Q2 26 EPS
$4.58
Q2 26 Revenue
$69.60B
vs S&P Since Q2 26
-4.0%
TRAILING MARKET
COST +3.2% vs S&P +7.2%
Market Reaction
Did COST Beat Earnings? Q2 2026 Results
Costco Wholesale delivered a clean beat on both lines in its fiscal second quarter of 2026, with results that reinforced why investors had been watching the quarter closely. The warehouse retailer posted earnings of $4.58 per diluted share, edging pa… Read more Costco Wholesale delivered a clean beat on both lines in its fiscal second quarter of 2026, with results that reinforced why investors had been watching the quarter closely. The warehouse retailer posted earnings of $4.58 per diluted share, edging past the $4.54 consensus estimate by 0.78%, while total revenue climbed 9.2% year over year to $69.60 billion, modestly ahead of the $69.32 billion Wall Street had expected. Net income rose 13.8% to $2.04 billion as the company benefited from multiple tailwinds converging in the quarter. Membership fee income was a standout driver, jumping 13.6% to $1.35 billion as paid memberships reached 82.1 million and the worldwide renewal rate held firm at 89.7%, metrics that underscore the durability of Costco's subscription-driven model. Comparable sales grew 7.4%, with digitally-enabled commerce surging 22.6%, while traffic rose 3.1% globally, reflecting sustained consumer demand across both physical and digital channels.
Key Takeaways
- • Comparable sales growth of 7.4% (6.7% adjusted for gas and FX)
- • Comparable traffic growth of 3.1% across all regions
- • Digitally-enabled comparable sales surged 22.6%
- • Membership fee income grew 13.6% year-over-year
- • Gross margin expanded 17 basis points to 11.02%
- • SG&A improved 13 basis points to 9.19%
- • Other International comp sales led at 13.0% reported growth
- • Executive membership penetration reached 75.8% of sales
- • Total app visits grew 63%, e-commerce site traffic grew 32%
COST YoY Financials
Q2 2026 vs Q2 2025, 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 | — |