Costco earnings date and guidance
Costco's next results are expected on December 10, 2026. The one thing to watch is whether Costco sustains membership loyalty and fuel- and currency-adjusted comparable sales.
What has Costco guided for fiscal 2027?
Capital expenditures are money spent on long-lived assets such as buildings and equipment. For fiscal 2027, Costco plans approximately US$7,500 million of such spending. It also plans up to 33 warehouse openings, including five relocations.
| the period guided | low | high | the date it was given | |
|---|---|---|---|---|
| capital expenditures | Fiscal 2027 | 7,500 | 7,500 | Oct 7, 2026 |
| new warehouses (count) | Fiscal 2027 | 33 | Oct 7, 2026 | |
| relocations (count) | Fiscal 2027 | 5 | 5 | Oct 7, 2026 |
Did Costco keep its past promises?
The final test is delivery. Costco planned up to 35 warehouse openings in fiscal 2026, including five relocations, and capital spending of US$6.0–6.5 billion. It opened 28 warehouses, including three relocations, while spending approximately US$6.4 billion. It stayed within its spending plan but missed the upper opening target. At the same time, it documented member savings such as cutting walnuts from $13.79 to $9.99.
What did Costco report in the last eight quarters?
Costco’s final FY2026 quarter showed continuing growth, with temporary tariff assistance making earnings look somewhat stronger. Profit grew faster than revenue even though the rounded gross margin slipped, directing attention to expenses, membership income and tax.
| Aug 2026 | May 2026 | Feb 2026 | Nov 2025 | Aug 2025 | May 2025 | Feb 2025 | Nov 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 95,723 | 70,527 | 69,597 | 67,307 | 86,156 | 63,205 | 63,723 | 62,151 |
| Gross margin | 10.8% | 10.8% | 10.8% | 11.1% | 10.9% | 11.0% | 10.6% | 11.1% |
| Operating income | 3,801 | 2,815 | 2,606 | 2,463 | 3,341 | 2,530 | 2,316 | 2,196 |
| Net income | 2,998 | 2,192 | 2,035 | 2,001 | 2,610 | 1,903 | 1,788 | 1,798 |
| EPS, diluted | 6.75 | 4.93 | 4.58 | 4.50 | 5.87 | 4.28 | 4.02 | 4.04 |
| = Free cash flow | 2,477 | 2,036 | 1,707 | 3,162 | 1,901 | 2,329 | 1,611 | 1,996 |
What should Costco watchers look for next?
The next quarterly results should show whether warehouse strength continues to offset softer membership-fee growth. Investors should read paid-member growth, renewal rates and fee income together, then check comparable sales after gasoline and currency effects. That combination separates durable demand from temporary assistance.
Finally, investors should track openings through fiscal 2027, debt repayments in May and June, and the credit facility’s August maturity. The strongest outcome would combine successful openings, sustained membership growth and cash generation sufficient to fund both expansion and distributions. If spending rises while openings slip, Costco may still be able to pay its bills, but the promised benefit will be taking longer to arrive.