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Carvana Co.

CVNANYSERetail-Auto Dealers & Gasoline StationsFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 28, 2026Score 11/30514% above fair value
$72.00+3.71 (+5.43%)

Close on Nov 2, 2026Market cap $79.23BP/E –Yield –

Carvana GAAP Net Income (Loss) Margin (% of Revenue) by Year

GAAP Net Income (Loss) Margin (% of Revenue) (%)

QuarterlyAnnual

Carvana GAAP Net Income (Loss) Margin (% of Revenue): 9.3% in FY2025, up 6.3 pts from a year earlier. That is the highest of the 12 years on record here.

Latest, FY2025
9.3%
Period ended Dec 31, 2025
Change on a year earlier
+6.3 pts
3.0% in FY2024
History
12 years
Since FY2014
Sources
3
Documents cited below

Where the FY2025 figure comes from

“|| Net income margin | 4.5 | % | 17.0 | % | 3.0 | % | 9.3 | %”

Source: Form 8-K (Shareholder Letter / Release) (a9918-k123125.htm, filed 2026-02-18) ↗

Reported in Form 8-K Shareholder Letters.

Annual history

Hover a value to see the sentence it was read from; calculated values show their formula

PeriodEndedGAAP Net Income (Loss) Margin (% of Revenue) (%)Year on yearSource
FY2025Dec 31, 20259.3%+6.3 ptsForm 8-K (Shareholder Letter / Release) (a9918-k123125.htm, filed 2026-02-18) ↗
FY2024Dec 31, 20243.0%+1.6 ptsForm 8-K (Shareholder Letter / Release) (a9918-k123124.htm, filed 2025-02-19) ↗
FY2023Dec 31, 20231.4%+22.7 ptsForm 8-K (Shareholder Letter / Release) (a9918-k123123.htm, filed 2024-02-22) ↗
FY2022Dec 31, 2022-21.3%-19.1 ptsForm 8-K (Shareholder Letter / Release) (a9918-k123123.htm, filed 2024-02-22) ↗
FY2021Dec 31, 2021-2.2%+6.1 ptsForm 8-K (Shareholder Letter / Release) (a9918-k123123.htm, filed 2024-02-22) ↗
FY2020Dec 31, 2020-8.3%+1.0 ptsForm 8-K (Shareholder Letter / Release) (a9918-k123123.htm, filed 2024-02-22) ↗
FY2019Dec 31, 2019-9.3%+3.7 ptsForm 8-K (Shareholder Letter / Release) (a9918-k123123.htm, filed 2024-02-22) ↗
FY2018Dec 31, 2018-13.0%+6.1 ptsForm 8-K (Shareholder Letter / Release) (a9918-k123123.htm, filed 2024-02-22) ↗
FY2017Dec 31, 2017-19.1%+6.4 ptsForm 8-K (Shareholder Letter / Release) (a9918-k123123.htm, filed 2024-02-22) ↗
FY2016Dec 31, 2016-25.5%+2.7 ptsForm 8-K (Shareholder Letter / Release) (a9918-k123123.htm, filed 2024-02-22) ↗
FY2015Dec 31, 2015-28.2%+8.4 ptsForm 8-K (Shareholder Letter / Release) (a9918-k123123.htm, filed 2024-02-22) ↗
FY2014Dec 31, 2014-36.6%–Form 8-K (Shareholder Letter / Release) (a9918-k123123.htm, filed 2024-02-22) ↗

Cite this data

StockData. (2026). Carvana GAAP Net Income (Loss) Margin (% of Revenue) (%), annual FY2014–FY2025 [Data set]. Compiled from Carvana SEC filings and investor materials. https://stockdatahq.com/stocks/cvna/kpis/net-income-margin-pct

See every metric in the Carvana KPI table. Data updated Oct 29, 2026.