Costco reported fiscal 2025 revenue of $275.2 billion and Q2 FY2026 revenue of $69.6 billion. The thesis depends on membership renewal, traffic, merchandise margin, warehouse growth and cash conversion.
Costco: membership economics still have to justify the premium
NASDAQCOSTCoverage BootstrapCostco Wholesale Corporation
Thesis summary
Costco reported fiscal 2025 revenue of $275.2 billion and Q2 FY2026 revenue of $69.6 billion. The thesis depends on membership renewal, traffic, merchandise margin, warehouse growth and cash conversion.
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