Costco reports $70.53 billion in Q3 revenue, driven by 11% membership fee growth and a 90% renewal rate.
Costco posted Q3 FY2026 revenue of $70.53 billion, up 11.58% year over year, with net income rising 15.19% to $2.19 billion. Membership fees reached $1.37 billion, a 10.7% increase, supported by an 89.7% global renewal rate and 75% executive-tier penetration.
Cash and equivalents surged 37% to $18.95 billion, while shareholders’ equity grew 23.54%. The company’s 29% return on equity outpaced Walmart, reinforcing its premium valuation. CFO Gary Millerchip hinted at a potential special dividend as cash reserves expand.
The stock remains a favored pick for retirement portfolios due to its recurring revenue model and strong balance sheet growth.