Companies /Consumer Defensive
Costco Wholesale Corp
NASDAQ: COST Discount Stores
$995.53
▲ $6.42 (+0.65%) today
Markets closed · 7:57pm ET

Costco (COST) Q2 2025 Earnings

Reported Mar 6, 2025, 4:21pm ET · SEC source
$4.02
Miss −2.13%
EPS · est. $4.11
$63.7B
Beat +1.02%
Revenue · est. $63.1B
+8.0%
Beating market
COST vs S&P since report
6 quarters
Consecutive EPS beats

How Did COST Stock React to Q2 2025 Earnings?

% change · around the report
−6%−3%0Mar 6Mar 7report 4:21pm ETearnings+0.0%−5.2%
−6%−3%0Mar 6Mar 7earnings+0.0%−5.2%
COST −5.2%S&P 500 +0.0%
−6%−3%0Mar 6Mar 7report 4:21pm ETearnings−0.0%−5.2%
−6%−3%0Mar 6Mar 7earnings−0.0%−5.2%
COST −5.2%NASDAQ −0.0%
−10%−5%0Mar 5Mar 14report 4:21pm ETearnings−2.2%−11.5%
−10%−5%0Mar 5Mar 14earnings−2.2%−11.5%
COST −11.5%S&P 500 −2.2%
−10%−5%0Mar 5Mar 14report 4:21pm ETearnings−2.4%−11.5%
−10%−5%0Mar 5Mar 14earnings−2.4%−11.5%
COST −11.5%NASDAQ −2.4%
−6.07%
Day of report
−3.10%
Next session
−6.26%
One week
−5.76%
30 days

S&P 500 over the same 30 days: −13.79%.

Did COST Beat Earnings? Q2 2025 Results

No. Costco reported Q2 2025 earnings of $4.02 a share on Mar 6, 2025, missing the $4.11 consensus estimate by 2.1%. Revenue was $63.7B against a $63.1B estimate.

Costco Wholesale delivered solid but slightly disappointing fiscal second-quarter results for the twelve weeks ended February 16, 2025, posting earnings of $4.02 per diluted share against Wall Street's estimate of $4.11, sending shares lower after the report. Total revenue reached $63.72 billion as net sales climbed 9.1% to $62.53 billion, with the quarter's headline growth partially obscured by a $0.21 per diluted share tax benefit embedded in the year-ago period — strip that out, and both net income and EPS grew 8.4%. The clearest engine behind the results was e-commerce, where comparable sales surged 20.9%, fueled by strong demand in gold and jewelry, home furnishings, and small electrics. Membership metrics held firm, with paid memberships rising 6.8% to 78.4 million and the U.S.-Canada renewal rate steady at 93.0%. Looking ahead, Costco plans to open roughly 18 additional warehouses before fiscal year-end, targeting approximately 915 locations globally, even as management cautioned that tariff uncertainty and inflation could temper <a href="https://247wallst.com/investing/2025/05/29/costco-cost-earnings-stock-split-buzz-builds-as-shares-test-record-highs/">consumer spending in coming quarters</a>.

Key Takeaways
  • 9.1% adjusted comparable sales growth excluding gas and FX impacts
  • 5.7% comparable traffic growth across all segments
  • E-commerce comparable sales growth of 20.9% (22.2% adjusted for FX)
  • Strong membership metrics with 90.5% worldwide renewal rate
  • Gross margin improvement of 5 basis points to 10.85%
  • SG&A expense improvement of 8 basis points to 9.06%
  • Executive membership penetration at 73.8% of sales
  • Membership fee income growth of 7.4% (9.4% ex-FX)

What Was Costco's Outlook in Q2 2025?

Costco estimates opening approximately 18 new warehouses in the remainder of fiscal 2025, bringing the total to an estimated 915 warehouses by fiscal year-end. The company continues to invest in lowering everyday low prices across key Kirkland Signature products and expanding its e-commerce and logistics capabilities.

COST YoY Financials

Revenue$63.7B
Gross Profit$8.0B
Operating Income$2.3B
Net Income$1.8B

COST Revenue by Segment

Net Sales$62.5B+9.1%
Membership Fees$1.2B+7.4%

Figures from SEC filings and company reports. Not investment advice.