COST Q3 2025

Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025

Earnings

Costco Wholesale turned in a convincing fiscal third quarter, posting diluted EPS of $4.28, a 4.20% beat against the $4.11 consensus, while revenue of $63.20 billion edged past estimates by 0.20%, as the warehouse giant demonstrated that its membersh… Read more Costco Wholesale turned in a convincing fiscal third quarter, posting diluted EPS of $4.28, a 4.20% beat against the $4.11 consensus, while revenue of $63.20 billion edged past estimates by 0.20%, as the warehouse giant demonstrated that its membership model and scale continue to insulate it from a choppy consumer environment. Net income climbed 13.2% year-over-year to $1.90 billion, with the headline numbers underpinned by comparable traffic growth of 5.2% across all geographies and a 14.8% surge in e-commerce comparable sales, underscoring that members are shopping more often and across more channels. Gross margin expanded 41 basis points to 11.25%, reflecting disciplined merchandising even as LIFO charges and a new employee agreement introduced some cost pressure. Membership income grew 10.4%, with worldwide renewal rates holding at 90.2%, reinforcing the loyalty flywheel that drives Costco's earnings predictability. With shares testing record highs, the quarter arrives as Costco actively works to offset tariff headwinds through supplier negotiations and local sourcing rather than passing costs to members.