Filing Flows › Costco Wholesale (COST) › Q3 FY26 › vs Q2 FY26
Costco Wholesale (COST) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Costco Wholesale's revenue rose $930M (+1%) from $69.6B in Q2 FY26 to $70.5B in Q3 FY26. The biggest changes: Net Sales +$912M (+1%); Membership fees +$18.0M (+1%). Operating margin 4.0% against 3.7% (+0.2 pts).
Costco Wholesale, Q3 FY26: revenue $70.5B (+12% year over year), operating margin 4.0%, net earnings $2.2B, operating cash flow $3.4B. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Operating margin | 4.0% | 3.7% | +0.2 pts |
| Net margin | 3.1% | 2.9% | +0.2 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Foods and Sundries | $26.5B | $27.1B | −$616M | -2% |
| Non-Foods | $17.5B | $19.2B | −$1.6B | -8% |
| Ancillary and Other Businesses | $15.4B | $12.1B | $3.4B | +28% |
| Fresh Foods | $9.7B | $9.9B | −$214M | -2% |
| Net Sales | $69.2B | $68.2B | $912M | +1% |
| Membership fees | $1.4B | $1.4B | $18.0M | +1% |
| Revenue | $70.5B | $69.6B | $930M | +1% |
| Operating profit | $2.8B | $2.6B | $209M | +8% |
| Costs & expenses | $67.7B | $67.0B | $721M | +1% |
| Pre-tax earnings | $2.9B | $2.7B | $217M | +8% |
| Cost of revenue | $61.5B | $60.7B | $800M | +1% |
| SG&A | $6.2B | $6.3B | −$79.0M | -1% |
| Net earnings | $2.2B | $2.0B | $157M | +8% |
| Income tax | $746M | $686M | $60.0M | +9% |
| Depreciation & amortization | $597M | $597M | $0 | 0% |
| Share-based compensation | $119M | $166M | −$47.0M | -28% |
Questions
How much did Costco Wholesale's revenue grow quarter over quarter in Q3 FY26?
Costco Wholesale's revenue rose $930M (+1%) from $69.6B in Q2 FY26 to $70.5B in Q3 FY26.
What drove Costco Wholesale's revenue change in Q3 FY26?
Net Sales +$912M (+1%); Membership fees +$18.0M (+1%).