Form 10-K · Annual report
Costco 10-K, filed Oct 7, 2026
- Filed
- CIK
- 0000909832
- Accession no.
- 0000909832-26-000093
Summary
Costco reported fiscal 2026 net sales up 10% to $297.2 billion and net income up 14% to $9.2 billion, or $20.76 per diluted share, with membership fee revenue rising 11% to $5.9 billion and 25 net new warehouses opened. The filing states that Costco paid roughly $500 million in IEEPA tariffs before the U.S. Supreme Court ruled those tariffs unlawful in February 2026, after which the government began administering refunds.
Key points
- Net sales rose 10% to $297,247 million, helped by higher gasoline prices (+$3,501 million) and foreign-exchange changes (+$1,332 million).
- Costco opened 28 warehouses including three relocations, for 25 net new locations: 18 in the U.S., five in Canada, and two internationally.
- Gross margin percentage fell three basis points and SG&A fell 10 basis points as a percentage of net sales; the effective tax rate was 24.7% versus 25.1%.
- The board approved a 13% increase in the quarterly cash dividend in April.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 7—Management's Discussion OVERVIEW Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A) is intended to promote understanding of the results of operations and financial condition. MD&A is provided as a supplement to, and should be read in conjunction with our consolidated financial statements and the accompanying Notes to Financial Statements (Part II, Item 8 of this Form 10-K). This section generally discusses the results of operations for 2026 compared to 2025. …
An excerpt of the text as filed with the SEC, cut for length.
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