Company: COST
Filing Date: 2025-06-05
Form Type: 10-Q
Source: 0000909832-25-000033
Chunk: 5

Company: COSTCO WHOLESALE CORP /NEW
Filing Date: 2025-06-05
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 Ended36 Weeks EndedMay 11,2025May 12,2024May 11,2025May 12,2024REVENUENet sales$61,965 $57,392 $185,480 $171,440 Membership fees1,240 1,123 3,599 3,316 Total revenue63,205 58,515 189,079 174,756 OPERATING EXPENSESMerchandise costs54,996 51,173 164,849 152,770 Selling, general and administrative5,679 5,145 17,188 15,743 Operating income2,530 2,197 7,042 6,243 OTHER INCOME (EXPENSE)Interest expense(35)(41)(108)(120)Interest income and other, net85 128 374 504 INCOME BEFORE INCOME TAXES2,580 2,284 7,308 6,627 Provision for income taxes677 603 1,819 1,614 NET INCOME$1,903 $1,681 $5,489 $5,013 NET INCOME PER COMMON SHARE:Basic$4.29 $3.79 $12.36 $11.29 Diluted$4.28 $3.78 $12.34 $11.27 Shares used in calculation (000s):Basic443,958 443,892 443,976 443,870 Diluted444,762 444,828 444,846 444,662 

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 Ended36 Weeks Ended May 11,2025May 12,2024May 11,2025May 12,2024NET INCOME$1,903 $1,681 $5,489 $5,013 Foreign-currency translation adjustment and other, net327