Quartz Notify me• Mar 10, 2026• 1:57

Costco's Q2 earnings beat reinforces its membership-fee machine

Executive Summary

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9 quotes

Potential for U.S. tariff increases to 15%, which could raise the cost of goods and impact margins.
Financial uncertainty from the ongoing $175 billion legal dispute over tariff refunds.

Continued market share gains from weaker competitors in the retail sector.
Further expansion of high-growth digitally enabled sales channels to attract new customers.

Costco's net sales for Q2 FY 2026 grew 9.1% to $68.24 billion.

Costco reported a net income of $2.04 billion for Q2 FY 2026.

Costco's total revenue for Q2 FY 2026 was $69.6 billion.

Costco generated $1.36 billion in membership fees during Q2 FY 2026.

Costco's operating income for Q2 FY 2026 was $2.61 billion.

Costco reported a 7.4% company-wide comparable sales growth in Q2 FY 2026.

In the first 24 weeks of fiscal year 2026, Costco generated $2.68 billion in membership fees and $136.9 billion in revenue.

U.S. Treasury Secretary Scott Besant signaled that tariffs on imported goods may rise to 15%.

Costco filed a lawsuit to preserve tariff refunds, with $175 billion at stake in the legal dispute.

Costco's digitally enabled sales grew by 22.6% in Q2 FY 2026.

Costco's sales for February increased 9.5% to $21.69 billion.

Costco's comparable sales for February grew by 7.9%.

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