Business
Costco operates membership warehouses and e-commerce sites built around low prices, limited selection, high sales volumes, rapid inventory turnover, and efficient distribution. It ended FY2025 with 914 warehouses worldwide.
The membership flywheel kept compounding with cleaner cash and a net-cash balance sheet.
AnalystBook Intelligence · FY2025 10-K✓ Figures checked against SEC
- Growth — +8% revenue to $275.2BOK
- Profitability — $10.4B operating income; 3.8% marginOK
- Cash quality — $7.8B FCF, up 18%OK
- Balance sheet — $15.3B cash+STI vs $5.7B long-term debtOK
- Accounting — Distress-safe · earnings quality safe · clean auditOK
- Membership — 92.3% U.S./Canada renewal; Executive tier 73.6% of salesOK
In the full briefFree for 14 days
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Every figure in the brief links to the filing paragraph it came from, and a brief whose figures don't match SEC data is rejected before publication.
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