Costco Q4 FY2026: revenue up 11.1%, EPS $6.75 on tariff-refund lift
Costco closed fiscal 2026 with $95.72 billion of quarterly revenue, up 11.1%, and $6.75 of diluted EPS, up 15.0% — a headline that leans on a $0.15 non-recurring tariff refund. Read the quarter as a membership model still compounding: comparable sales rose 9.4%, cash climbed to $21.30 billion, and total debt stayed small. The view is Bullish, with the refund and a 12.7% gross margin as the caveats.
1 · Expected vs. Actual
Free preview belowDiluted EPS of $6.75 compares with $5.87 a year ago, a 15.0% increase, while net income rose 14.9% to $2.998 billion. Remove the $0.15 per-share IEEPA tariff refund the company flagged, and EPS was $6.60, still up 12.4% — so 2.6 percentage points of the gain is one-time. Results also stepped up from the third quarter's $4.93 per share, though that period covered 12 weeks against 16 here.
Fourth-quarter revenue of $95.72 billion was 11.1% above the $86.16 billion reported a year earlier, with net sales up 11.2% and membership fees up 7.3% to $1.85 billion. Total comparable sales rose 9.4%, or 6.7% once gasoline prices and foreign exchange are stripped out, and digitally-enabled comps jumped 19.5%. The growth came from merchandise moving through the warehouses rather than from fee increases, which is the healthier version of this story.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-24
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