Copart, Inc.: International growth offset domestic volume weakness

Copart, Inc. 2026 Q4: Financial Performance summary

• Fiscal 2026 revenue was $4.7 billion, up 0.4%; excluding the fiscal 2025 benefit from Hurricanes Helene and Milton, revenue grew 2.4%.
• Fourth-quarter consolidated revenue reached $1.2 billion, increasing 2.4% year over year, driven by service revenue growth and purchased vehicle sales.
• Fourth-quarter global gross profit declined 5.5% to $481 million, with gross margin of 41.8%; fiscal-year gross profit declined 0.8% to $2.1 billion, with a 44.7% margin.
• Fourth-quarter net income attributable to Copart declined 17.4% to $327.4 million, or $0.35 per diluted share; fiscal-year net income declined 4.4% to $1.48 billion, or $1.55 per share.
• Fourth-quarter operating income decreased 10.6% to $368.9 million, while fiscal-year operating income decreased 2.6% to $1.7 billion.
• Global units sold declined 2.9% in the fourth quarter and 5.5% for fiscal 2026, while average selling prices increased 3.5% and 5.5%, respectively.
• International fourth-quarter revenue increased 11.7% to $222.1 million, with international gross profit up 11.8% to $77.6 million and operating income of $56.8 million.
• U.S. fourth-quarter revenue increased 0.4%, while U.S. gross profit declined 8.3% to $403.8 million and U.S. operating income was $312.2 million.