Costco Posts 9.1% Sales Growth to $68.2B, EPS of $4.58 Beats
Costco’s fiscal Q2 revenue reached $69.597 billion with net sales of $68.242 billion, a 9.1% year-over-year lift, while net income of $2.035 billion translated to diluted EPS of $4.58, topping estimates. Company-wide comps rose 7.4%, digital sales soared 22.6%, and membership fees reached $1.355 billion.
1. Fiscal Q2 Financial Results
Costco reported fiscal Q2 revenue of $69.597 billion and net sales of $68.242 billion, up 9.1% year-over-year. Net income reached $2.035 billion, and diluted EPS of $4.58 exceeded analyst forecasts by three cents, marking the third beat in four quarters.
2. Comparable Sales and Digital Growth
Total comparable sales increased 7.4%, including a 6.7% gain excluding gas and FX effects. U.S. comps grew 5.9% while digitally-enabled sales surged 22.6%, reflecting expanding e-commerce adoption and strong online order volumes.
3. Membership and International Performance
Membership fee income climbed to $1.355 billion, driven by high renewal rates for Executive and business tiers. International net sales saw Canada rise 10.1% and other global markets up 13%, underscoring broad geographic strength.
4. Stock Reaction and Outlook
Shares dipped slightly in pre-market trading following the release. With 924 warehouses worldwide and momentum in membership, e-commerce and new locations, Costco is positioned for sustained growth through fiscal 2026.