Carmax (KMX) Operating Expenses (2009 - 2026)

Carmax has reported Operating Expenses for 18 years, with the latest figure at $635.2 million in Q2 2026.

• On a quarterly basis, Operating Expenses fell 3.71% year-over-year to $635.2 million in Q2 2026; TTM through May 2026 was $2.4 billion, a 1.12% decrease from a year earlier, with the FY2026 full-year figure at $2.8 billion, up 1.78% from the prior year.
• Operating Expenses was $635.2 million for Q2 2026 at Carmax, up from $611.3 million in the prior quarter.
• The five-year high for Operating Expenses was $666.0 million in Q3 2022, with the low at $559.8 million in Q2 2023.
• Average Operating Expenses over 5 years is $606.6 million, with a median of $605.8 million recorded in 2025.
• The sharpest annual moves came in 2022 and 2023: Operating Expenses advanced 22.51% in 2022, then retreated 14.76% in 2023.
• Over 5 years, Operating Expenses stood at $591.7 million in 2022, then slipped by 5.37% to $560.0 million in 2023, then climbed by 2.82% to $575.8 million in 2024, then increased by 0.97% to $581.4 million in 2025, then rose by 9.26% to $635.2 million in 2026.
• The last three Operating Expenses figures came in at $635.2 million (Q2 2026), $611.3 million (Q1 2026), and $581.4 million (Q4 2025), per Business Quant data.