COST financial statements

The full income statement, balance sheet, and cash-flow statement for Costco Wholesale Corporation (COST), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-05 443.3M2024-09 443.1M2024-11 443.9M2025-02 443.7M2025-05 443.5M2025-08 443.2M2025-11 443.9M2026-02 443.7M2026-05 443.5M+0.0% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofAug 31 ’25	as ofSep 1 ’24	as ofSep 3 ’23	as ofAug 28 ’22	as ofAug 29 ’21
Revenue	275B YoY+8.2%	254B YoY+5.0%	242B YoY+6.8%	227B YoY+15.8%	196B YoY+17.5%
Cost of revenue	240B YoY+7.9%	222B YoY+4.6%	213B YoY+6.6%	199B YoY+16.8%	171B YoY+17.8%
Selling, general & administrative	25.0B YoY+9.5%	22.8B YoY+5.7%	21.6B YoY+9.2%	19.8B YoY+6.7%	18.5B YoY+13.1%
Operating income	10.4B YoY+11.8%	9.29B YoY+14.4%	8.11B YoY+4.1%	7.79B YoY+16.2%	6.71B YoY+23.4%
Interest expense	154M YoY-8.9%	169M YoY+5.6%	160M YoY+1.3%	158M YoY-7.6%	171M YoY+6.9%
Pre-tax income	10.8B YoY+11.1%	9.74B YoY+14.8%	8.49B YoY+8.3%	7.84B YoY+17.4%	6.68B YoY+24.5%
Income tax	2.72B YoY+14.6%	2.37B YoY+8.1%	2.19B YoY+14.0%	1.93B YoY+20.2%	1.60B YoY+22.4%
	8.10B YoY+9.9%	7.37B YoY+17.1%	6.29B YoY+7.7%	5.84B YoY+16.7%	5.01B YoY+25.1%
Net income to non-controlling interest	—	0.00	0.00 YoY-100.0%	71.0M YoY-1.4%	72.0M YoY+26.3%
	$18.21 YoY+10.0%	$16.56 YoY+16.9%	$14.16 YoY+7.8%	$13.14 YoY+16.6%	$11.27 YoY+24.9%
EPS (basic)	$18.24 YoY+9.9%	$16.59 YoY+17.0%	$14.18 YoY+7.7%	$13.17 YoY+16.5%	$11.30 YoY+24.9%
	444M YoY+0.0%	444M YoY+0.0%	444M YoY+0.0%	444M YoY+0.1%	443M YoY+0.2%
	445M YoY+0.0%	445M YoY+0.1%	444M YoY-0.1%	445M YoY+0.1%	444M YoY+0.1%
Dividends per share	$4.92 YoY-74.6%	$19.36 YoY+404.2%	$3.84 YoY+13.5%	$3.38 YoY-74.0%	$13.01 YoY+288.1%
Balance Sheet	as ofAug 31 ’25	as ofSep 1 ’24	as ofSep 3 ’23	as ofAug 28 ’22	as ofAug 29 ’21
	38.4B YoY+12.1%	34.2B YoY-4.6%	35.9B YoY+9.7%	32.7B YoY+10.8%	29.5B YoY+4.9%
Cash & equivalents	14.2B YoY+43.0%	9.91B YoY-27.7%	13.7B YoY+34.3%	10.2B YoY-9.4%	11.3B YoY-8.3%
Short-term investments	1.12B YoY-9.3%	1.24B YoY-19.3%	1.53B YoY+81.3%	846M YoY-7.7%	917M YoY-10.8%
Accounts receivable	3.20B YoY+17.7%	2.72B YoY+19.1%	2.29B YoY+2.0%	2.24B YoY+24.3%	1.80B YoY+16.3%
Inventory	18.1B YoY-2.8%	18.6B YoY+12.0%	16.7B YoY-7.0%	17.9B YoY+26.0%	14.2B YoY+16.1%
Other current assets	1.78B YoY+2.5%	1.73B YoY+1.5%	1.71B YoY+14.0%	1.50B YoY+14.3%	1.31B YoY+28.3%
	77.1B YoY+10.4%	69.8B YoY+1.2%	69.0B YoY+7.5%	64.2B YoY+8.3%	59.3B YoY+6.7%
Property, plant & equipment	31.9B YoY+9.9%	29.0B YoY+8.8%	26.7B YoY+8.3%	24.6B YoY+4.9%	23.5B YoY+7.7%
Operating lease right-of-use	2.73B YoY+4.1%	2.62B YoY-3.5%	2.71B YoY-2.2%	2.77B YoY-4.0%	2.89B YoY+3.7%
Goodwill	—	994M YoY+0.0%	994M YoY+0.1%	993M YoY-0.3%	996M YoY+0.8%
Other non-current assets	4.08B YoY+3.8%	3.94B YoY+5.9%	3.72B YoY-8.2%	4.05B YoY+19.8%	3.38B YoY+19.0%
	37.1B YoY+4.6%	35.5B YoY+5.6%	33.6B YoY+5.0%	32.0B YoY+8.7%	29.4B YoY+18.5%
Accounts payable	19.8B YoY+1.9%	19.4B YoY+11.1%	17.5B YoY-2.0%	17.8B YoY+9.6%	16.3B YoY+14.9%
Accrued liabilities	2.68B YoY+9.9%	2.44B YoY+13.3%	2.15B YoY+12.5%	1.91B YoY+14.4%	1.67B YoY+20.0%
Deferred revenue	2.85B YoY+14.1%	2.50B YoY+7.0%	2.34B YoY+7.5%	2.17B YoY+6.5%	2.04B YoY+10.3%
Short-term & current debt	75.0M YoY-27.2%	103M YoY-90.5%	1.08B YoY+1380.8%	73.0M YoY-90.9%	799M YoY+741.1%
Current lease liability	208M YoY+16.2%	179M	—	—	—
Other current liabilities	6.59B YoY+4.4%	6.31B YoY+0.9%	6.25B YoY+11.5%	5.61B YoY+23.0%	4.56B YoY+22.3%
Finance lease liability (current)	78.0M YoY-46.9%	147M	—	—	—
	47.9B YoY+3.7%	46.2B YoY+5.2%	43.9B YoY+1.0%	43.5B YoY+5.7%	41.2B YoY+11.8%
Long-term debt	5.71B YoY-1.4%	5.79B YoY+7.8%	5.38B YoY-17.1%	6.48B YoY-3.1%	6.69B YoY-10.9%
Non-current lease liability	2.46B YoY+3.6%	2.38B YoY-2.1%	2.43B YoY-2.3%	2.48B YoY-6.1%	2.64B YoY+3.3%
Operating lease liability (total)	2.67B YoY+4.5%	2.55B YoY-3.5%	2.65B YoY-2.8%	2.72B YoY-5.0%	2.86B YoY+2.7%
Finance lease liability (total)	1.48B	—	—	—	1.05B YoY+52.9%
Finance lease liability	1.40B YoY+3.7%	1.35B	—	—	—
Deferred tax liabilities	—	—	—	—	-754M YoY-13.4%
Other non-current liabilities	2.65B YoY+3.0%	2.58B YoY+1.0%	2.55B YoY-0.2%	2.56B YoY+5.8%	2.42B YoY+24.8%
	29.2B YoY+23.5%	23.6B YoY-5.7%	25.1B YoY+21.4%	20.6B YoY+17.5%	17.6B YoY-3.9%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	2.00M YoY+0.0%	2.00M YoY+0.0%	2.00M YoY+0.0%	2.00M YoY-50.0%	4.00M YoY+0.0%
Additional paid-in capital	8.28B YoY+5.8%	7.83B YoY+6.7%	7.34B YoY+6.6%	6.88B YoY-2.1%	7.03B YoY+5.0%
Retained earnings	22.6B YoY+28.6%	17.6B YoY-9.7%	19.5B YoY+25.3%	15.6B YoY+33.6%	11.7B YoY-9.4%
Accumulated other comprehensive income	-1.77B YoY+3.2%	-1.83B YoY-1.3%	-1.80B YoY+1.3%	-1.83B YoY-60.9%	-1.14B YoY+12.3%
Non-controlling interest	—	—	0.00 YoY-100.0%	5.00M YoY-99.0%	514M YoY+22.1%
Total equity incl. non-controlling	29.2B YoY+23.5%	23.6B YoY-5.7%	25.1B YoY+21.4%	20.6B YoY+14.2%	18.1B YoY-3.4%
Total liabilities & equity	77.1B YoY+10.4%	69.8B YoY+1.2%	69.0B YoY+7.5%	64.2B YoY+8.3%	59.3B YoY+6.7%
	443M YoY+0.0%	443M YoY+0.1%	443M YoY+0.0%	443M YoY+0.2%	442M YoY+0.1%
	443M YoY+0.0%	443M YoY+0.1%	443M YoY+0.0%	443M YoY+0.2%	442M YoY+0.1%
	443M YoY+0.0%	443M YoY+0.1%	443M YoY+0.0%	443M YoY+0.2%	442M YoY+0.1%
Cash Flow	as ofAug 31 ’25	as ofSep 1 ’24	as ofSep 3 ’23	as ofAug 28 ’22	as ofAug 29 ’21
	13.3B YoY+17.6%	11.3B YoY+2.4%	11.1B YoY+49.7%	7.39B YoY-17.5%	8.96B YoY+1.1%
Depreciation & amortization	2.43B YoY+8.4%	2.24B YoY+7.7%	2.08B YoY+9.3%	1.90B YoY+6.7%	1.78B YoY+8.3%
Share-based compensation	860M YoY+5.1%	818M YoY+5.7%	774M YoY+6.9%	724M YoY+8.9%	665M YoY+7.4%
Change in inventory	-559M YoY-127.0%	2.07B YoY+268.4%	-1.23B YoY-130.7%	4.00B YoY+111.6%	1.89B YoY+139.2%
Change in payables	404M YoY-79.2%	1.94B YoY+607.3%	-382M YoY-120.2%	1.89B YoY+2.9%	1.84B YoY-18.7%
	-5.31B YoY-20.5%	-4.41B YoY+11.3%	-4.97B YoY-27.0%	-3.92B YoY-10.7%	-3.54B YoY+9.1%
Capital expenditure	5.50B YoY+16.7%	4.71B YoY+9.0%	4.32B YoY+11.1%	3.89B YoY+8.4%	3.59B YoY+27.7%
Free cash flow	7.84B YoY+18.2%	6.63B YoY-1.7%	6.75B YoY+92.7%	3.50B YoY-34.8%	5.37B YoY-11.3%
Acquisitions	0.00	0.00	0.00	0.00	0.00
Other investing activities	-74.0M YoY-489.5%	19.0M YoY+152.8%	-36.0M YoY-175.0%	48.0M YoY-22.6%	62.0M YoY+306.7%
	-3.77B YoY+64.9%	-10.8B YoY-311.8%	-2.61B YoY+39.0%	-4.28B YoY+34.0%	-6.49B YoY-465.6%
Long-term debt issued	0.00 YoY-100.0%	498M	0.00	0.00	0.00 YoY-100.0%
Long-term debt repaid	103M YoY-90.4%	1.08B YoY+1336.0%	75.0M YoY-90.6%	800M YoY+751.1%	94.0M YoY-97.1%
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	903M YoY+29.0%	700M YoY+3.6%	676M YoY+54.0%	439M YoY-11.5%	496M YoY+153.1%
Dividends paid	2.18B YoY-75.9%	9.04B YoY+622.7%	1.25B YoY-16.5%	1.50B YoY-73.9%	5.75B YoY+288.6%
Other financing activities	—	—	0.00 YoY+100.0%	-4.00M YoY-102.1%	188M YoY+184.8%
FX effect on cash	6.00M YoY-85.0%	40.0M YoY+166.7%	15.0M YoY+106.0%	-249M YoY-641.3%	46.0M YoY-34.3%
Net change in cash	4.25B YoY+212.2%	-3.79B YoY-208.5%	3.50B YoY+431.5%	-1.05B YoY-3.5%	-1.02B YoY-126.2%
Interest paid	106M YoY-17.8%	129M YoY+3.2%	125M YoY-13.8%	145M YoY-2.7%	149M YoY+20.2%
Income taxes paid	2.92B YoY+25.8%	2.32B YoY+3.8%	2.23B YoY+15.2%	1.94B YoY+27.0%	1.53B YoY+45.2%
Valuation Ratios	as ofAug 31 ’25	as ofSep 1 ’24	as ofSep 3 ’23	as ofAug 28 ’22	as ofAug 29 ’21
Market cap	418B YoY+5.7%	396B YoY+64.0%	241B YoY+2.4%	236B YoY+18.3%	199B YoY+29.4%
P/E	53.3× YoY-3.3%	55.2× YoY+37.2%	40.2× YoY-3.7%	41.7× YoY-1.0%	42.1× YoY+1.6%
P/S	1.6× YoY-0.2%	1.6× YoY+52.2%	1.0× YoY-5.4%	1.1× YoY+1.5%	1.1× YoY+11.6%
P/B	15.4× YoY-15.1%	18.2× YoY+77.6%	10.2× YoY-13.3%	11.8× YoY-2.3%	12.1× YoY+31.9%
P/FCF	57.2× YoY+7.2%	53.3× YoY+28.8%	41.4× YoY-27.9%	57.5× YoY+99.5%	28.8× YoY-26.1%
	1.9% YoY+3.4%	1.8% YoY-27.1%	2.5% YoY+3.8%	2.4% YoY+1.0%	2.4% YoY-1.6%
	1.7% YoY-6.7%	1.9% YoY-22.3%	2.4% YoY+38.7%	1.7% YoY-49.9%	3.5% YoY+35.4%
	0.52% YoY-76.0%	2.2% YoY+207.5%	0.71% YoY+10.9%	0.64% YoY-78.0%	2.9% YoY+200.2%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: COST's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all COST filings on SEC EDGAR → Not investment advice.