Costco Wholesale Corporation reported fiscal 2026 membership-fee revenue of $5.907 billion, up from $5.323 billion, an increase of $584 million or approximately 11%. The company ended the year with 84.1 million paid memberships, up 3.8%, including 42.3 million Executive memberships, which accounted for 75.6% of fourth-quarter sales; renewal rates were 92.3% in the United States and Canada and 89.8% worldwide. Annual net sales rose 10.1% to $297.2 billion, while operating income increased approximately 12.5% to $11.685 billion, and fourth-quarter earnings benefited by $0.15 per diluted share from International Emergency Economic Powers Act tariff refunds after partial reinvestment in member value. Costco's Executive program generally offers a 2% reward on qualifying purchases subject to an annual limit, and rewards reduce sales after allowing for estimated nonredemptions, a reduction that totaled $3.007 billion in fiscal 2025. Accrued member rewards stood at $3.037 billion at fiscal year-end versus $2.677 billion a year earlier, but the results release does not disclose the fiscal 2026 rewards reduction, so investors cannot directly compare incremental fee revenue with incremental reward costs.
Five Below Inc
Ulta Beauty IncCostco Wholesale CorpMembership-fee revenue rose 11% to $5.907B, net sales up 10.1%, and operating income up ~12.5%, with Q4 EPS boosted $0.15 by tariff refunds.
