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COSTCostco

Consumer staples · Discount Stores · Nasdaq

Costco Wholesale Corporation and its subsidiaries (Costco or the Company) began operations in 1983, in Seattle, Washington. 10-K, Item 1

COST quote by TradingView
Employees
355,000
Headquarters
Issaquah, WA
CEO
Roland Michael Vachris
Next results
around Dec 10, 2026
Compare with peers → Embed
All key numbers (42, from the latest 10-K and 10-Q) From EDGAR
EPS (ttm)20.76Sales (ttm)303.2BNet income (ttm)9.2BSales growth+10.1%EPS growth+14.0%Sales Q/Q-
Free cash flow9.4BGross margin12.8%Oper. margin3.9%Net margin3.0%FCF margin3.1%ROE25.8%
ROA10.4%R&D / sales-Dividend5.54Debt/Eq0.17Curr. ratio1.06Cash20.2B
Op. cash flow (ttm)15.8BEBITDA14.4BEBITDA margin4.7%Net debt-14.0BQuick ratio0.62Interest cover80.59
ROIC21.0%Payout ratio26.7%Tax rate24.7%Stock pay / sales0.3%Shares out.443.1MShares Y/Y-0.1%
Book / share80.80Cash / share45.60Sales / share684.12Asset turnover3.40Inventory turns13.68Days sales out.5
Sales 3Y CAGR+7.8%Sales 5Y CAGR+9.1%EPS 3Y CAGR+13.7%EPS 5Y CAGR+13.0%Employees355,000Sales / employee854K

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

COST against Consumer staples peers

Ten years, side by side → · All 34 →
GrowthProfitBalanceCleanInsiders
COSTPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 34 companies, the better end on the right. Hover a dot for the company.

Sales growth
+10.1%5th of 33 · median +2.1%
Net margin
3.0%22nd of 33 · median 8.0%
Return on equity
25.8%8th of 29 · median 18.6%
Free cash flow margin
3.1%27th of 33 · median 10.7%
Debt / equity (less is better)
0.172nd of 29 · median 0.82
COST and the 5 peers closest in revenue
CompanyRevenue (ttm)Sales growthGross marginNet marginROEFCF marginDebt / equity
COST Costco$303.2B +10.1%12.8%3.0%25.8%3.1%0.17
KR Kroger$149.3B +0.4%-0.7%18.6%1.6%2.63
TGT Target Corporation$107.7B -1.7%29.3%4.1%24.6%4.1%0.86
PEP PepsiCo$98.2B +2.3%54.2%11.1%48.9%10.7%2.13
BG Bunge Global$93.5B +32.4%5.1%1.2%7.1%-2.8%1.03
PG Procter & Gamble$87.9B +3.3%49.8%18.2%29.0%17.4%0.70

From $227.0B of sales to $5.8B of profit

FY2022, from the 10-K income statement
Revenue to Gross profit: $27.6BRevenue to Cost of revenue: $199.4BGross profit to Operating profit: $7.8BGross profit to Operating expenses: $19.8BOperating profit to Net profit: $5.8BOperating profit to Tax: $1.9B Revenue: $227.0B Revenue$227.0B +16% Y/Y Gross profit: $27.6B · 12% margin Gross profit$27.6B12% margin Cost of revenue: $199.4B · 88% of revenue Cost of revenue$199.4B88% of revenue Operating profit: $7.8B · 3% margin Operating profit$7.8B3% margin +16% Y/Y Operating expenses: $19.8B · 9% of revenue Operating expenses$19.8B9% of revenue Net profit: $5.8B · 3% margin Net profit$5.8B3% margin +17% Y/Y Tax: $1.9B · 1% of revenue Tax$1.9B1% of revenue

Swipe sideways for the whole flow →

From $242.3B of sales to $6.3B of profit

FY2023, from the 10-K income statement and revenue by product
Food and Sundries to Revenue: $96.2BNon-Foods to Revenue: $60.9BWarehouse ancillary and other businesses to Revenue: $48.7BFresh Foods to Revenue: $32.0BMembership to Revenue: $4.6BRevenue to Gross profit: $29.7BRevenue to Cost of revenue: $212.6BGross profit to Operating profit: $8.1BGross profit to Operating expenses: $21.6BOperating profit to Net profit: $6.3BOperating profit to Tax & other: $1.8B Food and Sundries: $96.2B · 40% Food and Sundries$96.2B40% Non-Foods: $60.9B · 25% Non-Foods$60.9B25% Warehouse ancillary and other businesses: $48.7B · 20% Warehouse ancillary and…$48.7B20% Fresh Foods: $32.0B · 13% Fresh Foods$32.0B13% Membership: $4.6B · 2% Membership$4.6B2% Revenue: $242.3B Revenue$242.3B +7% Y/Y Gross profit: $29.7B · 12% margin Gross profit$29.7B12% margin Cost of revenue: $212.6B · 88% of revenue Cost of revenue$212.6B88% of revenue Operating profit: $8.1B · 3% margin Operating profit$8.1B3% margin +4% Y/Y Operating expenses: $21.6B · 9% of revenue Operating expenses$21.6B9% of revenue Net profit: $6.3B · 3% margin Net profit$6.3B3% margin +8% Y/Y Tax & other: $1.8B · 1% of revenue Tax & other$1.8B1% of revenue

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From $254.5B of sales to $7.4B of profit

FY2024, from the 10-K income statement and revenue by product
Food and Sundries to Revenue: $101.5BNon-Foods to Revenue: $64.0BWarehouse ancillary and other businesses to Revenue: $50.0BFresh Foods to Revenue: $34.2BMembership to Revenue: $4.8BRevenue to Gross profit: $32.1BRevenue to Cost of revenue: $222.4BGross profit to Operating profit: $9.3BGross profit to Operating expenses: $22.8BOperating profit to Net profit: $7.4BOperating profit to Tax & other: $1.9B Food and Sundries: $101.5B · 40% Food and Sundries$101.5B40% Non-Foods: $64.0B · 25% Non-Foods$64.0B25% Warehouse ancillary and other businesses: $50.0B · 20% Warehouse ancillary and…$50.0B20% Fresh Foods: $34.2B · 13% Fresh Foods$34.2B13% Membership: $4.8B · 2% Membership$4.8B2% Revenue: $254.5B Revenue$254.5B +5% Y/Y Gross profit: $32.1B · 13% margin Gross profit$32.1B13% margin Cost of revenue: $222.4B · 87% of revenue Cost of revenue$222.4B87% of revenue Operating profit: $9.3B · 4% margin Operating profit$9.3B4% margin +14% Y/Y Operating expenses: $22.8B · 9% of revenue Operating expenses$22.8B9% of revenue Net profit: $7.4B · 3% margin Net profit$7.4B3% margin +17% Y/Y Tax & other: $1.9B · 1% of revenue Tax & other$1.9B1% of revenue

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From $275.2B of sales to $8.1B of profit

FY2025, from the 10-K income statement
Revenue to Gross profit: $35.3BRevenue to Cost of revenue: $239.9BGross profit to Operating profit: $10.4BGross profit to Operating expenses: $25.0BOperating profit to Net profit: $8.1BOperating profit to Tax & other: $2.3B Revenue: $275.2B Revenue$275.2B +8% Y/Y Gross profit: $35.3B · 13% margin Gross profit$35.3B13% margin Cost of revenue: $239.9B · 87% of revenue Cost of revenue$239.9B87% of revenue Operating profit: $10.4B · 4% margin Operating profit$10.4B4% margin +12% Y/Y Operating expenses: $25.0B · 9% of revenue Operating expenses$25.0B9% of revenue Net profit: $8.1B · 3% margin Net profit$8.1B3% margin +10% Y/Y Tax & other: $2.3B · 1% of revenue Tax & other$2.3B1% of revenue

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From $303.2B of sales to $9.2B of profit

FY2026, from the 10-K income statement and revenue by product
Food and Sundries to Revenue: $116.8BNon-Foods to Revenue: $77.4BWarehouse ancillary and other businesses to Revenue: $61.4BFresh Foods to Revenue: $41.7BMembership to Revenue: $5.9BRevenue to Gross profit: $38.9BRevenue to Cost of revenue: $264.3BGross profit to Operating profit: $11.7BGross profit to Operating expenses: $27.2BOperating profit to Net profit: $9.2BOperating profit to Tax & other: $2.5B Food and Sundries: $116.8B · 39% Food and Sundries$116.8B39% Non-Foods: $77.4B · 26% Non-Foods$77.4B26% Warehouse ancillary and other businesses: $61.4B · 20% Warehouse ancillary and…$61.4B20% Fresh Foods: $41.7B · 14% Fresh Foods$41.7B14% Membership: $5.9B · 2% Membership$5.9B2% Revenue: $303.2B Revenue$303.2B +10% Y/Y Gross profit: $38.9B · 13% margin Gross profit$38.9B13% margin Cost of revenue: $264.3B · 87% of revenue Cost of revenue$264.3B87% of revenue Operating profit: $11.7B · 4% margin Operating profit$11.7B4% margin +13% Y/Y Operating expenses: $27.2B · 9% of revenue Operating expenses$27.2B9% of revenue Net profit: $9.2B · 3% margin Net profit$9.2B3% margin +14% Y/Y Tax & other: $2.5B · 1% of revenue Tax & other$2.5B1% of revenue

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Where each $100 of sales went

FY2022
FY2023
FY2024
FY2025
FY2026
  • Cost of revenue
  • Sales, admin & other
  • Tax, less other income
  • Net profit

Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. Revenue by part only for the years in the last two 10-Ks' segment tables. The full income statement →

Profitability

2 of 3
  • !
    Net margin below the peer median3.0% vs 8.0%
  • ✓
    Return on equity above 15%25.8%
  • ✓
    A profit in every one of 10 years
Net margin, FY2017 to FY2026: 2.1% → 3.0%

Balance sheet

4 of 4
  • ✓
    Interest covered more than 5 timesOperating income is 80.6× interest expense
  • ✓
    Debt smaller than equityDebt / equity 0.17 on the latest balance sheet (peer median 0.82)
  • ✓
    Current assets cover current liabilitiesCurrent ratio 1.06
  • ✓
    More cash than debtNet cash $15.1B
Debt / equity at each year end, FY2017 to FY2026: 0.62 → 0.17
What the debt is made of ↓

Cash and shareholders

3 of 4
  • ✓
    Free cash flow positive in every one of 10 years$9.4B last year
  • !
    Share count up over 5 years+0.0%
  • ✓
    Dividend per share up over 3 years$3.84 → $5.54
  • ✓
    Cash from operations above net income$15.8B vs $9.2B
Free cash flow, FY2017 to FY2026: 4.2B → 9.4B

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

What the debt is made of, and when it is due

balance sheet of Aug 30, 2026
Debt: $6.2B Debt$6.2B Long-term debt: $3.9B · 63% Long-term debt$3.9B · 63% Due within a year: $2.2B · 36% Due within a year$2.2B · 36% Next 12 months: $2.2B · 36% Next 12 months$2.2B · 36% Year 3: $136.0M · 2% Year 3$136.0M · 2% Year 4: $1.8B · 28% Year 4$1.8B · 28% Year 5: $161.0M · 3% Year 5$161.0M · 3% After year 5: $1.9B · 30% After year 5$1.9B · 30%

The debt note's own lines, 2026-08-30

Line, as the company names itKindRateFixed or floatingAmount
1.600% Senior Notes due April 2030Notes and bonds1.60%not stated$1.8B
1.375% Senior Notes due June 2027Notes and bonds1.38%not stated$1.2B
Other Long Term Debt––not stated$1.2B
1.750% Senior Notes due April 2032Notes and bonds1.75%not stated$1.0B
3.000% Senior Notes due May 2027Notes and bonds3.00%not stated$1.0B

From the debt note in the 10-K's XBRL (0000909832-26-000093), as the company tags it: by issue, by year, by currency or by kind. Lines from two ways of cutting the same debt can overlap, so they are not added up. Fixed or floating is read from the line's own name only; "not stated" when it says neither.

Left: the debt lines on the balance sheet (XBRL). Right: the principal due each year, from the debt note's maturity schedule; it can differ a little from the balance sheet, which shows the debt net of discounts and fees. Leases are not counted. The full schedule →

Revenue and net income, FY2017 to FY2026

Revenue 303.2B Net income 9.2B
FY2017 revenue 129.0B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000909832-19-000019 FY2017 net income 2.7B · NetIncomeLoss, 0000909832-19-000019 129.0B FY2017 FY2018 revenue 141.6B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000909832-20-000017 FY2018 net income 3.1B · NetIncomeLoss, 0000909832-20-000017 141.6B FY2018 FY2019 revenue 152.7B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000909832-21-000014 FY2019 net income 3.7B · NetIncomeLoss, 0000909832-21-000014 152.7B FY2019 FY2020 revenue 166.8B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000909832-22-000021 FY2020 net income 4.0B · NetIncomeLoss, 0000909832-22-000021 166.8B FY2020 FY2021 revenue 195.9B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000909832-23-000042 FY2021 net income 5.0B · NetIncomeLoss, 0000909832-23-000042 195.9B FY2021 FY2022 revenue 227.0B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000909832-24-000049 FY2022 net income 5.8B · NetIncomeLoss, 0000909832-24-000049 227.0B FY2022 FY2023 revenue 242.3B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000909832-25-000101 FY2023 net income 6.3B · NetIncomeLoss, 0000909832-25-000101 242.3B FY2023 FY2024 revenue 254.5B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000909832-26-000093 FY2024 net income 7.4B · NetIncomeLoss, 0000909832-26-000093 254.5B FY2024 FY2025 revenue 275.2B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000909832-26-000093 FY2025 net income 8.1B · NetIncomeLoss, 0000909832-26-000093 275.2B FY2025 FY2026 revenue 303.2B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000909832-26-000093 FY2026 net income 9.2B · NetIncomeLoss, 0000909832-26-000093 303.2B FY2026

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

COST's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Annual Quarterly
Revenue303.2B
FY2017: 129.0BFY2018: 141.6BFY2019: 152.7BFY2020: 166.8BFY2021: 195.9BFY2022: 227.0BFY2023: 242.3BFY2024: 254.5BFY2025: 275.2BFY2026: 303.2B FY2018FY2020FY2022FY2024FY2026
Net income9.2B
FY2017: 2.7BFY2018: 3.1BFY2019: 3.7BFY2020: 4.0BFY2021: 5.0BFY2022: 5.8BFY2023: 6.3BFY2024: 7.4BFY2025: 8.1BFY2026: 9.2B FY2018FY2020FY2022FY2024FY2026
Free cash flow9.4B
FY2017: 4.2BFY2018: 2.8BFY2019: 3.4BFY2020: 6.1BFY2021: 5.4BFY2022: 3.5BFY2023: 6.7BFY2024: 6.6BFY2025: 7.8BFY2026: 9.4B FY2018FY2020FY2022FY2024FY2026
EPS (diluted)20.76
FY2017: 6.08FY2018: 7.09FY2019: 8.26FY2020: 9.02FY2021: 11.27FY2022: 13.14FY2023: 14.16FY2024: 16.56FY2025: 18.21FY2026: 20.76 FY2018FY2020FY2022FY2024FY2026
Dividend per share5.54
FY2017: 8.90FY2018: 2.14FY2019: 2.44FY2020: -FY2021: -FY2022: -FY2023: 3.84FY2024: 19.36FY2025: 4.92FY2026: 5.54 FY2018FY2020FY2022FY2024FY2026
Diluted shares444.4M
FY2017: 440.9MFY2018: 441.8MFY2019: 442.9MFY2020: 443.9MFY2021: 444.3MFY2022: 444.8MFY2023: 444.5MFY2024: 444.8MFY2025: 444.8MFY2026: 444.4M FY2018FY2020FY2022FY2024FY2026

Revenue by business segment

year to Aug 30, 2026
RevenueSharevs year before
United States 219.8B72.5% +9.9%
Other International 42.8B14.1% +11.8%
Canada 40.6B13.4% +9.9%

10-K 0000909832-26-000093, segment and revenue notes (XBRL).

Revenue by product or service

year to Aug 30, 2026
RevenueSharevs year before
Food and Sundries 116.8B38.5% +6.6%
Non-Foods 77.4B25.5% +8.7%
Warehouse ancillary and other businesses 61.4B20.2% +19.9%
Fresh Foods 41.7B13.8% +9.8%
Membership 5.9B1.9% +11.0%

10-K 0000909832-26-000093, segment and revenue notes (XBRL).

Income statement

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue129.0B141.6B152.7B166.8B195.9B227.0B242.3B254.5B275.2B303.2B
Cost of revenue111.9B123.2B132.9B144.9B170.7B199.4B212.6B222.4B239.9B264.3B
Gross profit--16.5B-------
SG&A12.9B13.9B15.0B16.4B18.5B19.8B21.6B22.8B25.0B27.2B
Operating income4.1B4.5B4.7B5.4B6.7B7.8B8.1B9.3B10.4B11.7B
Interest expense134.0M159.0M150.0M160.0M171.0M158.0M160.0M169.0M154.0M145.0M
Pretax income4.0B4.4B4.8B5.4B6.7B7.8B8.5B9.7B10.8B12.3B
Income tax1.3B1.3B1.1B1.3B1.6B1.9B2.2B2.4B2.7B3.0B
Net income2.7B3.1B3.7B4.0B5.0B5.8B6.3B7.4B8.1B9.2B
EPS (diluted)6.087.098.269.0211.2713.1414.1616.5618.2120.76
Diluted shares440.9M441.8M442.9M443.9M444.3M444.8M444.5M444.8M444.8M444.4M
Depreciation & amortization1.4B1.4B1.5B1.6B1.8B1.9B2.1B2.2B2.4B2.7B
EBITDA5.5B5.9B6.2B7.1B8.5B9.7B10.2B11.5B12.8B14.4B
Gross margin--10.8%-------
Operating margin3.2%3.2%3.1%3.3%3.4%3.4%3.3%3.6%3.8%3.9%
Net margin2.1%2.2%2.4%2.4%2.6%2.6%2.6%2.9%2.9%3.0%
Revenue growth-+9.7%+7.9%+9.2%+17.5%+15.8%+6.8%+5.0%+8.2%+10.1%
EPS growth-+16.6%+16.5%+9.2%+24.9%+16.6%+7.8%+16.9%+10.0%+14.0%

Balance sheet

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash4.5B6.1B8.4B12.3B11.3B10.2B13.7B9.9B14.2B20.2B
Short-term investments1.2B1.2B1.1B1.0B917.0M846.0M1.5B1.2B1.1B1.1B
Receivables1.4B1.7B1.5B1.6B1.8B2.2B2.3B2.7B3.2B4.0B
Inventory9.8B11.0B11.4B12.2B14.2B17.9B16.7B18.6B18.1B19.3B
Current assets17.3B20.3B23.5B28.1B29.5B32.7B35.9B34.2B38.4B46.6B
Property & equipment18.2B19.7B20.9B21.8B23.5B24.6B26.7B29.0B31.9B35.6B
Goodwill--53.0M988.0M996.0M993.0M994.0M994.0M994.0M994.0M
Total assets36.3B40.8B45.4B55.6B59.3B64.2B69.0B69.8B77.1B89.0B
Accounts payable9.6B11.2B11.7B14.2B16.3B17.8B17.5B19.4B19.8B22.6B
Current liabilities17.5B19.9B23.2B24.8B29.4B32.0B33.6B35.5B37.1B44.0B
Total debt6.7B6.6B6.9B7.7B7.5B6.6B6.5B5.9B5.8B6.2B
Total liabilities25.3B27.7B29.8B36.9B41.2B43.5B43.9B46.2B47.9B53.2B
Shareholders' equity10.8B12.8B15.2B18.3B17.6B20.6B25.1B23.6B29.2B35.8B
Retained earnings6.0B7.9B10.3B12.9B11.7B15.6B19.5B17.6B22.6B28.6B

Cash flow

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow6.7B5.8B6.4B8.9B9.0B7.4B11.1B11.3B13.3B15.8B
Capital spending2.5B3.0B3.0B2.8B3.6B3.9B4.3B4.7B5.5B6.4B
Free cash flow4.2B2.8B3.4B6.1B5.4B3.5B6.7B6.6B7.8B9.4B
Stock-based pay (added back)514.0M544.0M595.0M619.0M665.0M724.0M774.0M818.0M860.0M924.0M
Dividends paid3.9B689.0M1.0B1.5B5.7B1.5B1.3B9.0B2.2B2.5B
Buybacks469.0M328.0M247.0M196.0M496.0M439.0M676.0M700.0M903.0M848.0M
Debt raised3.8B0298.0M4.0B000498.0M0496.0M
Debt repaid2.2B86.0M89.0M3.2B94.0M800.0M75.0M1.1B103.0M69.0M
Investing cash flow-2.4B-2.9B-2.9B-3.9B-3.5B-3.9B-5.0B-4.4B-5.3B-6.4B
Financing cash flow-3.2B-1.3B-1.1B-1.1B-6.5B-4.3B-2.6B-10.8B-3.8B-3.4B
Dividend per share8.902.142.44---3.8419.364.925.54

Stock-based pay and leases

From EDGAR
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Stock-based pay (expense)514.0M544.0M595.0M619.0M665.0M724.0M774.0M818.0M860.0M924.0M
Stock-based pay / revenue0.4%0.4%0.4%0.4%0.3%0.3%0.3%0.3%0.3%0.3%
Operating lease cost---252.0M296.0M297.0M309.0M284.0M271.0M282.0M
Operating lease cash paid---258.0M282.0M277.0M287.0M274.0M255.0M312.0M
Finance lease principal paid---49.0M67.0M176.0M291.0M136.0M147.0M89.0M
Right-of-use assets--02.8B2.9B2.8B2.7B2.6B2.7B2.7B
Operating lease liabilities---2.8B2.9B2.7B2.6B2.6B2.7B2.6B
Finance lease liabilities--421.0M688.0M1.1B---1.5B1.4B

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

Work on COST in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/COST/export.csv") into a cell.