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Costco Wholesale Corporation

Costco Wholesale Corporation Q2 2026 Earnings Analysis

Reported on 2026-03-11 / Fiscal Quarter Q2 2026
Revenue Up YoY Sequential Improvement Margin Under Pressure EPS Up YoY Mixed Quarter
Costco Wholesale Corporation reported Q2 2026 results with relatively stable operating performance.

Revenue grew 9.2% year over year and rose 3.4% sequentially. Margins weakened from the previous quarter, indicating ongoing pressure on profitability. Costco Wholesale Corporation also posted year-over-year earnings growth, reinforcing a more resilient operating profile.

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Source: Company filings / processed earnings data
Revenue
$69.6B
YoY: 9.218%
QoQ: 3.4023%
Net Income
$2.0B
YoY: 13.8143%
QoQ: 1.7%
EPS (Diluted)
$4.58
YoY: 13.93%
Net Margin
2.9%
YoY: 0.12 pts
QoQ: -0.05 pts
Gross Margin
12.8%
Operating Margin
3.7%
Growth

Revenue trend

Revenue growth stayed positive, supporting a healthier topline trend.

Profitability

Margin and earnings quality

Margins deteriorated from last quarter, indicating weaker profit conversion.

Investor Focus

What matters next

Investors will continue watching execution quality.

Revenue & YoY Growth

Quarterly

Revenue trend and year-over-year growth across recent reported quarterly periods.

Net Income & Net Margin

Quarterly

Net income and net margin trend over recent reported quarterly periods.

Revenue Analysis

Costco Wholesale Corporation reported $69.6B in revenue for Q2 2026, up 9.2% YoY and up 3.4% QoQ. Positive year-over-year growth suggests healthier revenue momentum.

Revenue Snapshot
Current Quarter $69.6B
Previous Quarter $67.3B
Same Quarter Last Year $63.7B
YoY Change +9.2%
QoQ Change +3.4%

Profitability Analysis

Net income came in at $2.0B, up 13.8% YoY and up 1.7% QoQ. Net margin was 2.9%. Sequential margin deterioration suggests profitability remains under pressure.

Profitability Snapshot
Net Income $2.0B
EPS $4.58
Net Margin 2.9%
QoQ Margin Change -0.1 pts

Frequently Asked Questions

Quick factual answers for this report. Need the why behind them? Ask the report assistant.

What was Costco Wholesale Corporation's revenue in Q2 2026?

Costco Wholesale Corporation reported revenue of $69.6B in Q2 2026.

What was Costco Wholesale Corporation's net income in Q2 2026?

Costco Wholesale Corporation reported net income of $2.0B in Q2 2026.

How did Costco Wholesale Corporation's revenue change year over year?

Costco Wholesale Corporation's revenue increased by 9.2% year over year in Q2 2026.

What was Costco Wholesale Corporation's net margin in Q2 2026?

Costco Wholesale Corporation's net margin was 2.9% in Q2 2026.

Related
Costco Wholesale Corporation Q1 2026 Earnings

Compare this quarter with the previous earnings report.

Related
Costco Wholesale Corporation Company Overview

Explore company profile, industry, and historical context.

Related
Costco Wholesale Corporation Revenue & Profit Trends

View more quarterly financial trend pages for this company.

Data Source & Methodology

Financial data is sourced from company filings and internal processed earnings data.

YoY and QoQ values are derived from reported quarterly figures when not directly available.

This page is for informational purposes only and does not constitute investment advice.

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