0$0.0—$2.0$0.0
Number of reportable segments$2.0$0.0$0.0—$2.0$0.0
Foreign currency translation gains (losses)-$1.8M-$26.8M$58.3M—$207.0K$32.8M
Other income, net (Note 6)-$596.0K-$3.9M$8.5M$16.0M$2.9M$2.4M
Other Significant Noncash Transaction, Value of Consideration Received$0.0$57.5M——$2.0M$376.0K
Payment, Tax Withholding, Share-Based Payment Arrangement$720.0K$1.8M$874.0K$1.9M$1.3M$860.0K
Payments to Acquire Businesses, Net of Cash Acquired$1.3M-$44.0K$0.0$10.0K$4.7M-$5.0K
Payments To Acquire Interest In Subsidiaries And Affiliates$0.0$0.0$3.2M$4.0M$3.9M-$148.0K
Payments to Acquire Productive Assets$238.0M$174.1M$70.5M—$112.7M$69.6M
Payments to Acquire Property, Plant, and Equipment$236.8M$116.6M$128.0M$87.6M$108.0M$69.6M
Proceeds From Sale Of Held To Maturity Securities$1.9B$0.0$0.0—$2.0B$10.0M
Dispositions of property, plant, and equipment$243.0K$419.0K$3.9M$27.3M$7.9M$1.8M
Cash received from option exercises$2.9M$30.0M$7.3M$2.6M$1.8M$7.3M
Net additions (releases) charged to costs and expenses$1.1M-$38.0K-$903.0K$201.0K$2.0M$126.0K
Stock-based compensation$10.4M$9.3M$9.2M$9.1M$9.3M$10.2M
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value$51.56$0.18$0.02—$45.83$-0.54
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value$33.33$5.35$-1.05—$42.01$-1.82
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value$40.84$3.76$7.82—$47.78$-0.95
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period232K4K2K—488K42K
Stock Issued During Period Shares Restricted Stock Award Net Of Forfeitures42K102K50K—92K68K
Stock Issued During Period Shares Restricted Stock Award Forfeited6K4K18K—104K16K
Comprehensive Income (Loss), Total$359.4M$359.7M$463.6M—$402.4M$382.8M
Comprehensive Income Attributable to Noncontrolling Interests-$910.0K-$859.0K-$1.3M—-$1.5M-$765.0K
Comprehensive Income, Including Noncontrolling Interest$359.4M$359.7M$463.6M—$402.4M$382.8M
Foreign Currency Translation Adjustment, Net of Tax-$1.8M-$26.8M$58.3M—$207.0K$32.8M
Other Comprehensive Income (Loss)$360.3M$360.6M$464.9M—$403.9M$383.5M
Comprehensive Income Including Noncontrolling Interest$359.4M$359.7M$463.6M—$402.4M$382.8M
Total Comprehensive Income$359.4M$359.7M$463.6M—$402.4M$382.8M
Comprehensive Income, Noncontrolling Interest-$910.0K-$859.0K-$1.3M—-$1.5M-$765.0K
Comprehensive Income$359.4M$359.7M$463.6M—$402.4M$382.8M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Comprehensive income (loss), including noncontrolling interest$359.4M$359.7M$463.6M—$402.4M$382.8M
Net income attributable to noncontrolling interests-$910.0K-$859.0K-$1.3M—-$1.5M-$765.0K
Net income$362.1M$387.4M$406.6M$396.4M$403.7M$350.7M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Production and delivery$496.5M$490.1M$489.7M$468.0M$476.5M$478.4M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$0.38$0.40$0.42$0.41$0.42$0.36
Diluted earnings per share$0.37$0.40$0.42$0.40$0.41$0.36
Weighted-average shares, basic963.2M964.7M966.2M—967.7M967.2M
Weighted-average shares, diluted976.5M977.9M978.1M—977.1M975.1M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$451.3M$463.1M$502.8M$478.4M$487.1M$441.0M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating income$406.4M$426.2M$451.5M$412.6M$430.7M$388.7M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$1.1B$1.2B$1.2B$1.1B$1.2B$1.1B