Costco Wholesale Corporation (COST) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 70.53B | 69.6B | 67.31B | 86.16B | 63.2B | 63.72B | 62.15B | 79.7B | 58.52B | 58.44B | 57.8B | 78.94B | 53.65B | 55.27B | 54.44B | 72.09B | 52.6B | 51.9B | 50.36B | 62.67B |
| Revenue Growth % | 11.58% | 9.22% | 8.3% | 8.1% | 8.02% | 9.04% | 7.53% | 0.96% | 9.07% | 5.75% | 6.18% | 9.5% | 2% | 6.48% | 8.09% | 15.02% | 16.16% | 15.94% | 16.56% | 17.41% |
| Cost of Goods Sold | 61.52B | 60.72B | 58.51B | 75.04B | 55B | 55.74B | 54.11B | 69.59B | 51.17B | 51.14B | 50.46B | 69.22B | 47.17B | 48.42B | 47.77B | 63.56B | 46.35B | 45.52B | 43.95B | 54.73B |
| COGS % of Revenue | 87.23% | 87.24% | 86.93% | 87.09% | 87.01% | 87.48% | 87.06% | 87.32% | 87.45% | 87.51% | 87.3% | 87.69% | 87.93% | 87.62% | 87.75% | 88.16% | 88.13% | 87.69% | 87.27% | 87.33% |
| Gross Profit | 9.01B | 8.88B | 8.8B | 11.12B | 8.21B | 7.98B | 8.04B | 10.11B | 7.34B | 7.3B | 7.34B | 9.72B | 6.47B | 6.84B | 6.67B | 8.53B | 6.24B | 6.39B | 6.41B | 7.94B |
| Gross Margin % | 12.77% | 12.76% | 13.07% | 12.91% | 12.99% | 12.52% | 12.94% | 12.68% | 12.55% | 12.49% | 12.7% | 12.31% | 12.07% | 12.38% | 12.25% | 11.84% | 11.87% | 12.31% | 12.73% | 12.67% |
| Gross Profit Growth % | 9.73% | 11.27% | 9.39% | 9.99% | 11.81% | 9.27% | 9.53% | 4% | 13.43% | 6.71% | 10.11% | 13.91% | 3.72% | 7.14% | 4.01% | 7.44% | 6.47% | 12.23% | 11.5% | 13.75% |
| Operating Expenses | 6.19B | 6.27B | 6.33B | 7.78B | 5.68B | 5.66B | 5.85B | 7.07B | 5.14B | 5.24B | 5.36B | 6.94B | 4.79B | 4.94B | 4.92B | 6.04B | 4.45B | 4.58B | 4.72B | 5.67B |
| OpEx % of Revenue | 8.78% | 9.01% | 9.41% | 9.03% | 8.98% | 8.89% | 9.41% | 8.87% | 8.79% | 8.97% | 9.27% | 8.79% | 8.94% | 8.94% | 9.03% | 8.37% | 8.46% | 8.81% | 9.37% | 9.04% |
| Selling, General & Admin | 6.19B | 6.27B | 6.33B | 7.78B | 5.68B | 5.66B | 5.85B | 7.07B | 5.14B | 5.24B | 5.36B | 6.94B | 4.79B | 4.94B | 4.92B | 6.04B | 4.45B | 4.58B | 4.69B | 5.63B |
| SG&A % of Revenue | 8.78% | 9.01% | 9.41% | 9.03% | 8.98% | 8.89% | 9.41% | 8.87% | 8.79% | 8.97% | 9.27% | 8.79% | 8.94% | 8.94% | 9.03% | 8.37% | 8.46% | 8.81% | 9.31% | 8.99% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 2.81B | 2.61B | 2.46B | 3.34B | 2.53B | 2.32B | 2.2B | 3.04B | 2.2B | 2.06B | 1.98B | 2.78B | 1.68B | 1.9B | 1.75B | 2.5B | 1.79B | 1.81B | 1.69B | 2.27B |
| Operating Margin % | 3.99% | 3.74% | 3.66% | 3.88% | 4% | 3.63% | 3.53% | 3.82% | 3.75% | 3.53% | 3.43% | 3.52% | 3.13% | 3.44% | 3.22% | 3.46% | 3.41% | 3.49% | 3.36% | 3.63% |
| Operating Income Growth % | 11.26% | 12.52% | 12.16% | 9.83% | 15.16% | 12.32% | 10.69% | 9.39% | 30.85% | 8.36% | 13.31% | 11.37% | -6.25% | 5.02% | 3.43% | 9.76% | 7.7% | 35.22% | 18.39% | 17.94% |
| EBITDA | 3.41B | 3.2B | 3.06B | 4.12B | 3.08B | 2.87B | 2.74B | 3.75B | 2.71B | 2.58B | 2.48B | 3.47B | 2.15B | 2.37B | 2.2B | 3.09B | 2.22B | 2.25B | 2.13B | 2.83B |
| EBITDA Margin % | 4.84% | 4.6% | 4.55% | 4.78% | 4.88% | 4.5% | 4.42% | 4.7% | 4.64% | 4.41% | 4.3% | 4.39% | 4.01% | 4.29% | 4.04% | 4.29% | 4.22% | 4.33% | 4.22% | 4.52% |
| EBITDA Growth % | 10.71% | 11.68% | 11.52% | 9.79% | 13.6% | 11.34% | 10.42% | 8.04% | 26.13% | 8.55% | 13.06% | 12.23% | -3.2% | 5.56% | 3.44% | 9.07% | 7.6% | 28.02% | 15.87% | 16.43% |
| D&A (Non-Cash Add-back) | 597M | 597M | 597M | 774M | 552M | 552M | 548M | 706M | 516M | 514M | 501M | 688M | 472M | 470M | 447M | 594M | 431M | 436M | 432M | 559M |
| EBIT | 2.97B | 2.76B | 2.62B | 3.56B | 2.62B | 2.46B | 2.34B | 3.16B | 2.33B | 2.28B | 2.14B | 3.02B | 1.81B | 2.02B | 1.8B | 2.56B | 1.86B | 1.84B | 1.74B | 2.34B |
| Net Interest Income | 123M | 115M | 95M | 134M | 60M | 73M | 59M | 89M | 67M | 144M | 119M | 156M | 83M | 77M | 28M | 7M | -20M | -23M | -23M | -27M |
| Interest Income | 155M | 148M | 130M | 180M | 95M | 109M | 96M | 138M | 108M | 185M | 157M | 212M | 119M | 111M | 62M | 55M | 15M | 13M | 16M | 25M |
| Interest Expense | 32M | 33M | 35M | 46M | 35M | 36M | 37M | 49M | 41M | 41M | 38M | 56M | 36M | 34M | 34M | 48M | 35M | 36M | 39M | 52M |
| Other Income/Expense | 123M | 115M | 120M | 169M | 50M | 106M | 110M | 71M | 87M | 175M | 122M | 182M | 92M | 80M | 19M | 19M | 36M | -11M | 3M | 16M |
| Pretax Income | 2.94B | 2.72B | 2.58B | 3.51B | 2.58B | 2.42B | 2.31B | 3.11B | 2.28B | 2.24B | 2.11B | 2.96B | 1.77B | 1.98B | 1.77B | 2.52B | 1.83B | 1.8B | 1.7B | 2.29B |
| Pretax Margin % | 4.17% | 3.91% | 3.84% | 4.07% | 4.08% | 3.8% | 3.71% | 3.91% | 3.9% | 3.83% | 3.64% | 3.75% | 3.3% | 3.59% | 3.25% | 3.49% | 3.47% | 3.47% | 3.37% | 3.66% |
| Income Tax | 746M | 686M | 582M | 900M | 677M | 634M | 508M | 759M | 603M | 494M | 517M | 803M | 469M | 517M | 406M | 638M | 455M | 481M | 351M | 597M |
| Effective Tax Rate % | 25.39% | 25.21% | 22.53% | 25.64% | 26.24% | 26.18% | 22.03% | 24.38% | 26.4% | 22.08% | 24.55% | 27.1% | 26.48% | 26.07% | 22.94% | 25.36% | 24.9% | 26.71% | 20.7% | 26.06% |
| Net Income | 2.19B | 2.04B | 2B | 2.61B | 1.9B | 1.79B | 1.8B | 2.35B | 1.68B | 1.74B | 1.59B | 2.16B | 1.3B | 1.47B | 1.36B | 1.87B | 1.35B | 1.3B | 1.32B | 1.67B |
| Net Margin % | 3.11% | 2.92% | 2.97% | 3.03% | 3.01% | 2.81% | 2.89% | 2.95% | 2.87% | 2.98% | 2.75% | 2.74% | 2.43% | 2.65% | 2.51% | 2.59% | 2.57% | 2.5% | 2.63% | 2.66% |
| Net Income Growth % | 15.19% | 13.81% | 11.29% | 10.88% | 13.21% | 2.58% | 13.15% | 8.98% | 29.11% | 18.89% | 16.5% | 15.63% | -3.77% | 12.86% | 3.02% | 11.86% | 10.9% | 36.59% | 13.55% | 20.23% |
| Net Income (Continuing) | 2.19B | 2.04B | 2B | 2.61B | 1.9B | 1.79B | 1.8B | 2.35B | 1.68B | 1.74B | 1.59B | 2.16B | 1.3B | 1.47B | 1.36B | 1.88B | 1.37B | 1.32B | 1.34B | 1.69B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5M | 5M | 5M | 5M | 545M | 558M | 537M | 514M |
| EPS (Diluted) | 4.93 | 4.58 | 4.50 | 5.87 | 4.28 | 4.02 | 4.04 | 5.29 | 3.78 | 3.92 | 3.58 | 4.86 | 2.93 | 3.30 | 3.07 | 4.20 | 3.04 | 2.92 | 2.98 | 3.76 |
| EPS Growth % | 15.19% | 13.93% | 11.39% | 10.96% | 13.23% | 2.55% | 12.85% | 8.85% | 29.01% | 18.79% | 16.61% | 15.71% | -3.62% | 13.01% | 3.02% | 11.7% | 10.55% | 36.45% | 13.74% | 20.13% |
| EPS (Basic) | 4.94 | 4.58 | 4.51 | 5.88 | 4.29 | 4.03 | 4.05 | 5.30 | 3.79 | 3.93 | 3.58 | 4.87 | 2.93 | 3.30 | 3.07 | 4.21 | 3.05 | 2.93 | 2.99 | 3.77 |
| Diluted Shares Outstanding | 444.43M | 444.51M | 444.51M | 444.71M | 444.76M | 444.89M | 444.98M | 444.98M | 444.83M | 444.75M | 444.4M | 444.44M | 444.36M | 444.48M | 444.53M | 444.65M | 444.89M | 444.92M | 444.6M | 444.38M |
| Basic Shares Outstanding | 443.92M | 443.96M | 443.96M | 444.01M | 443.96M | 443.98M | 444.01M | 444.01M | 443.89M | 443.89M | 443.83M | 443.88M | 443.81M | 443.88M | 443.84M | 443.84M | 443.7M | 443.62M | 443.38M | 443.23M |
| Dividend Payout Ratio | - | 28.35% | 28.84% | 44.18% | 27.06% | - | 28.64% | 21.84% | 30.64% | 407.75% | 56.95% | 20.93% | 30.65% | - | 29.33% | 42.67% | 25.94% | - | 26.43% | 41.8% |