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Costco reports higher revenues and net income in Q3

For the 12 weeks ended 10 May 2026, total revenue increased to $70.52bn from $63.20bn a year earlier.

Shivam Mishra May 29 2026

Costco Wholesale Corporation reported higher revenue, operating income and net income for the third quarter (Q3) and the first 36 weeks of fiscal 2026, supported by growth in net sales, membership fee income and digital sales.

For the 12 weeks ended 10 May 2026, total revenue increased to $70.52bn from $63.20bn a year earlier, according to the company’s Q3 results released on 28 May.

Net sales for the quarter rose 11.6% to $69.15bn, compared with $61.96bn in the same period last year, while membership fee income increased to $1.37bn from $1.24bn.

Operating income for the quarter rose to $2.81bn from $2.53bn a year earlier.

Net income for the quarter reached $2.19bn, or $4.93 per diluted share, up from $1.90bn, or $4.28 per diluted share, in the corresponding quarter of the previous year.

Comparable sales for Q3 increased 9.8% overall and 6.6% excluding the impact of changes in gasoline prices and foreign exchange.

By market, comparable sales rose 9.4% in the US, 10.7% in Canada and 11.2% in other international markets.

Digitally enabled comparable sales increased 21.5%. For the first 36 weeks of fiscal 2026, total revenue rose to $207.43bn from $189.08bn a year earlier.

Net sales for the period increased 9.6% to $203.37bn while membership fee revenue climbed to $4.05bn from $3.59bn.

Operating income for the first 36 weeks increased to $7.88bn from $7.04bn in the prior-year period.

Net income for the first 36 weeks totalled $6.22bn, or $14.01 per diluted share, up from $5.48bn, or $12.34 per diluted share, reported a year earlier.

Comparable sales for the 36-week period increased 7.9%, or 6.6% adjusted for gasoline prices and foreign exchange effects.

Digitally enabled comparable sales rose 21.6%.

The company currently operates 931 warehouses worldwide, including 639 in the US and Puerto Rico and 115 in Canada, as well as locations such as Japan, Korea and Taiwan.

Costco also operates e-commerce sites across Australia, North America, Asia and the UK.

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