Costco quarterly profit exceeds expectations, with merchandise sales and membership fee growth driving performance improvement | Earnings Report Insights

SnapshotLaborer · 2026-03-05T23:47:07+00:00

Costco reports Q2 FY2026 results, with net sales increasing by 9.1% to $68.24 billion and net profit of $2.035 billion. Digital sales surged significantly, driving the stock price up by 2.46%. The US, Canada, and international markets all performed well.

SnapshotLaborer

2026-03-05 23:47:07

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Costco reported its operating results for the second quarter and first half of fiscal year 2026, ending February 15, after the market close on Thursday. The growth in merchandise sales and membership fee income jointly drove the performance, leading to a 2.46% increase in the company’s stock price after hours.

Here are the key points from Costco’s earnings report:

Major Financial Data:

Net Sales: Second quarter net sales increased 9.1% year-over-year to $68.24 billion, up from $62.53 billion in the same period last year. For the first 24 weeks of FY2026, net sales grew 8.7% YoY to $134.22 billion, compared to $123.52 billion last year.

Comparable Sales: Second quarter comparable sales rose 7.4% YoY, with a 6.7% increase on an adjusted basis. For the first 24 weeks, comparable sales increased 6.9%, with an adjusted increase of 6.5%.

Digital Channel Sales: Second quarter digital channel comparable sales grew 22.6%, adjusted 21.7%. For the first 24 weeks, growth was 6.9%, adjusted 6.5%.

Net Income: Second quarter net income was $2.035 billion, with diluted earnings per share (EPS) of $4.58. For the first 24 weeks, net income was $4.04 billion, with diluted EPS of $9.08.

Market Segment Data:

U.S. Market: Second quarter comparable sales increased 5.9%, with an adjusted increase of 6.4%. For the first 24 weeks, growth was 5.9%, adjusted 6.1%.

Canada Market: Second quarter comparable sales rose 10.1%, with an adjusted increase of 7.6%. For the first 24 weeks, growth was 8.3%, with an adjusted increase of 8.3%.

Other International Markets: Second quarter comparable sales grew 13.0%, adjusted 7.1%. For the first 24 weeks, growth was 11.0%, adjusted 7.0%.

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