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COSTCostco Wholesale Corporation
$899.41$398.9B
Overview & Tools
OverviewChart Terminal ↗AnalysisVisualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
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Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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COST logo

Costco Wholesale Corporation

COST
NASDAQ · Discount Stores
$899.41
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$398.87B
P/E49.4x
52W High$1096.50
Volume1.97M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Membership Model Drives Consistent Retail Growth Trajectory

Costco continues to demonstrate a resilient growth profile, evidenced by an 11.6% year-over-year revenue increase in 2026Q3, underpinned by a membership-centric model that fosters high customer loyalty. While the company maintains a fortress balance sheet with...

GrowthAccelerating
ProfitabilityStable
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

COST price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

+121% Peers

P/E is 121% above peer median

03

Market leadership

RS 37 · Lag

Laggard (Underperforming 63% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Aug 28
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth remains robust at 11.6% in 2026Q3, while the company maintains a disciplined gross margin profile consistently near 12.8%.

Analyst Consensus+22.5% target
Buy(59 analysts)
39 Buy19 Hold1 Sell

The Bull Case

Upside Catalysts

Consistent Growth and Strong Fundamentals

In Q1 of fiscal year 2026, Costco's revenue increased by 8.2%, with comparable sales up 6.4% and digital sales growing by 20.5%.

International Expansion and New Formats

Costco is expanding globally, opening new warehouses and exploring business centers to drive future revenue growth.

Resilient Business Model

Costco's value-focused model and Kirkland Signature brand appeal to a loyal customer base, helping it navigate economic challenges.

The Bear Case

Key Downside Risks

High Valuation

Costco's stock is trading at a premium valuation, with a high price-to-earnings (P/E) ratio, leaving little room for error.

Margin Pressure

Rising costs related to labor, supply chains, and competition could pressure Costco's profit margins.

Market Sensitivity

Costco's stock can be sensitive to broader market sentiment and macroeconomic shifts.

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
COST+5.75%
S&P 500 (^GSPC)+13.20%
1-Year Return
COST-4.06%
S&P 500 (^GSPC)+15.98%
3-Year Return
COST+66.35%
S&P 500 (^GSPC)+78.75%
5-Year Return
COST+107.03%
S&P 500 (^GSPC)+76.72%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
49.4x
Forward P/EExpansion
43.8x
EV/EBITDA60th %ile
30.7x
FCF YieldCash Flow
2.0%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
49.4x
40.5x
60th· Fair
EV/EBITDA
30.7x
24.3x
60th· Fair
Price/FCF
50.9x
53.5x
40th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$242.30-73.1%
Base (Fair)$581.29-35.1%
Bull$814.26-9.5%
$242.30 Bear$581.29 Base$814.26 Bull
Current Market Price: $899.41
Trades at a 54.7% premium to Base DCF ($581.29)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$275.24B+8.2% YoY
Net income
$8.1B+9.9% YoY
Free cash flow
$7.84B+18.2% YoY
Operating margin
3.8%+0.1 pts YoY
ROIC (TTM)34.5%
Avg ROIC 5Y-
ROE (TTM)30.7%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026Latest
May 28, 2026
$4.93-1.4%
vs $5.00
$70.5B+1.0%
vs $69.8B
Q2 2026
Mar 5, 2026
$4.58+0.7%
vs $4.55
$69.6B+0.4%
vs $69.3B
Q4 2025
Dec 11, 2025
$4.50+5.4%
vs $4.27
$67.3B+0.2%
vs $67.1B
Q4 2025
Sep 25, 2025
$5.87+1.2%
vs $5.80
$86.2B+0.2%
vs $86.0B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Seeking Alpha·2d ago
Costco's Earnings: All Eyes On An Imminent Catalyst (Its Top Line Is A Done Deal)

Costco's model isn't retail — it's a membership‑driven cash engine whose predictability makes earnings almost pre‑announced, even before the quarterly call. With warehouses expanding, renewal rates above 92%, and gross membership income nearing $9B, Costco's core profit pool is accelerating into FY26. A massive cash build and a history of “Christmas” payouts set the stage for a potential special dividend as Costco enters its most anticipated quarter.

Zacks Investment Research·2d ago
Trading Week Starts Up on Quiet Pre-Market

Looking at this week's calendar of events which may impact market trading, Thursday stands out.

Zacks Investment Research·2d ago
Here's Why Costco (COST) is a Strong Growth Stock

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

Zacks Investment Research·2d ago
U.S.-China Talks Seem Successful: ETF Areas in Focus

U.S.-China trade talks could ease tariff pressures, putting semiconductor, technology, retail and auto ETFs in focus as investors assess the potential impact on China-exposed companies.

Filtered for Costco Wholesale CorporationMore Headlines
04

Compare before deciding

Benchmark COST against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Costco Wholesale Corporation (COST)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
COST logoCOSTCostco Wholesale CorporationCurrent
$899.41$398.87B49.398.17%2.94%30.69%0.55%
WMT logoWMTWalmart Inc.
$110.12$877.77B40.344.73%3.04%21.64%—
TGT logoTGTTarget Corporation
$159.02$72.23B19.56-1.68%4.08%26.66%—
BJ logoBJBJ's Wholesale Club Holdings, Inc.
$90.97$11.62B20.774.66%2.61%26.19%—
KR logoKRThe Kroger Co.
$58.56$36.11B38.030.35%0.73%17.15%—
ACI logoACIAlbertsons Companies, Inc.
$12.07$5.91B30.183.46%0.08%2.91%—

Compare COST vs Peers

Costco Wholesale Corporation (COST) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs WMT

Most directly comparable listed peer for COST.

Scale Benchmark

vs AMZN

Larger-name benchmark to compare COST against a more recognizable public peer.

Peer Set

Compare Top 5

vs WMT, TGT, BJ, KR

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

COST SEC Filings & Documents

Costco Wholesale Corporation (COST) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 28, 2026·SEC

Material company update

Apr 15, 2026·SEC

Material company update

Mar 5, 2026·SEC

10-K Annual Reports

2
FY 2025

Oct 8, 2025·SEC

FY 2024

Oct 9, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Mar 11, 2026·SEC

FY 2025

Dec 17, 2025·SEC

FY 2025

Jun 5, 2025·SEC

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COST Frequently Asked Questions

Costco Wholesale Corporation (COST) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Costco Wholesale Corporation's revenue?

Costco Wholesale Corporation (COST) reported $293.59B in revenue for fiscal year 2025. This represents a 1400% increase from $19.57B in 1996.

How fast is Costco Wholesale Corporation growing?

Costco Wholesale Corporation (COST) grew revenue by 8.2% over the past year. This is steady growth.

Is COST profitable?

Yes, Costco Wholesale Corporation (COST) is profitable, generating $8.84B in net income for fiscal year 2025 (2.9% net margin).

Dividend & Returns
Does COST pay dividends?

Yes, Costco Wholesale Corporation (COST) pays a dividend with a yield of 0.55%. This makes it attractive for income-focused investors.

What is COST's return on equity?

Costco Wholesale Corporation (COST) has a return on equity (ROE) of 30.7%. This is excellent, indicating efficient use of shareholder capital.

What is Costco Wholesale Corporation's free cash flow?

Costco Wholesale Corporation (COST) generated $8.81B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in COST back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →