Company file · CASY

Casey's

Casey's' revenue rose 10.2% in FY2026, to $17.6B, and net income rose 30.7% to $714M

Revenue rose 10.2% to $17.6B in FY2026, from $15.9B in FY2025. Net income rose 30.7% to $714M.

Prepared from SEC filings · Latest annual report: 10-K for FY2026 (filed Jun 22, 2026) · Latest quarter: 10-Q for the quarter ended Jul 31, 2026 (filed Sep 8, 2026) · Data pulled Nov 11, 2026

Key facts

In fiscal 2026, which ended Apr 30, 2026, Casey's (Nasdaq: CASY) took in $17.6B of revenue (up 10.2% on fiscal 2025); net income was $714M (up 30.7%). The most recent quarter, ended Jul 31, 2026, brought revenue of $5.7B, up 24.3% year over year, with net income of $274M. Sources: 10-K for fiscal 2026 (filed Jun 22, 2026) and 10-Q for the quarter ended Jul 31, 2026 (filed Sep 8, 2026).

Revenue$17.6BFY2026 · +10.2% vs FY2025

Net income$714MFY2026 · +30.7% vs FY2025

Operating cash flow$1.4BFY2026 · +26.3% vs FY2025

Cash & equivalents$524Mat Jul 31, 2026 · +0.2% vs FY2026 end

Total debt$2.4Bat Jul 31, 2026 · −0.0% vs FY2026 end

Diluted shares37MFY2026 avg · −0.2% vs FY2025

Revenue and net income, three fiscal yearsBy fiscal year, $bn

RevenueNet income

Source: 10-K FY2026, filed Jun 22, 2026

Quarterly revenue: fiscal 2027 vs a year earlierFiscal Q1, $bn (each quarter from that quarter's 10-Q)

FY2026FY2027

Source: 10-Q filed Sep 8, 2026

How it makes money

Casey's reported revenue of $17.6B for FY2026, and net income of $714M.

Learn more: Revenue vs. net income · Gross, operating and net margin

What changed last quarter

How the quarter compared with a year earlier

Comparing Q1 FY2027 (May to Jul 2026) compared with Q1 FY2026 (May to Jul 2025)

Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.

Q1 FY2027Q1 FY2026

Company

Revenue

$5.7B Q1 FY2027

$4.6B Q1 FY2026

24.3% increase

Net income

$274M Q1 FY2027

$215M Q1 FY2026

27.1% increase

Source: Casey's 10-Q for the quarter ended Jul 31, 2026, filed Sep 8, 2026

Cash & equivalents $524M at Jul 31, 2026, vs $523M at FY2026 end.
Total debt $2.4B at Jul 31, 2026, vs $2.4B at FY2026 end.
Operating cash flow, first 3 months of fiscal 2027: $384M vs $372M a year earlier.

The bull case and the bear case

The bull case

Revenue rose 10.2% in FY2026 to $17.6B, from $15.9B a year earlier. 10-K, FY2026
Net income rose 30.7% in FY2026 to $714M, from $547M. 10-K, FY2026
Operating cash flow rose 26.3% in FY2026 to $1.4B. 10-K, FY2026
Total debt fell 3.1% in FY2026 to $2.4B. 10-K, FY2026

The bear case

The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include costs; consumer habits; retail customers. 10-K, Item 1A

What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.

What the company does

Casey's is in the food retail industry, part of the consumer staples sector. The SEC files it under Retail-Auto Dealers & Gasoline Stations.

The full description of Casey's' business is in Item 1 of its 10-K, linked below. This page shows its revenue in total only, because its tagged data has no breakdown that adds up to total revenue.

Its fiscal year ends in April; the latest, FY2026, ended Apr 30, 2026.

Source: 10-K, Item 1 Business

Risks common in this industry

These are general risks for companies in the food retail industry. They are not a summary of Casey's’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.

CostsCommodity, packaging and freight costs can rise faster than prices.
Consumer habitsShoppers can trade down to store brands or change what they buy.
Retail customersA few large retailers account for much of its sales.
Regulation and safetyFood and product safety rules and recalls can bring cost and reputational harm.
CompetitionRivals and private-label products compete for shelf space and prices.

Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)

Three years of key numbers

Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.

US$	FY2024	FY2025	FY2026
Revenue	$14.9B	$15.9B	$17.6B
Net income	$502M	$547M	$714M
Operating cash flow	$893M	$1.1B	$1.4B
Cash & equivalents (year end)	$206M	$327M	$523M
Total debt (year end)	$1.6B	$2.5B	$2.4B
Diluted shares	37M	37M	37M

Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
Total debt: The current part of long-term debt plus long-term debt, at carrying value.
Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.

Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator

Explainers for this page

Plain-English guides to terms this file uses, with real numbers from filings.

About these numbers

Casey's names its fiscal year by the calendar year in which it ends, so FY2026 is the year that ended Apr 30, 2026.

What we left out

Revenue by segment, product or region: the company's XBRL data has no breakdown that adds up to total revenue, so none is shown. The 10-K has its own segment note.

Recent filings

Form	Filed	Period
10-Q	Sep 8, 2026	Jul 31, 2026
DEF 14A	Jul 22, 2026	Sep 2, 2026
10-K	Jun 22, 2026	Apr 30, 2026

Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters

Common questions about Casey's

How does Casey's make money?

In fiscal 2026, revenue totaled $17.6B. Casey's reported revenue of $17.6B for FY2026, and net income of $714M. Source: 10-K for fiscal 2026, filed Jun 22, 2026.

What was Casey's's revenue in fiscal 2026?

Revenue came to $17.6B in the year ended Apr 30, 2026. Going back two years, it was $14.9B in fiscal 2024 and $15.9B in fiscal 2025, so the latest year was up 10.2%. Source: 10-K for fiscal 2026, filed Jun 22, 2026.

Is Casey's profitable?

Yes, by US accounting rules (GAAP): net income was $714M in fiscal 2026, up 30.7% from $547M a year earlier. For the quarter ended Jul 31, 2026, net income was $274M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2026, filed Jun 22, 2026.

What did Casey's report in its latest quarterly filing?

The 10-Q for the quarter ended Jul 31, 2026 shows revenue of $5.7B, against $4.6B in the same quarter a year before (up 24.3%), and net income of $274M, against $215M (up 27.1%). Source: 10-Q for the quarter ended Jul 31, 2026, filed Sep 8, 2026.

How much cash and debt does Casey's have?

On Jul 31, 2026, cash and cash equivalents stood at $524M and total debt at $2.4B. Total debt here is the current part of long-term debt plus long-term debt, at carrying value. Source: 10-Q filed Sep 8, 2026.

What are the main risks Casey's faces?

Casey's's own risk factors are in Item 1A of its 10-K for fiscal 2026, filed Jun 22, 2026. Risks that are common among companies in the food retail industry include Costs; consumer habits; retail customers; regulation and safety; competition. The first: Commodity, packaging and freight costs can rise faster than prices. Source: 10-K, Item 1A Risk Factors.

Where do these Casey's numbers come from?

Two filings Casey's made with the SEC: its fiscal 2026 10-K, filed Jun 22, 2026, and its 10-Q for the quarter ended Jul 31, 2026, filed Sep 8, 2026. The figures are taken from the XBRL data the SEC publishes, and every one links back to its source. Methodology explains how fiscal years and missing numbers are handled.

Tracked funds that report owning Casey's

Citadel Advisors: 86,324 shares, reported value $68.6M at Jun 30, 2026 (+88.5% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
Two Sigma Investments: 34,536 shares, reported value $27.4M at Jun 30, 2026 (+804.1% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Bridgewater Associates: 12,192 shares, reported value $9.7M at Jun 30, 2026 (+191.9% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Millennium Management: 11,406 shares, reported value $9.1M at Jun 30, 2026 (+161.5% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
Renaissance Technologies: 5,512 shares, reported value $4.4M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 13, 2026.

From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.

Disclosures

Editor holdings in CASY: The editor holds no position in Casey's (CASY). As of Nov 11, 2026.
Trading rule: The editor does not buy or sell CASY from 3 days before to 3 days after this page is published or substantively updated.
Compensation: Nobody paid for this page. No affiliate links on this page.
Sources: The company's SEC filings, linked next to each number or, for charts, in the source line under them.
Last updated: Nov 9, 2026

General education, the same for every reader. Not a recommendation to buy, sell or hold CASY, and it doesn't consider your situation.

Compare with peers

Company	Fiscal year	Revenue	Revenue growth	Net income
Casey'sCASY	FY2026	$17.6B	+10.2%	$714M
KrogerKR	FY2026	$147.6B	+0.4%	$1.0B
WalmartWMT	FY2026	$713.2B	+4.7%	$21.9B
CostcoCOST	FY2026	$303.2B	+10.1%	$9.2B

Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.

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New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.