Costco Reports $303 Billion in Fiscal 2026 Revenue as Net Income Grows 13.9 Percent

Net Income YoY

+13.9%

Key highlights

• Annual revenue increased to $303,154 million in fiscal 2026 from $275,235 million in fiscal 2025
• Net income rose 13.9% year-over-year to reach $9,226 million
• Diluted earnings per share improved to $20.76 compared to $18.21 in the prior year
• Paid membership base reached 84.1 million members by the end of the period
• Executive members now account for 75.2% of total worldwide net sales

How the Period Went

Costco Wholesale Corp reported significant top-line expansion in fiscal 2026, with total revenue reaching $303,154 million, up from $275,235 million in the previous fiscal year. This growth trickled down to the bottom line, where net income rose 13.9% to $9,226 million. Diluted earnings per share followed a similar trajectory, climbing to $20.76 from $18.21 in fiscal 2025. The results were supported by steady sales throughout the year, including a fourth-quarter net sales figure of $93.87 billion reported by Stock Titan, which capped off a year of consistent global demand for the company’s membership-based value proposition.

Margins and Profitability

• Executive members remain the primary profit engine, contributing 75.2% of worldwide net sales.
• The company maintains low gross margins by leveraging high-volume purchasing and efficient distribution networks.
• High inventory turnover remains a core operational metric to offset lean product pricing.
• Management has guided for approximately $7,500 million in capital expenditures for fiscal 2027, according to Seeking Alpha.
• Membership fees continue to provide a high-margin recurring revenue stream that supports overall operating income.

Business Overview

Costco operates a global chain of membership warehouses, ending fiscal 2026 with 939 locations. The company serves a loyal base of 84.1 million paid members who benefit from high-quality merchandise at prices lower than traditional retail channels. By focusing on a limited selection of high-turnover products across various categories—including groceries, electronics, and pharmacy—Costco minimizes overhead and maximizes buying power. This model is further reinforced by ancillary services like fuel and travel, which drive warehouse traffic and enhance the value of the annual membership fee in both domestic and international markets.

Financial Context and Industry Landscape

With a market capitalization of $414.95 billion, Costco occupies a dominant position in the Consumer Defensive sector. The stock currently trades at a P/E ratio of 45.07, reflecting its premium standing among discount stores. Market technicals show a Relative Strength Index of 58.3, suggesting a balanced trading environment. Within the broader retail landscape, Costco's focus on bulk value and membership loyalty has allowed it to navigate inflationary pressures effectively. Upcoming data points include the September 2026 retail sales release on October 7, which will offer the first look at the company's momentum heading into the new fiscal year.

Up 2.0% since our story on 7 Oct: $935.68 when we broke it → $954.63 at the close on 13 Oct. Daily closing prices. Source: Yahoo Finance.

Show the prices

14 Sep	$918.91
15 Sep	$901.35
16 Sep	$893.74
17 Sep	$893.93
18 Sep	$895.31
21 Sep	$898.48
22 Sep	$899.41
23 Sep	$904.70
24 Sep	$896.48
25 Sep	$922.77
28 Sep	$922.92
29 Sep	$924.59
30 Sep	$910.34
1 Oct	$914.94
2 Oct	$920.65
5 Oct	$923.52
6 Oct	$935.68
7 Oct	$942.25
8 Oct	$947.92
9 Oct	$946.92
12 Oct	$959.44
13 Oct	$954.63

COSTCO WHOLESALE CORP /NEW · financial snapshot

Share price	$935.68
Market cap	$415.0B
Revenue (annual)	$275.2B
P/E (TTM)	45.1×
1-month price change	+1.11%
Sector	Consumer DefensiveDiscount Stores

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.