Costco Wholesale Corporation (COST) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$4.54	$4.58	+0.9%	—	$69.6B	—
Q1 26	$4.28	$4.5	+5.1%	—	$67.3B	—
Q4 25	$5.8	$5.87	+1.2%	—	$86.2B	—
Q2 25	$4.1	$4.02	-2.0%	—	$63.7B	—
Q1 25	$3.8	$4.04	+6.3%	—	$62.2B	—
Q4 24	$5.06	$5.29	+4.5%	—	$79.7B	—
Q2 24	$3.61	$3.92	+8.6%	—	$58.4B	—
Q1 24	$3.42	$3.58	+4.7%	—	$57.8B	—
Q4 23	$4.79	$4.86	+1.5%	—	$78.9B	—
Q3 23	$3.21	$3.3	+2.8%	—	—	—
Q2 23	$3.11	$3.1	-0.3%	—	—	—
Q1 23	$4.17	$4.2	+0.7%	—	—	—
Q0 23	$3.03	$3.17	+4.6%	—	—	—
Q3 22	$2.74	$2.92	+6.6%	—	—	—
Q2 22	$2.64	$2.98	+12.9%	—	—	—
Q1 22	$3.57	$3.9	+9.2%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$18.2	—	—	$275.2B	—
FY24	—	$16.6	—	—	$254.5B	—
FY23	—	$14.2	—	—	$242.3B	—
FY22	—	$13.2	—	—	$227B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$118.7B	$129B	$141.6B	$152.7B	$166.8B	$195.9B	$227B	$242.3B	$254.5B	$275.2B
YoY change	+2.17%	+8.68%	+9.73%	+7.86%	+9.21%	+17.5%	+15.8%	+6.76%	+5.02%	+8.17%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	118.7B	129B	141.6B	152.7B	166.8B	195.9B	227B	242.3B	254.5B	275.2B
Cost of revenue	102.9B	111.9B	123.2B	132.9B	144.9B	170.7B	199.4B	212.6B	222.4B	239.9B
Gross profit	15.8B	17.1B	18.4B	19.8B	21.8B	25.2B	27.6B	29.7B	32.1B	35.3B
Gross margin	13.3%	13.3%	13%	13%	13.1%	12.9%	12.1%	12.3%	12.6%	12.8%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	12.1B	12.9B	13.9B	15B	16.4B	18.5B	19.8B	21.6B	22.8B	25B
Operating expenses	12.1B	13B	13.9B	15.1B	16.4B	18.6B	19.8B	21.6B	22.8B	25B
Operating income	3.7B	4.1B	4.5B	4.7B	5.4B	6.7B	7.8B	8.1B	9.3B	10.4B
Operating margin	3.09%	3.19%	3.16%	3.1%	3.26%	3.42%	3.43%	3.35%	3.65%	3.77%
Non-operating income, net	28M	-5M	23M	27M	7M	56M	106M	29M	26M	84M
Pretax income	3.6B	4B	4.4B	4.8B	5.4B	6.7B	7.8B	8.5B	9.7B	10.8B
Income tax	1.2B	1.3B	1.3B	1.1B	1.3B	1.6B	1.9B	2.2B	2.4B	2.7B
Net income	2.4B	2.7B	3.2B	3.7B	4.1B	5.1B	5.9B	6.3B	7.4B	8.1B
Net margin	2%	2.1%	2.25%	2.43%	2.43%	2.59%	2.61%	2.6%	2.9%	2.94%
EBITDA	5B	5.5B	6B	6.4B	7.2B	8.6B	9.8B	10.7B	12.1B	13.3B
EPS	5.36	6.11	7.15	8.32	9.05	11.3	13.2	14.2	16.6	18.2
Diluted EPS	5.33	6.08	7.09	8.26	9.02	11.3	13.1	14.2	16.6	18.2

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	78.9B	57.8B	58.4B	58.5B	79.7B	62.2B	63.7B	63.2B	86.2B	67.3B	69.6B	70.5B
Cost of revenue	69.2B	50.5B	51.1B	51.2B	69.6B	54.1B	55.7B	55B	75B	58.5B	60.7B	61.5B
Gross profit	9.7B	7.3B	7.3B	7.3B	10.1B	8B	8B	8.2B	11.1B	8.8B	8.9B	9B
Gross margin	12.3%	12.7%	12.5%	12.5%	12.7%	12.9%	12.5%	13%	12.9%	13.1%	12.8%	12.8%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	6.9B	5.4B	5.2B	5.1B	7.1B	5.8B	5.7B	5.7B	7.8B	6.3B	6.3B	6.2B
Operating expenses	6.9B	5.4B	5.2B	5.1B	7.1B	5.8B	5.7B	5.7B	7.8B	6.3B	6.3B	6.2B
Operating income	2.8B	2B	2.1B	2.2B	3B	2.2B	2.3B	2.5B	3.3B	2.5B	2.6B	2.8B
Operating margin	3.52%	3.43%	3.53%	3.75%	3.82%	3.53%	3.63%	4%	3.88%	3.66%	3.74%	3.99%
Non-operating income, net	26M	3M	31M	20M	-28M	43M	23M	-17M	35M	25M	-4M	17M
Pretax income	3B	2.1B	2.2B	2.3B	3.1B	2.3B	2.4B	2.6B	3.5B	2.6B	2.7B	2.9B
Income tax	803M	517M	494M	603M	759M	508M	634M	677M	900M	582M	686M	746M
Net income	2.2B	1.6B	1.7B	1.7B	2.4B	1.8B	1.8B	1.9B	2.6B	2B	2B	2.2B
Net margin	2.74%	2.75%	2.98%	2.87%	2.95%	2.89%	2.81%	3.01%	3.03%	2.97%	2.92%	3.11%
EBITDA	3.7B	2.6B	2.8B	2.8B	3.9B	2.8B	3B	3.2B	4.3B	3.2B	3.4B	3.5B
EPS	—	3.58	3.93	3.79	5.3	4.05	4.03	4.29	5.88	4.51	4.58	4.94
Diluted EPS	—	3.58	3.92	3.78	5.29	4.04	4.02	4.28	5.87	4.5	4.58	4.93

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	71.1B	68.7B	102.2B	129.6B	153.8B	201.8B	231.6B	243.8B	396.1B	418.8B	409.1B
Enterprise value	71.5B	69.6B	101.5B	127B	150.6B	199.8B	229.6B	237.5B	393.3B	411.7B	396.3B
Shares outstanding	438.6M	438.4M	438.5M	439.8M	442.3M	443.1M	443.7M	443.9M	443.9M	444M	444M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	29.9	25.3	32.2	35	37.9	39.7	39.2	38.7	53.8	51.7	44.5
P/S	0.6	0.53	0.72	0.85	0.92	1.03	1.02	1.01	1.56	1.52	1.35
P/B	5.76	6.2	7.8	8.32	8.22	11.2	11.2	9.73	16.8	14.4	11.4
EV/EBITDA	14.4	12.5	16.9	19.9	21	23.3	23.4	22.2	32.4	30.9	27.6
EV/Sales	0.6	0.54	0.72	0.83	0.9	1.02	1.01	0.98	1.55	1.5	1.31
Earnings yield	3.34%	3.95%	3.11%	2.86%	2.64%	2.52%	2.55%	2.58%	1.86%	1.93%	2.25%
FCF yield	0.9%	6.15%	2.74%	2.59%	3.94%	2.66%	1.51%	2.77%	1.67%	1.87%	1.75%
PEG	—	—	—	—	—	—	—	—	—	—	2.94

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	13.3%	13.3%	13%	13%	13.1%	12.9%	12.1%	12.3%	12.6%	12.8%	12.8%
Operating margin	3.09%	3.19%	3.16%	3.1%	3.26%	3.42%	3.43%	3.35%	3.65%	3.77%	3.97%
Net margin	2%	2.1%	2.25%	2.43%	2.43%	2.59%	2.61%	2.6%	2.9%	2.94%	3.04%
ROE	19.3%	24.5%	24.3%	23.8%	21.7%	28.1%	28.6%	25.1%	31.2%	27.8%	28.4%
ROA	7.16%	7.47%	7.79%	8.16%	7.31%	8.57%	9.22%	9.12%	10.5%	10.5%	8.79%
ROIC	18.9%	23.1%	25.8%	28.4%	26.4%	31.8%	31.5%	32.2%	33.8%	35.2%	39%
Return on tangible assets	7.16%	7.47%	7.79%	8.16%	7.31%	8.57%	9.22%	9.12%	10.5%	10.5%	10.2%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.98	0.99	1.02	1.01	1.13	1	1.02	1.07	0.97	1.03	1.06
Quick ratio	0.4	0.43	0.46	0.52	0.64	0.52	0.46	0.57	0.44	0.55	0.61
Debt / equity	0.42	0.6	0.5	0.44	0.54	0.56	0.44	0.35	0.35	0.28	0.24
Debt / assets	0.16	0.18	0.16	0.15	0.18	0.17	0.14	0.13	0.12	0.11	0.09
Net debt / EBITDA	0.09	0.16	-0.11	-0.41	-0.44	-0.24	-0.21	-0.59	-0.24	-0.53	-0.82
Interest coverage	28.2	31.1	28.9	32.8	33.7	40.1	50.6	54	58.6	71.2	81.5
Effective tax rate	34.3%	32.8%	28.4%	22.3%	24.4%	24%	24.6%	25.9%	24.4%	25.1%	24.8%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	270.7	294.3	322.9	347.2	377	442.2	511.6	545.9	573.2	619.9	682.9
EPS (basic)	5.36	6.11	7.15	8.32	9.05	11.3	13.2	14.2	16.6	18.2	18.2
EPS (diluted)	5.33	6.08	7.09	8.26	9.02	11.3	13.1	14.2	16.6	18.2	20.8
Book value per share	28.1	25.3	29.9	35.4	42.3	40.8	46.5	56.5	53.2	65.7	80.8
FCF per share	1.47	9.63	6.4	7.64	13.7	12.1	7.89	15.2	14.9	17.7	19.8
Cash per share	10.8	13.2	16.6	21.5	30.1	27.5	24.9	34.3	25.1	34.4	48.1
Capex per share	6.04	5.71	6.77	6.82	6.35	8.1	8.77	9.74	10.6	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.23%	1.94%	2.1%	1.96%	1.69%	1.83%	1.71%	1.78%	1.85%	—	—
Capex / operating cash flow	80.5%	37.2%	51.4%	47.2%	31.7%	40.4%	53.2%	40.9%	41.5%	—	—
Payout ratio	31.4%	143.8%	21.7%	28%	36.4%	113.2%	25.3%	19.9%	122.7%	27%	26.7%
Dividend yield	1.05%	5.68%	0.67%	0.8%	0.96%	2.85%	0.65%	0.51%	2.28%	0.52%	0.64%

Yield

0.64%

trailing twelve months

Frequency

Quarterly

Last dividend

$1.47

ex-dividend Jul 24, 2026

Payout ratio

27%

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 24, 2026	$1.47
May 1, 2026	$1.47
Jan 30, 2026	$1.30
Oct 31, 2025	$1.30

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$4.54	$4.58	+0.9%	—	$69.6B	—
Q1 26	$4.28	$4.5	+5.1%	—	$67.3B	—
Q4 25	$5.8	$5.87	+1.2%	—	$86.2B	—
Q2 25	$4.1	$4.02	-2.0%	—	$63.7B	—
Q1 25	$3.8	$4.04	+6.3%	—	$62.2B	—
Q4 24	$5.06	$5.29	+4.5%	—	$79.7B	—
Q2 24	$3.61	$3.92	+8.6%	—	$58.4B	—
Q1 24	$3.42	$3.58	+4.7%	—	$57.8B	—
Q4 23	$4.79	$4.86	+1.5%	—	$78.9B	—
Q3 23	$3.21	$3.3	+2.8%	—	—	—
Q2 23	$3.11	$3.1	-0.3%	—	—	—
Q1 23	$4.17	$4.2	+0.7%	—	—	—
Q0 23	$3.03	$3.17	+4.6%	—	—	—
Q3 22	$2.74	$2.92	+6.6%	—	—	—
Q2 22	$2.64	$2.98	+12.9%	—	—	—
Q1 22	$3.57	$3.9	+9.2%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$18.2	—	—	$275.2B	—
FY24	—	$16.6	—	—	$254.5B	—
FY23	—	$14.2	—	—	$242.3B	—
FY22	—	$13.2	—	—	$227B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$118.7B	$129B	$141.6B	$152.7B	$166.8B	$195.9B	$227B	$242.3B	$254.5B	$275.2B
YoY change	+2.17%	+8.68%	+9.73%	+7.86%	+9.21%	+17.5%	+15.8%	+6.76%	+5.02%	+8.17%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	118.7B	129B	141.6B	152.7B	166.8B	195.9B	227B	242.3B	254.5B	275.2B
Cost of revenue	102.9B	111.9B	123.2B	132.9B	144.9B	170.7B	199.4B	212.6B	222.4B	239.9B
Gross profit	15.8B	17.1B	18.4B	19.8B	21.8B	25.2B	27.6B	29.7B	32.1B	35.3B
Gross margin	13.3%	13.3%	13%	13%	13.1%	12.9%	12.1%	12.3%	12.6%	12.8%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	12.1B	12.9B	13.9B	15B	16.4B	18.5B	19.8B	21.6B	22.8B	25B
Operating expenses	12.1B	13B	13.9B	15.1B	16.4B	18.6B	19.8B	21.6B	22.8B	25B
Operating income	3.7B	4.1B	4.5B	4.7B	5.4B	6.7B	7.8B	8.1B	9.3B	10.4B
Operating margin	3.09%	3.19%	3.16%	3.1%	3.26%	3.42%	3.43%	3.35%	3.65%	3.77%
Non-operating income, net	28M	-5M	23M	27M	7M	56M	106M	29M	26M	84M
Pretax income	3.6B	4B	4.4B	4.8B	5.4B	6.7B	7.8B	8.5B	9.7B	10.8B
Income tax	1.2B	1.3B	1.3B	1.1B	1.3B	1.6B	1.9B	2.2B	2.4B	2.7B
Net income	2.4B	2.7B	3.2B	3.7B	4.1B	5.1B	5.9B	6.3B	7.4B	8.1B
Net margin	2%	2.1%	2.25%	2.43%	2.43%	2.59%	2.61%	2.6%	2.9%	2.94%
EBITDA	5B	5.5B	6B	6.4B	7.2B	8.6B	9.8B	10.7B	12.1B	13.3B
EPS	5.36	6.11	7.15	8.32	9.05	11.3	13.2	14.2	16.6	18.2
Diluted EPS	5.33	6.08	7.09	8.26	9.02	11.3	13.1	14.2	16.6	18.2

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	78.9B	57.8B	58.4B	58.5B	79.7B	62.2B	63.7B	63.2B	86.2B	67.3B	69.6B	70.5B
Cost of revenue	69.2B	50.5B	51.1B	51.2B	69.6B	54.1B	55.7B	55B	75B	58.5B	60.7B	61.5B
Gross profit	9.7B	7.3B	7.3B	7.3B	10.1B	8B	8B	8.2B	11.1B	8.8B	8.9B	9B
Gross margin	12.3%	12.7%	12.5%	12.5%	12.7%	12.9%	12.5%	13%	12.9%	13.1%	12.8%	12.8%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	6.9B	5.4B	5.2B	5.1B	7.1B	5.8B	5.7B	5.7B	7.8B	6.3B	6.3B	6.2B
Operating expenses	6.9B	5.4B	5.2B	5.1B	7.1B	5.8B	5.7B	5.7B	7.8B	6.3B	6.3B	6.2B
Operating income	2.8B	2B	2.1B	2.2B	3B	2.2B	2.3B	2.5B	3.3B	2.5B	2.6B	2.8B
Operating margin	3.52%	3.43%	3.53%	3.75%	3.82%	3.53%	3.63%	4%	3.88%	3.66%	3.74%	3.99%
Non-operating income, net	26M	3M	31M	20M	-28M	43M	23M	-17M	35M	25M	-4M	17M
Pretax income	3B	2.1B	2.2B	2.3B	3.1B	2.3B	2.4B	2.6B	3.5B	2.6B	2.7B	2.9B
Income tax	803M	517M	494M	603M	759M	508M	634M	677M	900M	582M	686M	746M
Net income	2.2B	1.6B	1.7B	1.7B	2.4B	1.8B	1.8B	1.9B	2.6B	2B	2B	2.2B
Net margin	2.74%	2.75%	2.98%	2.87%	2.95%	2.89%	2.81%	3.01%	3.03%	2.97%	2.92%	3.11%
EBITDA	3.7B	2.6B	2.8B	2.8B	3.9B	2.8B	3B	3.2B	4.3B	3.2B	3.4B	3.5B
EPS	—	3.58	3.93	3.79	5.3	4.05	4.03	4.29	5.88	4.51	4.58	4.94
Diluted EPS	—	3.58	3.92	3.78	5.29	4.04	4.02	4.28	5.87	4.5	4.58	4.93

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	71.1B	68.7B	102.2B	129.6B	153.8B	201.8B	231.6B	243.8B	396.1B	418.8B	409.1B
Enterprise value	71.5B	69.6B	101.5B	127B	150.6B	199.8B	229.6B	237.5B	393.3B	411.7B	396.3B
Shares outstanding	438.6M	438.4M	438.5M	439.8M	442.3M	443.1M	443.7M	443.9M	443.9M	444M	444M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	29.9	25.3	32.2	35	37.9	39.7	39.2	38.7	53.8	51.7	44.5
P/S	0.6	0.53	0.72	0.85	0.92	1.03	1.02	1.01	1.56	1.52	1.35
P/B	5.76	6.2	7.8	8.32	8.22	11.2	11.2	9.73	16.8	14.4	11.4
EV/EBITDA	14.4	12.5	16.9	19.9	21	23.3	23.4	22.2	32.4	30.9	27.6
EV/Sales	0.6	0.54	0.72	0.83	0.9	1.02	1.01	0.98	1.55	1.5	1.31
Earnings yield	3.34%	3.95%	3.11%	2.86%	2.64%	2.52%	2.55%	2.58%	1.86%	1.93%	2.25%
FCF yield	0.9%	6.15%	2.74%	2.59%	3.94%	2.66%	1.51%	2.77%	1.67%	1.87%	1.75%
PEG	—	—	—	—	—	—	—	—	—	—	2.94

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	13.3%	13.3%	13%	13%	13.1%	12.9%	12.1%	12.3%	12.6%	12.8%	12.8%
Operating margin	3.09%	3.19%	3.16%	3.1%	3.26%	3.42%	3.43%	3.35%	3.65%	3.77%	3.97%
Net margin	2%	2.1%	2.25%	2.43%	2.43%	2.59%	2.61%	2.6%	2.9%	2.94%	3.04%
ROE	19.3%	24.5%	24.3%	23.8%	21.7%	28.1%	28.6%	25.1%	31.2%	27.8%	28.4%
ROA	7.16%	7.47%	7.79%	8.16%	7.31%	8.57%	9.22%	9.12%	10.5%	10.5%	8.79%
ROIC	18.9%	23.1%	25.8%	28.4%	26.4%	31.8%	31.5%	32.2%	33.8%	35.2%	39%
Return on tangible assets	7.16%	7.47%	7.79%	8.16%	7.31%	8.57%	9.22%	9.12%	10.5%	10.5%	10.2%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.98	0.99	1.02	1.01	1.13	1	1.02	1.07	0.97	1.03	1.06
Quick ratio	0.4	0.43	0.46	0.52	0.64	0.52	0.46	0.57	0.44	0.55	0.61
Debt / equity	0.42	0.6	0.5	0.44	0.54	0.56	0.44	0.35	0.35	0.28	0.24
Debt / assets	0.16	0.18	0.16	0.15	0.18	0.17	0.14	0.13	0.12	0.11	0.09
Net debt / EBITDA	0.09	0.16	-0.11	-0.41	-0.44	-0.24	-0.21	-0.59	-0.24	-0.53	-0.82
Interest coverage	28.2	31.1	28.9	32.8	33.7	40.1	50.6	54	58.6	71.2	81.5
Effective tax rate	34.3%	32.8%	28.4%	22.3%	24.4%	24%	24.6%	25.9%	24.4%	25.1%	24.8%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	270.7	294.3	322.9	347.2	377	442.2	511.6	545.9	573.2	619.9	682.9
EPS (basic)	5.36	6.11	7.15	8.32	9.05	11.3	13.2	14.2	16.6	18.2	18.2
EPS (diluted)	5.33	6.08	7.09	8.26	9.02	11.3	13.1	14.2	16.6	18.2	20.8
Book value per share	28.1	25.3	29.9	35.4	42.3	40.8	46.5	56.5	53.2	65.7	80.8
FCF per share	1.47	9.63	6.4	7.64	13.7	12.1	7.89	15.2	14.9	17.7	19.8
Cash per share	10.8	13.2	16.6	21.5	30.1	27.5	24.9	34.3	25.1	34.4	48.1
Capex per share	6.04	5.71	6.77	6.82	6.35	8.1	8.77	9.74	10.6	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	2.23%	1.94%	2.1%	1.96%	1.69%	1.83%	1.71%	1.78%	1.85%	—	—
Capex / operating cash flow	80.5%	37.2%	51.4%	47.2%	31.7%	40.4%	53.2%	40.9%	41.5%	—	—
Payout ratio	31.4%	143.8%	21.7%	28%	36.4%	113.2%	25.3%	19.9%	122.7%	27%	26.7%
Dividend yield	1.05%	5.68%	0.67%	0.8%	0.96%	2.85%	0.65%	0.51%	2.28%	0.52%	0.64%

Yield

0.64%

trailing twelve months

Frequency

Quarterly

Last dividend

$1.47

ex-dividend Jul 24, 2026

Payout ratio

27%

of earnings

Dividend growth

1 year

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 24, 2026	$1.47
May 1, 2026	$1.47
Jan 30, 2026	$1.30
Oct 31, 2025	$1.30

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$78.9B	$57.8B	$58.4B	$58.5B	$79.7B	$62.2B	$63.7B	$63.2B	$86.2B	$67.3B	$69.6B	$70.5B
YoY change	+9.5%	+6.18%	+5.75%	+9.07%	+0.96%	+7.53%	+9.04%	+8.02%	+8.1%	+8.3%	+9.22%	+11.6%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	4.7B	5.8B	7.3B	9.4B	13.3B	12.2B	11B	15.2B	11.1B	15.3B
Receivables	1.3B	1.4B	1.7B	1.5B	1.6B	1.8B	2.2B	2.3B	2.7B	3.2B
Inventory	9B	9.8B	11B	11.4B	12.2B	14.2B	17.9B	16.7B	18.6B	18.1B
Total current assets	15.2B	17.3B	20.3B	23.5B	28.1B	29.5B	32.7B	35.9B	34.2B	38.4B
Property, plant & equipment	3B	3B	3.6B	3.8B	6.6B	7.2B	7.3B	7.4B	7.9B	9.1B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	33.2B	36.3B	40.8B	45.4B	55.6B	59.3B	64.2B	69B	69.8B	77.1B
Accounts payable	7.6B	9.6B	11.2B	11.7B	14.2B	16.3B	17.8B	17.5B	19.4B	19.8B
Short-term debt	1.1B	86M	90M	1.7B	95M	799M	73M	1.1B	103M	—
Total current liabilities	15.6B	17.5B	19.9B	23.2B	24.8B	29.4B	32B	33.6B	35.5B	37.1B
Long-term debt	4.1B	6.6B	6.5B	5.1B	10.1B	9.3B	9B	7.8B	8.2B	8.2B
Total liabilities	20.8B	25.3B	27.7B	29.8B	36.9B	41.2B	43.5B	43.9B	46.2B	47.9B
Shareholders' equity	12.3B	11.1B	13.1B	15.6B	18.7B	18.1B	20.6B	25.1B	23.6B	29.2B
Total debt	5.2B	6.7B	6.6B	6.8B	10.2B	10.1B	9B	8.9B	8.3B	8.2B
Net debt	1.8B	2.1B	522M	-1.6B	-2.1B	-1.1B	-1.2B	-4.8B	-1.6B	-6B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	15.2B	17B	9.1B	10.4B	9.9B	10.9B	12.4B	13.8B	15.3B	17.2B	18.2B	20B
Receivables	2.3B	—	—	—	—	—	—	—	3.2B	3.2B	3.8B	3.8B
Inventory	16.7B	—	—	—	—	—	—	—	18.1B	21.1B	19B	19.4B
Total current assets	35.9B	—	—	—	—	—	—	—	38.4B	43.4B	43.1B	45.2B
Property, plant & equipment	7.4B	—	—	—	—	—	—	—	9.1B	35.3B	36.4B	37B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	69B	—	—	—	—	—	—	—	77.1B	82.8B	83.6B	86.4B
Accounts payable	17.5B	—	—	—	—	—	—	—	19.8B	23.5B	20.6B	22.4B
Short-term debt	1.1B	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	33.6B	—	—	—	—	—	—	—	37.1B	41.8B	40.8B	42.1B
Long-term debt	7.8B	—	—	—	—	—	—	—	8.2B	8.1B	8.2B	8.1B
Total liabilities	43.9B	—	—	—	—	—	—	—	47.9B	52.5B	51.6B	52.9B
Shareholders' equity	25.1B	—	—	—	—	—	—	—	29.2B	30.3B	32.1B	33.5B
Total debt	8.9B	—	—	—	—	—	—	—	8.2B	8.1B	8.2B	8.1B
Net debt	-4.8B	—	—	—	—	—	—	—	-6B	-8.1B	-9.2B	-10.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	2.4B	2.7B	3.2B	3.7B	4.1B	5.1B	5.9B	6.3B	7.4B	8.1B
Depreciation & amortization	1.3B	1.4B	1.4B	1.5B	1.6B	1.8B	1.9B	2.1B	2.2B	2.4B
Stock-based compensation	459M	514M	544M	595M	619M	665M	724M	774M	818M	860M
Change in working capital	-1B	2.2B	669M	409M	2.2B	1B	-1.6B	1B	611M	1.8B
Operating cash flow	3.3B	6.7B	5.8B	6.4B	8.9B	8.9B	7.3B	10.6B	11.3B	13.3B
Capital expenditure	-2.6B	-2.5B	-3B	-3B	-2.8B	-3.6B	-3.9B	-4.3B	-4.7B	—
Investing cash flow	-2.3B	-2.4B	-2.9B	-2.9B	-3.9B	-3.5B	-3.9B	-5B	-4.4B	187M
Dividends paid	-746M	-3.9B	-689M	-1B	-1.5B	-5.7B	-1.5B	-1.3B	-9B	-2.2B
Share repurchases	-486M	-469M	-328M	-247M	-196M	-496M	-439M	-676M	-700M	-903M
Financing cash flow	-2.5B	-3.5B	-1.2B	-1.1B	-1B	-6.3B	-4.3B	-3.5B	-11.7B	-4.6B
Net change in cash	-1.6B	906M	1.6B	2.3B	4B	-962M	-888M	2.1B	-4.7B	8.9B
Free cash flow	643M	4.2B	2.8B	3.4B	6.1B	5.4B	3.5B	6.7B	6.6B	7.8B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	2.2B	1.6B	1.7B	1.7B	2.4B	1.8B	1.8B	1.9B	2.6B	2B	2B	2.2B
Depreciation & amortization	688M	—	—	—	—	—	—	—	774M	597M	597M	597M
Stock-based compensation	131M	—	—	—	—	—	—	—	140M	486M	166M	119M
Change in working capital	580M	—	—	—	—	—	—	—	350M	1.5B	53M	499M
Operating cash flow	3.6B	1.6B	1.7B	1.7B	2.4B	1.8B	1.8B	1.9B	3.9B	4.7B	3B	3.4B
Capital expenditure	-1.6B	—	—	—	—	—	—	—	—	—	—	—
Investing cash flow	-1.8B	—	—	—	—	—	—	—	-2M	128M	119M	-179M
Dividends paid	-452M	—	—	—	—	—	—	—	-1.2B	-577M	-577M	0
Share repurchases	-230M	—	—	—	—	—	—	—	-280M	-210M	-209M	-184M
Financing cash flow	-901M	—	—	—	—	—	—	—	-1.8B	-1.2B	-795M	-603M
Net change in cash	873M	1.6B	1.7B	1.7B	2.4B	1.8B	1.8B	1.9B	2B	3.6B	2.3B	2.7B
Free cash flow	2.2B	—	—	—	—	—	—	—	1.9B	3.2B	1.7B	2B

Date	Ratio
Jan 14, 2000	2:1
Oct 22, 1993	2:1

Costco Wholesale Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Costco Wholesale Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history