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Costco Wholesale (COST) Q4 FY25 earnings results (fourth quarter fiscal 2025)

10-K filed Oct 8, 2025

Costco Wholesale (COST) reported revenue of $86.2B for the fourth quarter fiscal 2025 (Q4 FY25), +8% from a year earlier. Operating margin was 3.9%, net earnings $2.6B (3.0% of revenue).

Revenue$86.2B
Year over year+8%
Quarter over quarter—
Operating margin3.9%
Net earnings$2.6B

Costco Wholesale, Q4 FY25: revenue $86.2B (+8% year over year), operating margin 3.9%, net earnings $2.6B. The chart follows the revenue to costs, profit and cash.

Q4 FY25AmountQ/QY/Y
Revenue$86.2B—+8%
Operating profit$3.3B—+10%
Net earnings$2.6B—+11%

What changed

Revenue was $86.2B in Q4 FY25, up 8% year over year.

Operating profit was $3.3B, a 3.9% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 5% reached operating profit, above the 4% margin then. Total costs grew 8% against revenue growth of 8%. The fastest-growing cost line was SG&A (+10%). Net earnings were $2.6B, up 11% year over year. The effective tax rate was 25.6%.

Questions

What was Costco Wholesale's revenue in the fourth quarter fiscal 2025?

Costco Wholesale (COST) reported revenue of $86.2B for the fourth quarter fiscal 2025 (Q4 FY25), +8% from a year earlier.

Was Costco Wholesale profitable in the fourth quarter fiscal 2025?

Operating profit was $3.3B (3.9% of revenue) and net earnings $2.6B.

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Source: Costco Wholesale 10-K on SEC EDGAR.