COSTNasdaqRetail-Variety StoresUS GAAP · USD

Costco Wholesale Corporation

Costco Wholesale Corp. operates a membership-based warehouse club business that sells a broad mix of food, consumables, general merchandise, and selected services through large-format warehouses and e-commerce. The company also runs related businesses such as gasoline stations, pharmacy, optical, food court, hearing aids, tire installation, travel, and business centers across the United States and multiple international markets.

Kysy yhtiöstä
Liikevaihto303,2mrd USD
+10,1 %v/v
Liikevoitto (EBIT)11,7mrd USD
+12,5 %v/v
EBIT-marginaali3,9%
+0,1 %-yks.v/v
Nettotulos9 226milj. USD
+13,9 %v/v
Vapaa kassavirta9 382milj. USD
+19,7 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

0100200300400mrd USD2021: 195,9 mrd USD2021: EBIT 6,7 mrd USD20212022: 227,0 mrd USD2022: EBIT 7,8 mrd USD20222023: 242,3 mrd USD2023: EBIT 8,1 mrd USD20232024: 254,5 mrd USD2024: EBIT 9,3 mrd USD20242025: 275,2 mrd USD2025: EBIT 10,4 mrd USD20252026: 303,2 mrd USD2026: EBIT 11,7 mrd USD2026303,211,7
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Costco Wholesale Corporation

Liiketoiminta

Osuus liikevaihdosta
Foods and Sundries35 %

Core grocery and consumables assortment including dry grocery, candy, freezer, liquor, and tobacco.

Fresh Foods15 %

Perishable food offerings such as meat, produce, deli, and bakery items.

Non-Foods25 %

General merchandise spanning appliances, electronics, apparel, home goods, seasonal, and jewelry.

Warehouse Ancillary18 %

Adjacent services and traffic drivers including gasoline, pharmacy, optical, food court, hearing aids, and tire installation.

Other Businesses7 %

Complementary businesses including e-commerce, business centers, travel, and other member services.

Tuotteet

Raportoitu · osuus liikevaihdosta
38,5%25,5%20,2%13,8%FY2026100 %
  • Foodand Sundries38,5 %
  • Non Foods25,5 %
  • Other20,2 %
  • Fresh Food13,8 %
  • Membership1,9 %

Lähde: 10-K FY2026, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Costco serves paid members rather than open walk-in shoppers, with memberships available to individuals and businesses. Its customer base includes households buying everyday consumables, business members purchasing in bulk for resale or operations, and members seeking bundled services such as fuel, pharmacy, travel, and online convenience.

Household Gold Star members

Individual consumers and families buying food, sundries, and general merchandise for everyday use and stock-up trips.

Business members

Businesses buying bulk inventory, supplies, and services for resale, offices, food service, and operations.

Executive members

Higher-spending members who earn rewards and typically drive a large share of net sales.

E-commerce shoppers

Members buying online or through digitally initiated orders for convenience and broader assortment.

Travel and services customers

Members purchasing vacation packages, car rentals, cruises, and in-warehouse services.

Strategia

Costco’s strategy is to attract and retain members by offering a limited assortment of high-quality merchandise at consistently low prices. It uses a membership model, private label strength, and large-format warehouse economics to drive traffic, repeat visits, and recurring fee income while expanding the warehouse base and digitally enabled businesses.

Expand warehouse footprintKeskipitkä aikaväli

New warehouses create incremental member access and support long-term sales growth.

Deepen member engagementLyhyt aikaväli

Higher renewal rates and Executive penetration reinforce recurring fee income and loyalty.

Grow private label and assortment productivityKeskipitkä aikaväli

Kirkland Signature helps differentiate the basket and support member value perception.

Build complementary digital and services businessesKeskipitkä aikaväli

E-commerce, travel, and digitally initiated sales broaden the member proposition without changing the core club model.

Maantiede

Costco operates in the United States and in a broad set of international markets, with the U.S. and Canada representing the most important parts of the business. The company also serves members in markets such as Mexico, the U.K., Japan, Korea, Taiwan, and Australia through warehouses, e-commerce, and selected services. Geography matters because warehouse growth, currency movement, tariffs, and local membership economics affect sales mix and operating conditions by country.

Riskit

Costco faces intense competition from warehouse clubs, supermarkets, supercenters, online retailers, gasoline stations, and specialty merchants, which can pressure pricing, traffic, and membership growth. Its results are also exposed to supplier concentration risk, tariffs, foreign exchange, and the heavy dependence of the business on the U.S. and Canadian markets, especially California.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Intense retail and warehouse-club competition1Dependence on U.S. and Canadian operations2Supply-chain and supplier disruption3Tariff and trade policy exposure4Foreign exchange volatility5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Intense retail and warehouse-club competitionVaikutus: KorkeaTodennäköisyys: Korkea

    Competitors can match prices, convenience, assortment, or digital tools and take share.

    KohdistuuMembership growthPricingTraffic
  2. Dependence on U.S. and Canadian operationsVaikutus: KorkeaTodennäköisyys: Korkea

    A large share of sales and operating income comes from these markets, making performance concentration high.

    KohdistuuU.SCanadaCalifornia
  3. Supply-chain and supplier disruptionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Limited availability, quality issues, or supplier distress can reduce in-stock positions and increase costs.

    KohdistuuFoodPrivate labelImported goods
  4. Tariff and trade policy exposureVaikutus: KeskitasoTodennäköisyys: Korkea

    Government actions in China, Mexico, Canada, and the U.S. can increase merchandise costs.

    Kohdistuu: imported merchandise

  5. Foreign exchange volatilityVaikutus: KeskitasoTodennäköisyys: Korkea

    International operations create translation and pricing exposure when currencies move.

    Kohdistuu: international warehouses

Kysy Clarifolta: Costco Wholesale Corporation

Kirjanpito

Harkinnanvaraiset erät
Membership fee recognition

Recurring annual fees are central to profitability and must be recognized over the membership term.

Vaikutus: Revenue timing and fee income visibility

Inventory and net investment in merchandise inventories

Large inventory purchases and supplier terms affect cash conversion and reported working capital.

Vaikutus: Cash flow and balance sheet presentation

Lease accounting

Warehouse and ancillary sites rely heavily on operating leases and related occupancy costs.

Vaikutus: EBITDA comparability and liability recognition

Self-insurance liabilities

Costco uses estimates for workers' compensation, health, general liability, and other claims.

Vaikutus: Expense accruals and reserve adequacy

Letters of credit and commitments

Outstanding letters of credit reduce borrowing availability and signal contingent obligations.

Vaikutus: Liquidity analysis and off-balance-sheet risk

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Walmart Inc.

WMT · Retail-Variety Stores

PepsiCo, Inc

PEP · Beverages

The Kroger Company

KR · Retail-Grocery Stores

PriceSmart, Inc

PSMT · Retail-Variety Stores

Starco Brands, Inc.

STCB · Services-Advertising Agencies

Sysco Corporation

SYY · Wholesale-Groceries & Related Products

Päivitetty: 28.9.2026

Costco Wholesale Corporation (COST) liikevaihto, tulos ja tunnusluvut 2026 – Clarifo