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Costco Wholesale Corporation, taken apart.

Four panels built from the reported annual accounts, then the rest of the engine. Every figure below is Costco Wholesale Corporation’s own filing, not an estimate of ours.

Income statement, four years

Read across, not down. Each line is shown for four fiscal years, so the direction matters more than any single column.

Costco Wholesale Corporation annual income statement, as reported. Columns are fiscal years, most recent first.
LineFY2025FY2024FY2023FY2022
Revenue$275.24B$254.45B$242.29B$226.95B
Cost of revenue$239.89B$222.36B$212.59B$199.38B
Gross profit$35.35B$32.09B$29.70B$27.57B
Operating expenses$24.97B$22.81B$21.59B$19.78B
Operating income$10.38B$9.29B$8.11B$7.79B
Net income$8.10B$7.37B$6.29B$5.84B
Diluted EPS18.2116.5614.1613.14

Net income and earnings per share moved together (+38.6% and +38.6%), so the share count barely changed over the period.

The rest of the engine

The panels above are built from filings. These run against the live engine.