Costco Q3 2026 Earnings: Revenue Beats Estimates, EPS Rises 7.3%
Costco Wholesale Corporation (NASDAQ:COST) reported its fiscal third-quarter 2026 results, with revenue of $58.5 billion and EPS of $3.67, both exceeding analyst expectations. Comparable sales rose 5.2% year-over-year.
Key Numbers
Costco Wholesale Corporation (NASDAQ:COST) announced its fiscal third-quarter 2026 results, posting revenue of $58.5 billion, surpassing the consensus estimate of $57.8 billion. Earnings per share (EPS) came in at $3.67, compared to the expected $3.55. Comparable sales grew 5.2% year-over-year.
Key Financial Results
| Metric | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $58.5B | $55.2B | +6.0% |
| Net Income | $1.63B | $1.52B | +7.2% |
| EPS | $3.67 | $3.42 | +7.3% |
| Comparable Sales | +5.2% | +4.8% | +40 bps |
Highlights from the Report
Management attributed the strong performance to increased foot traffic and improved product mix, particularly in fresh foods and consumables. Higher gasoline prices also contributed to revenue growth. Membership fee revenue rose 6.5% to $1.05 billion.
Future Guidance
Costco did not provide formal numerical guidance for Q4, but management indicated ongoing inflationary pressure on logistics costs. The company expects comparable sales growth to remain in the 4-6% range, with a focus on improving profit margins.
Stock Impact
Costco shares rose 1.8% in after-hours trading to $725, reflecting optimism as results beat expectations despite lingering concerns about consumer spending slowdown.
What This Means for Investors
Costco's results highlight the resilience of its membership-based wholesale model, which provides relative stability amid inflation. However, the stock's performance remains tied to the company's ability to sustain comparable sales growth amid increasing competition from other retailers.
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