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Costco Wholesale COST Q1 2026 earnings

Reported December 11, 2025 · After market close

Revenue$67.3BBeat by $163.8MDiluted EPS$4.34Beat by $0.07
Revenue estimate$67.1B
EPS estimate$4.27

Next report

Sep 24, 2026 (in 2 months)
Revenue estimate$94.4B
EPS estimate$6.49

Financials

Q1 2026

Income statement

See full
Revenue$67.3B+8.3%
Gross profit$8.8B+9.4%
Operating income$2.5B+12.2%
Net income$2.0B+11.3%
EPS (diluted)$4.50+11.4%

Balance sheet

See full
Cash & equivalents$16.2B+48.7%
Total debt$8.2B+0.5%
Total equity$30.3B+23.9%
Total assets$82.8B+12.8%

Cash flow

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Operating cash flow$4.7B+43.8%
CapEx$1.5B+20.7%
Free cash flow$3.2B+58.4%

Valuation & ratios

Valuation

as of 11/23/25
See full
Market cap$404.88B-6.0%
Enterprise value$396.84B-7.2%
P/E48.8×-8.1×
P/S1.4×-0.2×

Profitability

See full
Gross margin12.9%+0.2pp
Operating margin3.8%+0.1pp
Net margin3%0.0pp

Returns & leverage

See full
Return on equity30.3%+0.4pp
Debt / equity0.3×-0.1×
Current ratio1×+0.1×

Segments

By product

See full
Foods and Sundries$26.9B+7.5%
Non-Foods$17.4B+7.8%
Ancillary and Other Businesses$12.6B+9.1%
Fresh Foods$9.0B+9.7%

By segment

See full
United States$48.6B+7.7%
Other International$9.7B+11.6%
Canada$9.1B+8.0%

Versus estimates

Revenue

Q3 2026$70.5BBeat by $404.3MQ3 2026$70.5BBeat by $845.3MQ2 2026$69.6BBeat by $310.6M
Q1 2026$67.3BBeat by $163.8M
Q4 2025$86.2BBeat by $142.4MQ3 2025$63.2BBeat by $75.4M

Diluted EPS

Q3 2026$4.93Miss by $0.01Q3 2026$4.93Miss by $0.05Q2 2026$4.58Beat by $0.03
Q1 2026$4.34Beat by $0.07
Q4 2025$5.87Beat by $0.07Q3 2025$4.28Beat by $0.04

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Questions, answered.

When did Costco Wholesale report Q1 2026 earnings?
Costco Wholesale (COST) reported Q1 2026 earnings on December 11, 2025 after market close.
What were Costco Wholesale's Q1 2026 revenue and EPS?
Costco Wholesale reported revenue of $67.3B and diluted EPS of $4.34 for Q1 2026.
Did Costco Wholesale beat estimates in Q1 2026?
Revenue beat the consensus estimate of $67.1B by $163.8M. EPS beat the consensus estimate of $4.27 by $0.07.
How did Costco Wholesale's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 8.3% from $62.2B a year earlier and diluted EPS grew 13.6% from $3.82.
Where can I find Costco Wholesale's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000909832-25-000164) and the 10-Q periodic report (0000909832-25-000169) directly on SEC EDGAR. The filing index links above go to sec.gov.