Carvana (CVNA) Operating Expenses (2016 - 2026)

Carvana's Operating Expenses history runs 11 years deep, the most recent figure standing at $690.0 million for Q1 2026.

• In Q1 2026, Operating Expenses rose 28.97% year-over-year to $690.0 million; the TTM figure through Mar 2026 stood at $2.5 billion (up 26.11% YoY), while the FY2025 annual figure was $2.3 billion, up 23.16% from the prior year.
• Operating Expenses was $690.0 million for Q1 2026 at Carvana, up from $627.0 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $727.0 million in Q1 2022 to a low of $433.0 million in Q3 2023.
• Historically, Operating Expenses has averaged $553.2 million across 5 years, with a median of $535.0 million in 2025.
• The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 83.12% in 2022, then plunged 37.31% in 2023.
• A 5-year view of Operating Expenses shows it stood at $632.0 million in 2022, then tumbled by 30.54% to $439.0 million in 2023, then grew by 12.53% to $494.0 million in 2024, then gained by 26.92% to $627.0 million in 2025, then climbed by 10.05% to $690.0 million in 2026.
• The last three Operating Expenses figures came in at $690.0 million (Q1 2026), $627.0 million (Q4 2025), and $595.0 million (Q3 2025), per Business Quant data.