Costco Wholesale Corporation

COST Consumer Defensive Discount Stores

Costco Wholesale Corporation’s revenue for fiscal 2026 (year ended August 2026) was $303.2 billion, up 10.1% from fiscal 2025. In the quarter to August 2026, revenue grew 11.1%, EPS grew 14.8%, free cash flow grew 30.7% and total debt rose 6.46%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years, operating cash flow growth for three.

1,003.66 14.55 −1.43%
Market cap
$451.2B
P/E
48.9×
Fwd P/E
43.4×
Dividend yield
0.69%
F-score
7/9
Altman Z
9.04
Beneish M
−2.66
Dividend safety
80/100

Costco Wholesale Corporation (COST) Operating margin

Alert me on Operating margin

Costco Wholesale Corporation's operating margin over the twelve months to 31 August 2026 was 3.85%. Over the past ten years it has ranged from 3.09% (fiscal 2016) to 3.85% (fiscal 2026) — the current reading is the highest in ten years. That is below the Discount Stores industry median of 4.45% and above the Consumer Defensive sector median of 1.36%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2026 3.85% 0.08
FY2025 3.77% 0.12
FY2024 3.65% 0.30
FY2023 3.35% (0.08)
FY2022 3.43% 0.01
FY2021 3.42% 0.16
FY2020 3.26% 0.16
FY2019 3.10% (0.06)
FY2018 3.16% (0.03)
FY2017 3.19% 0.10

Quarterly newest first

Period Operating margin Change (points)
Aug 2026 3.97% (0.02)
May 2026 3.99% 0.25
Feb 2026 3.74% 0.08
Nov 2025 3.66% (0.22)
46 more quarters

Against its own ten years

Low 3.09% High 3.85%
Ten-year median 3.30%
Current reading's percentile 100

Operating margin against peers

Company Operating margin
OLLI Ollie's Bargain Outlet Holdings, Inc. compare 12.3%
DLTR Dollar Tree, Inc. compare 11.0%
TGT Target Corporation compare 5.59%
DG Dollar General Corporation compare 5.59%
PSMT PriceSmart, Inc. compare 4.51%
WMT Walmart Inc. compare 4.39%
COST Costco Wholesale Corporation 3.85%
BJ BJ's Wholesale Club Holdings, Inc. compare 3.76%
TBBB BBB Foods Inc. compare −1.00%
Discount Stores industry median 4.45%
Consumer Defensive sector median 1.36%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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