Costco
Runs low-price membership warehouses built on limited selection, rapid turnover, and annual fees.
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Profile
Runs membership warehouses and e-commerce sites selling a limited assortment of bulk groceries, fresh foods, non-foods, fuel, and services, including Kirkland Signature goods. Volume purchasing and efficient distribution support low merchandise margins, while annual membership fees and high renewal are central to profitability.
Operates membership warehouses and e-commerce sites selling foods and sundries, fresh foods, non-foods, and Kirkland Signature private-label goods. Warehouse ancillary businesses include gasoline, pharmacy, optical, food courts, hearing aids, and tire installation; other operations include business centers and travel.
Combines a limited selection of fast-selling items with bulk packaging, volume purchasing, cross-docking, pallet displays, and no-frills facilities. High sales volumes and rapid inventory turnover support gross margins below those of most retailers, while annual membership fees add a recurring revenue stream. The network is concentrated in the United States and Canada, with warehouses across Mexico, Asia, Europe, Australia, and New Zealand.
Member renewal and Kirkland Signature quality are central to loyalty and profitability. Results depend heavily on U.S. and Canadian operations, with California representing a large share of U.S. sales.
Company facts
Categories
Key statistics
Year to date +10.7% · Average volume (30d) 1.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 6, 2026 | Deutsche Bank | Reiterate | Buy | $1,106 | $1,120 |
| Jul 13, 2026 | RBC Capital | Initiate | Sector Perform | $1,000 | |
| Jun 1, 2026 | Mizuho Securities | Target | $1,065 | $1,100 | |
| May 29, 2026 | Truist Financial | Target | $926 | $1,011 | |
| May 20, 2026 | UBS | Reiterate | Buy | $1,175 | $1,275 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| May 28, 2026Q3 FY26 | $4.94 | $4.93 | −0.2% | $70.08B | $70.53B | +0.6% | −3.91% |
| Mar 5, 2026Q2 FY26 | $4.55 | $4.58 | +0.7% | $69.29B | $69.60B | +0.4% | +1.58% |
| Dec 11, 2025Q1 FY26 | $4.27 | $4.34 | +1.6% | $67.14B | $67.31B | +0.2% | 0.00% |
| Sep 25, 2025Q4 FY25 | $5.80 | $5.87 | +1.2% | $86.01B | $86.16B | +0.2% | −2.90% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $63.72B | $63.21B | $86.16B | $67.31B | $69.60B | $70.53B | |
| Gross profit | $7.98B | $8.21B | $11.12B | $8.80B | $8.88B | $9.01B | |
| Operating income | $2.32B | $2.53B | $3.34B | $2.46B | $2.61B | $2.82B | |
| Net income | $1.79B | $1.90B | $2.61B | $2.00B | $2.04B | $2.19B | |
| Diluted EPS | $4.02 | $4.28 | $5.87 | $4.50 | $4.58 | $4.93 | |
| Gross margin | 12.5% | 13.0% | 12.9% | 13.1% | 12.8% | 12.8% | |
| Operating margin | 3.6% | 4.0% | 3.9% | 3.7% | 3.7% | 4.0% |
Fiscal years (4-quarter sums)FY21 $195.93B · FY22 $226.95B · FY23 $242.29B · FY24 $254.45B · FY25 $275.24B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, May 10, 2026Cash & short-term investments $20.00B · Total debt $8.23B · Total assets $86.43B · Shareholders' equity $33.51B
Dividends
Raised for 20 straight years — most recently to $1.47 from $1.30 in May 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 24, 2026 | Jul 24 | Aug 7 | $1.47 | |
| May 1, 2026 | May 1 | May 15 | $1.47 | raised from $1.30 |
| Jan 30, 2026 | Jan 30 | Feb 13 | $1.30 | |
| Oct 31, 2025 | Oct 31 | Nov 14 | $1.30 | |
| Aug 1, 2025 | Aug 1 | Aug 15 | $1.30 | |
| May 2, 2025 | May 2 | May 16 | $1.30 | raised from $1.16 |
| Feb 7, 2025 | Feb 7 | Feb 21 | $1.16 | |
| Nov 1, 2024 | Nov 1 | Nov 15 | $1.16 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 443.48M · Float 440.93M · 99.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 34.20M | 7.71% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 28.98M | 6.53% | 13F | Aug 13, 2026 |
| State Street Corp | 18.38M | 4.15% | 13F | Aug 7, 2026 |
| Invesco Ltd. | 13.99M | 3.15% | 13F | Aug 14, 2026 |
| Geode Capital Management, LLC | 10.63M | 2.40% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 23, 2026 | Kenneth D. Denman | director | −885 | $957.45 |
| Apr 1, 2026 | Caton Frates | officer: Executive Vice President | −700 | $993.00 |
| Mar 9, 2026 | Claudine Adamo | officer: Executive Vice President | −730 | $1,003.02 |
| Jan 21, 2026 | Teresa A. Jones | officer: Executive Vice President | −850 | $986.26 |
| Jan 16, 2026 | Susan L. Decker | director | −458 | $955.00 |
Peers
- Walmart
Sam's Club warehouse rival plus Walmart mass-retail on every category.
- Amazon
Membership-based e-commerce and grocery ecosystem contesting bulk value online.
- BJ's Wholesale Club
Only other U.S.-listed pure warehouse club, concentrated on the East Coast.
- Kroger
Largest pure US grocery chain competing on food, pharmacy, private label.
- Target
Broadline mass retailer contesting household wallet without a membership gate.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Costco | $945.47 | −0.03% | $419.30B | 47.6 | 43.0 | 1.4 | +11.6% |
| Walmart | $103.07 | −0.03% | $820.40B | 37.2 | 34.5 | 1.1 | +5.9% |
| Amazon | $266.10 | −0.11% | $2.87T | 21.4 | 28.5 | 3.7 | +19.6% |
| BJ's Wholesale Club | $93.99 | +3.71% | $11.57B | 19.8 | 18.7 | 0.5 | +15.7% |
| Kroger | $57.69 | −0.06% | $35.36B | 33.8 | 11.1 | 0.2 | +2.2% |
| Target | $163.23 | +0.05% | $74.10B | 16.9 | 17.6 | 0.7 | +5.3% |
| Median | 21.4 | 18.7 | 0.7 | +5.9% |