Costco Wholesale (COST) 10-K Summary — Year Ended Sep 1, 2024
Costco Wholesale Corporation filed its annual report for the period ending September 1, 2024. The report highlights continued revenue growth, strong operating income, and robust cash flow from operations.
Key takeaway
Year ended Sep 1, 2024 · FY2025 10-K
Costco Wholesale Corporation filed its annual report for the period ending September 1, 2024. The report highlights continued revenue growth, strong operating income, and robust cash flow from operations.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$254.5B
Revenue reported for the fiscal year.
Operating income
$9.3B
Income from operations reported for the year.
Net income
$7.4B
Net income reported for the year.
Operating cash flow
$11.3B
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 29, 2021 | $195.9B | n/a |
| Aug 28, 2022 | $227B | +15.8% |
| Sep 3, 2023 | $242.3B | +6.8% |
| Sep 1, 2024 | $254.5B | +5.0% |
Business overview
The filing references a Business section but does not include its content. The company's specific operations are not described in the provided excerpts.
Financial performance
Revenue increased compared to the prior year. Operating income and net income were substantial. Operating cash flow remained strong, supporting liquidity.
Material risks
The risk factors section is not detailed in the supplied data. No specific risks are identified in these excerpts.
Liquidity and capital
Liquidity is primarily derived from operating cash flows, cash equivalents, and short-term investments. The company also holds unsettled credit and debit card receivables that settle quickly. Foreign exchange rate changes had a positive impact on cash balances.
What to watch
Monitor the trajectory of revenue growth in the next annual filing.