Costco Wholesale Corp. 4th Q Fiscal 2025 Earnings Review
By Bruce Winder
Q4 Earnings Call
The Costco Wholesale Corporation (NASDAQ: COST) 4th quarter and full year 2025 earnings call was hosted by Ron Vachris (President & CEO) and Gary Millerchip (EVP & CFO) on September 25th.
GAAP Financials
For Q4, net sales were $84.4 billion, up 8% vs. last year. Comp warehouse sales grew 5.7% during the same time.
- US business was up 5.1%
- Canada was up 6.3%
- Other international was up 8.6%
Membership Fees
Membership fees came in at $1.72 billion for Q4, up 14% vs. last year. About half of the increase came from membership fee increases in September 2024 in both the US & Canadian markets.
About half of new COSTCO members are less than 40 years of age.
Foreign exchange positively impacted sales by +0.5%.
Author's summary: Costco's Q4 earnings show significant growth in net sales and membership fees.
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