Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories. The company offers sundries, dry groceries, candies, coolers, freezers, liquor, and tobacco and deli products; appliances, electronics, health and beauty aids, hardware, garden and patio products, sporting goods, tires, toys and seasonal products, office supplies, automotive care products, postages, tickets, apparel, small appliances, furniture, domestics, housewares, special order kiosks, and jewelry; and meat, produce, service deli, and bakery products. It also operates pharmacies, opticals, food courts, hearing-aid centers, and tire installation centers, as well as 636 gas stations; and offers business delivery, travel, same-day grocery, and various other services online in various countries. As of August 29, 2021, the company operated 815 membership warehouses, including 564 in the United States and Puerto Rico, 105 in Canada, 39 in Mexico, 30 in Japan, 29 in the United Kingdom, 16 in South Korea, 14 in Taiwan, 12 in Australia, 3 in Spain, 1 in Iceland, 1 in France, and 1 in China. It also operates e-commerce websites in the United States, Canada, the United Kingdom, Mexico, South Korea, Taiwan, Japan, and Australia. The company was formerly known as Costco Companies, Inc. and changed its name to Costco Wholesale Corporation in August 1999. Costco Wholesale Corporation was founded in 1976 and is based in Issaquah, Washington.

Costco Wholesale Corporation

Net Income

Net Income %Chg

Net Income Common Size

Depreciation and Amortization

Depreciation and Amortization %Chg

Depreciation and Amortization Common Size

Non-Cash Lease Expense

Non-Cash Lease Expense %Chg

Non-Cash Lease Expense Common Size

Stock-Based Compensation

Stock-Based Compensation %Chg

Stock-Based Compensation Common Size

Excess Tax Benefits on Stock-Based Awards

Excess Tax Benefits on Stock-Based Awards %Chg

Excess Tax Benefits on Stock-Based Awards Common Size

Other Non-Cash Operating Activities, Net

Other Non-Cash Operating Activities, Net %Chg

Other Non-Cash Operating Activities, Net Common Size

Deferred Income Taxes

Deferred Income Taxes %Chg

Deferred Income Taxes Common Size

Merchandise Inventories

Merchandise Inventories %Chg

Merchandise Inventories Common Size

Accounts Payable

Accounts Payable %Chg

Accounts Payable Common Size

Other Operating Assets and Liabilities, Net

Other Operating Assets and Liabilities, Net %Chg

Other Operating Assets and Liabilities, Net Common Size

Net Cash Provided by Operating Activities

Net Cash Provided by Operating Activities %Chg

Net Cash Provided by Operating Activities Common Size

Purchases of Short-Term Investments

Purchases of Short-Term Investments %Chg

Purchases of Short-Term Investments Common Size

Maturities of Short-Term Investments

Maturities of Short-Term Investments %Chg

Maturities of Short-Term Investments Common Size

Additions to Property and Equipment

Additions to Property and Equipment %Chg

Additions to Property and Equipment Common Size

Acquisitions

Acquisitions %Chg

Acquisitions Common Size

Other Investing Activities, Net

Other Investing Activities, Net %Chg

Other Investing Activities, Net Common Size

Net Cash Provided by Investing Activities

Net Cash Provided by Investing Activities %Chg

Net Cash Provided by Investing Activities Common Size

Change in Bank Payments Outstanding

Change in Bank Payments Outstanding %Chg

Change in Bank Payments Outstanding Common Size

Repayments of Short-Term Borrowings

Repayments of Short-Term Borrowings %Chg

Repayments of Short-Term Borrowings Common Size

Proceeds from Short-Term Borrowings

Proceeds from Short-Term Borrowings %Chg

Proceeds from Short-Term Borrowings Common Size

Repayments of Long-Term Debt

Repayments of Long-Term Debt %Chg

Repayments of Long-Term Debt Common Size

Proceeds from Issuance of Long-Term Debt

Proceeds from Issuance of Long-Term Debt %Chg

Proceeds from Issuance of Long-Term Debt Common Size

Tax Withholdings on Stock-Based Awards

Tax Withholdings on Stock-Based Awards %Chg

Tax Withholdings on Stock-Based Awards Common Size

Repurchases of Common Stock

Repurchases of Common Stock %Chg

Repurchases of Common Stock Common Size

Cash Dividend Payments

Cash Dividend Payments %Chg

Cash Dividend Payments Common Size

Financing Lease Payments and Other Financing Activities, Net

Financing Lease Payments and Other Financing Activities, Net %Chg

Financing Lease Payments and Other Financing Activities, Net Common Size

Other Financing Activities, Net

Other Financing Activities, Net %Chg

Other Financing Activities, Net Common Size

Dividend to Noncontrolling Interest

Dividend to Noncontrolling Interest %Chg

Dividend to Noncontrolling Interest Common Size

Acquisition of Noncontrolling Interest

Acquisition of Noncontrolling Interest %Chg

Acquisition of Noncontrolling Interest Common Size

Net Cash Provided by Financing Activities

Net Cash Provided by Financing Activities %Chg

Net Cash Provided by Financing Activities Common Size

Effect of Exchange Rate Changes on Cash and Cash Equivalents

Effect of Exchange Rate Changes on Cash and Cash Equivalents %Chg

Effect of Exchange Rate Changes on Cash and Cash Equivalents Common Size

Net Change in Cash and Cash Equivalents

Net Change in Cash and Cash Equivalents %Chg

Net Change in Cash and Cash Equivalents Common Size

Cash and Cash Equivalents Beginning of Year

Depreciation & Amortization

Depreciation & Amortization %Chg

Depreciation & Amortization Common Size

Share-Based Compensation Expense

Share-Based Compensation Expense %Chg

Share-Based Compensation Expense Common Size

Other Adjustments

Other Adjustments %Chg

Other Adjustments Common Size

Changes in Inventories

Changes in Inventories %Chg

Changes in Inventories Common Size

Changes in Accounts Payable

Changes in Accounts Payable %Chg

Changes in Accounts Payable Common Size

Changes in Other Operating Activities

Changes in Other Operating Activities %Chg

Changes in Other Operating Activities Common Size

Cash from Operating Activities

Cash from Operating Activities %Chg

Cash from Operating Activities Common Size

Capital Expenditure

Capital Expenditure %Chg

Capital Expenditure Common Size

Purchases of Investments

Purchases of Investments %Chg

Purchases of Investments Common Size

Proceeds from Sale of Investments

Proceeds from Sale of Investments %Chg

Proceeds from Sale of Investments Common Size

Payments for Business Acquisitions

Payments for Business Acquisitions %Chg

Payments for Business Acquisitions Common Size

Other Investing Activities

Other Investing Activities %Chg

Other Investing Activities Common Size

Cash from Investing Activities

Cash from Investing Activities %Chg

Cash from Investing Activities Common Size

Issuance of Short-Term Debt

Issuance of Short-Term Debt %Chg

Issuance of Short-Term Debt Common Size

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Gross Profit

Adjusted Net Income

Net Revenue

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Operating Activities	Nov '25	Aug '25	May '25	Feb '25	Nov '24	Sep '24
Net Income	8,302	8,099	7,843	7,621	7,576	7,367
Net Income
Depreciation & Amortization	2,475	2,426	2,358	2,322	2,284	2,237
Depreciation and Amortization
Share-Based Compensation Expense	883	860	852	852	837	818
Stock-Based Compensation
Other Adjustments	256	186	314	223	189	306
Excess Tax Benefits on Stock-Based Awards
Other Non-Cash Operating Activities, Net
Non-Cash Lease Expense
Deferred Income Taxes
Changes in Inventories	—	559	-1,262	-2,005	-3,225	-2,068
Merchandise Inventories
Changes in Accounts Payable	—	404	1,162	1,476	1,685	1,938
Accounts Payable
Changes in Other Operating Activities	—	801	1,159	1,476	602	741
Other Operating Assets and Liabilities, Net
Cash from Operating Activities	14,763	13,335	12,426	11,965	9,948	11,339
Net Cash Provided by Operating Activities

Investing Activities	Nov '25	Aug '25	May '25	Feb '25	Nov '24	Sep '24
Capital Expenditure	-5,760	-5,498	-5,109	-5,040	-4,934	-4,710
Additions to Property and Equipment
Purchases of Investments	-976	-1,028	-1,036	-1,096	-1,517	-1,470
Purchases of Short-Term Investments
Proceeds from Sale of Investments	940	1,141	1,135	1,513	1,453	1,790
Maturities of Short-Term Investments
Payments for Business Acquisitions	—	—	—	—	—	—
Acquisitions
Other Investing Activities	72	74	-36	-41	-30	-19
Other Investing Activities, Net
Cash from Investing Activities	-5,724	-5,311	-5,046	-4,664	-5,028	-4,409
Net Cash Provided by Investing Activities

Financing Activities	Nov '25	Aug '25	May '25	Feb '25	Nov '24	Sep '24
Issuance of Short-Term Debt	683	816	916	915	917	928
Proceeds from Short-Term Borrowings
Change in Bank Payments Outstanding
Repayments of Short-Term Debt	-668	-862	-918	-900	-941	-920
Repayments of Short-Term Borrowings
Net Issuance / (Repayments) of Short-Term Debt	15	-46	-2	15	-24	8
Issuance of Long-Term Debt	—	—	—	—	—	498
Proceeds from Issuance of Long-Term Debt
Repayments of Long-Term Debt	—	-103	—	—	—	-1,077
Repayments of Long-Term Debt
Net Issuance / (Repayments) of Long-Term Debt	—	-103	—	—	—	-579
Repurchases of Common Shares	-1,267	-1,296	-1,233	-1,203	-1,303	-1,015
Tax Withholdings on Stock-Based Awards
Repurchases of Common Stock
Net Issuance / (Repurchases) of Common Shares	-1,267	-1,296	-1,233	-1,203	-1,303	-1,015
Common Share Dividends Paid	-2,502.5	-2,183	-1,801.5	-1,801.5	-8,651	-9,041
Cash Dividend Payments
Other Financing Activities	-149	-147	-142	-139	-74	-137
Excess Tax Benefits on Stock-Based Awards
Financing Lease Payments and Other Financing Activities, Net
Other Financing Activities, Net
Dividend to Noncontrolling Interest
Acquisition of Noncontrolling Interest
Cash from Financing Activities	-3,749	-3,775	-3,998	-3,948	-10,983	-10,764
Net Cash Provided by Financing Activities

Free Cash Flow	Nov '25	Aug '25	May '25	Feb '25	Nov '24	Sep '24
Free Cash Flow	9,003	7,837	7,317	6,925	5,014	6,629
NOPAT	7,969	7,773.3	7,589.4	7,339.5	7,238.4	7,022.9
Levered Free Cash Flow	5,032	6,642	6,149	5,865	3,964	4,934
Unlevered Free Cash Flow	4,684	6,465.3	5,897.4	5,568.5	3,650.4	5,160.9
Net Change in Cash	5,290	4,249	3,382	3,353	-6,063	-3,834