Costco Wholesale Corporation · COST · Next earnings

Costco Wholesale Corporation reports Thursday, Sep 24, 2026

COST reports after market close with consensus EPS at $6.53 and revenue at $94.86B. Last quarter: Costco Q3 FY26: Revenue Beat, EPS Miss as Record Gas Volumes Drive Growth

Reports After market close4 days awayDate estimated Consumer Defensive

What the street expects

Consensus for the coming report
Consensus EPS $6.53 Calendar consensus
Consensus revenue $94.86B Calendar consensus
Report date Sep 24, 2026 Thursday, date estimated
Session After market close 4 days away

Where COST left off: FY2026 Q3

Full report

Costco Q3 FY26: Revenue Beat, EPS Miss as Record Gas Volumes Drive Growth

EPS surprise -1.4% Reported $4.93 vs $5.00
Revenue surprise +1.0% Reported $70.53B vs $69.83B
Stock move -3.9% Event window
Subsequent drift -1.0% Up to 20 sessions

Management did not provide explicit forward guidance this quarter. The company reaffirmed its capital plan of approximately $6.5 billion in CapEx and 30-plus net new warehouses annually, with an increasing CapEx outlook. The absence of formal guidance leaves investors to infer the trajectory from operational commentary alone.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Higher gasoline prices increasing inflation pressure on members
  • Transportation and logistics cost headwinds pressuring margins
  • Uncertainty around Section 301 tariff refunds and related litigation
  • FX volatility affecting comparable sales and margin reporting
  • Potential slowdown in membership renewal rates due to digital sign-up mix

Questions analysts left open

  • Slowing membership growth rate and its impact on same-store sales
  • Core-on-core margin compression
  • SG&A cost components, particularly healthcare and legal settlements
  • Effectiveness and scalability of retail media partnership
  • Long-term sustainability of gas volume growth

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Recent COST quarters

All COST earnings
-3.9%FY2026 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.