Costco Wholesale (COST) 10-K Summaries & Annual Filing History
Review Costco Wholesale Corporation (COST) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Aug 31, 2025 · FY2025 10-K
The filing provides an overview of Costco's membership warehouse operations and its financial performance for the period. Key financial metrics show growth in revenue and operating income, while the company maintains strong liquidity from operating cash flows.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$275.2B
Revenue reported for the fiscal year.
Operating income
$10.4B
Income from operations reported for the year.
Net income
$8.1B
Net income reported for the year.
Operating cash flow
$13.3B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Aug 28, 2022 | $227B | +15.8% |
| Sep 3, 2023 | $242.3B | +6.8% |
| Sep 1, 2024 | $254.5B | +5.0% |
| Aug 31, 2025 | $275.2B | +8.2% |
Business overview
The company operates a membership warehouse club model, as described in its Business overview section. Its operations involve retail sales of a wide range of merchandise, supported by a membership fee structure.
Financial performance
The company reported higher revenue compared to the prior year, along with growth in operating income and net income. Operating cash flow also increased, reflecting improved cash generation from operations.
Material risks
The filing's Risk Factors section identifies risks including competitive pressures, economic fluctuations, and supply chain vulnerabilities. These factors could affect the company's financial results and operational performance.
Liquidity and capital
The company’s primary sources of liquidity are operating cash flows and cash equivalents. Operating cash flow improved from the prior year, and the company maintained a strong cash position, supported by short-term investments.
What to watch
Monitor the revenue growth trend in the next filing to see if the recent pattern of increases continues.