CorVel Corporation (CRVL) Income Statement
CRVL FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsCRVL revenue and net income
Where CRVL's revenue goes
FY2026Each bar shows an amount and its share of revenue. CRVL kept 11.5% of revenue as net income.
CRVL profit margins
CRVL growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +7.0% | +10.1% | +11.6% | +6.6% |
| Gross profit | +11.0% | +13.7% | +13.5% | +8.3% |
| Operating income | +18.5% | +19.2% | +19.3% | +12.0% |
| Net income | +16.0% | +18.5% | +18.9% | +14.5% |
| EPS (diluted) | −40.3% | −17.3% | −3.5% | +3.8% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
CRVL quarterly EPS vs estimates
CorVel beat the analyst EPS estimate in 2 of the last 2 quarters. Next report: November 3, 2026.
CRVL income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $958.5M | $895.6M | $795.3M | $718.6M | $646.2M | $552.6M | $592.2M | $595.7M | $558.4M | $518.7M |
| Cost of revenue | $725.7M | $685.9M | $623.6M | $560.3M | $494.1M | $429.0M | $466.3M | $470.9M | $451.1M | $413.9M |
| Gross profit | $232.9M | $209.7M | $171.7M | $158.3M | $152.1M | $123.6M | $125.9M | $124.8M | $107.3M | $104.8M |
| Research & development | — | — | — | — | — | — | — | — | $0 | $0 |
| Sales, general & admin | $89.73B | $88.9M | $76.6M | $73.7M | $67.6M | $64.4M | $65.2M | $63.3M | $59.4M | $57.2M |
| Total operating expenses | $89.7M | $88.9M | $76.6M | $73.7M | $67.6M | $64.4M | $65.2M | $63.3M | $59.4M | $57.2M |
| Operating income | $143.1M | $120.8M | $95.1M | $84.6M | $84.5M | $59.2M | $60.7M | $61.5M | $47.9M | $47.5M |
| Interest expense | — | — | — | $25.1M | $23.9M | $23.4M | $22.5M | $0 | $0 | $0 |
| Income before taxes | $143.1M | $120.8M | $95.1M | $84.6M | $84.5M | $59.2M | $60.7M | $61.5M | $47.9M | $47.5M |
| Income taxes | $32.8M | $25.7M | $18.8M | $18.2M | $18.1M | $12.8M | $13.3M | $14.8M | $12.2M | $18.1M |
| Net income | $110.3M | $95.2M | $76.3M | $66.4M | $66.4M | $46.4M | $47.4M | $46.7M | $35.7M | $29.5M |
| EBITDA | $174.9M | $150.4M | $121.4M | $109.7M | $108.4M | $82.6M | $83.2M | $84.5M | $69.7M | $68.5M |
| EPS (diluted) | $2.13 | $3.57 | $4.40 | $3.77 | $3.65 | $2.55 | $2.54 | $2.46 | $1.74 | $2.64 |
| Gross margin | 24.3% | 23.4% | 21.6% | 22.0% | 23.5% | 22.4% | 21.3% | 21.0% | 19.2% | 20.2% |
| Operating margin | 14.9% | 13.5% | 12.0% | 11.8% | 13.1% | 10.7% | 10.3% | 10.3% | 8.6% | 9.2% |
| Net margin | 11.5% | 10.6% | 9.6% | 9.2% | 10.3% | 8.4% | 8.0% | 7.8% | 6.4% | 5.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $259.9M | $248.5M | $235.6M | $239.6M | $234.7M | $231.5M | $228.0M | $224.4M | $211.7M | $207.2M | $202.3M | $195.5M |
| Cost of revenue | $200.9M | $185.5M | $180.7M | $181.5M | $177.9M | $173.5M | $175.1M | $173.6M | $163.6M | $163.8M | $160.1M | $151.3M |
| Gross profit | $59.0M | $63.0M | $54.9M | $58.2M | $56.8M | $58.0M | $52.9M | $50.7M | $48.2M | $43.4M | $42.2M | $44.3M |
| Sales, general & admin | $636,000 | $89.67B | $22.7M | $22.3M | $21.5M | $24.6M | $22.1M | $22.1M | $20.1M | $20.8M | $19.8M | $19.5M |
| Total operating expenses | $15.7M | $23.3M | $22.7M | $22.3M | $21.5M | $24.6M | $22.1M | $22.1M | $20.1M | $20.8M | $19.8M | $19.5M |
| Operating income | $43.3M | $39.7M | $32.2M | $35.9M | $35.3M | $33.3M | $30.8M | $28.7M | $28.0M | $22.6M | $22.4M | $24.7M |
| Income before taxes | $43.3M | $39.7M | $32.2M | $35.9M | $35.3M | $33.3M | $30.8M | $28.7M | $28.0M | $22.6M | $22.4M | $24.7M |
| Income taxes | $11.1M | $8.7M | $8.1M | $8.0M | $8.0M | $6.9M | $7.0M | $5.3M | $6.5M | $3.1M | $5.3M | $4.8M |
| Net income | $32.2M | $31.0M | $24.2M | $27.9M | $27.2M | $26.4M | $23.8M | $23.4M | $21.6M | $19.5M | $17.1M | $19.9M |
| EBITDA | $52.1M | $48.0M | $40.3M | $43.7M | $42.9M | $40.9M | $38.3M | $36.4M | $34.8M | $29.3M | $29.1M | $31.2M |
| EPS (diluted) | $0.63 | $0.60 | $0.47 | $0.54 | $0.52 | $0.51 | $0.46 | $1.35 | $1.25 | $1.12 | $0.99 | $1.15 |
| Gross margin | 22.7% | 25.4% | 23.3% | 24.3% | 24.2% | 25.0% | 23.2% | 22.6% | 22.7% | 20.9% | 20.8% | 22.6% |
| Operating margin | 16.7% | 16.0% | 13.7% | 15.0% | 15.0% | 14.4% | 13.5% | 12.8% | 13.2% | 10.9% | 11.1% | 12.6% |
| Net margin | 12.4% | 12.5% | 10.3% | 11.6% | 11.6% | 11.4% | 10.4% | 10.4% | 10.2% | 9.4% | 8.5% | 10.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in CRVL's financial statements (latest annual report filed May 22, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
CRVL financial results
In fiscal year 2026 (ended March 31, 2026), CorVel reported revenue of $958.5 million, up 7.0% from the year before. It had net income of $110.3 million (up 16.0%), a net profit margin of 11.5%. Diluted earnings per share came to $2.13. Over five years revenue grew at an average rate of 11.6% a year.
See the CRVL stock overview for the latest quote and news, or the CRVL chart for price history and technical indicators.
CRVL income statement FAQ
What is CorVel's annual revenue?
CorVel reported total revenue of $958.5 million for fiscal year 2026, which ended on March 31, 2026. That was up 7.0% from $895.6 million the previous year.
Is CorVel profitable?
Yes. CorVel reported net income of $110.3 million in fiscal 2026, a net profit margin of 11.5%; its operating margin was 14.9%.
What is CorVel's gross margin?
CorVel's gross margin was 24.3% in fiscal 2026: for every $100 of revenue, CorVel kept $24 after the direct cost of its products and services.
How fast is CorVel growing?
Revenue grew 11.6% a year on average over the last five fiscal years, from $552.6 million to $958.5 million.
What are CorVel's earnings per share?
CorVel earned $2.13 per diluted share in fiscal 2026, compared with $3.57 a year earlier.
When will CorVel report its next earnings?
CorVel is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 before the market opens.
When does CorVel's fiscal year end?
CorVel's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on May 22, 2026.