1 - Excluding impacts from changes in gasoline prices and foreign exchange
2 - E-commerce Comparable Sales excluding impacts from FX
2
Q3 Highlights - Sales - Segment Reporting
Comp Sales
US
Canada
Other
International
Total
Company
Sales
+6.6%
+2.9%
+3.2%
+5.7%
Ticket
+1.1%
-1.3%
-1.5%
+0.4%
Traffic
+5.5%
+4.3%
+4.8%
+5.2%
Adjusted
Comp Sales1
US
Canada
Other
International
Total
Company
Sales
+7.9%
+7.8%
+8.5%
+8.0%
Ticket
+2.3%
+3.4%
+3.6%
+2.7%
Traffic
+5.5%
+4.3%
+4.8%
+5.2%
1 - Excluding impacts from changes in gasoline prices and foreign exchange
3
Q3 Highlights - Financial Performance
Gross Margin
+13.2% Growth
Diluted EPS
$4.28
Net Income
$1.90B
+13.2% Growth
11.25%
+41 bps vs. Q3 FY'24
+29 bps ex. gas impact
SG&A
9.16%
-20 bps vs. Q3 FY'24
-11 bps ex. gas impact
Reported
Ex Gas1
Reported
Ex Gas1
Core
+36bps
+27bps
Ops
-13bps
-5bps
Other Bus
+30bps
+27bps
Central
-2bps
-1bps
LIFO
-23bps
-23bps
Equity Comp
+1bp
+1bp
Other2
-2bps
-2bps
Preopening
-1bp
-1bp
Total
+41bps
+29bps
Other2
-5bps
-5bps
Core on Core Sales: +36bps
Total
-20bps
-11bps
1 - Excluding the impacts from changes in gasoline prices
2 - Related to the one-time vacation accrual impact from the new employee agreement effective March 2025
+ = Favorable/lower, - = Unfavorable/higher
4
Q3 Highlights - Membership
+10.4%
Membership Income Growth
+11.4%
Membership Income Growth ex-FX
90.2%
Worldwide Membership Renewal Rate
92.7%
US/CN Renewal Rate
79.6MM
Paid Memberships
+6.8% Growth
142.8MM
Total Cardholders
+6.6% Growth
37.6MM
Executive Memberships
73.1%
Penetration of Sales to
Executive Members
5
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Disclaimer
Costco Wholesale Corporation published this content on May 29, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 29, 2025 at 20:47 UTC.
Costco Wholesale Corporation specializes in the distribution of products and services at discount prices (food, sports equipment, household appliances, books, toys, jewelry, TVs, cameras, photo developing and printing services, etc.). The group develops its activity through a network of warehouse stores opened to individuals or companies who have paid a subscription fee. Net sales break down by revenue source as follows:
- sales of products (98.1%);
- sales of subscriptions (1.9%).
As of 31/08/2025, Costco Wholesale Corporation had a network of 914 warehouse stores located in the United States and Puerto Rico (629), Canada (110), Mexico (42), Japan (37), the United Kingdom (29), Korea (20), Australia (15), Taiwan (14), China (7), Spain (5), France (2), Sweden (2), New Zealand and Iceland.
Net sales are distributed geographically as follows: the United States (72.7%), Canada (13.4%) and other (13.9%).
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
