Company: COST
Filing Date: 2025-12-17
Form Type: 10-Q
Source: 0000909832-25-000169
Chunk: 5

Company: COSTCO WHOLESALE CORP /NEW
Filing Date: 2025-12-17
Form: 10-Q
Item: Item 1
Chunk 5
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Item 1—Financial Statements

COSTCO WHOLESALE CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(amounts in millions, except per share data) (unaudited)

12 Weeks EndedNovember 23,2025November 24,2024REVENUENet sales$65,978 $60,985 Membership fees1,329 1,166 Total revenue67,307 62,151 OPERATING EXPENSESMerchandise costs58,510 54,109 Selling, general and administrative6,334 5,846 Operating income2,463 2,196 OTHER INCOME (EXPENSE)Interest expense(35)(37)Interest income and other, net155 147 INCOME BEFORE INCOME TAXES2,583 2,306 Provision for income taxes582 508 NET INCOME$2,001 $1,798 NET INCOME PER COMMON SHARE:Basic$4.51 $4.05 Diluted$4.50 $4.04 Shares used in calculation (000s):Basic443,961 443,988 Diluted444,515 444,891 

The accompanying notes are an integral part of these condensed consolidated financial statements.3

Table of Contents

COSTCO WHOLESALE CORPORATION

 CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(amounts in millions) (unaudited)

 12 Weeks Ended November 23,2025November 24,2024NET INCOME$2,001 $1,798 Foreign-currency translation adjustment and other, net(206)(324)COMPREHENSIVE INCOME$1,795 $1,474 

The accompanying notes are an integral part of these condensed consolidated financial statements.4

Table of Contents

COSTCO WHOLESALE CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(amounts in millions, except par value and share data) (unaudited)

November 23,2025August 31,2025ASSETSCURRENT ASSETSCash and cash equivalents$16,217 $14,161 Short-term investments966 1,123 Receivables, net3,231 3,203 Merchandise inventories21,141 18,116 Other current assets1,856 1,777 Total