Casey's General Stores (CASY) Q3 FY2026 earnings: revenue $3.9 billion, up 0.3% on the year

Casey's General Stores, Inc. (CASY) reported revenue of $3.9 billion for Q3 FY2026, the quarter ended 31 January 2026, up 0.3% on the same quarter a year earlier. Net income was $130 million, up 49.3% on the year, and diluted earnings per share $3.49. The figures are the company's own, from the 10-Q it filed with the SEC on 9 March 2026.

Revenue

$3.9 billion

+0.3% on the year · -13.1% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

7.9%

6.2% a year earlier

Q4 FY2024Q3 FY2026

Net income

$130 million

+49.3% on the year · -37.0% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$3.49

+49.8% on the year · -36.9% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 3 raised, 2 lowered, 1 narrowed, 4 kept.

Diluted EPS rose 49.8%: Diluted EPS was $3.49 against $2.33. Net income was $130.1 million, up 49.3%, and EBITDA was $308.9 million, up 27.5%. Nine-month diluted EPS was $14.79 against $12.01.
Inside same-store sales up 4.0%: Inside same-store sales rose 4.0% against 3.7%, and 7.9% on a two-year stack. Inside sales were $1,480.2 million, up 5.7%, and inside gross profit rose 8.9% to $624.0 million.
Fuel margin rose to 41.0 cents: Fuel margin, excluding credit card fees, was 41.0 cents per gallon against 36.4 cents a year earlier.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	3,916	4,506	3,904	-13.1%	+0.3%
Cost of revenue	2,910	3,384	2,991	-14.0%	-2.7%
Gross profit	1,007	1,122	913	-10.3%	+10.3%
Gross margin	25.7%	24.9%	23.4%
Operating income	309	410	242	-24.7%	+27.5%
Operating margin	7.9%	9.1%	6.2%
Interest expense	23.4	24.7	29.4	-5.3%	-20.5%
Pre-tax income	171	274	108	-37.4%	+59.1%
Income tax	41.4	67.7	20.7	-38.8%	+100.3%
Effective tax rate	24.1%	24.7%	19.2%
Net income	130	206	87.1	-37.0%	+49.3%
Net margin	3.3%	4.6%	2.2%
Diluted EPS	$3.49	$5.53	$2.33	-36.9%	+49.8%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	260	347	205	-25.2%	+26.6%
Capital expenditure	184	171	114	+7.4%	+60.8%
Free cash flow	75.8	176	90.7	-56.9%	-16.4%
Free cash flow margin	1.9%	3.9%	2.3%
Cash from investing	-169	-242	-1,277
Cash from financing	-118	-70.9	-45.3
Depreciation and amortisation	114	111	105	+2.4%	+8.4%
Share-based compensation	12.3	15.4	11.8	-20.1%	+4.1%
Buybacks	74.8	31.3	0.0	+139.2%
Dividends paid	21.2	21.2	18.6	-0.2%	+14.1%
Diluted shares, weighted	37m	37m	37m	-0.1%	-0.3%
Shares outstanding at period end	37m	37m	37m	-0.3%	-0.4%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	3,853	3,810	3,417	+1.2%	+12.8%
Debt	2,433	2,453	2,683	-0.8%	-9.3%
Operating lease liabilities	463	464	437	-0.4%	+5.8%
Other liabilities	1,837	1,858	1,683	-1.2%	+9.1%
Total liabilities and equity	8,586	8,585	8,220	+0.0%	+4.4%
Fixed assets	5,613	5,567	5,341	+0.8%	+5.1%
Goodwill	1,266	1,266	1,241	0.0%	+2.1%
Cash and equivalents	465	492	395	-5.5%	+17.8%
Receivables	187	193	166	-3.0%	+12.3%
Inventory	441	452	482	-2.5%	-8.6%
Other assets	613	615	596	-0.3%	+3.0%
Total assets	8,586	8,585	8,220	+0.0%	+4.4%

Questions

What was Casey's General Stores' revenue in Q3 FY2026?

Casey's General Stores (CASY) reported revenue of $3.9 billion for Q3 FY2026, the quarter ended 31 January 2026, up 0.3% on the same quarter a year earlier.

How much did Casey's General Stores earn in Q3 FY2026?

Net income for Q3 FY2026 was $130 million, up 49.3% on the year, and diluted earnings per share $3.49.

When did Casey's General Stores report Q3 FY2026 results?

Casey's General Stores filed its 10-Q for the quarter ended 31 January 2026 with the SEC on 9 March 2026.

Quarterly results, the last 20 quarters

	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026 *	Q1 FY2027
Revenue	3,263	3,049	3,459	4,455	3,979	3,333	3,329	3,869	4,064	3,329	3,600	4,098	3,947	3,904	3,993	4,567	4,506	3,916	4,572	5,678
Cost of revenue	2,545	2,384	2,802	3,618	3,168	2,595	2,641	2,991	3,179	2,543	2,802	3,142	2,988	2,991	3,067	3,455	3,384	2,910	3,491	4,439
Gross profit	718	664	657	836	811	737	688	878	886	787	798	955	959	913	926	1,112	1,122	1,007	1,080	1,239
Gross margin	22%	22%	19%	19%	20%	22%	21%	23%	22%	24%	22%	23%	24%	23%	23%	24%	25%	26%	24%	22%
Operating income	217	173	166	293	272	222	166	317	306	218	219	346	349	242	263	414	410	309	350	485
Operating margin	7%	6%	5%	7%	7%	7%	5%	8%	8%	7%	6%	8%	9%	6%	7%	9%	9%	8%	8%	9%
Interest expense	13.5	14.4	15.3	13.8	13.5	11.7	12.8	12.5	12.3	14.1	14.5	14.1	12.6	29.4	27.9	26.9	24.7	23.4	21.7	22.1
Pre-tax income	129	83.5	n/a	203	180	132	n/a	221	208	115	n/a	237	240	108	n/a	278	274	171	n/a	347
Tax rate	25%	23%	n/a	25%	24%	24%	n/a	24%	24%	24%	n/a	24%	25%	19%	n/a	23%	25%	24%	n/a	21%
Net income	96.8	64.0	59.8	153	138	100	56.1	169	159	86.9	87.0	180	181	87.1	98.3	215	206	130	163	274
Net margin	3%	2%	2%	3%	3%	3%	2%	4%	4%	3%	2%	4%	5%	2%	2%	5%	5%	3%	4%	5%
Diluted EPS	$2.59	$1.71	$1.61	$4.09	$3.67	$2.67	$1.49	$4.52	$4.24	$2.33	$2.34	$4.83	$4.85	$2.33	$2.63	$5.77	$5.53	$3.49	$4.37	$7.37
Operating cash flow	214	81.2	252	276	210	150	245	229	253	123	288	281	271	205	334	372	347	260	399	384
Capital expenditure	78.5	105	98.3	82.1	95.3	124	175	68.9	107	150	196	101	111	114	181	110	171	184	191	194
Free cash flow	135	-23.5	154	194	115	26.5	70.1	160	146	-27.0	92.1	181	160	90.7	153	262	176	75.8	207	190
Buybacks	n/a	n/a	n/a	0.0	0.0	0.0	0.0	29.9	29.6	30.3	15.1	0.0	0.7	0.0	0.0	31.3	31.3	74.8	63.2	44.9
Dividends paid	12.6	13.0	13.0	13.1	14.2	14.2	14.2	14.9	16.0	16.0	15.9	16.6	18.6	18.6	18.6	19.7	21.2	21.2	21.1	22.3
Shares outstanding	37m	37m	37m	37m	37m	37m	37m	37m	37m	37m	37m	37m	37m	37m	37m	37m	37m	37m	37m	37m
Filing	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 31 January 2026, filed 9 March 2026: the filing.