COST Q2 2026 Earnings Report — Costco Wholesale Corporation Revenue & Financial Results | Market Cap Arena

Costco Wholesale CorporationCOST

Q2 2026 Earnings

Reported March 11, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2026	Q1 2026	Q2 2025	QoQ Change	YoY Change
Revenue	$69.6B	$67.3B	$63.7B	3.4%	9.2%
Op. Income	$2.6B	$2.5B	$2.3B	5.8%	12.5%
Gross Margin	12.8%	13.1%	12.5%	-0.3pp	0.2pp
Net Margin	2.9%	3.0%	2.8%	-0.0pp	0.1pp
EPS (Diluted)	$4.58	$4.50	$4.02	1.8%	13.9%
Free Cash Flow	$1.7B	$3.2B	$1.6B	-46.0%	6.0%

Revenue Flow

Item	Amount
REVENUE	$69.6B
Cost of Revenue	$60.7B
GROSS PROFIT	$8.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$6.3B
Other Expenses	$0
Operating Expenses	$6.3B
Cost & Expenses	$67.0B
OPERATING INCOME	$2.6B
Interest Income	$148M
Interest Expense	$33M
Other Income/Expenses	$115M
INCOME BEFORE TAX	$2.7B
Income Tax Expense	$686M
Net Income from Continuing Ops	$2.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.0B
D&A	$597M
EBIT	$2.8B
EBITDA	$3.4B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$69.6B
Cost of Revenue	$60.7B
GROSS PROFIT	$8.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$6.3B
Other Expenses	$0
Operating Expenses	$6.3B
Cost & Expenses	$67.0B
OPERATING INCOME	$2.6B
Interest Income	$148M
Interest Expense	$33M
Other Income/Expenses	$115M
INCOME BEFORE TAX	$2.7B
Income Tax Expense	$686M
Net Income from Continuing Ops	$2.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.0B
D&A	$597M
EBIT	$2.8B
EBITDA	$3.4B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$2.0B
Depreciation & Amortization	$597M
Stock-Based Compensation	$166M
Deferred Income Tax	$0
Other Non-Cash Items	$1.7B
Change in Working Capital	-$1.5B
OPERATING CASH FLOW	$3.0B
Capital Expenditure	-$1.3B
Acquisitions (Net)	$0
Purchases of Investments	-$55M
Sales/Maturities of Investments	$170M
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	$0
Common Stock Repurchased	-$209M
Common Dividends Paid	-$577M
Other Financing Activities	$56M
NET CASH FROM FINANCING	-$730M
FREE CASH FLOW	$1.7B
Net Change in Cash	$1.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$17.4B
Short-Term Investments	$857M
Net Receivables	$3.8B
Inventory	$19.0B
Other Current Assets	$2.1B
TOTAL CURRENT ASSETS	$43.1B
PP&E (Net)	$36.4B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$4.1B
TOTAL NON-CURRENT ASSETS	$40.5B
TOTAL ASSETS	$83.6B
Account Payables	$20.6B
Short-Term Debt	$72M
Deferred Revenue	$3.1B
Other Current Liabilities	$11.3B
TOTAL CURRENT LIABILITIES	$40.8B
Long-Term Debt	$5.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2.6B
TOTAL NON-CURRENT LIABILITIES	$10.8B
TOTAL LIABILITIES	$51.6B
Common Stock	$2M
Additional Paid-In Capital	$8.6B
Retained Earnings	$25.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$1.6B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$32.1B
Minority Interest	$0
TOTAL EQUITY	$32.1B
TOTAL LIABILITIES & EQUITY	$83.6B
Total Debt	$8.2B
Net Debt	-$9.1B