Coverage summary
Aardvark Labs Capital Research has covered Costco Wholesale Corporation (COST) since March 7, 2025. The company is in the Consumer Defensive sector. This page lists 7 reports: 7 earnings recaps.
The latest is the Q4 FY26 Earnings Recap, published September 28, 2026. The current rating is Hold, unchanged since the Q3 FY26 Earnings Recap of May 28, 2026. The rating has changed twice since coverage began.
Translations: 7 in Chinese.
The Excel model for COST holds 20 quarters and 5 fiscal years of history and 8 quarters and 5 fiscal years of projections. It was last updated September 26, 2026.
Rating history
All COST reports
Recap: Q4 FY26
Core margins improve and valuation falls, but member growth slows for a fifth quarter
Recap: Q3 FY26
Core-on-Core Slips, Membership-Fee Tailwind Normalizes, Member Growth Cools — Downgrading to Hold as the Re-Rating Runs Its Course
Recap: Q2 FY26
Renewal Rate Stops Falling, Member Growth Breaks Below 5%: Maintaining Outperform on a Narrower Margin
Recap: Q1 FY26
Membership Fee +14% Compounds, Core-on-Core +30bps Broad-Based, Renewal Slip Moderates — Maintaining Outperform
Recap: Q4 FY25
Membership Fee Tailwind Delivers, Core-on-Core +29bps Broad-Based, FY26 Pipeline +30% — Upgrading to Outperform
Recap: Q3 FY25
Core-on-Core Reverses Up, Tariff Bracketed in LIFO, Multiple Still Full — Maintaining Hold
Recap: Q2 FY25
Comps Strong, EPS Light, Tariff Overhang at Full Valuation — Initiating at Hold