Costco Wholesale (COST.NE) Q2 2025 Earnings Report

Costco Wholesale Corporation (COST.NE) reported QQ2 2025 revenue of $63.72 billion, up 8.9% year over year, with a gross profit of $9.614 billion and a gross margin of approximately 15.09%. Operating income reached $2.316 billion (operating margin ~3.63%), while net income was $1.788 billion with diluted EPS of $4.02-$4.03. The quarter produced free cash flow of about $1.611 billion, supporting a strong liquidity position (cash and cash equivalents of $12.356 billion; net debt about -$4.317 billion) and ongoing capital discipline (capex of $1.137 billion; buybacks of roughly $205 million). These results underscore Costco’s durable member-based model, scale advantages, and efficient working capital management, even as the business navigates a competitive and inflationary retail backdrop.