COSTCO WHOLESALE CORP /NEW (COST)
SEC filings, insider trading & institutional ownership from EDGAR.
Costco Wholesale Corporation, founded in 1983 and headquartered in Issaquah, Washington, operates membership warehouse clubs and e-commerce websites across the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. As of fiscal year-end September 3, 2023, the company operated 861 warehouses worldwide and generated net sales of $237.71 billion, an increase of 7% over the prior year, driven by a 3% rise in comparable sales, new warehouse openings, and one extra sales week due to its 53-week fiscal year. Membership fee revenue rose 8% to $4.58 billion, supported by new sign-ups and Executive membership upgrades; the company ended the year with 71 million paid members and 127.9 million total cardholders, with a worldwide renewal rate of 90.4%.
Costco's business model centers on offering a limited selection (fewer than 4,000 SKUs per warehouse) of nationally branded and private-label merchandise—including its Kirkland Signature brand—at low prices, enabled by high sales volume, rapid inventory turnover, and efficient distribution through cross-docking depots. Revenue categories include core merchandise (foods and sundries, non-foods, fresh foods), warehouse ancillary services (gasoline, pharmacy, optical, food court, hearing aids, tire installation), and other businesses (e-commerce, business centers, travel). Gasoline sales represented about 13% of net sales, while e-commerce contributed roughly 6%.
Net income for fiscal 2023 increased 8% to $6.29 billion, or $14.16 per diluted share, with gross margin percentage rising slightly due to a smaller LIFO charge, partially offset by $391 million in charges related to discontinuing charter shipping activities; SG&A expenses as a percentage of sales rose 20 basis points due to wage increases and softer sales growth. The effective tax rate was 25.9%. The company employed 316,000 workers globally, with about 95% in warehouse and distribution roles and a 90% one-year retention rate in the U.S.; it raised entry-level wages to at least $18.50 per hour in September 2023.
In 2023, Costco opened 26 new warehouses (13 net new in the U.S. and 10 in Other International markets), authorized a new $4 billion share repurchase program, and approved a 13% increase in its quarterly dividend. The company faces intense competition from Walmart, Target, Kroger, Amazon, Sam’s Club, and BJ’s Wholesale Club, and continues to emphasize its "pricing authority" strategy, private-label expansion, and employee-focused compensation philosophy as key drivers of long-term profitability. Common stock trades on the NASDAQ Global Select Market under the ticker "COST," with approximately 442.7 million shares outstanding as of October 3, 2023, and a non-affiliate market value of about $221.35 billion as of February 12, 2023.
AI-summarized from Item 1 (Business) of the company's most recent 10-K filing.
Financials
As reported to the SEC via XBRL, no adjustments
| Gross profit | $38.88B |
| Operating income | $11.69B |
| Diluted EPS | $20.76 |
| Gross margin | 12.8% |
| Net margin | 3.0% |
Revenue by region
FY2026 geographic segments • from the 10-K
Latest filings
10-K, 10-Q, 8-K, Form 4 & 13D/G. Sourced directly from SEC EDGAR
| Form | Filed |
|---|---|
| 4Wilcox William Richard | Oct 15, 2026 |
| 8-K | Oct 15, 2026 |
| 10-K | Oct 7, 2026 |
| 4Frates Caton | Sep 30, 2026 |
| 4Adamo Claudine | Sep 30, 2026 |
| 8-K | Sep 24, 2026 |
Insider trading
From Form 4 filings
| Insider | Date | Type |
|---|---|---|
| Wilcox William Richard | Oct 13, 2026 | Sell |
| Adamo Claudine | Sep 29, 2026 | Sell |
| Frates Caton | Sep 29, 2026 | Sell |
| Adamo Claudine | Sep 10, 2026 | Tax withholding |
| Adamo Claudine | Sep 10, 2026 | Grant / award |
Top holders
13F & 13D/G • latest quarter
| Holder | Stake | Filed | Value |
|---|---|---|---|
| BlackRock, Inc. | 7.7% | Aug 7, 2026 | $32B |
| Vanguard Capital Management | 6.5% | Aug 13, 2026 | $27.11B |
| STATE STREET CORPORATION | 4.1% | Sep 22, 2026 | $17.2B |
| Invesco Ltd. | 3.2% | Aug 14, 2026 | $13.09B |
| GEODE CAPITAL MANAGEMENT, LLC | 2.4% | Aug 12, 2026 | $9.9B |
Executive pay and the vote
From the FY2025 proxy statement (DEF 14A), filed Dec 4, 2025, and the annual meeting’s vote
Figures come from the company’s proxy statement, and the vote count from its 8-K.
The Summary Compensation Table for every named officer, the board with tenure and committees, and each proposal with its count, verified against the filings.
Sign up free →Latest 10-K takeaways
filed Oct 7, 2026The MD&A reports strong, broad-based growth in net sales (+10%), membership fees (+11%), and net income (+14%), supported by solid liquidity and a larger planned capex and warehouse expansion. The tone is factual and mostly retrospective, with moderate caveats on tariffs, competition, low margins, and cost pressures. Automated screens found no red flags in this filing.
Written by Scrutar's AI from COST's SEC filings. Check anything you rely on against the filing. Not investment advice.
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Companies related to COST
Peers identified from COST's own SEC filings.
Data as of Oct 16, 2026Source: SEC EDGAR.