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Costco Wholesale (COST) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Jun 3, 2026
Costco Wholesale (COST) reported revenue of $70.5B for the third quarter fiscal 2026 (Q3 FY26), +12% from a year earlier and +1% from the quarter before. Operating margin was 4.0%, net earnings $2.2B (3.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $70.5B | +1% | +12% |
| Operating profit | $2.8B | +8% | +11% |
| Net earnings | $2.2B | +8% | +15% |
| Operating cash flow | $3.4B | — | -0.3% |
| Free cash flow | $2.0B | — | -13% |
What changed
Revenue was $70.5B in Q3 FY26, up 12% year over year and up 1% from the previous quarter. Foods and Sundries was the largest line at 38% of revenue. Ancillary and Other Businesses added $3.5B year over year (up 29%), 47% of the total change.
Operating profit was $2.8B, a 4.0% margin (unchanged year over year). Of the extra revenue versus Q3 FY25, 4% reached operating profit, below the 4% margin then. Total costs grew 12% against revenue growth of 12%. The fastest-growing cost line was Cost of revenue (+12%). Net earnings were $2.2B, up 15% year over year. The effective tax rate was 25.4%.
Operating cash flow was $3.4B (roughly flat year over year), 157% of net earnings. Non-cash charges added back $0.60B of depreciation and amortization and $0.12B of share-based compensation. Working capital and other items added $0.54B. Capital expenditures of $1.4B left free cash flow of $2.0B.
Questions
What was Costco Wholesale's revenue in the third quarter fiscal 2026?
Costco Wholesale (COST) reported revenue of $70.5B for the third quarter fiscal 2026 (Q3 FY26), +12% from a year earlier and +1% from the quarter before.
Was Costco Wholesale profitable in the third quarter fiscal 2026?
Operating profit was $2.8B (4.0% of revenue) and net earnings $2.2B.
Source: Costco Wholesale 10-Q on SEC EDGAR.