Costco Wholesale Corporation (COST) Q4 2025 Financial Results Summary

# Costco Wholesale Corporation (COST) Q4 2025 Financial Results Summary

Costco Wholesale Corporation (“Costco” or the “Company”) announced its operating results for the 16-week fourth quarter and the 52-week fiscal year ended August 31, 2025, on September 25, 2025.

## Key Highlights

– **Net Sales**:
– Fourth Quarter: Increased by **8.0%**, reaching **$84.4 billion**, compared to **$78.2 billion** in the same quarter last year.
– Fiscal Year: Increased by **8.1%**, totaling **$269.9 billion**, which is up from **$249.6 billion** the previous year.

– **Comparable Sales (Adjusted for Gas Prices and FX)**:
– **U.S.**:
– Q4: Up **5.1%**, adjusted **6.0%**
– FY: Up **6.2%**, adjusted **7.3%**
– **Canada**:
– Q4: Up **6.3%**, adjusted **8.3%**
– FY: Up **5.0%**, adjusted **8.3%**
– **Other International**:
– Q4: Up **8.6%**, adjusted **7.2%**
– FY: Up **4.8%**, adjusted **8.2%**
– **Total Company**:
– Q4: Up **5.7%**, adjusted **6.4%**
– FY: Up **5.9%**, adjusted **7.6%**
– **E-commerce**:
– Q4: Up **13.6%**, adjusted **13.5%**
– FY: Up **15.6%**, adjusted **16.1%**

– **Net Income**:
– Q4: **$2.610 billion**, representing **$5.87 per diluted share**, compared to **$2.354 billion**, or **$5.29 per diluted share**, in the prior year. Last year’s figures included a non-recurring tax benefit of **$63 million**.
– FY: **$8.099 billion**, or **$18.21 per diluted share**, up from **$7.367 billion**, or **$16.56 per diluted share** in the previous year.

– **Total Revenue**:
– Q4: **$86.156 billion**, compared to **$79.697 billion** last year.
– FY: **$275.235 billion**, compared to **$254.453 billion** last year.

– **Operating Income**:
– Q4: **$3.341 billion**, compared to **$3.042 billion** last year.
– FY: **$10.383 billion**, compared to **$9.285 billion** last year.

– **Cash Flows**:
– Cash generated from operating activities for the FY reached **$13.335 billion**, up from **$11.339 billion** in the previous fiscal year.

## Assets and Liabilities

– **Total Assets**:
– As of August 31, 2025: **$77.099 billion**, compared to **$69.831 billion** a year earlier.

– **Total Liabilities**:
– As of August 31, 2025: **$47.935 billion**, compared to **$46.209 billion** a year prior.

– **Total Equity**:
– As of August 31, 2025: **$29.164 billion**, up from **$23.622 billion**.

## Dividends and Share Repurchases

– **Dividends**:
– Costco announced cash dividend payments totaling **$2.183 billion** for the fiscal year, reflecting a significant decrease from **$9.041 billion** in the prior year.

– **Share Repurchase**:
– The company repurchased **$903 million** in common stock during the year, compared to **$700 million** in the previous fiscal year.

## Warehouse Operations

– As of August 31, 2025, Costco operates **914 warehouses** globally:
– **U.S. and Puerto Rico**: 629
– **Canada**: 110
– **Mexico**: 42
– **Japan**: 37
– **United Kingdom**: 29
– **Korea**: 20
– **Australia**: 15
– **Taiwan**: 14
– **China**: 7
– **Spain**: 5
– **France**: 2
– **Sweden**: 2
– **Iceland**: 1
– **New Zealand**: 1

Costco also operates e-commerce sites in various countries, including the U.S., Canada, the U.K., Mexico, Korea, Taiwan, Japan, and Australia.

### Upcoming Conference Call

A conference call to discuss these results is scheduled for **2:00 PM (PT)** on September 25, 2025, and will be available via webcast on investor.costco.com under “Events & Presentations.”

This financial summary provides an overview of Costco’s performance for the quarter and fiscal year, reflecting both increased revenue and strategic management of expenses and equity.