Costco Wholesale Corporation
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $303.15B | $275.24B | $254.45B | $242.29B | $226.95B | $195.93B | $166.76B | $152.70B |
| Net Sales | — | $269.91B | $249.63B | $237.71B | $222.73B | $192.05B | $163.22B | $149.35B |
| Membership Fees | — | $5.32B | $4.83B | $4.58B | $4.22B | $3.88B | $3.54B | $3.35B |
| Cost of Revenue | $264.28B | $239.89B | $222.36B | $212.59B | $199.38B | $170.68B | $144.94B | $132.89B |
| Gross Profit | $38.88B | $35.35B | $32.10B | $29.70B | $27.57B | $25.25B | $21.82B | $16.47B |
| Gross Margin | 12.8% | 12.8% | 12.6% | 12.3% | 12.1% | 12.9% | 13.1% | 10.8% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $27.19B | $24.97B | $22.81B | $21.59B | $19.78B | $18.54B | $16.39B | $14.99B |
| Operating Income | $11.69B | $10.38B | $9.29B | $8.11B | $7.79B | $6.71B | $5.44B | $4.74B |
| Operating Margin | 3.9% | 3.8% | 3.6% | 3.3% | 3.4% | 3.4% | 3.3% | 3.1% |
| Interest Expense | $145.0M | $154.0M | $169.0M | $160.0M | $158.0M | $171.0M | $160.0M | $150.0M |
| Pretax Income | $12.25B | $10.82B | $9.74B | $8.49B | $7.84B | $6.68B | $5.37B | $4.77B |
| Income Tax Expense | $3.03B | $2.72B | $2.37B | $2.20B | $1.93B | $1.60B | $1.31B | $1.06B |
| Net Income | $9.23B | $8.10B | $7.37B | $6.29B | $5.84B | $5.01B | $4.00B | $3.66B |
| Net Margin | 3.0% | 2.9% | 2.9% | 2.6% | 2.6% | 2.6% | 2.4% | 2.4% |
| EPS (Basic) | $20.78 | $18.24 | $16.59 | $14.18 | $13.17 | $11.30 | $9.05 | $8.32 |
| EPS (Diluted) | $20.76 | $18.21 | $16.56 | $14.16 | $13.14 | $11.27 | $9.02 | $8.26 |
| Shares Outstanding (Basic) | 444.0M | 444.0M | 443.9M | 443.9M | 443.7M | 443.1M | 442.3M | 439.8M |
| Shares Outstanding (Diluted) | 444.4M | 444.8M | 444.8M | 444.5M | 444.8M | 444.3M | 443.9M | 442.9M |
| Dividends Per Share | $5.54 | $4.92 | $19.36 | $3.84 | — | — | — | $2.44 |