Companies /Consumer Defensive
Costco Wholesale Corp
NASDAQ: COST Discount Stores
$995.53
▲ $6.42 (+0.65%) today
Markets closed · 6:12pm ET

Costco (COST) Q2 2026 Earnings

Reported Mar 5, 2026, 4:19pm ET · SEC source
$4.58
Beat +0.78%
EPS · est. $4.54
$69.6B
Beat +0.40%
Revenue · est. $69.3B
+2.7%
Beating market
COST vs S&P since report
6 quarters
Consecutive EPS beats

How Did COST Stock React to Q2 2026 Earnings?

% change · around the report
0+2%Mar 5Mar 6report 4:19pm ETearnings−1.3%+1.4%
0+2%Mar 5Mar 6earnings−1.3%+1.4%
COST +1.4%S&P 500 −1.3%
0+2%Mar 5Mar 6report 4:19pm ETearnings−1.5%+1.4%
0+2%Mar 5Mar 6earnings−1.5%+1.4%
COST +1.4%NASDAQ −1.5%
−2%0+2%Mar 4Mar 13report 4:19pm ETearnings−2.6%+3.0%
−2%0+2%Mar 4Mar 13earnings−2.6%+3.0%
COST +3.0%S&P 500 −2.6%
−2%0+2%Mar 4Mar 13report 4:19pm ETearnings−2.4%+3.0%
−2%0+2%Mar 4Mar 13earnings−2.4%+3.0%
COST +3.0%NASDAQ −2.4%
+1.58%
Day of report
+0.72%
Next session
+1.03%
One week
+3.22%
30 days

S&P 500 over the same 30 days: +0.54%.

Did COST Beat Earnings? Q2 2026 Results

Yes. Costco reported Q2 2026 earnings of $4.58 a share on Mar 5, 2026, beating the $4.54 consensus estimate by 0.8%. Revenue was $69.6B against a $69.3B estimate.

Costco Wholesale delivered a clean beat on both lines in its fiscal second quarter of 2026, with results that reinforced why investors had been <a href="https://247wallst.com/investing/2026/03/05/live-will-costco-smash-q2-earnings-after-the-bell/">watching the quarter closely</a>. 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 · SEC filings Q2 2025 Q2 2026
$0$20.0B$40.0B$60.0B$63.7B$69.6BRevenue$8.0B$8.9BGross Profit$2.3B$2.6BOperating Income$1.8B$2.0BNet Income
$0$20.0B$40.0B$60.0BRevenueGross ProfitOperating IncomeNet Income
COST income statement, Q2 2026 versus Q2 2025
Metric Q2 2026 Q2 2025 Year over year
Revenue $69.6B $63.7B +9.2%
Gross Profit $8.9B $8.0B +11.3%
Operating Income $2.6B $2.3B +12.5%
Net Income $2.0B $1.8B +13.8%

COST Revenue by Segment

Net Sales$68.2B+9.1%
Membership Fees$1.4B+13.6%

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