Costco Wholesale (COST) Earnings Analysis

Costco Wholesale (COST) reported results in line with expectations in Q3 FY2026 on revenue of $70.5B versus the $69.8B estimate (+11.6% YoY) and EPS of $4.93. The next Costco Wholesale (COST) earnings date is Sep 24, 2026. Below is the full Costco Wholesale earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.

Costco Wholesale (COST) Earnings Analysis — key stats

Next earnings dateSep 24, 2026
Latest reported quarterQ3 FY2026
Earnings verdictIn line
EPS beat rate0 of last 8 (quarters above estimate)
Avg next-day move±3.0% (over the last 8 reports)
Post-earnings directionUp 2 / Down 6 (of the last 8 reports)
Implied move (next report)±5.8% (options-derived · into Sep 24, 2026)
Institutional ownership215.5% (13F as of 2026-06-30)
Top 10 holders33.0% (of shares outstanding)
Insider activity0 buys / 9 sells (recent Form 4 filings)
Revenue$70.5B (vs $69.8B est · +1.0% surprise · +11.6% YoY)
EPS$4.93 (vs $4.94 est · -0.2% surprise · +15.2% YoY)
Share price$971.40 (+2.5%)
Market cap$430.8B

Costco Wholesale (COST) Earnings Analysis — beat / miss history

QuarterRevenueEPSEPS surpriseNext-day moveVerdict
Q3 FY2026$70.5B vs $69.8B est$4.93 vs $4.94 est-0.2%-4.7%In line
Q3 FY2026$69.6B vs $69.3B est$4.58 vs $4.55 est+0.7%-0.9%In line
Q2 FY2026$67.3B vs $67.1B est$4.34 vs $4.27 est+1.6%+1.2%In line
Q1 FY2026$86.2B vs $86.0B est$5.87 vs $5.80 est+1.2%-3.1%In line
Q3 FY2025$63.2B vs $63.1B est$4.28 vs $4.24 est+0.9%+2.7%In line
Q3 FY2025$63.7B vs $63.1B est$4.02 vs $4.09 est-1.7%-8.0%In line
Q2 FY2025$62.2B vs $62.0B est$3.82 vs $3.79 est+0.8%-0.5%In line
Q1 FY2025$79.7B vs $79.9B est$5.15 vs $5.08 est+1.4%-2.5%In line

Top institutional holders

Holder% outstandingSharesValueQoQ change
Blackrock, INC.7.7%34.2M$32.0B-2.1%
Vanguard Capital Management LLC6.5%29.0M$27.1B+0.4%
State Street Corp4.1%18.4M$17.2B+1.3%
Invesco Ltd.3.2%14.0M$13.1B+50.2%
Geode Capital Management, LLC2.4%10.6M$9.9B-0.3%
Vanguard Portfolio Management LLC2.3%10.4M$9.7B-2.8%
Morgan Stanley2.3%10.2M$9.6B+3.3%
Bank Of America Corp /De/1.6%7.2M$6.8B-3.5%
Norges Bank1.5%6.5M$6.1B+100.0%
Fmr LLC1.4%6.2M$5.8B-8.3%

Recent insider transactions

InsiderRoleDateTypeSharesValue
RAIKES JEFFREY Sdirector2026-07-10Sell5K—
DENMAN KENNETH Ddirector2026-06-23Sell885$847345
George Sarah Catherineofficer: Executive Vice President2026-03-02Other0—
Frates Catonofficer: Executive Vice President2026-04-01Sell700$695100
George Sarah Catherineofficer: Executive Vice President2026-03-12Sell642$636483
MILLERCHIP GARYofficer: Executive Vice President2026-03-11Sell1K$1.1M
George Sarah Catherineofficer: Executive Vice President2026-03-02Other0—
George Sarah Catherineofficer: Executive Vice President2026-03-02Other0—

What you'll find

Frequently asked questions

When is Costco Wholesale's next earnings date?
Costco Wholesale's (COST) next scheduled earnings date is Sep 24, 2026. Magnisto shows the confirmed date, the options-implied expected move and the revenue and EPS estimates Wall Street is modeling into the report.
Did Costco Wholesale (COST) beat or miss earnings?
In Q3 FY2026, Costco Wholesale (COST) posted in-line results — revenue of $70.5B versus the $69.8B estimate (+1.0% surprise) and EPS of $4.93 versus $4.94 expected (-0.2% surprise). Magnisto decodes every Costco Wholesale (COST) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does Costco Wholesale beat earnings estimates?
Over its last 8 reported quarters, Costco Wholesale (COST) beat Wall Street EPS estimates 0 times, most recently a in-line result in Q3 FY2026. Magnisto tracks every Costco Wholesale (COST) quarter's revenue and EPS versus consensus and grades each one Beat, Miss, In-line or Mixed at a unified ±2% threshold.
How much does Costco Wholesale stock move after earnings?
Over its last 8 quarterly reports, Costco Wholesale (COST) moved an average of ±3.0% the day after earnings — ranging from -8.0% (Q3 FY2025) to +2.7% (Q3 FY2025). The stock rose after 2 of those 8 reports and fell after 6. Heading into its next report on Sep 24, 2026, options-implied volatility is pricing in a move of roughly ±5.8% (derived). Magnisto tracks the realized post-earnings move for every Costco Wholesale (COST) quarter alongside the beat/miss verdict — past moves don't predict the next one.
Who are the largest shareholders of Costco Wholesale?
Institutions hold about 215.5% of Costco Wholesale's (COST) shares outstanding as of the 2026-06-30 13F quarter. Its largest institutional holders include Blackrock, INC. (7.7%), Vanguard Capital Management LLC (6.5%), State Street Corp (4.1%). Magnisto lists Costco Wholesale's (COST) top 13F holders with each stake size and its quarter-over-quarter change.
Are insiders buying or selling Costco Wholesale (COST)?
In the most recent Form 4 filings Magnisto tracks, Costco Wholesale (COST) insiders recorded 0 purchases and 9 sales — net selling. Insider transactions are one signal among many and are often routine (option exercises or scheduled 10b5-1 sales), so Magnisto shows the raw feed for you to judge.
What is the forecast for Costco Wholesale (COST) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for Costco Wholesale (COST), anchored to the current $971.40 share price, so you can weigh the bull, base and bear cases for Costco Wholesale side by side.
Is Costco Wholesale (COST) a buy right now?
Magnisto does not give buy or sell tips. It gives you the institutional-grade evidence — the verdict, valuation, risks, technicals and hedge-fund 13F flows — so you can decide whether Costco Wholesale fits your own thesis and risk profile. This is research, not investment advice.

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Educational research, not investment advice. Figures are illustrative and may be delayed.