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Costco

COST · Consumer Staples

Last earnings Sep 24, 2026

Key results

Net incomequarter

$2.610 billion

Net income for the fourth quarter was $2.610 billion, $5.87 per diluted share, compared to $2.354 billion, $5.29 per diluted share, last year.

SEC original ↗Costco — Earnings release (8-K exhibit)EX-99Sep 25, 2025

Net incomefull-year

$8.099 billion

Net income for the fiscal year was $8.099 billion, $18.21 per diluted share, compared to $7.367 billion, $16.56 per diluted share, last year.

SEC original ↗Costco — Earnings release (8-K exhibit)EX-99Sep 25, 2025

EPSquarter

$5.87

gas impact 4 1 Excluding the impacts from changes in gasoline prices Reported Ex Gas1 Reported Ex Gas1 Core +30bps +22bps Ops -15bps -8bps Other Bus -11bps -13bps Central -3bps -2bps LIFO -6bps -6bps Equity Comp +1bp +1bp Total +13bps +3bps Preopening 0bp 0bp Core on Core Sales: +29bps Total -17bps -9bps + = Favorable/lower, - = Unfavorable/higher Diluted EPS $5.87 +11.0% Growth* Net Income $2.61B +10.9% Growth* *- Other Items for the Quarter: - Last year s results included a net non- recurring tax benefit of $63 million, $0.14 per diluted share, related to a transfer pricing settlement, and true-ups of tax reserves.

SEC original ↗Costco — Presentation / slide deck (8-K exhibit)EX-99Sep 25, 2025

- Excluding last year s tax benefit, net income and diluted EPS growth were both +14.0%.

SEC original ↗Costco — Presentation / slide deck (8-K exhibit)EX-99Sep 25, 2025

AI analysis

Q3 2025 · reported Sep 25, 2025

Based on: Earnings release + Q3 2025 deck + parent 8-K + 10-K — transcript not held

Diluted EPS · Q3 2025
$5.87
Full year: $18.21
EX-99 · Sep 25, 2025
Net income · Q3 2025
$2.610B
Full year: $8.099 billion
EX-99 · Sep 25, 2025
EPS · Q3 2025
$5.87
EX-99 · Sep 25, 2025

The quarter in charts

Diluted EPS — GAAP

Per diluted share, as stated

06.6713.320$5.87Q3 2025 (quarter)$18.21Latest fiscal year

EX-99 · Sep 25, 2025 EPS values as stated in the release.

Headline figures

MetricQ3 2025Prior qtrYear ago
Net income$2.610 billion——
EPS$5.87——

EX-99 · Sep 25, 2025

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Higher energy and gasoline costs, inflation, levels of unemployment, healthcare costs, consumer debt levels, foreign-currency exchange rates, unsettled financial markets, weaknesses in housing and real estate markets, reduced consumer confidence, changes and uncertainties related to government fiscal, monetary, and tax policies including changes in interest rates, tax rates, duties, tariffs, or other restrictions, sovereign debt crises, pandemics and other health crises, and other economic factors could adversely affect demand for our products and services, require a change in product mix, or impact the cost of or ability to purchase inventory.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Last year's results included a net non-recurring tax benefit of $63 million, $0.14 per diluted share, related to a transfer pricing settlement, and true-ups of tax reserves

Based on: Earnings release + Q3 2025 deck + parent 8-K + 10-K — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

Higher energy and gasoline costs, inflation, levels of unemployment, healthcare costs, consumer debt levels, foreign-currency exchange rates, unsettled financial markets, weaknesses in housing and real estate markets, reduced consumer confidence, changes and uncertainties related to government fiscal, monetary, and tax policies including changes in interest rates, tax rates, duties, tariffs, or other restrictions, sovereign debt crises, pandemics and other health crises, and other economic factors could adversely affect demand for our products and services, require a change in product mix, or impact the cost of or ability to purchase inventory.

SEC original ↗Costco — 10-K Annual report10-KOct 7, 2026

Strategy & priorities

Our strategy is to provide our members with a broad range of high-quality merchandise at prices we believe are consistently lower than elsewhere.

SEC original ↗Costco — 10-K Annual report10-KOct 7, 2026

6 Table of Contents Competition Our industry is highly competitive, based on factors such as price, merchandise quality and selection, location, convenience, distribution strategy, and customer service.

SEC original ↗Costco — 10-K Annual report10-KOct 7, 2026

We may be unsuccessful implementing our growth strategy, including expanding our business in existing markets and new markets, and integrating acquisitions, which could have an adverse impact on our business, financial condition and results of operations.

SEC original ↗Costco — 10-K Annual report10-KOct 7, 2026

In addition, certain jurisdictions have enacted or proposed laws and regulations that would prevent or restrict the operation or expansion plans of certain large retailers and warehouse clubs, including us.

SEC original ↗Costco — 10-K Annual report10-KOct 7, 2026

Achieving these metrics relies heavily on member trust and our long-standing culture focused on value, integrity, member service, and always striving to do what is right.

SEC original ↗Costco — 10-K Annual report10-KOct 7, 2026

Risks & headwinds

Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements.

SEC original ↗Costco — Earnings release (8-K exhibit)EX-99Sep 25, 2025

Legal Proceedings 20 Item 4.

SEC original ↗Costco — 10-K Annual report10-KOct 7, 2026

Such forward-looking statements involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements, including, without limitation, the factors set forth in the section titled Item 1A-Risk Factors , and other factors noted in the section titled Item 7-Management's Discussion and Analysis of Financial Condition and Results of Operations and in the consolidated financial statements and related notes in Item 8 of this Report.

SEC original ↗Costco — 10-K Annual report10-KOct 7, 2026

2026 56 8 Table of Contents Item 1A Risk Factors The risks described below could materially and adversely affect our business, financial condition and results of operations.

SEC original ↗Costco — 10-K Annual report10-KOct 7, 2026

Any substantial slowing or sustained decline in these operations could materially adversely affect our business and financial results.

SEC original ↗Costco — 10-K Annual report10-KOct 7, 2026

operations, particularly in California, and our Canadian operations could arise from, among other things: slow growth or declines in comparable warehouse sales (comparable sales); negative trends in operating expenses, including increased labor, healthcare, and energy costs; failing to meet targets for warehouse openings; cannibalizing existing locations with new warehouses; shifts in sales mix toward lower gross margin products; changes or uncertainties in economic conditions in our markets, including higher levels of unemployment and depressed home values; and failing to consistently provide high quality and innovative new products.

SEC original ↗Costco — 10-K Annual report10-KOct 7, 2026

Documents

Earnings deck slides

1 deck with slide view

Costco — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Costco — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Costco — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Costco — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Named in the company’s own filings

Walmart (WMT)“Walmart, Target, Kroger, and Amazon are among our significant general merchandise retail competitors in the U.S.”Target Corporation (TGT)“Walmart, Target, Kroger, and Amazon are among our significant general merchandise retail competitors in the U.S.”Kroger (KR)“Walmart, Target, Kroger, and Amazon are among our significant general merchandise retail competitors in the U.S.”Amazon (AMZN)“Walmart, Target, Kroger, and Amazon are among our significant general merchandise retail competitors in the U.S.”

Filings

72 documents

Earnings releases

29 documents

Presentations

5 documents

Transcripts

0 documents

No transcripts for Costco are held in this edition of the library.

Mentioned by

28 companies

Other tracked companies whose held documents mention Costco by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.