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 Sales

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Net Sales Common Size

Membership Fees

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Membership Fees Common Size

Total Revenue

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Merchandise Costs

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Selling, General and Administrative

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Preopening Expenses

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Provision for Impaired Assets and Closing Costs, Net

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Provision for Impaired Assets and Closing Costs, Net Common Size

Operating Income

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Interest Expense

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Interest Income and Other

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Interest Income and Other, Net

Interest Income and Other, Net %Chg

Interest Income and Other, Net Common Size

Income Before Income Taxes

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Provision for Income Taxes

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Net Income Including Noncontrolling Interests

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Net Income Attributable to Noncontrolling Interests

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Net Income

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Basic

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Diluted

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Total Revenues

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Cost of Sales

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Gross Profit

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Gross Profit Margin

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Selling, General & Administrative Expenses

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Other Operating Expenses

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Operating Profit

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Operating Margin

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Interest and Investment Income

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Total Non-Operating Income

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Income Before Provision for Income Taxes

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Consolidated Net Income

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Net Income Attributable to Minority Interests and Other

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Net Income Attributable to Common Shareholders

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Basic EPS

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Diluted EPS

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Basic Weighted Average Shares Outstanding

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

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Net Revenue

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Adjusted EBT

Adjusted Funds From Operations

Income Statement	LTM	Aug '25	Sep '24	Sep '23	Aug '22	Aug '21	Aug '20	Sep '19	Sep '18	Sep '17	Aug '16
Total Revenues	280,391	275,235	254,453	242,290	226,954	195,929	166,761	152,703	141,576	129,025	118,719
Total Revenues %Chg	8.3%	8.2%	5%	6.8%	15.8%	17.5%	9.2%	7.9%	9.7%	8.7%	2.2%
Net Sales
Membership Fees
Cost of Sales	244,287	239,886	222,358	212,586	199,382	170,684	144,939	132,886	123,152	111,882	102,901
Merchandise Costs
Gross Profit	36,104	35,349	32,095	29,704	27,572	25,245	21,822	19,817	18,424	17,143	15,818
Gross Profit Margin	12.9%	12.8%	12.6%	12.3%	12.1%	12.9%	13.1%	13%	13%	13.3%	13.3%
Selling, General & Administrative Expenses	25,454	24,966	22,810	21,590	19,779	18,537	16,387	14,994	13,876	12,950	12,068
Selling, General and Administrative
Other Operating Expenses	—	—	—	—	—	—	—	86	68	82	78
Preopening Expenses
Provision for Impaired Assets and Closing Costs, Net
Operating Profit	10,650	10,383	9,285	8,114	7,793	6,708	5,435	4,737	4,480	4,111	3,672
Operating Income
Operating Margin	3.8%	3.8%	3.6%	3.3%	3.4%	3.4%	3.3%	3.1%	3.2%	3.2%	3.1%
Interest and Investment Income	597	589	624	533	205	143	92	178	121	62	80
Interest Income and Other
Interest Income and Other, Net
Interest Expense	-152	-154	-169	-160	-158	-171	-160	-150	-159	-134	-133
Interest Expense
Total Non-Operating Income	445	435	455	373	47	-28	-68	28	-38	-72	-53
Income Before Provision for Income Taxes	11,095	10,818	9,740	8,487	7,840	6,680	5,367	4,765	4,442	4,039	3,619
Income Before Income Taxes
Provision for Income Taxes	2,793	2,719	2,373	2,195	1,925	1,601	1,308	1,061	1,263	1,325	1,243
Provision for Income Taxes
Consolidated Net Income	8,302	8,099	7,367	6,292	5,915	5,079	4,059	3,704	3,179	2,714	2,376
Net Income Including Noncontrolling Interests
Net Income Attributable to Minority Interests and Other	—	—	—	—	71	72	57	45	45	35	26
Net Income Attributable to Noncontrolling Interests
Net Income Attributable to Common Shareholders	8,302	8,099	7,367	6,292	5,844	5,007	4,002	3,659	3,134	2,679	2,350
Net Income
Basic EPS	18.7	18.2	16.6	14.2	13.2	11.3	9.1	8.3	7.2	6.1	5.4
Diluted EPS	18.7	18.2	16.6	14.2	13.1	11.3	9	8.3	7.1	6.1	5.3
Basic Weighted Average Shares Outstanding	444	444	443.9	443.9	443.7	443.1	442.3	439.8	438.5	438.4	438.6
Total Shares Outstanding	443.9	443.2	443.1	442.8	442.7	441.8	441.3	439.6	438.2	437.2	437.5
Diluted Weighted Average Shares Outstanding	444.7	444.8	444.8	444.5	444.8	444.3	443.9	442.9	441.8	440.9	441.3
EBITDA	13,125	12,809	11,522	10,191	9,693	8,489	7,080	6,229	5,917	5,481	4,927
Effective Tax Rate	25.2%	25.1%	24.4%	25.9%	24.6%	24%	24.4%	22.3%	28.4%	32.8%	34.3%