---
title: "Copart: Business Model & Revenue Engine"
description: "Copart revenue by product line from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained."
canonical: https://www.getswoopr.com/stocks/companies/copart/business-model/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# Copart: Business Model & Revenue Engine



## Direct Answer

Copart reports revenue across 2 product and service lines in its fiscal 2025 Form 10-K. Service is the largest, with $4.0 billion of revenue (85% of the total), followed by Product at $678 million (15%).

## How Does Copart Make Money?

Service supplies 85% of revenue, so Copart's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, Service grew fastest (+11.4%) and Product slowest (+0.4%), so the revenue mix tilts toward Service while that gap lasts.

| Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Service | $4.0 billion | $3.6 billion | 85.4% | 11.4% |
| Product | $678 million | $676 million | 14.6% | 0.4% |

![Bar chart of Copart revenue by product line for fiscal 2025: Service 85.4%, Product 14.6%.](https://www.getswoopr.com/images/charts/copart-business-model-segment-mix.webp)
*Copart revenue by product line as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.*

## What the Segment Figures Do Not Show

The rows above add up to 100% of Copart's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.

## Where These Numbers Come From

Every figure on this page is a value Copart reported in the segment note and revenue disclosures of its Form 10-K filed September 26, 2025 (accession 0001628280-25-042946), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.

Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What are Copart's main products and services?

In its fiscal 2025 Form 10-K, Copart reports revenue for Service and Product.

### Which part of Copart brings in the most revenue?

Service, with $4.0 billion of revenue in fiscal 2025, or 85% of the total.

### Where does Copart report its segment results?

In the segment note to the financial statements in its Form 10-K, most recently filed September 29, 2026, alongside management's discussion of each segment's results.

## References

- [SEC EDGAR: COPART INC Form 10-K filed September 29, 2026](https://www.sec.gov/Archives/edgar/data/900075/000119312526405731/cprt-20260731.htm)
- [SEC EDGAR: COPART INC annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=900075&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)
- [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets)

## Related Pages

- [Copart company dossier](https://www.getswoopr.com/stocks/companies/copart/)
- [Copart financial metrics](https://www.getswoopr.com/stocks/companies/copart/metrics/)
- [Copart financial risk indicators](https://www.getswoopr.com/stocks/companies/copart/risks/)
- [Copart peer comparison](https://www.getswoopr.com/stocks/companies/copart/competitors/)
- [Copart business model and revenue mix](https://www.getswoopr.com/stocks/companies/copart/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)





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