0000909832-26-000029
SEC filingCostco Wholesale Corporation reported strong financial results for Q2 2026, ending February 15, 2026. Total revenue was $69.60 billion, with merchandise costs of $60.72 billion and selling, general and administrative expenses of $6.27 billion, resulting in operating income of $2.61 billion. Net income was $2.04 billion, with basic and diluted earnings per share of $5.00. The company generated $7.68 billion in net cash from operating activities, while using $2.57 billion in investing activities and $1.90 billion in financing activities, leading to a net increase in cash and cash equivalents of $3.22 billion. The balance sheet shows total assets of $83.64 billion, total liabilities of $51.55 billion, and total equity of $32.09 billion, with cash and cash equivalents of $17.38 billion. No prior period comparison data is provided in the filing.
Costco Wholesale Corporation reported solid financial performance for the second quarter of fiscal year 2026, ending February 15, 2026. The company generated total revenue of $69.60 billion, with merchandise costs of $60.72 billion and selling, general and administrative expenses of $6.27 billion. This resulted in operating income of $2.61 billion. After accounting for interest expense of $33.0 million, interest income and other net income of $148.0 million, and provision for income taxes of $686.0 million, net income was $2.04 billion. Both basic and diluted earnings per share were $5.00, based on approximately 443.9 million basic shares and 444.4 million diluted shares outstanding. No prior period comparison data is provided in the filing to assess year-over-year or quarter-over-quarter changes.
The filing does not provide segment breakdown, geographic mix, or specific growth drivers for revenue. The only revenue figure disclosed is total revenue of $69.60 billion for the quarter. No further details about revenue composition, such as membership fees versus product sales, or geographic performance are available in the provided data. The XBRL data shows 'Net Sales' and 'Membership fees' as 'N/A' (not available), indicating these details were not reported in this filing extract.
Based on the available data, operating margin was 3.7% (calculated as operating income of $2.61 billion divided by total revenue of $69.60 billion). Gross profit can be calculated as $8.88 billion (total revenue of $69.60 billion minus merchandise costs of $60.72 billion), resulting in a gross margin of 12.8%. The cost structure shows merchandise costs representing 87.2% of revenue and selling, general and administrative expenses representing 9.0% of revenue. No prior period margin data is provided for comparison of trends.
The company generated strong operating cash flow of $7.68 billion, significantly higher than net income of $2.04 billion, with positive adjustments including depreciation and amortization of $597.0 million and favorable changes in working capital. Investing activities used $2.57 billion, primarily for additions to property and equipment of $2.81 billion. Financing activities used $1.90 billion, including cash dividend payments of $1.15 billion and repurchases of common stock of $419.0 million. The net change in cash and cash equivalents was an increase of $3.22 billion. The balance sheet shows total assets of $83.64 billion, with current assets of $43.13 billion including cash and cash equivalents of $17.38 billion and merchandise inventories of $18.99 billion. Total liabilities are $51.55 billion, with current liabilities of $40.76 billion including accounts payable of $20.65 billion. Total equity is $32.09 billion, with retained earnings of $25.12 billion.
The filing extract provided does not contain any management guidance, strategic priorities, or risk factors discussion. No forward-looking statements or outlook information is included in the provided financial data and document content sections. The analysis is limited to the historical financial results for the quarter ended February 15, 2026.