Carvana (CVNA) Operating Expenses (2016 - 2026)

Carvana (CVNA) has reported Operating Expenses for 11 consecutive years, with $690.0 million the latest figure, recorded in 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 came in at $690.0 million for Q1 2026 at Carvana, up from $627.0 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 $553.2 million, with a median of $535.0 million recorded in 2025.
• Across the five-year window, Operating Expenses jumped 83.12% in 2022 and sank 37.31% in 2023, its largest moves.
• Year by year, Operating Expenses stood at $632.0 million in 2022, then plunged by 30.54% to $439.0 million in 2023, then gained by 12.53% to $494.0 million in 2024, then grew by 26.92% to $627.0 million in 2025, then rose by 10.05% to $690.0 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $690.0 million, $627.0 million, and $595.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.