Costco Wholesale (COST) FY2024 results: revenue $254.5 billion, up 5.0% on the year
Costco Wholesale Corp. (COST) reported revenue of $254.5 billion for fiscal 2024, the year ended 1 September 2024, up 5.0% on the year before. Net income was $7.4 billion, up 17.1%, and diluted earnings per share $16.56. The figures are the company's own, from the 10-K it filed with the SEC on 9 October 2024.
Revenue
$254.5 billion
+5.0% on the year
FY2017FY2024
Operating margin
3.6%
3.3% a year earlier
FY2017FY2024
Net income
$7.4 billion
+17.1% on the year
FY2017FY2024
Diluted EPS
$16.56
+16.9% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
11,339
11,068
7,392
+2.4%
Capital expenditure
4,710
4,323
3,891
+9.0%
Free cash flow
6,629
6,745
3,501
-1.7%
Free cash flow margin
2.6%
2.8%
1.5%
Cash from investing
-4,409
-4,972
-3,915
Cash from financing
-10,764
-2,614
-4,283
Depreciation and amortisation
2,237
2,077
1,900
+7.7%
Share-based compensation
818
774
724
+5.7%
Buybacks
700
676
439
+3.6%
Dividends paid
9,041
1,251
1,498
+622.7%
Dividend per share
$19.36
$3.84
n/a
+404.2%
Diluted shares, weighted
445m
444m
445m
+0.1%
Shares outstanding at period end
443m
443m
443m
+0.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
23,622
25,058
20,642
-5.7%
Non-controlling interest
n/a
0.0
5.0
Debt
5,897
6,458
6,557
-8.7%
Operating lease liabilities
2,375
2,426
2,482
-2.1%
Finance lease liabilities
1,351
n/a
n/a
Other liabilities
36,586
35,052
34,480
+4.4%
Total liabilities and equity
69,831
68,994
64,166
+1.2%
Fixed assets
29,032
26,684
24,646
+8.8%
Goodwill
994
994
993
0.0%
Investments
1,238
1,534
846
-19.3%
Cash and equivalents
9,906
13,700
10,203
-27.7%
Receivables
2,721
2,285
2,241
+19.1%
Inventory
18,647
16,651
17,907
+12.0%
Other assets
7,293
7,146
7,330
+2.1%
Total assets
69,831
68,994
64,166
+1.2%
10-K for the year ended 1 September 2024, filed 9 October 2024: the filing.