Filing Flows › Costco Wholesale (COST) › Q3 FY26 › vs Q3 FY25
Costco Wholesale (COST) Q3 FY26 vs Q3 FY25 (year over year)
Costco Wholesale's revenue rose $7.3B (+12%) from $63.2B in Q3 FY25 to $70.5B in Q3 FY26. The biggest changes: Net Sales +$7.2B (+12%); Membership fees +$133M (+11%). Operating margin 4.0% against 4.0% (-0.0 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 Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Operating margin | 4.0% | 4.0% | -0.0 pts |
| Net margin | 3.1% | 3.0% | +0.1 pts |
| Free cash flow margin | 2.9% | 3.7% | -0.8 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Foods and Sundries | $26.5B | $25.1B | $1.4B | +6% |
| Non-Foods | $17.5B | $16.1B | $1.4B | +9% |
| Ancillary and Other Businesses | $15.4B | $12.0B | $3.5B | +29% |
| Fresh Foods | $9.7B | $8.8B | $888M | +10% |
| Net Sales | $69.2B | $62.0B | $7.2B | +12% |
| Membership fees | $1.4B | $1.2B | $133M | +11% |
| Revenue | $70.5B | $63.2B | $7.3B | +12% |
| Operating profit | $2.8B | $2.5B | $285M | +11% |
| Costs & expenses | $67.7B | $60.7B | $7.0B | +12% |
| Pre-tax earnings | $2.9B | $2.6B | $358M | +14% |
| Cost of revenue | $61.5B | $55.0B | $6.5B | +12% |
| SG&A | $6.2B | $5.7B | $514M | +9% |
| Net earnings | $2.2B | $1.9B | $289M | +15% |
| Income tax | $746M | $677M | $69.0M | +10% |
| Depreciation & amortization | $597M | $552M | $45.0M | +8% |
| Share-based compensation | $119M | $106M | $13.0M | +12% |
| Working capital & other | $541M | $899M | −$358M | -40% |
| Operating cash flow | $3.4B | $3.5B | −$11.0M | -0.3% |
| Free cash flow (OCF − capex) | $2.0B | $2.3B | −$293M | -13% |
| Capital expenditures | $1.4B | $1.1B | $282M | +25% |
Questions
How much did Costco Wholesale's revenue grow year over year in Q3 FY26?
Costco Wholesale's revenue rose $7.3B (+12%) from $63.2B in Q3 FY25 to $70.5B in Q3 FY26.
What drove Costco Wholesale's revenue change in Q3 FY26?
Net Sales +$7.2B (+12%); Membership fees +$133M (+11%).