Earnings quality
Compare earnings and operating cash flow for earnings quality.
Costco Wholesale Corporation
Ticker COST · 🇺🇸 United States · Consolidated US GAAP · amounts in dollars
Filed 2026-10-07 · Period end 2026-08-30
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 3.9%; equity ratio is 40.2%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin3.9%
Equity ratio40.2%
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
COSTCO WHOLESALE CORP /NEW is a US-listed company with consolidated financial statements filed on SEC EDGAR.
Compare trends
Tel 4253138100 · As of filing date 2026-10-07
Financial statements
Income statement
| Account | FY2025 (ended Aug 31, 2025) | FY2026 (ended Aug 30, 2026) |
|---|---|---|
| Revenue | $275.2B | $303.2B |
| Cost of sales* | — | — |
| Gross profit | — | — |
| Operating profit | $10.4B | $11.7B |
| Income tax | $2.7B | $3.0B |
| Net income | $8.1B | $9.2B |
| Basic EPS | 18.24 | 20.78 |
Balance sheet
| Account | FY2025 (ended Aug 31, 2025) | FY2026 (ended Aug 30, 2026) |
|---|---|---|
| Cash & equivalents | $14.2B | $20.2B |
| Current assets | $38.4B | $46.6B |
| Non-current assets* | $38.7B | $42.5B |
| Total assets | $77.1B | $89.0B |
| Current liabilities | $37.1B | $44.0B |
| Non-current liabilities* | $10.8B | $9.3B |
| Total liabilities | $47.9B | $53.2B |
| Stockholders’ equity | $29.2B | $35.8B |
Cash flow statement
| Account | FY2025 (ended Aug 31, 2025) | FY2026 (ended Aug 30, 2026) |
|---|---|---|
| Operating cash flow | $13.3B | $15.8B |
| Investing cash flow | -$5.3B | -$6.4B |
| Financing cash flow | -$3.8B | -$3.4B |
| Cash at end of period | $14.2B | $20.2B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | $227.0B | $242.3B | $254.5B | $275.2B | $303.2B | |
| Operating profit | $7.8B | $8.1B | $9.3B | $10.4B | $11.7B | |
| Net income | $5.8B | $6.3B | $7.4B | $8.1B | $9.2B | |
| Total assets | $64.2B | $69.0B | $69.8B | $77.1B | $89.0B | |
| Cash & equivalents | $10.2B | $13.7B | $9.9B | $14.2B | $20.2B | |
| Stockholders’ equity | $20.6B | $25.1B | $23.6B | $29.2B | $35.8B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from $275.2B to $303.2B (▲ +10.1%). Operating profit went from $10.4B to $11.7B (▲ +12.5%).
Operating cash flow was $15.8B (prior $13.3B), with cash on the balance sheet at $20.2B versus $14.2B.
Liquidity & leverage
Cash moved from $14.2B to $20.2B; current liabilities $44.0B.
Capital buffer
Stockholders’ equity moved from $29.2B to $35.8B.
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Source: SEC EDGAR 0000909832-26-000093
(COSTCO WHOLESALE CORP /NEW), period end 2026-08-30.