Costco
What matters nowUpdated 3 h ago
- Costco reported September 2026 net sales of $30.02 billion, up 13.0% from a year earlier, with total comparable sales up 11.4% and 7.6% excluding gasoline prices and currency effects 1. The annual report on Form 10-K for the fiscal year ended Aug 30, 2026 was filed Oct 6, 2026 2.
- The stock was quoted at $957.40 on the pooled 24/7 venue price, down 0.27% from the previous close of $959.94. Its most recent logged move was a 2.54% gain on Sep 25, 2026 (z-score 2.87), the day after fourth-quarter results were filed 3 4.
- Fourth-quarter fiscal 2026 net sales rose 11.2% to $93.9 billion and diluted EPS was $6.75 against $5.87 a year earlier, including a $0.15 per share benefit from IEEPA tariff refunds, so EPS excluding that benefit was about $6.60 3. Membership fees rose to $1.85 billion from $1.72 billion. Over the trailing twelve months to Aug 30, 2026, revenue grew 10.1% and EPS grew 14.0%, with a net margin of 3.0%.
- Valuation is 46.1 times trailing earnings, 28.6 times EV/EBITDA and a 2.2% free-cash-flow yield, with net cash of $14.0 billion at Aug 30, 2026. Over the past 180 days there were three insider sales totaling 3,885.6 shares worth $3.6 million and no insider purchases.
- The next scheduled items are the September 2026 CPI release on Oct 14 at 12:30 UTC and Q1 fiscal 2027 earnings, estimated for Dec 10, 2026 and not yet confirmed. Polymarket odds for the October Fed meeting put no change at 81.5% and a 25 bp increase at 17.5%.
Costco Wholesale Corporation, September sales results (investor relations) · Oct 7
SEC EDGAR · Oct 6
SEC Form 8-K, Exhibit 99.1 (Costco) · Sep 24
SEC EDGAR · Sep 24
Costco runs a membership warehouse club: a limited range of about 4,000 core SKUs sold in large packs at thin margins, with gasoline, pharmacy, optical and travel alongside. Membership fees are the profit engine that funds low merchandise margins, so the stock trades on paid members, renewal rates, fee income and comparable sales, with gross margin on merchandise a secondary input. Fiscal 2026 (ended August 30, 2026) net sales were $297.2 billion and net income $9.2 billion.
How it makes money
Costco earns most of its operating profit from membership fees ($5.9 billion in fiscal 2026) paid by about 84 million paid members, and earns a thin margin on merchandise, gasoline and ancillary services sold through 939 warehouses at year-end. Kirkland Signature private-label goods are a growing share of sales. Renewal rates (92.3% in the U.S. and Canada, 89.8% worldwide at fiscal year-end 2026) and fee increases drive membership income. Digitally enabled sales were 11% of fiscal 2026 net sales.
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TTM through 2026-08-30 from SEC filings (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price. Quarterly statements →
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Warehouse club (core membership warehouses)
939 warehouses at fiscal year-end 2026, 84.1 million paid members, 92.3% U.S. and Canada renewal.
Membership fees
Fiscal 2026 membership fee income $5.9 billion, up about 11% year on year.
Gasoline
774 gas stations at fiscal year-end 2026; gasoline about 11% of fiscal 2026 net sales.
Digital and e-commerce
Digitally enabled comparable sales up 19.5% in Q4 fiscal 2026.
Latest newsAll news →
Costco September sales rise 13% to $30.02B; comparable sales up 11.4%
Costco reported September 2026 net sales of $30.02 billion for the five-week retail month ended October 4, up 13.0% from a year earlier.
Costco Q4 FY2026: net sales $93.9B, EPS $6.75 with a $0.15 tariff-refund boost
Costco reported fourth-quarter fiscal 2026 net sales of $93.9 billion, up 11.2%, and net income of $2.998 billion, or $6.75 per diluted share, against $5.87 a year earlier.
Costco August sales rise 9.9% to $23.70B; comparable sales up 8.4%
Costco's August 2026 retail month, four weeks to August 30, produced net sales of $23.70 billion, up 9.9% from a year earlier.
Costco July sales rise 10.7% to $23.12B; adjusted comparable sales up 6.6%
Costco's July 2026 retail month, four weeks to August 2, had net sales of $23.12 billion, up 10.7% from $20.89 billion a year earlier.
Costco declares $1.47 quarterly dividend as June sales rise 10.6%
In the same release as its June sales, Costco's board declared a $1.47 per share quarterly cash dividend, payable August 7, 2026 to holders of record on July 24.
Director Kenneth Denman sells 885 COST shares at about $957
A Form 4 filed for director Kenneth Denman reports a sale of 885 Costco shares on June 23, 2026 at a weighted average price of $957.45.
Products & businesses
Warehouse club (core membership warehouses)
939 warehouses at fiscal year-end 2026, 84.1 million paid members, 92.3% U.S. and Canada renewal.
Membership fees
Fiscal 2026 membership fee income $5.9 billion, up about 11% year on year.
Gasoline
774 gas stations at fiscal year-end 2026; gasoline about 11% of fiscal 2026 net sales.
Digital and e-commerce
Digitally enabled comparable sales up 19.5% in Q4 fiscal 2026.
Kirkland Signature private label
Company says it aims to keep raising private-label penetration.
International expansion
177 warehouses outside the U.S. and Canada at fiscal year-end 2026; the fastest-growing segment in fiscal 2026.
Segments
| Segment | Revenue | Share | |
|---|---|---|---|
| United States and Puerto Rico Largest segment with 647 warehouses at fiscal year-end 2026. U.S. net sales grew about 10% in fiscal 2026 and U.S. comparable sales rose 8.2% reported (6.6% adjusted for gasoline prices and FX). | — | — | |
| Canada 115 warehouses at fiscal year-end 2026. Canadian net sales grew about 10% in fiscal 2026; Canadian comparable sales rose 7.8% reported (6.7% adjusted), with a slower fourth quarter. | — | — | |
| Other International 177 warehouses at fiscal year-end 2026 across Mexico, Europe, Asia and Australia and other markets outside the U.S. and Canada. Net sales grew about 12% in fiscal 2026, the fastest of the three segments, with comparable sales up 9.8% reported (6.5% adjusted). | — | — |
Fiscal FY2026 · from the annual report
Valuation & fundamentals
TTM through 2026-08-30 from SEC filings (some quarters derived from annual and year-to-date figures). Ratios use our pooled 24/7 price.
Financial statements
| Metric | TTM | Q4 FY2026 2026-08-30 | Q3 FY2026 2026-05-10 | Q2 FY2026 2026-02-15 | Q1 FY2026 2025-11-23 | Q4 FY2025 2025-08-31 | Q3 FY2025 2025-05-11 | Q2 FY2025 2025-02-16 | Q1 FY2025 2024-11-24 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $303.15B | $95.72Bd +11% | $70.53B +12% | $69.60B +9% | $67.31B +8% | $86.16Bd +8% | $63.20B +8% | $63.72B +9% | $62.15B +8% |
| Gross profit | $38.88B | $12.19Bd +10% | $9.01Bd +10% | $8.88Bd +11% | $8.80Bd +9% | $11.12Bd +10% | $8.21Bd +12% | $7.98Bd +9% | $8.04Bd +10% |
| Operating income | $11.69B | $3.80Bd +14% | $2.81B +11% | $2.61B +13% | $2.46B +12% | $3.34Bd +10% | $2.53B +15% | $2.32B +12% | $2.20B +11% |
| Net income | $9.23B | $3.00Bd +15% | $2.19B +15% | $2.04B +14% | $2.00B +11% | $2.61Bd +11% | $1.90B +13% | $1.79B +3% | $1.80B +13% |
| EPS (diluted) | $20.76 | $6.75d +15% | $4.93 +15% | $4.58 +14% | $4.50 +11% | $5.87d +11% | $4.28 +13% | $4.02 +3% | $4.04 +13% |
| Operating cash flow | $15.82B | $4.68Bd +21% | $3.45Bd -0% | $3.00Bd +9% | $4.69B +44% | $3.87Bd +31% | $3.46Bd +15% | $2.75Bd +276% | $3.26B -30% |
| Capital expenditure | $6.43B | $2.21Bd +12% | $1.41Bd +25% | $1.29Bd +13% | $1.53B +21% | $1.97Bd +25% | $1.13Bd +6% | $1.14Bd +10% | $1.26B +22% |
| Share buybacks | $848.0M | $245.0Md -13% | $184.0Md -13% | $209.0Md +2% | $210.0M +1% | $280.0Md +30% | $211.0Md +30% | $205.0Md +28% | $207.0M +28% |
| Cash & equivalents | $20.21B | $20.21B | $18.95B | $17.38B | $16.22B | $14.16B | $13.84B | $12.36B | $10.91B |
| Total debt | $6.16B | $6.16Bd | $5.67Bd | $5.76Bd | $5.74Bd | $5.79Bd | $5.89Bd | $5.85Bd | $5.84Bd |
| Shares outstanding | 443.3M | 443.3M | 443.5M | 443.7M | 443.9M | 443.2M | 443.5M | 443.7M | 443.9M |
| Metric | FY2026 2026-08-30 | FY2025 2025-08-31 | FY2024 2024-09-01 | FY2023 2023-09-03 | FY2022 2022-08-28 |
|---|---|---|---|---|---|
| Revenue | $303.15B +10% | $275.24B +8% | $254.45B +5% | $242.29B +7% | $226.95B |
| Cost of revenue | $264.28B +10% | $239.89B +8% | $222.36B +5% | $212.59B +7% | $199.38B |
| Gross profit | $38.88Bd +10% | $35.35Bd +10% | $32.09Bd +8% | $29.70Bd +8% | $27.57Bd |
| Operating income | $11.69B +13% | $10.38B +12% | $9.29B +14% | $8.11B +4% | $7.79B |
| EBIT | $11.69B +13% | $10.38B +12% | $9.29B +14% | $8.11B +4% | $7.79B |
| Depreciation & amortization | $2.67B +10% | $2.43B +8% | $2.24B +8% | $2.08B +9% | $1.90B |
| Interest expense | $145.0M -6% | $154.0M -9% | $169.0M +6% | $160.0M +1% | $158.0M |
| Income tax | $3.02B +11% | $2.72B +15% | $2.37B +8% | $2.19B +14% | $1.93B |
| Net income | $9.23B +14% | $8.10B +10% | $7.37B +17% | $6.29B +8% | $5.84B |
| EPS (diluted) | $20.76 +14% | $18.21 +10% | $16.56 +17% | $14.16 +8% | $13.14 |
| Dividends per share | $5.54 +13% | $4.92 -75% | $19.36 +404% | $3.84 | — |
| Diluted shares (weighted) | 444.4M | 444.8M | 444.8M | 444.5M | 444.8M |
| Operating cash flow | $15.82B +19% | $13.34B +18% | $11.34B +2% | $11.07B +50% | $7.39B |
| Capital expenditure | $6.43B +17% | $5.50B +17% | $4.71B +9% | $4.32B +11% | $3.89B |
| Share buybacks | $848.0M -6% | $903.0M +29% | $700.0M +4% | $676.0M +54% | $439.0M |
| Dividends paid | $2.46B +13% | $2.18B -76% | $9.04B +623% | $1.25B -16% | $1.50B |
| Cash & equivalents | $20.21B | $14.16B | $9.91B | $13.70B | $10.20B |
| Long-term debt (incl. current portion) | $3.91B | $5.71B | $5.79B | $5.38B | $6.48B |
| Total debt | $6.16Bd | $5.79Bd | $5.90Bd | $6.46Bd | $6.56Bd |
| Total assets | $89.05B | $77.10B | $69.83B | $68.99B | $64.17B |
| Total liabilities | $53.24B | $47.94B | $46.21B | $43.94B | $43.52B |
| Shareholders' equity | $35.80B | $29.16B | $23.62B | $25.06B | $20.64B |
| Shares outstanding | 443.3M | 443.2M | 443.1M | 442.8M | 442.7M |
From XBRL data in SEC filings. Small figures under each value: change vs the same period a year earlier. d = derived (e.g. Q4 = full year − first nine months).
NewsFull archive →
Costco September sales rise 13% to $30.02B; comparable sales up 11.4%
Costco reported September 2026 net sales of $30.02 billion for the five-week retail month ended October 4, up 13.0% from a year earlier.
Costco Q4 FY2026: net sales $93.9B, EPS $6.75 with a $0.15 tariff-refund boost
Costco reported fourth-quarter fiscal 2026 net sales of $93.9 billion, up 11.2%, and net income of $2.998 billion, or $6.75 per diluted share, against $5.87 a year earlier.
Costco August sales rise 9.9% to $23.70B; comparable sales up 8.4%
Costco's August 2026 retail month, four weeks to August 30, produced net sales of $23.70 billion, up 9.9% from a year earlier.
Costco July sales rise 10.7% to $23.12B; adjusted comparable sales up 6.6%
Costco's July 2026 retail month, four weeks to August 2, had net sales of $23.12 billion, up 10.7% from $20.89 billion a year earlier.
Costco declares $1.47 quarterly dividend as June sales rise 10.6%
In the same release as its June sales, Costco's board declared a $1.47 per share quarterly cash dividend, payable August 7, 2026 to holders of record on July 24.
Director Kenneth Denman sells 885 COST shares at about $957
A Form 4 filed for director Kenneth Denman reports a sale of 885 Costco shares on June 23, 2026 at a weighted average price of $957.45.
Costco May sales rise 14.5% to $24.01 billion; comps 12.5%
Costco reported May 2026 net sales of $24.01 billion, up 14.5% from $20.97 billion, for the four weeks ended May 31.
Costco's Q3 10-Q confirms it is seeking refunds of IEEPA tariffs
Costco's quarterly report for the 12 weeks ended May 10, 2026, signed June 3, states that the company is seeking a refund of tariffs it paid under the International Emergency Economic Powers Act.
Costco Q3 FY2026 net sales up 11.6% to $69.15 billion; EPS $4.93
Costco reported third-quarter fiscal 2026 results for the 12 weeks ended May 10, 2026.
Costco April sales rise 13.0% to $23.92 billion; comps up 11.6%
Costco reported April 2026 net sales of $23.92 billion, up 13.0% from $21.18 billion a year earlier, for the four weeks ended May 3.
Costco raises quarterly dividend 13% to $1.47 per share
Costco's board approved an increase in the quarterly cash dividend from $1.30 to $1.47 per share on April 15, 2026.
Costco March sales rise 11.3% to $28.41 billion; Easter shift trims comps
Costco's March 2026 retail month, covering five weeks to April 5, produced net sales of $28.41 billion, up 11.3%.
Costco Q2 FY2026 net income $2.04 billion, EPS $4.58 on 9.1% sales growth
Costco reported second-quarter fiscal 2026 results for the 12 weeks ended February 15, 2026.
Supreme Court rules IEEPA does not authorize presidential tariffs
On February 20, 2026, the Supreme Court held that the International Emergency Economic Powers Act does not allow the president to impose tariffs.
Costco January sales rise 9.3% to $21.33 billion; digital comps up 34.4%
Costco reported net sales of $21.33 billion for the four weeks ended February 1, 2026, up 9.3% from a year earlier.
Costco declares quarterly dividend of $1.30 per share
Costco's board declared a $1.30 quarterly cash dividend on January 15, 2026.
Costco shareholders re-elect directors and reject greenwashing audit proposal
At the January 15, 2026 annual meeting, all ten director nominees were elected and KPMG was ratified as auditor for fiscal 2026.
Costco reports fiscal Q1 2026 results: revenue $67.31B, up 8% from a year earlier
Costco filed a Form 8-K with the SEC on Dec 11, 2025, 4:22 PM ET, reporting an event dated Dec 11, 2025.
SEC filings
| Oct 6, 26 | 10-K | 10-K: Annual report for the fiscal year ended Aug 30, 2026 | sec.gov ↗ |
| Sep 30, 26 | 4 | Form 4: Frates Caton (Sr. Executive Vice President) — open-market sale 801 sh | sec.gov ↗ |
| Sep 30, 26 | 4 | Form 4: Adamo Claudine (Executive Vice President) — open-market sale 2,200 sh | sec.gov ↗ |
| Sep 30, 26 | 3/A | 3/A: Initial insider ownership statement (amended) | sec.gov ↗ |
| Sep 29, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 29, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Sep 24, 26 | 8-K | 8-K: Results of Operations (Item 2.02) | sec.gov ↗ |
| Sep 14, 26 | 4 | Form 4: Wilcox William Richard (Executive Vice President) — award 4,129 sh, tax withholding 1,935 sh | sec.gov ↗ |
| Sep 14, 26 | 4 | Form 4: Rubanenko Yoram (Executive Vice President) — award 4,129 sh, tax withholding 1,696 sh | sec.gov ↗ |
| Sep 14, 26 | 4 | Form 4: Riel Pierre (Executive Vice President) — award 4,552 sh, tax withholding 1,562 sh | sec.gov ↗ |
| Sep 14, 26 | 4 | Form 4: Klauer James C (Executive Vice President) — award 4,129 sh, tax withholding 936 sh | sec.gov ↗ |
| Sep 14, 26 | 4 | Form 4: Jones Teresa A. (Executive Vice President) — award 4,129 sh, tax withholding 1,459 sh | sec.gov ↗ |
| Sep 14, 26 | 4 | Form 4: Frates Caton (Executive Vice President) — award 4,552 sh, tax withholding 1,654 sh | sec.gov ↗ |
| Sep 14, 26 | 4 | Form 4: Adamo Claudine (Executive Vice President) — award 4,129 sh, tax withholding 917 sh | sec.gov ↗ |
| Sep 10, 26 | 3 | Form 3: Initial insider ownership statement | sec.gov ↗ |
| Jul 14, 26 | 4 | Form 4: RAIKES JEFFREY S (Director) — gift 5,249 sh | sec.gov ↗ |
| Jul 8, 26 | 8-K | 8-K: Other Events (Item 8.01) | sec.gov ↗ |
| Jun 26, 26 | 11-K | 11-K: Employee stock plan annual report | sec.gov ↗ |
| Jun 25, 26 | 4 | Form 4: DENMAN KENNETH D (Director) — open-market sale 885 sh | sec.gov ↗ |
| Jun 23, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Jun 12, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Jun 5, 26 | 144 | Form 144: Notice of proposed insider sale | sec.gov ↗ |
| Jun 3, 26 | S-3ASR | S-3ASR: Automatic shelf registration statement | sec.gov ↗ |
| Jun 3, 26 | 10-Q | 10-Q: Quarterly report for the period ended May 10, 2026 | sec.gov ↗ |
| May 28, 26 | SD | SD: Specialized disclosure (conflict minerals) | sec.gov ↗ |
Insider trades, 12 months
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-09-29 | Frates Caton Sr. Executive Vice President | Sale | 801 | $915.93 | $733.3K |
| 2026-09-29 | Adamo Claudine Executive Vice President | Sale | 2.2K | $915.93 | $2.0M |
| 2026-06-23 | DENMAN KENNETH D Director | Sale | 885 | $957.45 | $847.3K |
| 2026-04-01 | Frates Caton Executive Vice President | Sale | 700 | $993.00 | $695.1K |
| 2026-03-09 | Adamo Claudine Executive Vice President | Sale | 730 | $1003.02 | $732.2K |
| 2026-01-21 | Jones Teresa A. Executive Vice President | Sale | 850 | $986.26 | $838.3K |
| 2026-01-16 | DECKER SUSAN L Director | Sale | 458 | $955.00 | $437.4K |
| 2026-01-14 | Klauer James C Executive Vice President | Sale | 1.5K | $939.00 | $1.4M |
| 2026-01-09 | Miller Russell D Sr. Executive Vice President | Sale | 1.5K | $916.32 | $1.4M |