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Costco (COST) financial statements: income, balance sheet and cash flow

Nasdaq: COST · Consumer staples · United States

Signed off by OffScriptBySami on  · Updated

Data as of  · For information only, not investment advice.

In brief

Costco (Nasdaq: COST) ended FY2026 on 30 Aug 2026 with cash and short-term investments of USD 21.3 billion and total debt of USD 6,162 million, net cash of USD 15.1 billion by our calculation. Its Form 10-K reports revenue of USD 303 billion for the year, of which Q4 FY2026, derived by us, brought USD 95.7 billion.

Data as of Source: Form 10-K for FY2026, filed

Key facts

Data as of

Costco (Nasdaq: COST) · USD · fiscal year ends late August · figures from SEC filings; derived values are marked.

Revenue, TTM (USD bn)
303
TTM to · Form 10-K
Revenue by quarter, from USD 62.2 bn in Q1 FY2025 to USD 95.7 bn in Q4 FY2026
Operating income, TTM (USD bn)
11.7
TTM to · Form 10-K
Net income, TTM (USD bn)
9.23
TTM to · Form 10-K
Free cash flow, TTM (USD bn)
9.38
TTM to · derived
Total assets (USD bn)
89.0
at · Form 10-K
Net cash (USD bn)
15.1
at · derived: cash and short-term investments minus total debt

What the numbers show

Costco's operating income grew faster than its revenue from FY2022 to FY2026: at a compound annual rate of 10.7%, against 7.5% for revenue, our calculations. In FY2026, the year ended 30 Aug 2026, revenue was USD 303,154 million, operating income USD 11,685 million and net income USD 9,226 million. That is an operating margin of 3.9%, our calculation.

The 10-K puts most of the rise in FY2026 net sales down to comparable sales, with the rest from net new warehouses opened since the end of FY2025. Q4 FY2026 brought revenue of USD 95.7 billion, 11.1% more than in Q4 FY2025 (our calculation), and net income of USD 2,998 million. The 10-K says the fourth quarter spans four of the year's thirteen four-week periods, against three for each other quarter. Its cells are the fiscal year less the first three quarters, marked D.

The balance sheet at 30 Aug 2026 shows total assets of USD 89.0 billion, against USD 77.1 billion a year earlier. Cash and short-term investments rose to USD 21.3 billion from USD 15.3 billion, and total debt was USD 6,162 million. That leaves net debt below zero: net cash of USD 15.1 billion, our calculation. The 10-K puts the higher interest income of FY2026 down to higher cash balances, partly offset by lower interest rates.

The cash flow statement shows cash from operations of USD 15,817 million in FY2026, up from USD 13,335 million in FY2025 and USD 7,392 million in FY2022. The 10-K credits higher operating income and a smaller net investment in merchandise inventories for the FY2026 rise. Capital expenditure was USD 6,435 million. That left free cash flow of USD 9,382 million, our calculation, against USD 7,837 million in FY2025.

Diluted EPS was USD 20.76 per share in FY2026. Dividends declared came to USD 5.54 per share in FY2026; the board raised the quarterly dividend in April 2026, and FY2024's USD 19.36 per share included a special dividend. Dividends paid were USD 2,458 million and buybacks USD 848 million in FY2026. Costco stock fundamentals sets both against free cash flow.

Income statement

Chart 1

Costco quarterly revenue, Q1 FY2025 to Q4 FY2026

USD bn · quarters ended to

Revenue by quarter, from USD 62.2 bn in Q1 FY2025 to USD 95.7 bn in Q4 FY2026.025507510095.7Q1FY25Q2Q3Q4Q1FY26Q2Q3Q4stockfactsheet.com
Source: Costco Forms 10-Q and 10-K, SEC EDGAR Data as of

Annual

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Table 1 Costco income statement, annual, FY2022–FY2026 (USD millions) USD millions, except per-share data (USD) and percentages · Fiscal year ends late August
USD mFY2026ended FY2025ended FY2024ended FY2023ended FY2022ended CAGRFY22–FY26
Revenue303,154275,235254,453242,290226,954increased 7.5%
Revenue YoY %increased 10.1%increased 8.2%increased 5.0% 1increased 6.8% 2increased 15.8%not available
Cost of revenue264,279239,886222,358212,586199,382increased 7.3%
Gross profit38,875 D35,349 D32,095 D29,704 D27,572 Dincreased 9.0%
Gross margin %12.8%12.8%12.6%12.3%12.1%not available
SG&A27,19024,96622,81021,59019,779increased 8.3%
Operating income11,68510,3839,2858,1147,793increased 10.7%
Operating margin %3.9%3.8%3.6%3.3%3.4%not available
Pre-tax income12,25110,8189,7408,4877,840increased 11.8%
Income tax3,0252,7192,3732,1951,925increased 12.0%
Net income9,2268,0997,3676,2925,844increased 12.1%
Net margin %3.0%2.9%2.9%2.6%2.6%not available
Per share
Diluted EPS (USD)20.7618.2116.5614.1613.14increased 12.1%
Diluted shares (m)444445445444445not available
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Source: Costco Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Combined from line items reported in the same filing (see Methodology).
  • Not available

1 FY2024 had 52 weeks; FY2023 had 53 weeks (364 vs 371 days).

2 FY2023 had 53 weeks; FY2022 had 52 weeks (371 vs 364 days).

CAGR: compound annual growth rate from FY2022 to FY2026, our calculation; n/m when the endpoints differ in sign or the base is zero or negative.

Totals may not add up because of rounding.

Arrows show direction of change only, not whether a change is good or bad.

Quarterly

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Table 2 Costco income statement, quarterly, Q1 FY2025–Q4 FY2026 (USD millions) USD millions, except per-share data (USD) and percentages · Fiscal year ends late August
USD mQ4 FY2026ended Q3 FY2026ended Q2 FY2026ended Q1 FY2026ended Q4 FY2025ended Q3 FY2025ended Q2 FY2025ended Q1 FY2025ended
Revenue95,723 D70,52769,59767,30786,156 D63,20563,72362,151
Revenue YoY %increased 11.1%increased 11.6%increased 9.2%increased 8.3%increased 8.1%increased 8.0%increased 9.0%increased 7.5%
Cost of revenue83,531 D61,51960,71958,51075,037 D54,99655,74454,109
Gross profit12,192 D9,008 D8,878 D8,797 D11,119 D8,209 D7,979 D8,042 D
Gross margin %12.7%12.8%12.8%13.1%12.9%13.0%12.5%12.9%
SG&A8,391 D6,1936,2726,3347,778 D5,6795,6635,846
Operating income3,801 D2,8152,6062,4633,341 D2,5302,3162,196
Operating margin %4.0%4.0%3.7%3.7%3.9%4.0%3.6%3.5%
Income tax1,011 D746686582900 D677634508
Net income2,998 D2,1922,0352,0012,610 D1,9031,7881,798
Net margin %3.1%3.1%2.9%3.0%3.0%3.0%2.8%2.9%
Per share
Diluted EPS (USD)not available4.934.584.50not available4.284.024.04
Diluted shares (m)not available444444445not available445445445
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Source: Costco Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Fourth quarter derived as the fiscal year minus the nine-month year-to-date total.
  • D Combined from line items reported in the same filing (see Methodology).
  • Not available

Totals may not add up because of rounding.

Arrows show direction of change only, not whether a change is good or bad.

Balance sheet

Annual

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Table 3 Costco assets, annual, FY2022–FY2026 (USD millions) USD millions
USD mFY2026at FY2025at FY2024at FY2023at FY2022at
Cash and short-term investments21,301 D15,284 D11,144 D15,234 D11,049 D
Receivables3,9593,2032,7212,2852,241
Inventory19,32418,11618,64716,65117,907
Total current assets46,58238,38034,24635,87932,696
PP&E (net)35,63331,90929,03226,68424,646
Goodwill and intangibles994 D994 D 1994 D994 D993 D
Total assets89,04577,09969,83168,99464,166
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Source: Costco Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Cash and cash equivalents plus the short-term investments, current marketable securities or current debt securities the filing tags, from the same filing.
  • D Goodwill plus the intangible assets the filing reports under the standard intangible-asset tags or the components our mapping lists for the company, from the same filing. Intangible assets a company shows on separate balance sheet lines under other tags, such as licences, may not be included, so for some companies this line is goodwill alone; the lines included can change when the company changes its balance sheet.

1 As presented in Form 10-K filed .

Totals may not add up because of rounding.

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Table 4 Costco liabilities and shareholders' equity, annual, FY2022–FY2026 (USD millions) USD millions · net cash shown as a negative net debt
USD mFY2026at FY2025at FY2024at FY2023at FY2022at
Current liabilities43,95237,10835,46433,58331,998
Total debt6,162 D5,788 D5,897 D6,458 D6,557 D
Total liabilities53,24247,93546,20943,93643,519
Shareholders' equity35,80329,16423,62225,05820,642
Net debt / (net cash)−15,139 D−9,496 D−5,247 D−8,776 D−4,492 D
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Source: Costco Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Total debt = short-term debt + long-term debt, from the same filing.
  • D Net debt = total debt minus cash and short-term investments; a negative value is net cash.

Totals may not add up because of rounding.

Quarterly

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Table 5 Costco assets, quarterly, Q1 FY2025–Q4 FY2026 (USD millions) USD millions
USD mQ4 FY2026at Q3 FY2026at Q2 FY2026at Q1 FY2026at Q4 FY2025at Q3 FY2025at Q2 FY2025at Q1 FY2025at
Cash and short-term investments21,301 D19,996 D18,240 D17,183 D15,284 D14,850 D13,158 D11,827 D
Receivables3,9593,7503,7823,2313,2032,8753,0602,963
Inventory19,32419,41818,99121,14118,11618,60618,75420,979
Total current assets46,58245,17743,13343,41138,38038,15136,89737,523
PP&E (net)35,63334,29333,64532,61631,90930,58229,80929,336
Goodwill and intangibles994 Dnot availablenot availablenot available994 D 1not availablenot availablenot available
Total assets89,04586,43083,63982,79077,09975,48273,22473,386
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Source: Costco Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Cash and cash equivalents plus the short-term investments, current marketable securities or current debt securities the filing tags, from the same filing.
  • D Goodwill plus the intangible assets the filing reports under the standard intangible-asset tags or the components our mapping lists for the company, from the same filing. Intangible assets a company shows on separate balance sheet lines under other tags, such as licences, may not be included, so for some companies this line is goodwill alone; the lines included can change when the company changes its balance sheet.
  • Not available

1 As presented in Form 10-K filed .

Totals may not add up because of rounding.

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Table 6 Costco liabilities and shareholders' equity, quarterly, Q1 FY2025–Q4 FY2026 (USD millions) USD millions · net cash shown as a negative net debt
USD mQ4 FY2026at Q3 FY2026at Q2 FY2026at Q1 FY2026at Q4 FY2025at Q3 FY2025at Q2 FY2025at Q1 FY2025at
Current liabilities43,95242,12540,76341,80537,10837,57936,99938,289
Total debt6,162 D5,670 D5,760 D5,736 D5,788 D5,895 D5,853 D5,842 D
Total liabilities53,24252,92151,55252,48747,93548,35747,64748,935
Shareholders' equity35,80333,50932,08730,30329,16427,12525,57724,451
Net debt / (net cash)−15,139 D−14,326 D−12,480 D−11,447 D−9,496 D−8,955 D−7,305 D−5,985 D
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Source: Costco Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Total debt = short-term debt + long-term debt, from the same filing.
  • D Net debt = total debt minus cash and short-term investments; a negative value is net cash.

Totals may not add up because of rounding.

Cash flow

Chart 2

Costco quarterly free cash flow, Q1 FY2025 to Q4 FY2026

USD bn · quarters ended to

Free cash flow by quarter, from USD 2.00 bn in Q1 FY2025 to USD 2.48 bn in Q4 FY2026.012342.5Q1FY25Q2Q3Q4Q1FY26Q2Q3Q4stockfactsheet.com
Source: Costco Forms 10-Q and 10-K, SEC EDGAR Data as of

Annual

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Table 7 Costco cash flow, annual, FY2022–FY2026 (USD millions) USD millions · outflows shown with a minus sign
USD mFY2026ended FY2025ended FY2024ended FY2023ended FY2022ended
Cash from operations15,81713,33511,33911,0687,392
Capital expenditure−6,435−5,498−4,710−4,323−3,891
Free cash flow9,382 D7,837 D6,629 D6,745 D3,501 D
Dividends paid−2,458−2,183−9,041−1,251−1,498
Share buybacks−848−903−700−676−439
Cash from investing−6,378−5,311−4,409−4,972−3,915
Cash from financing−3,355−3,775−10,764−2,614−4,283
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Source: Costco Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Free cash flow = cash from operations minus capital expenditure.

Totals may not add up because of rounding.

Quarterly

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Table 8 Costco cash flow, quarterly, Q1 FY2025–Q4 FY2026 (USD millions) USD millions · outflows shown with a minus sign
USD mQ4 FY2026ended Q3 FY2026ended Q2 FY2026ended Q1 FY2026ended Q4 FY2025ended Q3 FY2025ended Q2 FY2025ended Q1 FY2025ended
Cash from operations4,684 D3,449 D2,996 D4,6883,867 D3,460 D2,748 D3,260
Capital expenditure−2,207 D−1,413 D−1,289 D−1,526−1,966 D−1,131 D−1,137 D−1,264
Free cash flow2,477 D2,036 D1,707 D3,162 D1,901 D2,329 D1,611 D1,996 D
Dividends paid−1,304 D0 D−577 D−577−1,153 D−515 D0 D−515
Share buybacks−245 D−184 D−209 D−210−280 D−211 D−205 D−207
Cash from investing−2,218 D−1,592 D−1,170 D−1,398−1,968 D−1,336 D−1,022 D−985
Cash from financing−1,180 D−278 D−730 D−1,167−1,593 D−748 D−241 D−1,193
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Source: Costco Forms 10-Q and 10-K, SEC EDGAR Data as of

  • D Fourth quarter derived as the fiscal year minus the nine-month year-to-date total.
  • D Quarter derived from year-to-date totals: the six- or nine-month figure minus the earlier quarters.
  • D Free cash flow = cash from operations minus capital expenditure.

Totals may not add up because of rounding.

Per share and dividends

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Table 9 Costco per-share data and dividends, annual, FY2022–FY2026 USD per share, split-adjusted · shares in millions
USDFY2026ended FY2025ended FY2024ended FY2023ended FY2022ended
Basic EPS (USD)20.7818.2416.5914.1813.17
Diluted EPS (USD)20.7618.2116.5614.1613.14
Dividends declared per share (USD)5.544.9219.363.84 1not available
Diluted shares (m)444445445444445
Shares outstanding at year end (m)443443443443443
FCF cover (×)3.8×3.6×0.7×5.4×2.3×
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Source: Costco Forms 10-Q and 10-K, SEC EDGAR Data as of

  • Not available

1 As presented in Form 10-K filed .

Notes on these figures

  • R Restated
    • None in the periods shown.
  • D Derived by StockFactsheet
    • Combined from line items reported in the same filing (see Methodology).
    • Fourth quarter derived as the fiscal year minus the nine-month year-to-date total.
    • Cash and cash equivalents plus the short-term investments, current marketable securities or current debt securities the filing tags, from the same filing.
    • Goodwill plus the intangible assets the filing reports under the standard intangible-asset tags or the components our mapping lists for the company, from the same filing. Intangible assets a company shows on separate balance sheet lines under other tags, such as licences, may not be included, so for some companies this line is goodwill alone; the lines included can change when the company changes its balance sheet.
    • Total debt = short-term debt + long-term debt, from the same filing.
    • Net debt = total debt minus cash and short-term investments; a negative value is net cash.
    • Free cash flow = cash from operations minus capital expenditure.
    • Quarter derived from year-to-date totals: the six- or nine-month figure minus the earlier quarters.
  • Template: standard statement set (not bank or insurer).
  • Arrows show direction of change only, not whether a change is good or bad.

How we got these numbers

Every figure comes from Costco's Forms 10-Q and 10-K as filed with the SEC. Derived values are marked D and explained below.

Full method for this page
Source documents
Forms 10-Q (Q1 FY2025 to Q4 FY2026) and 10-K (FY2022 to FY2026)
Period covered
8 quarters and 5 fiscal years
Calculations
TTM = sum of the last 4 quarters. Q4 = fiscal year minus the nine-month YTD. Margins = line item ÷ revenue. FCF = cash from operations − capital expenditure. CAGR = compound annual growth across the annual table.
Restatements
None in the periods shown.
Comparator
None: this page shows the company's own figures only.
Currency
As reported (USD); no FX conversion.
Read the full methodology

CSV downloads

One file per statement, with the annual and quarterly figures on this page in full units.

Sources and data

Data as of Figures are as reported in the filings below. Derived figures are our calculations (see Methodology).

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  1. [1] Filing Form 10-K, fiscal year ended 30 Aug 2026 Costco Wholesale Corporation · · sec.gov
  2. [2] Filing Form 10-Q, quarter ended 10 May 2026 Costco Wholesale Corporation · · sec.gov
  3. [3] Filing Form 10-Q, quarter ended 15 Feb 2026 Costco Wholesale Corporation · · sec.gov
  4. [4] Filing Form 10-Q, quarter ended 23 Nov 2025 Costco Wholesale Corporation · · sec.gov
  5. [5] Filing Form 10-K, fiscal year ended 31 Aug 2025 Costco Wholesale Corporation · · sec.gov
  6. [6] Filing Form 10-Q, quarter ended 11 May 2025 Costco Wholesale Corporation · · sec.gov
  7. [7] Filing Form 10-Q, quarter ended 16 Feb 2025 Costco Wholesale Corporation · · sec.gov
  8. [8] Filing Form 10-Q, quarter ended 24 Nov 2024 Costco Wholesale Corporation · · sec.gov
  9. [9] Filing Form 10-K, fiscal year ended 1 Sep 2024 Costco Wholesale Corporation · · sec.gov
  10. [10] Filing Form 10-K, fiscal year ended 3 Sep 2023 Costco Wholesale Corporation · · sec.gov
  11. [11] Filing Form 10-K, fiscal year ended 28 Aug 2022 Costco Wholesale Corporation · · sec.gov
  12. [12] Filing Form 10-Q, quarter ended 12 May 2024 Costco Wholesale Corporation · · sec.gov
  13. [13] Filing Form 10-Q, quarter ended 18 Feb 2024 Costco Wholesale Corporation · · sec.gov
  14. [14] Filing Form 10-Q, quarter ended 26 Nov 2023 Costco Wholesale Corporation · · sec.gov
  15. [15] Filing Form 10-K, fiscal year ended 29 Aug 2021 Costco Wholesale Corporation · · sec.gov
  16. [16] Our dataset StockFactsheet fundamentals dataset, extracted from SEC EDGAR XBRL on ; derived values (Q4, TTM, free cash flow, net debt, margins, growth rates and ratios) are explained in Methodology.

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StockFactsheet (2026). "Costco (COST) financial statements: income, balance sheet and cash flow." Signed off by OffScriptBySami. Updated ; data as of . https://stockfactsheet.com/stocks/cost/financials/

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For information only. StockFactsheet does not recommend buying, selling or holding any security. Figures can contain errors; always check the original filings. Full disclaimer

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Update history

  1. Data refresh Data refresh: figures as of 30 Aug 2026.
  2. Published First published version.