Summary
Costco Wholesale Corporation (COST) has reported strong performance for the fiscal year ending August 31, 2025, with net sales increasing by 8% to $269.9 billion. This growth was driven by a 6% increase in comparable sales, reflecting higher shopping frequency and a modest increase in average ticket size. Membership fee revenue also saw a significant 10% jump, boosted by new member acquisitions and fee increases, underscoring the continued loyalty and value proposition for Costco members. The company expanded its physical footprint by opening 24 net new warehouses, contributing to overall sales growth. Despite inflationary pressures impacting merchandise costs, Costco managed to improve its gross margin percentage by 20 basis points, partly due to strong performance in fresh foods and its co-branded credit card program. Net income rose by 10% to $8.1 billion, translating to $18.21 per diluted share. The company also demonstrated a commitment to shareholders through a 12% increase in its quarterly cash dividend.
Financial Highlights
50 data points| Revenue | $275.24B |
| Cost of Revenue | $239.89B |
| Gross Profit | $35.35B |
| SG&A Expenses | $24.97B |
| Operating Income | $10.38B |
| Interest Expense | $154.00M |
| Net Income | $8.10B |
| EPS (Basic) | $18.24 |
| EPS (Diluted) | $18.21 |
| Shares Outstanding (Basic) | 443.99M |
| Shares Outstanding (Diluted) | 444.80M |
Key Highlights
- 1Net sales increased by 8% year-over-year to $269.9 billion, driven by comparable sales growth of 6% and new warehouse openings.
- 2Membership fee revenue grew by 10%, indicating strong member retention and the success of recent membership fee adjustments.
- 3The company opened 24 net new warehouses, expanding its global reach and contributing to revenue growth.
- 4Gross margin percentage improved by 20 basis points to 11.12%, benefiting from strong performance in core merchandise categories and ancillary services.
- 5Net income saw a robust 10% increase, reaching $8.1 billion, with diluted earnings per share of $18.21.
- 6Costco declared a 12% increase in its quarterly cash dividend, signaling confidence in its financial health and commitment to returning capital to shareholders.