COST
Costco Q3 FY26 earnings
Revenue $70.5B, up 12% from a year ago. Net income $2.2B.
Costco grew revenue 12% to $70.5B in its May quarter. Ancillary and other businesses grew 29% to 22% of revenue; net income was $2.2B, up 15%.
Membership fees: $5.3B in FY25, up from $3.4B in FY19.
Costco collected $5.3B of membership fees in FY25, up from $3.4B in FY19. The line sits on the income statement beside net sales; FY23 was a 53-week year.
Where the revenue came from
| Segment | Amount | % of revenue% | Y/Y |
|---|---|---|---|
| Foods and Sundries | $26.5B | 37.6% | +6% |
| Non-Foods | $17.5B | 24.9% | +9% |
| Ancillary and Other Businesses | $15.4B | 21.9% | +29% |
| Fresh Foods | $9.7B | 13.7% | +10% |
| Membership fees | $1.4B | 1.9% | +11% |
The quarter, line by line
| Line | Amount | % of revenue% | Y/Y |
|---|---|---|---|
| Revenue | $70.5B | +12% | |
| Cost of revenue | $61.5B | 87.2% | +12% |
| Gross profit † | $9.0B | 12.8% | +10% |
| Operating expenses † | $6.2B | 8.8% | +9% |
| Operating income | $2.8B | 4.0% | +11% |
| Pretax income | $2.9B | 4.2% | |
| Income tax | $746M | 1.1% | +10% |
| Net income | $2.2B | 3.1% | +15% |
† The filing doesn't print this line. We calculated it from the filed figures; it adds up to the dollar.
The last 8 quarters
| Quarter ended | Revenue | Net income | Net margin |
|---|---|---|---|
| May 10, 2026 | $70.5B | $2.2B | 3.1% |
| Feb 15, 2026 | $69.6B | $2.0B | 2.9% |
| Nov 23, 2025 | $67.3B | $2.0B | 3.0% |
| Aug 31, 2025 | $86.2B | $2.6B | 3.0% |
| May 11, 2025 | $63.2B | $1.9B | 3.0% |
| Feb 16, 2025 | $63.7B | $1.8B | 2.8% |
| Nov 24, 2024 | $62.2B | $1.8B | 2.9% |
| Sep 1, 2024 | $79.7B | $2.4B | 3.0% |