Costco Wholesale Corporation
Financial Performance
Costco Revenue & Financials
Revenue
$303.2B (FY2026)
Market Cap
$397.1B
Net Income
$9.2B
Employees
341,000
What is Costco's revenue?
Costco had $303.2B in revenue for fiscal year 2026, up 10.1% from 2025. Net income was $9.2B.
- Latest revenue
- $303.2B (FY2026)
- Year-over-year
- +10.1%
- Growth rate (CAGR)
- 9.8% over 10 years
- Peak revenue
- $303.2B (FY2026)
- Years of data
- 11
- Employees
- 341,000
- What is Costco's operating income?
- Costco reported operating income of $11.7B for fiscal year 2026. sec.gov
- How much profit does Costco make?
- Costco reported net income of $9.2B for fiscal year 2026. finance.yahoo.com
- How many employees does Costco have?
- Costco has about 341,000 employees.
Financial Analysis
Costco's revenue is almost entirely merchandise: FY2026 net sales were $297.2B and membership fees were $5.907B, together $303.2B. Fees are under 2% of revenue but carry nearly full margin, so they make up a large share of operating income. Net income rose 13.9% to $9.226B ($20.76 per diluted share) from $8.099B in FY2025. Operating cash flow was $15.8B, capital spending was about $6.4B, and management plans about $7.5B of capex in FY2027. Q4 FY2026 included a one-time $0.15 per share benefit from IEEPA tariff refunds. Costco's gross margin is about 11% of sales and SG&A about 9%, a narrow spread that works only because of scale and fast inventory turns. Costco Wholesale Corporation is an absolute colossus in global retail, boasting a staggering market valuation generally exceeding $350 billion.
Revenue Trend Analysis
YoY Change
+10.1%
10-Year CAGR
+9.8%
Peak Year
2026
Trend
Consistent Growth
Costco Wholesale Corporation has 11 full fiscal year figures on this page, compounding at +9.8% annually over 10 years. The most recent year saw a 10.1% increase versus the prior year. Annual revenue peaked in fiscal year 2026 at $303.2B. Of 10 comparable year-over-year steps, 10 showed growth and 0 showed a decline.
Annual revenue history
Click any row to see year details.
Costco Wholesale Corporation balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2026ended Aug 30, 2026 | $15.8B | $6.4B | $89B | $53.2B | $35.8B | $9.4B | Form 10-K |
| FY2025ended Aug 31, 2025 | $13.3B | $5.5B | $77.1B | $47.9B | $29.2B | $7.8B | Form 10-K |
| FY2024ended Sep 1, 2024 | $11.3B | $4.7B | $69.8B | $46.2B | $23.6B | $6.6B | Form 10-K |
| FY2023ended Sep 3, 2023 | $11.1B | $4.3B | $69B | $43.9B | $25.1B | $6.7B | Form 10-K |
| FY2022ended Aug 28, 2022 | $7.4B | $3.9B | $64.2B | $43.5B | $20.6B | $3.5B | Form 10-K |
| FY2021ended Aug 29, 2021 | $9B | $3.6B | $59.3B | $41.2B | $17.6B | $5.4B | Form 10-K |
| FY2020ended Aug 30, 2020 | $8.9B | $2.8B | $55.6B | $36.9B | $18.3B | $6.1B | Form 10-K |
| FY2019ended Sep 1, 2019 | $6.4B | $3B | $45.4B | $29.8B | $15.2B | $3.4B | Form 10-K |
| FY2018ended Sep 2, 2018 | $5.8B | $3B | $40.8B | $27.7B | $12.8B | $2.8B | Form 10-K |
| FY2017ended Sep 3, 2017 | $6.7B | $2.5B | $36.3B | $25.3B | $10.8B | $4.2B | Form 10-K |
| FY2016ended Aug 28, 2016 | — | $2.6B | $33.2B | $20.8B | $12.1B | — | Form 10-K |
Keep researching Costco
Costco Revenue and Financial FAQ
What were Costco's revenue and net income in fiscal 2026?
Costco reported $303.2B in total revenue for FY2026 ($297.2B in net sales plus $5.9B in membership fees) and net income of $9.226B, or $20.76 per diluted share, up from $8.099B in FY2025.
How much does Costco earn from membership fees?
Membership fee income was $5.907B in FY2026, up from $5.323B in FY2025, helped by the September 2024 fee increase and Executive upgrades. Q4 FY2026 fee income was $1.849B, up 7.3%.
What are Costco's gross margin and SG&A rate?
In Q4 FY2026 Costco's reported gross margin was 11.02% of net sales and its SG&A rate was 8.94%. The narrow gap between the two shows how much the model relies on volume and membership fees.
How much cash does Costco generate?
Costco generated $15.8B in operating cash flow in FY2026, up from $13.3B in FY2025, and spent about $6.4B on capital projects. It expects capex of about $7.5B in FY2027.
What were Costco's Q4 FY2026 results?
For the 16 weeks ended August 30, 2026, net sales rose 11.2% to $93.9B and net income was $2.998B ($6.75 per share), including a one-time $0.15 per share benefit from IEEPA tariff refunds. Comparable sales rose 9.4%.
Does Costco pay special dividends?
Yes. Besides its regular quarterly dividend, Costco occasionally pays large special dividends, most recently $15 per share (about $6.7B) in January 2024.
What is Costco's market cap?
Costco's market capitalization was about $397B in mid-September 2026, making it one of the most valuable retailers in the world.
How fast did Costco's digital sales grow?
Digitally enabled comparable sales rose 20.9% in FY2026 and total digitally enabled sales exceeded $33B, with site and app traffic up about 30%.
Is Costco profitable?
Yes, incredibly profitable. Because their membership renewal rate consistently hovers around a staggering 90%, they essentially have billions of dollars in guaranteed recurring revenue before a single customer even walks into the store.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Costco Revenue & Financials." CorpDigest, https://corpdigest.com/company/costco/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Costco reported $303.2B in revenue (FY2026).</strong><br>Source: <a href="https://corpdigest.com/company/costco/financials" target="_blank" rel="noopener">CorpDigest — Costco financials</a></div>Related Financial Audits
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