Costco Wholesale Corporation Q2 2026 Earnings Recap

Costco Wholesale Corporation reported strong financial performance for the second quarter of fiscal 2026, achieving a nearly 14% increase in net income year-over-year and a robust 9.1% growth in net sales.

Key Takeaways

• Net income reached $2.035 billion, or $4.58 per diluted share, up from $1.788 billion in the prior year.
• Total net sales were $68.24 billion, fueled by a 7.4% increase in comparable sales, which rose to 22.6% for digitally-enabled sales.
• Membership fee income climbed to $1.355 billion, marking a 13.6% increase due to both base growth and a fee adjustment.
• The company opened 4 new warehouses, raising the total to 924 and targeting 30+ openings annually in the coming years.
• Positive operational enhancements include improved checkout speed and member engagement through digital personalization.