Costco Q2 Revenue Up 9.2% to $69.6B; Membership Fees Jump 13.6%
Costco reported $69.6 billion in Q2 FY2026 revenue, a 9.2% year-over-year increase, with net income rising 13.8% to $2.035 billion and membership fee income up 13.6% to $1.355 billion. E-commerce sales surged 22.6%, total renewals reached 89.7%, and the company highlighted $150,000 diamond and $20,000 Babe Ruth baseball sales to boost member engagement.
1. Q2 FY2026 Financial Performance
Costco generated $69.6 billion in Q2 FY2026 revenue, up 9.2% year-over-year, with net income increasing 13.8% to $2.035 billion. Comparable sales rose 7.4%, supported by a 5.9% gain in the US and double-digit growth in Canada and overseas markets.
2. Membership Metrics and Fee Income
Paid memberships reached 82.1 million with a renewal rate of 89.7%, while membership fee income climbed 13.6% year-over-year to $1.355 billion, indicating strong member loyalty and value perception.
3. E-commerce Sales and Digital Engagement
E-commerce sales surged 22.6%, and mobile app visits jumped 63% as digital channels continued to drive significant traffic and incremental revenue growth.
4. Unique Item Sales Strategy
Costco sold an emerald-cut 5.8-carat diamond ring for $150,000 and a Babe Ruth autographed baseball for $20,000, using rare high-ticket items to generate word-of-mouth excitement and reinforce membership value.