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

Costco Wholesale Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Aug 30, 2026 · FY), Costco Wholesale Corp reported revenue of $303.2B (+10.1% year on year) and net income of $9.2B (+13.9% year on year).

Income statement

Costco Wholesale Corp income statement, fiscal years

Line item	Aug 30, 2026 · FY	Aug 31, 2025 · FY	Sep 1, 2024 · FY	Sep 3, 2023 · FY
Total revenue	$303.2B	$275.2B	$254.5B	$242.3B
Merchandise costs	$264.3B	$239.9B	$222.4B	$212.6B
Selling, general and administrative	$27.2B	$25.0B	$22.8B	$21.6B
Operating income	$11.7B	$10.4B	$9.3B	$8.1B
Interest expense	($145.0M)	($154.0M)	($169.0M)	($160.0M)
Interest income and other, net	$711.0M	$589.0M	$624.0M	$533.0M
INCOME BEFORE INCOME TAXES	$12.3B	$10.8B	$9.7B	$8.5B
Provision for income taxes	$3.0B	$2.7B	$2.4B	$2.2B
NET INCOME	$9.2B	$8.1B	$7.4B	$6.3B
Basic	$20.78	$18.24	$16.59	$14.18
Diluted	$20.76	$18.21	$16.56	$14.16
Basic	444.0M	444.0M	443.9M	443.9M
Diluted	444.4M	444.8M	444.8M	444.5M

Costco Wholesale Corp income statement, quarters

Line item	May 10, 2026 · Q3	Feb 15, 2026 · Q2	Nov 23, 2025 · Q1	May 11, 2025 · Q3
Total Revenue	$70.5B	$69.6B	$67.3B	$63.2B
Merchandise costs	$61.5B	$60.7B	$58.5B	$55.0B
Selling, general and administrative	$6.2B	$6.3B	$6.3B	$5.7B
Operating income	$2.8B	$2.6B	$2.5B	$2.5B
Interest expense	($32.0M)	($33.0M)	($35.0M)	($35.0M)
Interest income and other, net	$155.0M	$148.0M	$155.0M	$85.0M
INCOME BEFORE INCOME TAXES	$2.9B	$2.7B	$2.6B	$2.6B
Provision for income taxes	$746.0M	$686.0M	$582.0M	$677.0M
NET INCOME	$2.2B	$2.0B	$2.0B	$1.9B
Basic (in dollars per share)	$4.94	$4.58	$4.51	$4.29
Diluted (in dollars per share)	$4.93	$4.58	$4.50	$4.28
Basic (shares)	443.9M	443.9M	444.0M	444.0M
Diluted (shares)	444.4M	444.4M	444.5M	444.8M

Balance sheet

Costco Wholesale Corp balance sheet, fiscal years

Line item	Aug 30, 2026 · FY	Aug 31, 2025 · FY	Sep 1, 2024 · FY	Sep 3, 2023 · FY
Cash and cash equivalents	$20.2B	$14.2B	$9.9B	$13.7B
Short-term investments	$1.1B	$1.1B	$1.2B	$1.5B
Receivables, net	$4.0B	$3.2B	$2.7B	$2.3B
Merchandise inventories	$19.3B	$18.1B	$18.6B	$16.7B
Other current assets	$2.0B	$1.8B	$1.7B	$1.7B
Total current assets	$46.6B	$38.4B	$34.2B	$35.9B
Property and equipment, net	$35.6B	$31.9B	$29.0B	$26.7B
Operating lease right-of-use assets	$2.7B	$2.7B	$2.6B	$2.7B
Other long-term assets	$4.1B	$4.1B	$3.9B	$3.7B
Total assets	$89.0B	$77.1B	$69.8B	$69.0B
Accounts payable	$22.6B	$19.8B	$19.4B	$17.5B
Accrued salaries and benefits	$5.6B	$5.2B	$4.8B	$4.3B
Accrued member rewards	$3.0B	$2.7B	$2.4B	$2.1B
Deferred membership fees	$3.0B	$2.9B	$2.5B	$2.3B
Current portion of long-term debt	$2.2B	—	$103.0M	$1.1B
Other current liabilities	$7.4B	$6.6B	$6.2B	$6.3B
Total current liabilities	$44.0B	$37.1B	$35.5B	$33.6B
Long-term debt, excluding current portion	$3.9B	$5.7B	$5.8B	$5.4B
Long-term operating lease liabilities	$2.4B	$2.5B	$2.4B	$2.4B
Other long-term liabilities	$3.0B	$2.7B	$2.6B	$2.5B
TOTAL LIABILITIES	$53.2B	$47.9B	$46.2B	$43.9B
Preferred stock $.005 par value; 100,000,000 shares authorized; no shares issued and outstanding	0	0	0	0
Common Stock $.005 par value; 900,000,000 shares authorized; 443,266,000 and 442,237,000 shares issued and outstanding	2.0M	2.0M	2.0M	2.0M
Additional paid-in capital	$8.8B	$8.3B	$7.8B	$7.3B
Accumulated other comprehensive loss	($1.6B)	($1.8B)	($1.8B)	($1.8B)
Retained earnings	$28.6B	$22.6B	$17.6B	$19.5B
TOTAL EQUITY	$35.8B	$29.2B	$23.6B	$25.1B
TOTAL LIABILITIES AND EQUITY	$89.0B	$77.1B	$69.8B	$69.0B

Costco Wholesale Corp balance sheet, quarters

Line item	May 10, 2026	Feb 15, 2026	Nov 23, 2025	May 11, 2025
Cash and cash equivalents	$18.9B	$17.4B	$16.2B	$13.8B
Short-term investments	$1.1B	$857.0M	$966.0M	$1.0B
Receivables, net	$3.8B	$3.8B	$3.2B	$2.9B
Merchandise inventories	$19.4B	$19.0B	$21.1B	$18.6B
Other current assets	$2.0B	$2.1B	$1.9B	$1.8B
Total current assets	$45.2B	$43.1B	$43.4B	$38.2B
Property and equipment, net	$34.3B	$33.6B	$32.6B	$30.6B
Operating lease right-of-use assets	$2.7B	$2.8B	$2.7B	$2.7B
Other long-term assets	$4.2B	$4.1B	$4.0B	$4.0B
TOTAL ASSETS	$86.4B	$83.6B	$82.8B	$75.5B
Accounts payable	$22.4B	$20.6B	$23.5B	$19.8B
Accrued salaries and benefits	$5.2B	$5.6B	$5.2B	$4.8B
Accrued member rewards	$2.9B	$2.8B	$2.7B	$2.6B
Deferred membership fees	$3.2B	$3.1B	$3.0B	$2.9B
Other current liabilities	$8.4B	$8.5B	$7.4B	$7.4B
Total current liabilities	$42.1B	$40.8B	$41.8B	$37.6B
Long-term debt, excluding current portion	$5.7B	$5.7B	$5.7B	$5.7B
Long-term operating lease liabilities	$2.5B	$2.5B	$2.4B	$2.5B
Other long-term liabilities	$2.7B	$2.6B	$2.6B	$2.6B
TOTAL LIABILITIES	$52.9B	$51.6B	$52.5B	$48.4B
Preferred stock $0.005 par value; 100,000,000 shares authorized; no shares issued and outstanding	0	0	0	0
Common stock $0.005 par value; 900,000,000 shares authorized; 443,514,000 and 443,237,000 shares issued and outstanding	2.0M	2.0M	2.0M	2.0M
Additional paid-in capital	$8.7B	$8.6B	$8.4B	$8.1B
Accumulated other comprehensive loss	($1.7B)	($1.6B)	($2.0B)	($1.9B)
Retained earnings	$26.5B	$25.1B	$23.9B	$20.9B
TOTAL EQUITY	$33.5B	$32.1B	$30.3B	$27.1B
TOTAL LIABILITIES AND EQUITY	$86.4B	$83.6B	$82.8B	$75.5B

Cash flow statement

Costco Wholesale Corp cash flow statement, fiscal years

Line item	Aug 30, 2026 · FY	Aug 31, 2025 · FY	Sep 1, 2024 · FY	Sep 3, 2023 · FY
NET INCOME	$9.2B	$8.1B	—	—
Depreciation and amortization	$2.7B	$2.4B	$2.2B	$2.1B
Non-cash lease expense	$318.0M	$303.0M	$315.0M	$412.0M
Stock-based compensation	$924.0M	$860.0M	$818.0M	$774.0M
Deferred income taxes	$306.0M	—	—	—
Other Noncash Income (Expense)	$49.0M	—	—	—
Merchandise inventories	($1.2B)	$559.0M	($2.1B)	$1.2B
Accounts payable	($2.8B)	$404.0M	$1.9B	($382.0M)
Other operating assets and liabilities, net	$718.0M	$801.0M	$741.0M	$172.0M
Net cash provided by operating activities	$15.8B	$13.3B	$11.3B	$11.1B
Additions to property and equipment	($6.4B)	($5.5B)	($4.7B)	($4.3B)
Purchases of short-term investments	($788.0M)	($1.0B)	($1.5B)	($1.6B)
Maturities of short-term investments	$811.0M	$1.1B	$1.8B	$937.0M
Other investing activities, net	$34.0M	$74.0M	($19.0M)	$36.0M
Net cash used in investing activities	($6.4B)	($5.3B)	($4.4B)	($5.0B)
Repayments of short-term borrowings	($577.0M)	($862.0M)	($920.0M)	($935.0M)
Proceeds from short-term borrowings	$553.0M	$816.0M	$928.0M	$917.0M
Repayments of long-term debt	($69.0M)	($103.0M)	($1.1B)	($75.0M)
Proceeds from issuance of long-term debt	$496.0M	$0	$498.0M	—
Tax withholdings on stock-based awards	($361.0M)	($393.0M)	($315.0M)	($303.0M)
Repurchases of common stock	($848.0M)	($903.0M)	($700.0M)	($676.0M)
Cash dividend payments	($2.5B)	($2.2B)	($9.0B)	($1.3B)
Financing lease payments and other financing activities, net	($91.0M)	($147.0M)	($137.0M)	—
Net cash used in financing activities	($3.4B)	($3.8B)	($10.8B)	($2.6B)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	($38.0M)	$6.0M	$40.0M	$15.0M
Net change in cash and cash equivalents	$6.0B	$4.3B	($3.8B)	$3.5B
CASH AND CASH EQUIVALENTS BEGINNING OF YEAR	$14.2B	$9.9B	$13.7B	$10.2B
CASH AND CASH EQUIVALENTS END OF YEAR	$20.2B	$14.2B	$9.9B	$13.7B
Interest	$103.0M	$106.0M	$129.0M	$125.0M
Income taxes paid, net	$2.8B	$2.9B	$2.3B	$2.2B
Capital expenditures included in liabilities	$220.0M	$193.0M	$203.0M	$170.0M

Costco Wholesale Corp cash flow statement, quarters

Line item	May 10, 2026 · YTD	Feb 15, 2026	Nov 23, 2025 · Q1	May 11, 2025 · YTD
NET INCOME	$6.2B	$4.0B	$2.0B	$5.5B
Depreciation and amortization	$1.8B	$1.2B	$597.0M	$1.7B
Non-cash lease expense	$221.0M	$149.0M	$75.0M	$208.0M
Stock-based compensation	$771.0M	$652.0M	$486.0M	$720.0M
Other non-cash operating activities, net	$36.0M	$66.0M	($5.0M)	($15.0M)
Merchandise inventories	($1.2B)	($783.0M)	($3.2B)	($25.0M)
Accounts payable	$2.5B	$731.0M	$3.8B	$604.0M
Other operating assets and liabilities, net	$828.0M	$1.6B	$873.0M	$835.0M
Net cash provided by operating activities	$11.1B	$7.7B	$4.7B	$9.5B
Additions to property and equipment	($4.2B)	($2.8B)	($1.5B)	($3.5B)
Purchases of short-term investments	($480.0M)	($250.0M)	($195.0M)	($573.0M)
Maturities of short-term investments	$544.0M	$510.0M	$340.0M	$786.0M
Other investing activities, net	$4.0M	($13.0M)	($17.0M)	($24.0M)
Net cash used in investing activities	($4.2B)	($2.6B)	($1.4B)	($3.3B)
Repayments of short-term borrowings	($390.0M)	($65.0M)	$0	($635.0M)
Proceeds from short-term borrowings	$459.0M	$136.0M	$0	$616.0M
Repayments of long-term debt	($69.0M)	—	—	—
Tax withholdings on stock-based awards	($361.0M)	($358.0M)	($357.0M)	($392.0M)
Repurchases of common stock	($603.0M)	($419.0M)	($210.0M)	($623.0M)
Cash dividend payments	($1.2B)	($1.2B)	($577.0M)	($1.0B)
Financing lease payments and other financing activities, net	($57.0M)	($37.0M)	($23.0M)	($118.0M)
Net cash used in financing activities	($2.2B)	($1.9B)	($1.2B)	($2.2B)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	($13.0M)	$3.0M	($67.0M)	($13.0M)
Net change in cash and cash equivalents	$4.8B	$3.2B	$2.1B	$3.9B
CASH AND CASH EQUIVALENTS BEGINNING OF YEAR	$14.2B	$14.2B	$14.2B	$9.9B
CASH AND CASH EQUIVALENTS END OF PERIOD	$18.9B	$17.4B	$16.2B	$13.8B
Interest	$78.0M	$51.0M	$43.0M	$81.0M
Income taxes, net	$1.7B	$1.0B	$239.0M	$1.6B
Cash dividend declared, but not yet paid	$652.0M	$0	—	$577.0M
Financing lease assets obtained in exchange for new or modified leases	$116.0M	$58.0M	$18.0M	$93.0M
Operating lease assets obtained in exchange for new or modified leases	$202.0M	$134.0M	$93.0M	$237.0M
Capital expenditures included in liabilities	$218.0M	$235.0M	$258.0M	$115.0M

Costco Wholesale Corp score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.