Costco Wholesale Corporation

COST

Costco Wholesale Corporation

Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Costco Wholesale Corporation.

R40: 14 · Q4 FY2026 $404.66B
$910.34
About

Costco Wholesale Corporation operates membership warehouses that offer branded and private-label merchandise in bulk at low prices. Product categories include groceries, sundries, hardlines, softlines, fresh foods, and ancillary businesses such as pharmacies, optical, food courts, gas stations, and travel. Members pay annual fees that are a material source of profit. The company operates warehouses in the United States and internationally.

History ↓ Leadership ↓

News

Coverage

See all news → COST feed

Open COST Rule of 40 details
Median 11.7 Above 40 0–40 Below 0
11
Q1
12
Q2
12
Q3
10
FY2025 Q4
13
Q1
12
Q2
14
Q3
14
FY2026 Q4 40 0 Mix
ANALYST RATINGS
Buy $1077
Consensus as of Aug 19, 2026
COST
Roth MKM Sell $781
Reiterated
2026-08-06
Evercore ISI Outperform $1,100
Reiterated
2026-08-06
Bernstein Outperform $1,194
Reiterated
2026-08-06
Goldman Sachs Buy $1,159
Reiterated
2026-08-06
Deutsche Bank Buy $1,106
Reiterated
2026-08-06

See all 7 ratings →

Forward model

Where the revenue goes next

COST FORWARD MODEL $965.62 +6%
Revenue

Latest: $95.72B (Q4 FY2026)

Period Value
Q1 FY2021 $43.21B
Q2 FY2021 $44.77B
Q3 FY2021 $45.28B
Q4 FY2021 $62.67B
Q1 FY2022 $50.36B
Q2 FY2022 $51.90B
Q3 FY2022 $52.60B
Q4 FY2022 $72.09B
Q1 FY2023 $54.44B
Q2 FY2023 $55.27B
Q3 FY2023 $53.65B
Q4 FY2023 $78.94B
Q1 FY2024 $57.80B
Q2 FY2024 $58.44B
Q3 FY2024 $58.52B
Q4 FY2024 $79.70B
Q1 FY2025 $62.15B
Q2 FY2025 $63.72B
Q3 FY2025 $63.20B
Q4 FY2025 $86.16B
Q1 FY2026 $67.31B
Q2 FY2026 $69.60B
Q3 FY2026 $70.53B
Q4 FY2026 $95.72B
EPS

Latest: $6.75 (Q4 FY2026)

Period Value
Q1 FY2021 $2.62
Q2 FY2021 $2.14
Q3 FY2021 $2.75
Q4 FY2021 $3.76
Q1 FY2022 $2.98
Q2 FY2022 $2.92
Q3 FY2022 $3.04
Q4 FY2022 $4.20
Q1 FY2023 $3.07
Q2 FY2023 $3.30
Q3 FY2023 $2.93
Q4 FY2023 $4.86
Q1 FY2024 $3.58
Q2 FY2024 $3.92
Q3 FY2024 $3.78
Q4 FY2024 $5.28
Q1 FY2025 $4.04
Q2 FY2025 $4.02
Q3 FY2025 $4.28
Q4 FY2025 $5.87
Q1 FY2026 $4.50
Q2 FY2026 $4.58
Q3 FY2026 $4.93
Q4 FY2026 $6.75
P/E Ratio

Latest: 45.5 (Q4 FY2026)

Period Value
Q1 FY2021 37.0
Q2 FY2021 32.0
Q3 FY2021 33.7
Q4 FY2021 38.4
Q1 FY2022 44.2
Q2 FY2022 39.9
Q3 FY2022 35.1
Q4 FY2022 38.0
Q1 FY2023 39.1
Q2 FY2023 34.2
Q3 FY2023 36.5
Q4 FY2023 37.4
Q1 FY2024 39.0
Q2 FY2024 48.1
Q3 FY2024 49.7
Q4 FY2024 53.4
Q1 FY2025 56.7
Q2 FY2025 60.9
Q3 FY2025 58.8
Q4 FY2025 51.7
Q1 FY2026 48.9
Q2 FY2026 53.0
Q3 FY2026 50.7
Q4 FY2026 45.5
Free Cash Flow

Latest: $2.48B (Q4 FY2026)

Period Value
Q1 FY2021 $1.75B
Q2 FY2021 −$535M
Q3 FY2021 $2.31B
Q4 FY2021 $1.85B
Q1 FY2022 $2.20B
Q2 FY2022 −$322M
Q3 FY2022 $373M
Q4 FY2022 $1.25B
Q1 FY2023 $1.55B
Q2 FY2023 $2.30B
Q3 FY2023 $721M
Q4 FY2023 $2.17B
Q1 FY2024 $3.61B
Q2 FY2024 −$300M
Q3 FY2024 $1.94B
Q4 FY2024 $1.38B
Q1 FY2025 $2.00B
Q2 FY2025 $1.61B
Q3 FY2025 $2.33B
Q4 FY2025 $1.90B
Q1 FY2026 $3.16B
Q2 FY2026 $1.71B
Q3 FY2026 $2.04B
Q4 FY2026 $2.48B
Shares

Latest: 444M (Q4 FY2026)

Period Value
Q1 FY2021 444M
Q2 FY2021 444M
Q3 FY2021 444M
Q4 FY2021 442M
Q1 FY2022 445M
Q2 FY2022 445M
Q3 FY2022 445M
Q4 FY2022 443M
Q1 FY2023 445M
Q2 FY2023 444M
Q3 FY2023 444M
Q4 FY2023 443M
Q1 FY2024 444M
Q2 FY2024 445M
Q3 FY2024 445M
Q4 FY2024 443M
Q1 FY2025 445M
Q2 FY2025 445M
Q3 FY2025 445M
Q4 FY2025 445M
Q1 FY2026 445M
Q2 FY2026 444M
Q3 FY2026 444M
Q4 FY2026 444M
Cumulative FCF

Latest: $58.45B (Q4 FY2026)

Period Value
Q1 FY2021 $20.73B
Q2 FY2021 $20.19B
Q3 FY2021 $22.50B
Q4 FY2021 $24.34B
Q1 FY2022 $26.55B
Q2 FY2022 $26.22B
Q3 FY2022 $26.60B
Q4 FY2022 $27.84B
Q1 FY2023 $29.40B
Q2 FY2023 $31.70B
Q3 FY2023 $32.42B
Q4 FY2023 $34.59B
Q1 FY2024 $38.20B
Q2 FY2024 $37.90B
Q3 FY2024 $39.84B
Q4 FY2024 $41.22B
Q1 FY2025 $43.21B
Q2 FY2025 $44.83B
Q3 FY2025 $47.15B
Q4 FY2025 $49.05B
Q1 FY2026 $52.22B
Q2 FY2026 $53.92B
Q3 FY2026 $55.96B
Q4 FY2026 $58.45B
Earnings coverage

Latest earnings

See all COST earnings → Investor relations →

Background

Company History

Exchange
NASDAQ
IPO Date
Dec 5, 1985
IPO Price
$10.00
as issued; not split-adjusted, so not comparable to the current price
Shares Outstanding
444.5M
1983
Founding of Costco

Founded on September 15, 1983, in Seattle by James Sinegal and Jeffrey Brotman, opening first warehouse selling to small businesses at 8-9% markup over wholesale.

1993
PriceClub Merger

Merged with Price Club to form PriceCostco, combining 206 locations and $16 billion in sales, with universal memberships.

1997
Reversion to Costco Name

Merged company reverted to Costco name and stock symbol, rebranding all Price Club locations.

2005
First Warehouse Replacement

Replaced original Seattle warehouse with new building; demolished old for parking lot, gas station, and car wash (opened 2006).

2019
First Store in China

Opened first warehouse in Shanghai on August 27, 2019; closed early due to overwhelming demand.

2020
Acquisition of Innovel

Acquired logistics company Innovel for $1 billion.

2024
Membership Fee Increase

Raised fees (Gold Star/Business $60 to $65, Executive $120 to $130); implemented barcode scanners and restricted food court to members.

2025
Lawsuit Against Federal Government

Filed lawsuit seeking refund of tariffs imposed by Trump Administration, challenging use under International Emergency Economic Powers Act.

Leadership

Key Players

showing 6 of 17

Ron Vachris
President and Chief Executive Officer
CEO since January 2024, succeeding Craig Jelinek. Previously served as President and COO from February 2022. Started at Costco as a forklift driver in 1982 and rose through warehouse operations, merchandising, and regional management roles.

The CEO view — 1 appearance →

Gary Millerchip
Executive Vice President and Chief Financial Officer
CFO since March 2024, succeeding longtime CFO Richard Galanti. Previously served as CFO of The Kroger Co. Brings extensive retail financial leadership and capital allocation experience.
Russ Miller
Senior Executive Vice President, COO — Warehouse Operations, U.S. and Mexico
Oversees Costco's core U.S. and Mexico warehouse operations. Also serves on Costco's Board of Directors since 2024. Longtime Costco executive with deep operational expertise across merchandising and regional management.
Pierre Riel
Executive Vice President, COO — International Division
Leads Costco's international operations spanning Canada, UK, Japan, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden.
Patrick J. Callans
Executive Vice President, Administration
Oversees administrative functions including human resources, legal, loss prevention, and information systems. Joined Costco executive leadership in 2019.
Joseph P. Portera
Executive Vice President, COO — Eastern and Canadian Divisions
Manages Costco's Eastern U.S. and Canadian warehouse operations. Long-tenured executive who has overseen significant expansion in these key markets.

See all 17 key players →

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By latest reported 13F position value. Market value at quarter-end, not cost basis.