COSTCO WHOLESALE CORP /NEW COST

Consumer discretionary SIC 5331 - Retail-Variety Stores NAICS Retail Trade › General Merchandise Retailers › Warehouse Clubs, Supercenters, and Other General Merchandise Retailers › All Other General Merchandise Retailers derived Nasdaq

Costco Wholesale Corporation and its subsidiaries (Costco or the Company) began operations in 1983, in Seattle, Washington. We are principally engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico, Canada, Mexico, Japan, the United Kingdom (U.K.), Korea, Australia, Taiwan, China, Spain, France, Sweden, Iceland, and New Zealand. Costco operated 914, 890, and 861 warehouses worldwide at August 31, 2025, September 1, 2024, and September 3, 2023. The Company operates e-commerce sites in the U.S., Canada, Mexico, the U.K., Korea, Taiwan, Japan, and Australia. Our common stock trades on the NASDAQ Global Select Market, under the symbol "COST."

We report on a 52/53-week fiscal year, consisting of thirteen four-week periods and ending on the Sunday nearest the end of August. The first three quarters consist of three periods each, and the fourth quarter consists of four periods (five weeks in the thirteenth period in a 53-week year). The material seasonal impact in our operations is increased net sales and earnings during the winter holiday season. References to 2025 and 2024 relate to the 52-week fiscal years ended August 31, 2025, and September 1, 2024. References to 2023 relate to the 53-week fiscal year ended September 3, 2023.

Last close 1,003.32 2026-10-23
Market cap $444.95B 2026-05-10 share count
52-week range 844.06 - 1,096.50

Valuation FY2025 figures against the last close

P/S1.6x
P/E55.1x
P/FCF56.8x
EV/EBITDA34.0x
Dividend yield0.5%
Diluted EPS18.21

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $275.24B$254.45B$242.29B$226.95B$195.93B$166.76B$152.70B$141.58B$129.03B$118.72B
Cost of revenue $239.89B$222.36B$212.59B$199.38B$170.68B$144.94B$132.89B$123.15B$111.88B$102.90B
Gross profit $35.35B$32.09B$29.70B$27.57B$25.25B$21.82B$16.46B$18.42B$17.14B$15.82B
SG&A $24.97B$22.81B$21.59B$19.78B$18.54B$16.39B$14.99B$13.88B$12.95B$12.07B
Operating income $10.38B$9.29B$8.11B$7.79B$6.71B$5.43B$4.74B$4.48B$4.11B$3.67B
Interest expense $154.0M$169.0M$160.0M$158.0M$171.0M$160.0M$150.0M$159.0M$134.0M$133.0M
Pre-tax income $10.82B$9.74B$8.49B$7.84B$6.68B$5.37B$4.76B$4.44B$4.04B$3.62B
Income tax $2.72B$2.37B$2.19B$1.93B$1.60B$1.31B$1.06B$1.26B$1.32B$1.24B
Net income $8.10B$7.37B$6.29B$5.84B$5.01B$4.00B$3.66B$3.13B$2.68B$2.35B
EPS, basic 18.2416.5914.1813.1711.309.058.327.156.115.36
EPS, diluted 18.2116.5614.1613.1411.279.028.267.096.085.33
Shares, diluted (wtd. avg.) 444.8M444.8M444.5M444.8M444.3M443.9M442.9M441.8M440.9M441.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $14.16B$9.91B$13.70B$10.20B$11.26B$12.28B$8.38B$6.05B$4.55B$3.38B
Short-term investments $1.12B$1.24B$1.53B$846.0M$917.0M$1.03B$1.06B$1.20B$1.23B$1.35B
Receivables $3.20B$2.72B$2.29B$2.24B$1.80B$1.55B$1.53B$1.67B$1.43B$1.25B
Inventory $18.12B$18.65B$16.65B$17.91B$14.21B$12.24B$11.39B$11.04B$9.83B$8.97B
Total current assets $38.38B$34.25B$35.88B$32.70B$29.50B$28.12B$23.48B$20.29B$17.32B$15.22B
Property, plant and equipment $31.91B$29.03B$26.68B$24.65B$23.49B$21.81B$20.89B$19.68B$18.16B$17.04B
Goodwill —$994.0M$994.0M$993.0M$996.0M$988.0M$53.0M———
Total assets $77.10B$69.83B$68.99B$64.17B$59.27B$55.56B$45.40B$40.83B$36.35B$33.16B
Accounts payable $19.78B$19.42B$17.48B$17.85B$16.28B$14.17B$11.68B$11.24B$9.61B$7.61B
Short-term debt $75.0M$103.0M$1.08B$73.0M$799.0M$95.0M$1.70B$90.0M$86.0M$1.10B
Total current liabilities $37.11B$35.46B$33.58B$32.00B$29.44B$24.84B$23.24B$19.93B$17.50B$15.57B
Long-term debt $5.71B$5.79B$5.38B$6.48B$6.69B$7.51B$5.12B$6.49B$6.57B$4.06B
Total liabilities $47.94B$46.21B$43.94B$43.52B$41.19B$36.85B$29.82B$27.73B$25.27B$20.83B
Retained earnings $22.65B$17.62B$19.52B$15.59B$11.67B$12.88B$10.26B$7.89B$5.99B$7.69B
Total equity $29.16B$23.62B$25.06B$20.65B$18.08B$18.70B$15.58B$13.10B$11.08B$12.33B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $13.34B$11.34B$11.07B$7.39B$8.96B$8.86B$6.36B$5.77B$6.73B$3.29B
Depreciation and amortisation $2.43B$2.24B$2.08B$1.90B$1.78B$1.65B$1.49B$1.44B$1.37B$1.25B
Stock-based compensation $860.0M$818.0M$774.0M$724.0M$665.0M$619.0M$595.0M$544.0M$514.0M$459.0M
Capital expenditure $5.50B$4.71B$4.32B$3.89B$3.59B$2.81B$3.00B$2.97B$2.50B$2.65B
Investing cash flow -$5.31B-$4.41B-$4.97B-$3.92B-$3.54B-$3.89B-$2.87B-$2.95B-$2.37B-$2.35B
Financing cash flow -$3.77B-$10.76B-$2.61B-$4.28B-$6.49B-$1.15B-$1.15B-$1.28B-$3.22B-$2.42B
Dividends paid $2.18B$9.04B$1.25B$1.50B$5.75B$1.48B$1.04B$689.0M$3.90B$746.0M
Buybacks $903.0M$700.0M$676.0M$439.0M$496.0M$196.0M$247.0M$328.0M$469.0M$486.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000909832-25-000101.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 100B 200B 300B Revenue, FY2016: 118.7B Gross profit, FY2016: 15.8B Net income, FY2016: 2.4B Revenue, FY2017: 129B Gross profit, FY2017: 17.1B Net income, FY2017: 2.7B Revenue, FY2018: 141.6B Gross profit, FY2018: 18.4B Net income, FY2018: 3.1B Revenue, FY2019: 152.7B Gross profit, FY2019: 16.5B Net income, FY2019: 3.7B Revenue, FY2020: 166.8B Gross profit, FY2020: 21.8B Net income, FY2020: 4B Revenue, FY2021: 195.9B Gross profit, FY2021: 25.2B Net income, FY2021: 5B Revenue, FY2022: 227B Gross profit, FY2022: 27.6B Net income, FY2022: 5.8B Revenue, FY2023: 242.3B Gross profit, FY2023: 29.7B Net income, FY2023: 6.3B Revenue, FY2024: 254.5B Gross profit, FY2024: 32.1B Net income, FY2024: 7.4B Revenue, FY2025: 275.2B Gross profit, FY2025: 35.3B Net income, FY2025: 8.1B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $118.72B $129.03B $141.58B $152.70B $166.76B $195.93B $226.95B $242.29B $254.45B $275.24B
Gross profit $15.82B $17.14B $18.42B $16.46B $21.82B $25.25B $27.57B $29.70B $32.09B $35.35B
Net income $2.35B $2.68B $3.13B $3.66B $4.00B $5.01B $5.84B $6.29B $7.37B $8.10B

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event Item 8.01
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 5331

TickerCompanyMarket capP/ERevenue growth
WMT Walmart Inc. $951.18B 43.9x 4.7%
TGT TARGET CORP $69.40B 18.8x -1.7%
DG DOLLAR GENERAL CORP $29.27B 19.4x 5.2%
DLTR DOLLAR TREE, INC. $23.51B 20.1x 10.4%
BJ BJ's Wholesale Club Holdings, Inc. $13.37B 24.2x 4.7%
FIVE FIVE BELOW, INC $12.29B 34.5x 22.9%
PSMT PRICESMART INC $5.28B 35.5x 7.2%
OLLI Ollie's Bargain Outlet Holdings, Inc. $5.21B 22.6x 16.6%