Overview
COSTCO WHOLESALE CORP /NEW
Latest 10-K: FY2026, filed Oct 7, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $303.15B
- 10.1%YoYup from FY2025
- TotalRevenue
- Gross profit
- $38.88B
- 10.0%YoYup from FY2025
- GrossProfit
- Operating income
- $11.69B
- 12.5%YoYup from FY2025
- OperatingIncome
- Net income
- $9.23B
- 13.9%YoYup from FY2025
- NetIncome
- Diluted EPS
- $20.76
- 14.0%YoYup from FY2025
- EPSDiluted
- Diluted shares
- 444.4M
- 0.1%YoYdown from FY2025
- WeightedAvgSharesDiluted
At a glance
Growth
- COSTCO WHOLESALE CORP /NEW reported revenue of $303.15B for fiscal 2026, up 10.1% from fiscal 2025.
- Revenue grew faster than the median S&P 500 member in 4 of the last 4 fiscal years.
Profitability
- Operating margin was 3.9% and net margin was 3.0%.
Per share
- Diluted EPS was $20.76, up 14.0% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 30, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $303.15B10.1%up | $275.24B8.2%up Benchmark median 6.4% | $254.45B5.0%up Benchmark median 4.5% | $242.29B6.8%up Benchmark median 4.8% | $226.95B15.8%up Benchmark median 10.3% | 7.5% |
| Gross Profit Median of 315 / 498 | $38.88B10.0%up | $35.35B10.1%up Benchmark median 6.8% | $32.09B8.0%up Benchmark median 5.5% | $29.70B7.7%up Benchmark median 5.2% | $27.57B9.2%up Benchmark median 8.3% | 9.0% |
| Operating Income Median of 373 / 498 | $11.69B12.5%up | $10.38B11.8%up Benchmark median 7.3% | $9.29B14.4%up Benchmark median 7.4% | $8.11B4.1%up Benchmark median 4.9% | $7.79B16.2%up Benchmark median 7.5% | 10.7% |
| Net Income | $9.23B13.9%up | $8.10B9.9%up Benchmark median 4.8% | $7.37B17.1%up Benchmark median 5.7% | $6.29B7.7%up Benchmark median 1.9% | $5.84B16.7%up Benchmark median 1.3% | 12.1% |
| EPS (Diluted) | $20.7614.0%up | $18.2110.0%up Benchmark median 6.2% | $16.5616.9%up Benchmark median 7.9% | $14.167.8%up Benchmark median 1.9% | $13.1416.6%up Benchmark median 1.5% | 12.1% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $89.05B15.5%up | $77.10B10.4%up Benchmark median 5.6% | $69.83B1.2%up Benchmark median 3.4% | $68.99B7.5%up Benchmark median 4.1% | $64.17B8.3%up Benchmark median 2.2% | 8.5% |
| Total Liabilities Median of 357 / 498 | $53.24B11.1%up | $47.94B3.7%up Benchmark median 6.4% | $46.21B5.2%up Benchmark median 1.9% | $43.94B1.0%up Benchmark median 2.9% | $43.52B5.7%up Benchmark median 2.0% | 5.2% |
| Stockholders' Equity | $35.80B22.8%up | $29.16B23.5%up Benchmark median 6.8% | $23.62B5.7%down Benchmark median 5.4% | $25.06B21.4%up Benchmark median 7.3% | $20.65B14.2%up Benchmark median 2.5% | 14.8% |
| Cash & Equivalents | $20.21B42.7%up | $14.16B43.0%up Benchmark median 5.2% | $9.91B27.7%down Benchmark median 1.9% | $13.70B34.3%up Benchmark median 6.7% | $10.20B9.4%down Benchmark median -8.6% | 18.6% |
| Total Debt | $6.16B6.5%up | $5.79B1.8%down Benchmark median 2.1% | $5.90B8.7%down Benchmark median 0.2% | $6.46B1.5%down Benchmark median 0.3% | $6.56B12.5%down Benchmark median 0.1% | -1.5% |
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $15.82B18.6%up | $13.34B17.6%up Benchmark median 6.3% | $11.34B2.4%up Benchmark median 4.8% | $11.07B49.7%up Benchmark median 9.9% | $7.39B17.5%down Benchmark median -0.7% | 20.9% |
| Capital Expenditures | $6.43B17.0%up | $5.50B16.7%up Benchmark median 5.4% | $4.71B9.0%up Benchmark median 2.8% | $4.32B11.1%up Benchmark median 11.3% | $3.89B8.4%up Benchmark median 14.0% | 13.4% |
| Free Cash Flow Median of 378 / 498 | $9.38B19.7%up | $7.84B18.2%up Benchmark median 7.3% | $6.63B1.7%down Benchmark median 6.1% | $6.75B92.7%up Benchmark median 8.8% | $3.50B34.8%down Benchmark median -11.3% | 27.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2026Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
2.2%
Wall Street
on net earnings
FY2025 1.9%
2.2%
Value investor
on free cash flow
FY2025 1.9%
Gap Same: Both views read the same
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E 45.5×Value investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Enterprise yield
What a dollar of enterprise value earned
3.5%
Wall Street
on EBITDA
FY2025 3.1%
2.9%
Value investor
on EBIT
FY2025 2.5%
Gap −0.6 pts: Value-investor figure 0.6 points lower
How it’s calculated
Wall Street · on EBITDA
EBITDA ÷ enterprise value (1 ÷ EV/EBITDA)
ev_ebitda (ratio table)
EV/EBITDA 28.2×Value investor · on EBIT
Operating income (EBIT) ÷ enterprise value: depreciation counts as a real cost
operating income ÷ (ev_ebitda × ebitda)
Valuation · Book yield
Net assets behind a dollar of market value
8.5%
Wall Street
on book equity
FY2025 7.0%
8.3%
Value investor
on tangible book
FY2025 7.0%
Gap −0.2 pts: Value-investor figure 0.2 points lower
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 11.7×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
28.4%
Wall Street
ROE: net income ÷ equity
FY2025 30.7%
33.7%
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2025 31.4%
Gap +5.3 pts: Value-investor figure 5.3 points higher
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Quality · Cash margin
Cash profit kept from each dollar of sales
4.7%
Wall Street
EBITDA margin
FY2025 4.7%
3.1%
Value investor
Free-cash-flow margin
FY2025 2.8%
Gap −1.6 pts: Value-investor figure 1.6 points lower
How it’s calculated
Wall Street · EBITDA margin
EBITDA ÷ revenue
ebitda ÷ revenue
Value investor · Free-cash-flow margin
(Operating cash flow − capital expenditures) ÷ revenue: taxes, interest, working capital and capex all paid
free cash flow ÷ revenue
Balance sheet · Liquidity
Short-term assets per dollar of bills due within a year
1.06×
Wall Street
Current ratio
FY2025 1.03×
0.62×
Value investor
Quick ratio, inventory excluded
FY2025 0.55×
Gap −0.44×: Value-investor figure 0.44 lower
How it’s calculated
Wall Street · Current ratio
Current assets ÷ current liabilities
current_ratio (ratio table)
Value investor · Quick ratio, inventory excluded
(Current assets − inventory) ÷ current liabilities
quick_ratio (ratio table)
Balance sheet · Debt cover
How many times one year of earnings repays all debt
2.33×
Wall Street
EBITDA ÷ total debt
FY2025 2.21×
1.52×
Value investor
FCF ÷ total debt
FY2025 1.35×
Gap −0.81×: Value-investor figure 0.81 lower
How it’s calculated
Wall Street · EBITDA ÷ total debt
EBITDA ÷ total debt (short-term + long-term)
ebitda ÷ total debt
Net cashValue investor · FCF ÷ total debt
Free cash flow ÷ total debt: what is actually left to repay it
free cash flow ÷ total debt
Balance sheet · Interest cover
How many times earnings pay the year's interest
99.0×
Wall Street
EBITDA ÷ interest
FY2025 83.2×
80.6×
Value investor
EBIT ÷ interest
FY2025 67.4×
Gap −18.4×: Value-investor figure 18.4 lower
How it’s calculated
Wall Street · EBITDA ÷ interest
EBITDA ÷ interest expense
ebitda_interest_coverage (ratio table)
Value investor · EBIT ÷ interest
Operating income ÷ interest expense
interest_coverage (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on COST yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on COST and publish the result to your public profile.
Cite this page
Data as of Oct 30, 2026. Canonical address: https://valuein.biz/data/COST
Valuein. (2026, October 30). COSTCO WHOLESALE CORP /NEW (COST) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/COST
@misc{valuein_cost_2026,
author = {{Valuein}},
title = {COSTCO WHOLESALE CORP /NEW (COST) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/COST}},
note = {Data as of 2026-10-30; source: SEC EDGAR filings}
}10-K filed Oct 7, 2026 · accession 0000909832-26-000093
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point-in-time · survivorship-free · every number traceable to its SEC filing
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