Q2 25 EPS
$4.02
Q2 25 Revenue
$63.72B
vs S&P Since Q2 25
-24.8%
TRAILING MARKET
COST +0.3% vs S&P +25.1%
Market Reaction
Did COST Beat Earnings? Q2 2025 Results
Costco Wholesale delivered solid but slightly disappointing fiscal second-quarter results for the twelve weeks ended February 16, 2025, posting earnings of $4.02 per diluted share against Wall Street's estimate of $4.11, sending shares lower after th… Read more Costco Wholesale delivered solid but slightly disappointing fiscal second-quarter results for the twelve weeks ended February 16, 2025, posting earnings of $4.02 per diluted share against Wall Street's estimate of $4.11, sending shares lower after the report. Total revenue reached $63.72 billion as net sales climbed 9.1% to $62.53 billion, with the quarter's headline growth partially obscured by a $0.21 per diluted share tax benefit embedded in the year-ago period, strip that out, and both net income and EPS grew 8.4%. The clearest engine behind the results was e-commerce, where comparable sales surged 20.9%, fueled by strong demand in gold and jewelry, home furnishings, and small electrics. Membership metrics held firm, with paid memberships rising 6.8% to 78.4 million and the U.S.-Canada renewal rate steady at 93.0%. Looking ahead, Costco plans to open roughly 18 additional warehouses before fiscal year-end, targeting approximately 915 locations globally, even as management cautioned that tariff uncertainty and inflation could temper consumer spending in coming quarters.
Key Takeaways
- • 9.1% adjusted comparable sales growth excluding gas and FX impacts
- • 5.7% comparable traffic growth across all segments
- • E-commerce comparable sales growth of 20.9% (22.2% adjusted for FX)
- • Strong membership metrics with 90.5% worldwide renewal rate
- • Gross margin improvement of 5 basis points to 10.85%
- • SG&A expense improvement of 8 basis points to 9.06%
- • Executive membership penetration at 73.8% of sales
- • Membership fee income growth of 7.4% (9.4% ex-FX)
COST YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
COST Revenue by Segment
With YoY comparisons, source: SEC Filings
COST Earnings Trends
COST vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
COST EPS Trend
Earnings per share: estimate vs actual
COST Revenue Trend
Quarterly revenue: estimate vs actual
COST Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 | — | $4.58 | — | $69.60B | — |
| Q1 26 BEAT | $4.28 | $4.50 | +5.19% | $67.31B | +0.29% |
| Q4 25 BEAT FY | $5.82 | $5.87 | +0.86% | $86.16B | — |
| FY Full Year | $18.14 | $18.21 | +0.37% | $275.24B | +0.09% |
| Q3 25 BEAT | $4.11 | $4.28 | +4.20% | $63.21B | +0.20% |
| Q2 25 | — | $4.02 | — | $63.72B | — |