Income StatementBalance SheetCash FlowSegments
Costco Wholesale logo

Costco Wholesale Cash Flow Statement

Operating, investing, and financing cash movements

Costco Wholesale generated $27.8B in operating cash flow over the trailing twelve months. After $10.3B in capital expenditures, free cash flow was $17.6B. Free cash flow increased 0.2% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$11.4BNet Cash From Investing (TTM)-$6.3BNet Cash From Financing-$1.9BCapital Expenditures$2.8BDepreciation And Amortization Cf$1.2BNet Change In Cash (TTM)$2.7B
Latest FilingQ1 2026
Report Date2026-03-11
Market Cap$456.18B
P/E Ratio53.36
ROE29.65%

Operating

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Other non-cash income (expense)$72.0M$79.0M$15.0M—$5.0M-$66.0M
Other non-cash income (expense)$72.0M$79.0M$15.0M—$5.0M-$66.0M
Change in accounts payable$2.6B-$458.0M$604.0M—$3.8B$731.0M
Change in inventories$2.5B$362.0M$25.0M-$3.5B$3.2B$783.0M
Other working capital changes-$391.0M-$1.5B-$835.0M—-$873.0M-$1.6B
Depreciation and amortization$548.0M$1.1B$1.7B—$597.0M$1.2B
Other Non-Cash Income (Expense)$72.0M$79.0M$15.0M—$5.0M-$66.0M
Other Non-cash Income (Expense)$72.0M$79.0M$15.0M—$5.0M-$66.0M
Other Non-cash Income (Expense)$72.0M$79.0M$15.0M—$5.0M-$66.0M
Net cash from operating activities$3.3B$6.0B$9.5B—$4.7B$7.7B
Net income$1.8B$1.8B$1.9B$2.6B$2.0B$2.0B
Other non-cash income (expense)$72.0M$79.0M$15.0M—$5.0M-$66.0M
Non-cash operating lease expense$72.0M$137.0M$208.0M—$75.0M$149.0M
Other Noncash Income (Expense)$72.0M$79.0M$15.0M—$5.0M-$66.0M
Other Non-cash Income and Expense$72.0M$79.0M$15.0M—$5.0M-$66.0M
Other Non-Cash Adjustments$72.0M$79.0M$15.0M—$5.0M-$66.0M
Other Non-Cash Income and Expense$72.0M$79.0M$15.0M—$5.0M-$66.0M
Stock-based compensation$463.0M$614.0M$720.0M—$486.0M$652.0M

Supplemental

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Capital expenditures incurred but not yet paid$204.0M$164.0M$115.0M—$258.0M$235.0M
ROU assets obtained - finance leases$111.0M$103.0M$93.0M—$18.0M$58.0M
ROU assets obtained - operating leases$15.0M$57.0M$237.0M—$93.0M$134.0M
Income taxes paid$401.0M$798.0M$1.6B$70.0M$239.0M$1.0B
Interest paid$44.0M$55.0M$81.0M—$43.0M$51.0M
ROU Asset Obtained for Finance Lease Liability$111.0M$103.0M$93.0M—$18.0M$58.0M
Capital expenditures incurred but not yet paid$204.0M$164.0M$115.0M—$258.0M$235.0M
Capital Expenditures Incurred but Not Yet Paid$204.0M$164.0M$115.0M—$258.0M$235.0M
ROU Asset Obtained for Lease Liability$15.0M$57.0M$237.0M—$93.0M$134.0M

Investing

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Capital expenditures$1.3B$2.4B$3.5B—$1.5B$2.8B
Payment for (Proceeds from) Other Investing Activity$15.0M$13.0M$24.0M-$126.0M$17.0M$13.0M
Payments to Acquire Short-Term Investments$247.0M$345.0M$573.0M—$195.0M$250.0M
Net cash from investing activities-$985.0M-$2.0B-$3.3B—-$1.4B-$2.6B
Other investing activities$15.0M$13.0M$24.0M-$126.0M$17.0M$13.0M
Purchases of investments$247.0M$345.0M$573.0M—$195.0M$250.0M

Financing

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Proceeds from issuance of debt$0.0$0.0$0.0$0.0$0.0$136.0M
Repayments of debt$194.0M$389.0M$635.0M—$0.0$65.0M
Dividends paid$515.0M$515.0M$1.0B$123.0M$577.0M$1.2B
Finance Lease, Principal Payments$21.0M$98.0M$118.0M—$23.0M$37.0M
Proceeds from issuance of commercial paper and other short-term borrowings$133.0M$370.0M$616.0M—$0.0$136.0M
Repayments of Short-Term Debt$194.0M$389.0M$635.0M—$0.0$65.0M
Proceeds from Issuance of Commercial Paper and Short-Term Borrowings$133.0M$370.0M$616.0M—$0.0$136.0M
Finance lease prepayments$21.0M$98.0M$118.0M—$23.0M$37.0M
Net cash from financing activities-$1.2B-$1.4B-$2.2B—-$1.2B-$1.9B
Payments for finance leases$21.0M$98.0M$118.0M—$23.0M$37.0M
Proceeds from Commercial Paper and Secured Lines of Credit$133.0M$370.0M$616.0M—$0.0$136.0M
Repurchases of common stock$207.0M$412.0M$623.0M—$210.0M$419.0M
Taxes paid for net share settlement$389.0M$390.0M$392.0M—$357.0M$358.0M

Free Cash Flow

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Free cash flow$2.0B$3.6B$5.9B—$3.2B$4.9B

Other

MetricQ1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Effect of exchange rate changes on cash-$81.0M-$117.0M-$13.0M$217.0M-$67.0M$3.0M
Net increase (decrease) in cash$1.0B$2.5B$3.9B—$2.1B$3.2B
Accrued payables for capital expenditures$204.0M$164.0M$115.0M—$258.0M$235.0M
Leased assets obtained in exchange for finance lease liabilities$111.0M$103.0M$93.0M—$18.0M$58.0M
Leased assets obtained in exchange for operating lease liabilities$15.0M$57.0M$237.0M—$93.0M$134.0M