Carmax (KMX) Operating Expenses (2009 - 2026)

Carmax's Operating Expenses history runs 18 years deep, the most recent figure standing at $611.3 million for Q1 2026.

• In Q1 2026, Operating Expenses changed 0.13% year-over-year to $611.3 million; the TTM figure through Feb 2026 stood at $2.5 billion (up 0.74% YoY), while the FY2026 annual figure was $2.8 billion, up 1.78% from the prior year.
• Operating Expenses was $611.3 million for Q1 2026 at Carmax, up from $581.4 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $666.0 million in Q3 2022 to a low of $559.8 million in Q2 2023.
• Historically, Operating Expenses has averaged $604.9 million across 5 years, with a median of $601.1 million in 2025.
• The sharpest annual moves came in 2022 and 2023: Operating Expenses gained 22.51% in 2022, then fell 14.76% in 2023.
• A 5-year view of Operating Expenses shows it stood at $591.7 million in 2022, then decreased by 5.37% to $560.0 million in 2023, then advanced by 2.82% to $575.8 million in 2024, then grew by 0.97% to $581.4 million in 2025, then advanced by 5.15% to $611.3 million in 2026.
• The last three Operating Expenses figures came in at $611.3 million (Q1 2026), $581.4 million (Q4 2025), and $601.1 million (Q3 2025), per Business Quant data.