Carvana (CVNA) Operating Expenses (2016 - 2026)

Carvana has reported Operating Expenses for 11 years, with the latest figure at $704.0 million in Q2 2026.

• On a quarterly basis, Operating Expenses rose 27.77% year-over-year to $704.0 million in Q2 2026; TTM through Jun 2026 was $2.6 billion, a 27.67% increase from a year earlier, with the FY2025 full-year figure at $2.3 billion, up 23.16% from the prior year.
• Operating Expenses was $704.0 million for Q2 2026 at Carvana, up from $690.0 million in the prior quarter.
• The five-year high for Operating Expenses was $727.0 million in Q1 2022, with the low at $433.0 million in Q3 2023.
• Average Operating Expenses over 5 years is $561.6 million, with a median of $543.0 million recorded in 2025.
• The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 83.12% in 2022, then tumbled 37.31% in 2023.
• Over 5 years, Operating Expenses stood at $632.0 million in 2022, then slumped by 30.54% to $439.0 million in 2023, then increased by 12.53% to $494.0 million in 2024, then advanced by 26.92% to $627.0 million in 2025, then climbed by 12.28% to $704.0 million in 2026.
• The last three Operating Expenses figures came in at $704.0 million (Q2 2026), $690.0 million (Q1 2026), and $627.0 million (Q4 2025), per Business Quant data.