Costco Membership Fee Revenue Climbs 10.7% in Third Quarter

Earnings

โดย Zacks Investment Research·

Summary · why it matters

Costco Wholesale Corporation reported third-quarter fiscal 2026 membership fee revenues of $1,373 million, up 10.7% year over year, with the September 2024 fee increase contributing a little more than one-fourth of that growth. Excluding the fee increase and foreign exchange effects, membership income still advanced 7%. Executive memberships grew 9.6% to 41.2 million and accounted for 75% of sales, while global renewal rates reached 89.7% and U.S. and Canada renewals ticked up to 92.2%. The company also highlighted that personalized product recommendation carousels delivered conversion rates three times higher than standard rates, generating nearly half a billion dollars in e-commerce sales during the quarter. Costco shares have dropped 10.7% over the past three months, and the stock trades at a forward 12-month price-to-earnings ratio of 42.85, above the industry's 31.18 but below its 12-month median of 45.79.

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