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Costco Wholesale COST Membership fees — Total Revenue

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Other financials

Income statement

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Revenue$70.5B+11.6%
Gross profit$9.0B+9.7%
Operating income$2.8B+11.3%
Net income$2.2B+15.2%
EPS (diluted)$4.93+15.2%

Balance sheet

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Cash & equivalents$18.9B+36.9%
Total debt$8.1B-2.7%
Total equity$33.5B+23.5%
Total assets$86.4B+14.5%

Cash flow

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Operating cash flow$11.1B+17.6%
CapEx$4.2B+19.7%
Free cash flow$6.9B+16.3%

Valuation

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Market cap$420.35B-2.7%
Enterprise value$409.54B-4.0%
P/E47.6×-7.5×
P/S1.4×-0.2×

Profitability

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Gross margin12.9%+0.1pp
Operating margin3.8%+0.1pp
Net margin3%+0.1pp
FCF margin3.8%

Returns & leverage

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Return on equity29.2%-2.9pp
Debt / equity0.2×-0.1×
Current ratio1.1×+0.1×

Where this comes from

Reported directly by Costco Wholesale in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Costco Wholesale’s 10-Q, filed June 3, 2026.

Filed
Jun 3, 2026, 4:43 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0000909832-26-000051
May 10,2026May 11,2025May 10,2026May 11,2025
REVENUE
Net sales$$69,154$$61,965$$203,374$$185,480
Membership fees1,3731,2404,0573,599
Total revenue70,52763,205207,431189,079
OPERATING EXPENSES
Merchandise costs61,51954,996180,748164,849
Selling, general and administrative6,1935,67918,79917,188

Item 1—Financial Statements

FAQ

What is Costco Wholesale's membership fees — total revenue?
Costco Wholesale (COST) reported membership fees — total revenue of $4.06B in Q1 2026.
How has Costco Wholesale's membership fees — total revenue changed year-over-year?
Costco Wholesale's membership fees — total revenue increased by 12.7% year-over-year, from $3.6B to $4.06B.
What does membership fees — total revenue mean?
This metric represents the total revenue generated from annual membership fees paid by customers to access the retailer's warehouse clubs. Because the company operates on a low-margin retail model, these recurring fees serve as a primary driver of operating profitability and provide a stable, predictable cash flow stream. This revenue stream is distinct from merchandise sales and reflects the strength of the company's value proposition and customer loyalty.

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